Accounting And Auditing
US Congress 116th Congress
Holding Foreign Companies Accountable Act [S.945]
[Finance ]
[Trade ]
[International ]
[Cybersecurity ]
[National Security ]
Requires certain issuers of securities to establish that they are not owned or controlled by a foreign government. Specifically, an issuer must make this certification if the Public Company Accounting Oversight Board is unable to audit specified reports because the issuer has retained a foreign public accounting firm not subject to inspection by the board. Furthermore, if the board is unable to inspect the issuer's public accounting firm for three consecutive years, the issuer's securities are banned from trade on a national exchange or through
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Sponsored by: Sen. Kevin Cramer
Became Public Law No: 116-222. (txt | Pdf) on 12/18/2020
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States’ Education Reclamation Act of 2019 [HB-1930]
[Education ]
[Student Loans ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Labor, Jobs, Employment ]
[Healthcare ]
[Veterans ]
[Native American Affairs ]
[Children and Youth ]
[Disabilities ]
Abolishes the Department of Education (ED) and repeals any program for which it has administrative responsibility. The Department of the Treasury shall provide grants to states, for FY2019-FY2027, for elementary, secondary, and postsecondary education purposes permitted by state law. The level of funding is set at the amount provided to states for federal elementary and secondary education programs and the amount provided for federal postsecondary education programs, respectively, for FY2012, minus the funding provided for education programs that
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Sponsored by: Rep. David Rouzer
Introduced In House on 03/27/2019
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DHS Acquisition Documentation Integrity Act of 2019 [HB-1912]
[Budget and Spending ]
[Cybersecurity ]
[National Security ]
[Technology and Innovation ]
Establishes additional requirements for Department of Homeland Security (DHS) acquisitions that are estimated to require total expenditures of at least $300 million. These requirements include meeting certain criteria for acquisition documentation, such as validated operational requirements; preparing cost estimates and schedules in a manner consistent with best practices identified by the Government Accountability Office; and an annual comprehensive report on the status of DHS acquisitions.
Sponsored by: Rep. Xochitl Torres Small
Received In The Senate And Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 05/15/2019
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PROTECT Students Act of 2019 Preventing Risky Operations from Threatening the Education and Career Trajectories of Students Act of 2019 [S.867]
[Student Loans ]
[Education ]
[Veterans ]
[Military ]
[Consumer Protection ]
[Funding ]
[Grants ]
Provides additional oversight of postsecondary education programs, including for-profit institutions of higher education (IHEs), and addresses protections for students and student loan borrowers from fraudulent or predatory practices. The bill sets forth a variety of provisions concerning oversight of for-profit IHEs. Specifically, the bill decreases the cap on the amount of revenue for-profit IHEs may receive from federal sources, including funds from the Department of Veterans Affairs and the Department of Defense. In addition, it establishes
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Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 03/26/2019
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Employee Rights Act [HB-1855]
[Labor, Jobs, Employment ]
Amends the National Labor Relations Act to (1) make it an unlawful labor practice for a labor organization to interfere (currently, also restrain or coerce) with the rights of employees to organize and collectively bargain; (2) require union recertification after a turnover in the workforce exceeding 50% of the bargaining unit; (3) require the National Labor Relations Board (NLRB) to give 14 days advance notice before a hearing investigating an election petition; and (4) require an employer to provide the NLRB with a list consisting only of employee
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Sponsored by: Rep. Mike Johnson
Introduced In House on 03/25/2019
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SHIELD for Veterans Act of 2020 Stopping Harm and Implementing Enhanced Lead-time for Debts for Veterans Act of 2020 Veteran Debt Fairness Act of 2019 [S.805]
[Veterans ]
[Technology and Innovation ]
[Consumer Protection ]
[Cybersecurity ]
[Funding ]
[Grants ]
[Human Services ]
[Law Enforcement ]
[Military ]
[Poverty ]
[Retirement ]
Limits the authority of the Department of Veterans Affairs (VA) to recover overpayments of benefits from veterans. Among other requirements, the VA must update its information technology systems to allow for expedited notification when a veteran incurs a debt via participation in a VA benefits program. The VA may only deduct the amount of debt of any veteran who is in debt because of participation in a VA benefits program from future benefit payments if the debt is the result of the following: failure to report correct, required information to the
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Sponsored by: Sen. Ron Wyden
Committee On Veterans' Affairs. Reported By Senator Moran With An Amendment In The Nature Of A Substitute. Without Written Report. on 09/15/2020
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Additional Supplemental Appropriations for Border Security and Disaster Relief, 2019 [S.811]
[Budget and Spending ]
[Disaster Relief ]
[Agriculture ]
[Defense ]
[Environmental ]
[Immigration ]
[Public Lands and National Parks ]
[Healthcare ]
[Housing ]
[Labor, Jobs, Employment ]
[Education ]
[Veterans ]
[Transportation and Motor Vehicles ]
[Funding ]
[Grants ]
[Public Safety ]
[National Security ]
Provides FY2019 supplemental appropriations to several federal departments and agencies for expenses related to natural disasters and border security. The funding provided by this bill is designated as emergency spending, which is exempt from discretionary spending limits. The bill includes appropriations for U.S. Customs and Border Protection, the Department of Agriculture, the Department of Commerce, the Department of Justice, the Department of Defense, the U.S. Army Corps of Engineers, the Department of the Interior, the U.S. Coast Guard, the
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Sponsored by: Sen. Marco Rubio
Read Twice And Referred To The Committee On Appropriations. on 03/14/2019
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Carried Interest Fairness Act of 2019 [HB-1735]
[Finance ]
[Taxes ]
[Investments ]
Modifies the tax treatment of carried interest, which is compensation that is typically received by a partner of a private equity or hedge fund and is based on a share of the fund's profits. (Under current law, carried interest is taxed as investment income rather than at ordinary income tax rates.) includes provisions that set forth a special rule for the inclusion in gross income of partnership interests transferred in connection with the performance of services, treat as ordinary income the net capital gain with respect to an investment services
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 03/13/2019
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Stop Tax Haven Abuse Act [HB-1712]
[Finance ]
[Taxes ]
[International ]
[Trade ]
[Budget and Spending ]
[Small Business ]
[Law Enforcement ]
[Cybersecurity ]
[National Security ]
[Economic Development ]
[Crime ]
Authorizes the Department of the Treasury to impose restrictions on foreign jurisdictions or financial institutions to counter money laundering and efforts to significantly impede U.S. tax enforcement. The bill amends the Internal Revenue Code to expand reporting requirements for certain foreign investments and accounts held by U.S. persons, establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under the Foreign Account Tax Compliance Act, treat certain foreign corporations
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 03/13/2019
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No Tax Breaks for Outsourcing Act [HB-1711]
[Taxes ]
[Finance ]
[Trade ]
[International ]
[Budget and Spending ]
[Small Business ]
[Economic Development ]
Modifies the tax treatment of the foreign source income of domestic corporations. The bill includes provisions that eliminate an exemption for certain returns from tangible investments made overseas, eliminate deductions for a domestic corporation's foreign-derived intangible income and global intangible low-taxed income, repeal a provision that excludes foreign oil and gas extraction income from the tested income of a controlled foreign corporation, limit the tax deduction for the interest expenses of a U.S. corporation that is a member of a financial
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 03/13/2019
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Stop Tax Haven Abuse Act [S.779]
[Finance ]
[Taxes ]
[International ]
[Trade ]
[Budget and Spending ]
[Small Business ]
[Law Enforcement ]
[Cybersecurity ]
[National Security ]
[Economic Development ]
[Crime ]
Authorizes the Department of the Treasury to impose restrictions on foreign jurisdictions or financial institutions to counter money laundering and efforts to significantly impede U.S. tax enforcement. The bill amends the Internal Revenue Code to expand reporting requirements for certain foreign investments and accounts held by U.S. persons, establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under the Foreign Account Tax Compliance Act, treat certain foreign corporations
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Finance. on 03/13/2019
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No Tax Breaks for Outsourcing Act [S.780]
[Taxes ]
[Finance ]
[Trade ]
[International ]
[Budget and Spending ]
Modifies the tax treatment of the foreign source income of domestic corporations. The bill includes provisions that eliminate an exemption for certain returns from tangible investments made overseas, eliminate deductions for a domestic corporation's foreign-derived intangible income and global intangible low-taxed income, repeal a provision that excludes foreign oil and gas extraction income from the tested income of a controlled foreign corporation, limit the tax deduction for the interest expenses of a U.S. corporation that is a member of a financial
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Finance. on 03/13/2019
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Carried Interest Fairness Act of 2019 [S.781]
[Finance ]
[Taxes ]
[Investments ]
Modifies the tax treatment of carried interest, which is compensation that is typically received by a partner of a private equity or hedge fund and is based on a share of the fund's profits. (Under current law, carried interest is taxed as investment income rather than at ordinary income tax rates.) includes provisions that set forth a special rule for the inclusion in gross income of partnership interests transferred in connection with the performance of services, treat as ordinary income the net capital gain with respect to an investment services
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Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. on 03/13/2019
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COST Act Cost of Services and Translations Act [HB-1728]
[Budget and Spending ]
[Funding ]
[Human Services ]
Requires federal agency financial offices to include multilingual services accounting information in their mandatory annual reports to the agency head and to the Office of Management and Budget (OMB). The bill defines multilingual service to include (1) services provided by interpreters hired by an agency; (2) services resulting in additional expenses which an agency provides to assist its employees or contractors to learn a non-English language; (3) agency preparation, translation, printing, or recordation of materials in a language other than
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Sponsored by: Rep. Glenn Grothman
Introduced In House on 03/13/2019
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Protecting Family Resources and Training Options Act [HB-1505]
[Family-Related Legislation ]
[Healthcare ]
[Human Services ]
[Public Health ]
[Children and Youth ]
Applies specified federal laws regarding improper payment to state Temporary Assistance for Needy Families (TANF) programs. The Department of Health and Human Services must establish review and reporting requirements through regulations.
Sponsored by: Rep. Jody Arrington
Introduced In House on 03/05/2019
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Singh's Law [S.599]
[Immigration ]
[Crime ]
[Criminal Justice ]
[Funding ]
[Grants ]
[Public Safety ]
Establishes that aliens associated with a criminal gang shall be inadmissible into the United States and deported if already in the country. Such aliens are (1) subject to mandatory detention, (2) barred from receiving asylum, (3) ineligible for temporary protected status, and (4) barred from receiving special immigrant juvenile status. An alien associated with a criminal gang is one who (1) has been a member of a criminal gang or has participated in a gang's activities, knowing or having reason to know that such activities will promote or support
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Sponsored by: Sen. Chuck Grassley
Read Twice And Referred To The Committee On The Judiciary. on 02/28/2019
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Accountability in Department of Veterans Affairs Scheduling and Consult Management Act [S.629]
[Healthcare ]
[Veterans ]
A bill to require the Secretary of Veterans Affairs to review the processes and requirements of the Department of Veterans Affairs for scheduling appointments for health care and conducting consultations under the laws administered by the Secretary, and for other purposes.
Sponsored by: Sen. Richard Blumenthal
Committee On Veterans' Affairs. Reported By Senator Moran With An Amendment In The Nature Of A Substitute. Without Written Report. on 09/15/2020
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Medicare for All Act of 2019 [HB-1384]
[Healthcare ]
[Medicare and Medicaid ]
[Pharmaceuticals ]
[Public Health ]
[Mental Health ]
[Senior Citizens ]
Establishes a national health insurance program that is administered by the Department of Health and Human Services (HHS). Among other requirements, the program must (1) cover all U.S. residents; (2) provide for automatic enrollment of individuals upon birth or residency in the United States; and (3) cover items and services that are medically necessary or appropriate to maintain health or to diagnose, treat, or rehabilitate a health condition, including hospital services, prescription drugs, mental health and substance abuse treatment, dental and
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Sponsored by: Rep. Raul Grijalva
Subcommittee Hearings Held. on 12/10/2019
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DATA Privacy Act Digital Accountability and Transparency to Advance Privacy Act [S.583]
[Technology and Innovation ]
[Consumer Protection ]
[Data Privacy ]
[Cybersecurity ]
[Science ]
Establishes information security requirements for businesses that collect, process, store, or disclose information relating to at least 3,000 people in a 12-month period. The bill applies to information that may be linked to a specific individual or a device associated with a specific individual. It does not cover data related to employment or publicly available government records.Specifically, covered businesses must provide consumers with accessible notice of the business’ privacy practices with respect to such information; and if meeting a certain
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Sponsored by: Sen. Catherine Cortez Masto
Read Twice And Referred To The Committee On Commerce, Science, And Transportation. on 02/27/2019
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Additional Supplemental Appropriations for Disaster Relief, 2019 [S.572]
[Disaster Relief ]
[Funding ]
[Grants ]
[Agriculture ]
[Defense ]
[Environmental ]
[Budget and Spending ]
[Public Health ]
[Labor, Jobs, Employment ]
[Education ]
[Veterans ]
[Transportation and Motor Vehicles ]
[Housing ]
Provides FY2019 supplemental appropriations to several federal departments and agencies for expenses related to the consequences of recent wildfires, hurricanes, volcanos, earthquakes, typhoons, and other natural disasters. The funding provided by this bill is designated as emergency spending, which is exempt from discretionary spending limits and other budget enforcement rules. The bill includes appropriations for the Department of Agriculture, the Department of Commerce, the Department of Justice, the Department of Defense, the U.S. Army Corps
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Sponsored by: Sen. David Perdue
Read Twice And Referred To The Committee On Appropriations. on 02/26/2019