Bank Accounts, Deposits, Capital
US Congress 116th Congress
Clyde-Hirsch-Sowers RESPECT Act Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools Act [HB-1219]
[Finance ]
[Taxes ]
[Law Enforcement ]
[Criminal Justice ]
[National Security ]
[Property Tax ]
[Public Safety ]
[Crime ]
Revises the authority and procedures that the Internal Revenue Service (IRS) uses to seize property that has been structured to avoid Bank Secrecy Act (BSA) reporting requirements. The IRS may only seize property it suspects has been structured to avoid BSA reporting requirements if the property was derived from an illegal source or the funds were structured to conceal the violation of a criminal law or regulation other than structuring transactions to evade BSA reporting requirements. Within 30 days of seizing property, the IRS must (1) make a
(continued...)
Sponsored by: Rep. John Lewis
Introduced In House on 02/14/2019
Spread the world
Gettr US Congress 116th Congress
Responsibly Addressing the Marijuana Policy Gap Act of 2019 [S.421]
[Cannabis ]
[Finance ]
[Healthcare ]
[Veterans ]
[Crime ]
[Taxes ]
[Criminal Justice ]
[Housing ]
[Immigration ]
[Education ]
[Law Enforcement ]
Removes federal restrictions on, and creates new protections for, marijuana-related conduct and activities that are authorized by state or tribal law (i.e., state-authorized). Among other things, the bill does the following: eliminates regulatory controls and administrative, civil, and criminal penalties under the Controlled Substances Act for state-authorized marijuana-related activities; allows businesses that sell marijuana in compliance with state or tribal law to claim certain federal tax credits and deductions; eliminates restrictions on print
(continued...)
Sponsored by: Sen. Ron Wyden
Read Twice And Referred To The Committee On Finance. on 02/07/2019
Spread the world
US Congress 116th Congress
A bill to amend the Internal Revenue Code of 1986 to permit amounts paid for programs to obtain a recognized postsecondary credential or a license to be treated as qualified higher education expenses for purposes of a 529 account. [S.379]
[Taxes ]
[Education ]
[Labor, Jobs, Employment ]
Allows tax-exempt distributions from qualified tuition programs (known as 529 plans) to be used for expenses required for programs to obtain a recognized postsecondary credential or occupational license. A "recognized postsecondary credential" is a credential consisting of an industry-recognized certificate or certification, a certificate of completion of an apprenticeship, a license recognized by the state involved or federal government, or an associate or baccalaureate degree.
Sponsored by: Sen. Dianne Feinstein
Read Twice And Referred To The Committee On Finance. on 02/07/2019
Spread the world
US Congress 116th Congress
Skills Investment Act of 2019 [S.275]
[Education ]
[Taxes ]
[Labor, Jobs, Employment ]
[Small Business ]
[Budget and Spending ]
[Funding ]
Expands tax-favored Coverdell education savings accounts to allow the accounts to be used for educational or skill development expenses such as training services, career and technical education activities, career services, youth workforce investment activities, and adult education and literacy activities. The bill also renames the accounts "Coverdell lifelong learning accounts," increases contribution limits, modifies the age-based contribution restrictions, allows a tax credit for a portion of an employer's contributions to an employee's account,
(continued...)
Sponsored by: Sen. Amy Klobuchar
Read Twice And Referred To The Committee On Finance. on 01/30/2019
Spread the world
US Congress 116th Congress
Preserving American Justice Act [S.230]
[Crime ]
[Taxes ]
[International ]
[National Security ]
[Criminal Justice ]
A bill to require a report on foreign nationals who flee from the United States while awaiting trial or sentencing for a criminal offense committed in the United States, to establish a list of countries who have assisted or facilitated with such departures, to penalize parties connected to such departures, and to amend the Internal Revenue Code of 1986 to prohibit the exclusion from gross income from certain investments made by foreign governments who are identified on such list.
Sponsored by: Sen. Ron Wyden
Read Twice And Referred To The Committee On Finance. (sponsor Introductory Remarks On Measure: Cr S681) on 01/25/2019
Spread the world
US Congress 116th Congress
529 Expansion and Modernization Act of 2019 [S.220]
[Taxes ]
[Education ]
[Labor, Jobs, Employment ]
[Small Business ]
[Inflation ]
[Budget and Spending ]
Allows tax-exempt distributions from qualified tuition programs (known as 529 plans) to be used for apprenticeship programs, early education expenses for children under the age of 5, career and technical education programs, and industry intermediary education programs. The bill also allows employers to make contributions to an employee's 529 plan as a fringe benefit that is excluded from the gross income of the employee. The contributions per employee may not exceed $500 per year (adjusted for inflation after 2020) and must be made in connection
(continued...)
Sponsored by: Sen. Cory Gardner
Read Twice And Referred To The Committee On Finance. on 01/24/2019
Spread the world
US Congress 116th Congress
Federal Reserve Transparency Act of 2019 [S.148]
[Finance ]
[Budget and Spending ]
[Taxes ]
Establishes requirements regarding audits of certain financial agencies performed by the Government Accountability Office (GAO). Specifically, the bill directs the GAO to complete, within 12 months, an audit of the Federal Reserve Board and Federal Reserve banks. In addition, the bill allows the GAO to audit the Federal Reserve Board and Federal Reserve banks with respect to (1) international financial transactions; (2) deliberations, decisions, or actions on monetary policy matters; (3) transactions made under the direction of the Federal Open
(continued...)
Sponsored by: Sen. Mike Lee
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/16/2019
Spread the world
US Congress 116th Congress
Responsibly Addressing the Marijuana Policy Gap Act of 2019 [HB-1119]
[Cannabis ]
[Finance ]
[Healthcare ]
[Veterans ]
[Criminal Justice ]
[Housing ]
[Taxes ]
[Law Enforcement ]
[Public Health ]
[Crime ]
Removes federal restrictions on, and creates new protections for, marijuana-related conduct and activities that are authorized by state or tribal law (i.e., state-authorized). Among other things, the bill does the following: eliminates regulatory controls and administrative, civil, and criminal penalties under the Controlled Substances Act for state-authorized marijuana-related activities; allows businesses that sell marijuana in compliance with state or tribal law to claim certain federal tax credits and deductions; eliminates restrictions on print
(continued...)
Sponsored by: Rep. Ted Lieu
Referred To The Subcommittee On Health. on 03/14/2019
Spread the world
US Congress 116th Congress
Family Savings Act of 2019 [HB-1084]
[Taxes ]
[Family-Related Legislation ]
[Retirement ]
[Education ]
[Children and Youth ]
Modifies requirements for tax-exempt multi-employer and pooled employer retirement plans and expands qualified tuition plans (commonly known as 529 plans) to cover additional programs and expenses. Among other things, the bill treats certain education fellowships and stipend payments as compensation for Individual Retirement Account (IRA) purposes, repeals the maximum age for contributions to a traditional IRA, increases the credit limitation for small employer pension plan startup costs, allows a new tax credit for small employer automatic enrollment
(continued...)
Sponsored by: Rep. Darin LaHood
Introduced In House on 02/07/2019
Spread the world
US Congress 116th Congress
To require the Treasury to take a more prominent role in coordinating AML/CFT policy and examinations across the Government, and for other purposes. [HB-1038]
[Finance ]
[National Security ]
[Law Enforcement ]
[Crime ]
Requires the Department of the Treasury's Office of Terrorism and Financial Intelligence and the Financial Crimes Enforcement Network to establish anti-money-laundering and counterterrorist-financing policy priorities. Financial institutions must incorporate these priorities into existing anti-money-laundering and counterterrorist-financing programs.
Sponsored by: Rep. Denver Riggleman
Introduced In House on 02/07/2019
Spread the world
US Congress 116th Congress
Banking Transparency for Sanctioned Persons Act of 2019 [HB-1037]
[Finance ]
[National Security ]
[International ]
Requires the Department of the Treasury to report semiannually on financial services provided to benefit a state sponsor of terrorism or specified sanctioned persons. Treasury may waive these reporting requirements with respect to a foreign financial institution if the institution credibly assures Treasury that it will cease conducting transactions for such persons, or the waiver is important to the national interest.
Sponsored by: Rep. Josh Gottheimer
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/15/2019
Spread the world
US Congress 116th Congress
Tax Cuts and Jobs Middle Class Enhancement Act [HB-957]
[Taxes ]
[Budget and Spending ]
[Children and Youth ]
The bill makes permanent the tax reductions and other provisions for individuals that were enacted in P.L 115-97 (commonly known as the Tax Cuts and Jobs Act) and are scheduled to expire at the end of 2025. The bill also increases the standard deduction, makes permanent the reduction in the adjusted gross income threshold that must be exceeded before a taxpayer is allowed to claim an itemized deduction for medical expenses, and increases the refundable portion of the child tax credit.
Sponsored by: Rep. Paul Mitchell
Introduced In House on 02/04/2019
Spread the world
US Congress 116th Congress
North American Wetlands Conservation Extension Act [HB-925]
[Environmental ]
[Public Lands and National Parks ]
[Animals ]
[Water ]
[Funding ]
[Grants ]
Reauthorizes the North American Wetlands Conservation Act through FY2024.
Sponsored by: Rep. Mike Johnson
Pursuant To The Provisions Of H. Res. 1161, Mrs. Lowey Called Up H.r. 925, With The Senate Amendments Thereto And Moved That The House Agree In The Senate Amendment To The Title Of H.r. 925 And That The House Agree In The Senate Amendment To The Text Of H.r. 925 With An Amendment Consisting Of The Text Of Rules Committee Print 116-66. on 10/01/2020
Spread the world
US Congress 116th Congress
To clarify exclusions from the definition of a deposit broker. [HB-907]
[Finance ]
[Insurance ]
Excludes from the definition of "deposit broker" an entity that is an exclusive agent of an insurance company and an affiliated depository institution. Deposit brokers place, or facilitate the placement of, deposits in a depository institution. Generally, under current law, an insured depository institution that is not well capitalized may not accept funds obtained by or through any deposit broker for deposit. excludes certain deposits from those restrictions.
Sponsored by: Rep. Darin LaHood
Introduced In House on 01/30/2019
Spread the world
US Congress 116th Congress
Skills Investment Act of 2019 [HB-898]
[Education ]
[Taxes ]
[Labor, Jobs, Employment ]
[Small Business ]
[Budget and Spending ]
[Funding ]
Expands tax-favored Coverdell education savings accounts to allow the accounts to be used for educational or skill development expenses such as training services, career and technical education activities, career services, youth workforce investment activities, and adult education and literacy activities. The bill also renames the accounts "Coverdell lifelong learning accounts," increases contribution limits, modifies the age-based contribution restrictions, allows a tax credit for a portion of an employer's contributions to an employee's account,
(continued...)
Sponsored by: Rep. Ann M. Kuster
Introduced In House on 01/30/2019
Spread the world
US Congress 116th Congress
Educational Freedom Accounts Act [HB-778]
[Education ]
[Children and Youth ]
(1) establishes an educational savings account program for District of Columbia children who are eligible to receive a free public education in the District, but whose parents choose not to enroll them in a public school or home schooling; and (2) specifies the use of such funds, including for private schools.
Sponsored by: Rep. Mark Meadows
Introduced In House on 01/24/2019
Spread the world
US Congress 116th Congress
Cooperate with Law Enforcement Agencies and Watch Act of 2019 [HB-758]
[Finance ]
[Crime ]
[Law Enforcement ]
[Public Safety ]
Limits a financial institution's liability for maintaining a customer account or a customer transaction in compliance with a written request by a federal, state, tribal, or local law enforcement agency. A federal or state agency may not take an adverse supervisory action against a financial institution with respect to maintaining an account or a transaction consistent with such a request.
Sponsored by: Rep. Bill Foster
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/12/2019
Spread the world
US Congress 116th Congress
✔
Middle Class Health Benefits Tax Repeal Act of 2019 [HB-748]
[Healthcare ]
[Finance ]
[Small Business ]
[Labor, Jobs, Employment ]
[Taxes ]
[Budget and Spending ]
[Public Health ]
[Education ]
[Medicare and Medicaid ]
[Unemployment ]
[Economic Development ]
[Funding ]
[Grants ]
[Insurance ]
[Technology and Innovation ]
[Telecommunications ]
[Consumer Protection ]
[Senior Citizens ]
[Pharmaceuticals ]
[Housing ]
[Real Estate ]
[Pensions ]
[Workers' Compensation ]
[Family-Related Legislation ]
[Children and Youth ]
[Data Privacy ]
[Cybersecurity ]
[Artificial Intelligence ]
[Science ]
[Law Enforcement ]
[National Security ]
[Military ]
[Defense ]
[Transportation and Motor Vehicles ]
[Air Quality ]
[Energy ]
[Trade ]
[Manufacturing ]
[Mental Health ]
[Overdose Prevention ]
[Property Tax ]
[Public Safety ]
[Retirement ]
[Veterans ]
[Community Development ]
[Disaster Relief ]
[Inflation ]
[Investments ]
[Poverty ]
[Social Security ]
[Climate Change ]
Responds to the COVID-19 (i.e., coronavirus disease 2019) outbreak and its impact on the economy, public health, state and local governments, individuals, and businesses. DIVISION A--KEEPING WORKERS PAID AND EMPLOYED, HEALTH CARE SYSTEM ENHANCEMENTS, AND ECONOMIC STABILIZATION This division establishes the Paycheck Protection Program to provide eight weeks of cash flow assistance to small businesses through federally guaranteed loans to employers who maintain their payroll. Such assistance shall be to cover costs such as payroll, paid sick leave,
(continued...)
Sponsored by: Rep. Alexander Mooney
Committee On Small Business And Entrepreneurship. Hearings Held. on 07/23/2020
Spread the world
US Congress 116th Congress
Military Child Educational Freedom Act [HB-740]
[Education ]
[Military ]
[Taxes ]
[Veterans ]
[Children and Youth ]
Modifies the requirements for tax-exempt Coverdell education savings accounts to permit members of the Armed Forces serving on extended active duty or their spouses to use the accounts for certain education expenses incurred in connection with a home school that provides elementary or secondary education. The home school must be treated under state law as a home school or a private school.
Sponsored by: Rep. Walter B. Jones
Introduced In House on 01/24/2019
Spread the world
US Congress 116th Congress
National Infrastructure Development Bank Act of 2019 [HB-658]
[Infrastructure ]
[Telecommunications ]
[Transportation and Motor Vehicles ]
[Energy ]
[Environmental ]
[Budget and Spending ]
[Water ]
[Waste Management / Recycling ]
[Construction ]
[Finance ]
[Taxes ]
Establishes the National Infrastructure Development Bank as a government corporation to finance energy, environmental (e.g., drinking water or waste facilities), telecommunications, and transportation infrastructure projects. The National Infrastructure Development Bank Board, established by this bill, must oversee the projects. The board may make loans and loan guarantees to assist in financing infrastructure projects. In addition, the board must establish an American Infrastructure Bond program. Under the program, the board may subsidize interest
(continued...)
Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Highways And Transit. on 02/07/2019