Bank Accounts, Deposits, Capital
US Congress 115th Congress
Financial Services and General Government Appropriations Act, 2018 [HB-3280]
[Finance ]
[Cybersecurity ]
[Taxes ]
[Technology and Innovation ]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
[Data Privacy ]
[Economic Development ]
[Elections ]
[Ethics ]
[Funding ]
[Grants ]
[Law Enforcement ]
[National Security ]
[Property Tax ]
[Crime ]
Financial Services and General Government Appropriations Act, 2018 Provides FY2018 appropriations for financial services and general government, including programs within the Department of the Treasury, the Executive Office of the President, the federal judiciary, the District of Columbia, and several independent agencies. Department of the Treasury Appropriations Act, 2018 TITLE I--DEPARTMENT OF THE TREASURY Provides appropriations to the Department of the Treasury for Departmental Offices, including: Salaries and Expenses, the Office of Terrorism
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Sponsored by: Rep. Tom Graves
Committee On Appropriations Senate Subcommittee On Financial Services And General Government. Hearings Held On The Subject Prior To Measure Being Received From The House. Hearings Printed: S. Hrg. 115-191. on 07/26/2017
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North Korean Enablers Accountability Act of 2017 [S.1562]
[International ]
[Trade ]
[National Security ]
[Human Rights ]
[Finance ]
[Mining ]
North Korean Enablers Accountability Act of 2017 This bill directs the President to: (1) impose property-blocking sanctions against the North Korean government, business entities that trade with North Korea, including specified Chinese entities, and affiliated persons or entities; (2) prohibit the opening, and strictly control the maintaining in the United States, of correspondent or payable-through accounts by a foreign financial institution that assisted in the importation, sale, or transfer of North Korean goods or services; and (3) impose specified
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Sponsored by: Sen. Edward J. Markey
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 07/13/2017
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Of inquiry directing the Secretary of the Treasury to provide certain documents in the Secretary's possession to the House of Representatives relating to President Trump's financial connections to Russia, certain illegal financial schemes, and related information. [HR-442]
[Finance ]
[International ]
[Taxes ]
[Trade ]
[Budget and Spending ]
[Law Enforcement ]
[National Security ]
[Funding ]
[Crime ]
Of inquiry directing the Secretary of the Treasury to provide certain documents in the Secretary's possession to the House of Representatives relating to President Trump's financial connections to Russia, certain illegal financial schemes, and related information.
Sponsored by: Rep. Gregory W. Meeks
Reported Adversely By The Committee On Financial Services. H. Rept. 115-265. on 07/28/2017
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Countering Iran's Destabilizing Activities Act of 2017 [HB-3203]
[Defense ]
[Finance ]
[International ]
[Cybersecurity ]
[Human Rights ]
[National Security ]
[Energy ]
[Funding ]
Countering Iran's Destabilizing Activities Act of 2017 This bill directs the Departments of State, Defense, and Treasury and the Director of National Intelligence to submit a strategy every two years for deterring conventional and asymmetric Iranian activities that threaten the United States and key allies. The President shall impose specified sanctions against: (1) any person that materially contributes to Iran's ballistic missile or weapons of mass destruction programs, and (2) Iran's Islamic Revolutionary Guard Corps and affiliated foreign persons.
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Sponsored by: Rep. Steny H. Hoyer
Referred To The Subcommittee On Trade. on 07/24/2017
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Keeping Capital Local for Underserved Communities Act of 2017 [S.1500]
[Community Development ]
[Economic Development ]
[Finance ]
[Small Business ]
Keeping Capital Local for Underserved Communities Act of 2017
Sponsored by: Sen. Mark R. Warner
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 06/29/2017
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✔
Tax Cuts and Jobs Act [HB-1]
[Taxes ]
[Labor, Jobs, Employment ]
[Small Business ]
[Energy ]
[Budget and Spending ]
[Healthcare ]
[Insurance ]
[Investments ]
[Real Estate ]
[International ]
[Trade ]
[Pensions ]
[Retirement ]
[Alcoholic Beverages ]
[Manufacturing ]
[Construction ]
[Property Tax ]
[Public Lands and National Parks ]
[Finance ]
Tax Cuts and Jobs Act This bill amends the Internal Revenue Code (IRC) to reduce tax rates and modify policies, credits, and deductions for individuals and businesses. It also establishes an oil and gas leasing program for the Coastal Plain of the Arctic National Wildlife Refuge (ANWR) in Alaska. (Unless otherwise specified, provisions referred to in this summary as temporary or as a suspension of an existing provision apply for taxable years beginning after December 31, 2017, and before January 1, 2026.) TITLE I Subtitle A-- Individual Tax Reform
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Sponsored by: Rep. Tom Rice
Became Public Law No: 115-97. (txt | Pdf) on 12/22/2017
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Help All Americans Save for College Act of 2017 [HB-3046]
[Education ]
[Taxes ]
[Disabilities ]
Help All Americans Save for College Act of 2017 This bill amends the Internal Revenue Code to modify the tax treatment of qualified tuition programs (known as 529 plans) and ABLE accounts. (Tax-favored ABLE [Achieving a Better Life Experience] accounts are designed to enable individuals with disabilities to save for and pay for disability-related expenses.) The bill excludes employer contributions to an employee's 529 plan or ABLE account from the gross income of an individual, certain employment taxes, and taxes on self-employment earnings. The
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Sponsored by: Rep. F. James Sensenbrenner
Referred To The Subcommittee On Trade. on 07/05/2017
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Family Self-Sufficiency Act [S.1344]
[Family-Related Legislation ]
[Human Services ]
[Poverty ]
Family Self-Sufficiency Act
Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 06/13/2017
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First-Time Homebuyer Savings Account Act of 2017 [HB-2802]
[Real Estate ]
[Housing ]
[Taxes ]
[Construction ]
[Finance ]
[Property Tax ]
First-Time Homebuyer Savings Account Act of 2017 This bill amends the Internal Revenue Code to provide for tax-preferred savings accounts for first-time homebuyers. An individual may make up to $14,000 per year in after-tax contributions to the account, subject to a $50,000 lifetime contribution limit, a $150,000 limit on the fair market value of the account, and adjustments for inflation after 2018. Distributions from the account that are used to pay the qualified principal residence purchase expenditures of the designated beneficiary are excluded
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Sponsored by: Rep. Sean Patrick Maloney
Introduced In House on 06/07/2017
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Disaster Savings Accounts Act of 2017 [HB-2818]
[Disaster Relief ]
[Taxes ]
[Budget and Spending ]
[Insurance ]
[Housing ]
[Property Tax ]
Disaster Savings Accounts Act of 2017 This bill amends the Internal Revenue Code to: (1) establish tax-exempt disaster savings accounts to pay the expenses of homeowners for disaster mitigation and recovery expenses, (2) allow a deduction from gross income (above-the-line deduction) of up to $5,000 (adjusted annually for inflation) in a taxable year for cash contributions to such accounts, (3) exclude from gross income distributions from such accounts to pay disaster mitigation and recovery expenses, and (4) set forth tax rules and penalties for
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Sponsored by: Rep. Dennis Ross
Introduced In House on 06/07/2017
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Native American Education Opportunity Act [S.1294]
[Education ]
[Native American Affairs ]
[Funding ]
[Grants ]
[Children and Youth ]
Native American Education Opportunity Act This bill amends the Education Amendments of 1978 to require the Bureau of Indian Affairs (BIA), at the request of a federally recognized Indian tribe, to provide funds for tribal education savings account programs to make grants to education savings accounts for students who: (1) attended or will be eligible to attend a BIA-funded school; (2) will not be attending a BIA-funded school, receiving an education savings account from another tribe, or attending public elementary or secondary school while participating
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Sponsored by: Sen. John McCain
Read Twice And Referred To The Committee On Indian Affairs. on 06/06/2017
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Commission on Americans Living Abroad Act of 2017 [HB-2710]
[International ]
[Military ]
Commission on Americans Living Abroad Act of 2017 This bill establishes the Commission on Americans Living Abroad which shall conduct a study of how federal laws and policies affect U.S. citizens living abroad, including civilians and members of the Armed Forces. Each federal agency affected by a recommendation in the report required by this bill shall submit a response to the President, Congress, and the Commission.
Sponsored by: Rep. Dina Titus
Referred To The Subcommittee On Health. on 05/26/2017
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Community Bank Relief Act [S.1284]
[Finance ]
[Small Business ]
Community Bank Relief Act This bill directs the Federal Reserve Board to increase, from $1 billion to $5 billion, the consolidated asset threshold (i.e., permissible debt level) for a bank holding company or savings and loan holding company that: (1) is not engaged in significant nonbanking activities; (2) does not conduct significant off-balance-sheet activities; and (3) does not have a material amount of debt or equity securities, other than trust-preferred securities, outstanding. If warranted for supervisory purposes, the Federal Reserve Board
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Sponsored by: Sen. Angus S. King
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/25/2017
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Financial Institution Customer Protection Act of 2017 [HB-2706]
[Finance ]
[National Security ]
[Cybersecurity ]
[Consumer Protection ]
Financial Institution Customer Protection Act of 2017 (Sec. 2) This bill specifies that a federal banking agency may not request or order a depository institution to terminate a customer account unless: (1) the agency has a valid reason for doing so, and (2) that reason is not based solely on reputation risk. Valid reasons for terminating an account include threats to national security and involvement in terrorist financing, including state sponsorship of terrorism. A federal banking agency requesting a termination must provide the depository institution
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Sponsored by: Rep. Robert E. Latta
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 12/12/2017
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Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 [S.1241]
[Finance ]
[Crime ]
[International ]
[Taxes ]
[National Security ]
Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 This bill modifies various prohibitions on money laundering. It requires that for certain reporting requirements, a blank check shall be considered to have a value of more than $10,000 if it was drawn on an account that contained more than $10,000. Whoever violates a currency smuggling law is subject to fines, which may be enhanced in aggravated cases. Commingled funds and aggregated transactions can be counted towards the value requirement for offenses involving prohibited
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Sponsored by: Sen. Chuck Grassley
Committee On The Judiciary. Hearings Held. on 11/28/2017
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Countering Terrorist Financing Act of 2017 [HB-2622]
[Finance ]
[National Security ]
[Law Enforcement ]
[Cybersecurity ]
[Crime ]
Countering Terrorist Financing Act of 2017 This bill revises the authority of the Department of the Treasury to issue an order imposing recordkeeping and reporting requirements upon financial institutions and nonfinancial trade or business groups in certain geographic areas regarding transactions for the payment, receipt, or transfer of U.S. coins or currency (or other monetary instruments as Treasury may describe in an order). Specifically, a Treasury order for recordkeeping and reporting may include any funds (not just U.S. coins or currency)
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Sponsored by: Rep. Peter T. King
Introduced In House on 05/24/2017
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American Dream Accounts Act [S.1205]
[Economic Development ]
[Education ]
[Finance ]
[Funding ]
[Grants ]
[Housing ]
[Poverty ]
American Dream Accounts Act
Sponsored by: Sen. Marco Rubio
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 05/23/2017
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Working Parents Flexibility Act of 2017 [HB-2533]
[Taxes ]
[Labor, Jobs, Employment ]
[Family-Related Legislation ]
[Children and Youth ]
Working Parents Flexibility Act of 2017 This bill amends the Internal Revenue Code to establish a tax-exempt parental leave savings account for the care of a child, to which an individual taxpayer who has earned income from employment during the past 12 months may make tax deductible cash contributions of up to $6,750 in a taxable year and not more than an aggregate of $24,000 for all taxable years. Taxpayers whose adjusted gross income exceeds $250,000 in a taxable year are ineligible for such a tax deduction. The bill excludes from gross income:
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Sponsored by: Rep. John Katko
Introduced In House on 05/18/2017
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Incentivize Growth Now In Tomorrow's Entrepreneurs Act of 2017 [HB-2576]
[Taxes ]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
Incentivize Growth Now In Tomorrow's Entrepreneurs Act of 2017 This bill amends the Internal Revenue Code to create tax-exempt small business start-up savings accounts to pay for the start-up expenses of a business that does not employ more than 50 full-time employees during a taxable year. Cash contributions to such accounts are allowed up to the lesser of $10,000 or the amount of compensation includible in the taxpayer's gross income for the taxable year. (Start-up expenditures are paid or incurred in connection with: (1) investigating the creation
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Sponsored by: Rep. Jose E. Serrano
Introduced In House on 05/19/2017
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HELP for Students and Parents Act Higher Education Loan Payments for Students and Parents Act [HB-1656]
[Student Loans ]
[Taxes ]
[Education ]
[Budget and Spending ]
[Small Business ]
[Funding ]
[Grants ]
HELP for Students and Parents Act Higher Education Loan Payments for Students and Parents Act This bill amends the Internal Revenue Code to expand the tax exclusion for employer-provided educational assistance programs to exclude from the gross income of an employee: (1) employer payments of principal or interest on loans for higher education expenses incurred by an employee, and (2) any qualified dependent 529 contributions made by the employer. (Under current law, the maximum exclusion for educational assistance programs is $5,250 per year.) A
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Sponsored by: Rep. Tim Ryan
Introduced In House on 03/21/2017