Bank Accounts, Deposits, Capital
US Congress 115th Congress
Stop Tax Haven Abuse Act [S.851]
[Finance ]
[Taxes ]
[Trade ]
[International ]
[Small Business ]
[Investments ]
[Law Enforcement ]
[National Security ]
[Economic Development ]
[Crime ]
Stop Tax Haven Abuse Act This bill 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
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Finance. on 04/05/2017
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A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes. [S.828]
[Finance ]
[Budget and Spending ]
A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes. This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as level 2B liquid assets if they are investment grade, liquid, and readily marketable. Under current law, corporate debt securities and publicly traded common-equity shares, but not municipal obligations, may be treated as level 2B liquid assets (which
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Sponsored by: Sen. Amy Klobuchar
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/05/2017
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ABLE to Work Act of 2017 [S.818]
[Taxes ]
[Disabilities ]
[Retirement ]
ABLE to Work Act of 2017 This bill amends the Internal Revenue Code, with respect to ABLE accounts (tax-exempt savings accounts for persons with a disability), to allow: (1) an ABLE account beneficiary to make additional contributions to an ABLE account equal to the lesser of such beneficiary's compensation or an amount equal to the federal poverty line for a one-person household, and (2) a retirement savings tax credit for contributions to an ABLE account.
Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 04/04/2017
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ABLE Financial Planning Act [S.816]
[Taxes ]
[Disabilities ]
ABLE Financial Planning Act This bill amends the Internal Revenue Code to allow tax-free rollovers of amounts in qualified tuition programs (529 plans) to qualified ABLE programs. (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.)
Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 04/04/2017
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Clyde-Hirsch-Sowers RESPECT Act Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools Act [S.824]
[Finance ]
[Crime ]
[Taxes ]
[Consumer Protection ]
[National Security ]
[Public Safety ]
Clyde-Hirsch-Sowers RESPECT Act Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools Act This bill 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 for the purpose of concealing the violation of
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Sponsored by: Sen. Mark Warner
Read Twice And Referred To The Committee On Finance. on 04/04/2017
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US Congress 115th Congress
ABLE Age Adjustment Act [S.817]
[Taxes ]
[Disabilities ]
[Healthcare ]
[Human Services ]
ABLE Age Adjustment Act This bill amends the Internal Revenue Code, with respect to qualified ABLE programs, to increase the age threshold for eligibility for such programs from 26 to 46. (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.)
Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 04/04/2017
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US Congress 115th Congress
ABLE Age Adjustment Act [HB-1874]
[Disabilities ]
[Taxes ]
[Healthcare ]
[Budget and Spending ]
ABLE Age Adjustment Act This bill amends the Internal Revenue Code, with respect to qualified ABLE programs, to increase the age threshold for eligibility for such programs from 26 to 46. (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.)
Sponsored by: Rep. Sean Maloney
Introduced In House on 04/04/2017
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US Congress 115th Congress
ABLE to Work Act of 2017 [HB-1896]
[Taxes ]
[Disabilities ]
[Retirement ]
ABLE to Work Act of 2017 This bill amends the Internal Revenue Code, with respect to ABLE accounts (tax-exempt savings accounts for persons with a disability), to allow: (1) an ABLE account beneficiary to make additional contributions to an ABLE account equal to the lesser of such beneficiary's compensation or an amount equal to the federal poverty line for a one-person household, and (2) a retirement savings tax credit for contributions to an ABLE account.
Sponsored by: Rep. Sean Maloney
Introduced In House on 04/04/2017
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US Congress 115th Congress
ABLE Financial Planning Act [HB-1897]
[Taxes ]
[Disabilities ]
ABLE Financial Planning Act This bill amends the Internal Revenue Code to allow tax-free rollovers of amounts in qualified tuition programs (529 plans) to qualified ABLE programs. (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.)
Sponsored by: Rep. Sean Maloney
Introduced In House on 04/04/2017
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Clyde-Hirsch-Sowers RESPECT Act Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools Act [HB-1843]
[Finance ]
[Taxes ]
[Law Enforcement ]
[Criminal Justice ]
[National Security ]
[Property Tax ]
[Crime ]
Clyde-Hirsch-Sowers RESPECT Act Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools Act (Sec. 2) This bill 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 for the purpose of concealing the violation
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Sponsored by: Rep. Tom Rice
Received In The Senate And Read Twice And Referred To The Committee On Finance. on 09/06/2017
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US Congress 115th Congress
Responsibly Addressing the Marijuana Policy Gap Act of 2017 [S.780]
[Cannabis ]
[Crime ]
[Law Enforcement ]
Responsibly Addressing the Marijuana Policy Gap Act of 2017
Sponsored by: Sen. Ron Wyden
Read Twice And Referred To The Committee On Finance. on 03/30/2017
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US Congress 115th Congress
Responsibly Addressing the Marijuana Policy Gap Act of 2017 [HB-1824]
[Cannabis ]
[Finance ]
[Taxes ]
[Healthcare ]
[Veterans ]
[Criminal Justice ]
[Housing ]
[Immigration ]
[Student Loans ]
Responsibly Addressing the Marijuana Policy Gap Act of 2017 This bill amends various provisions of law and sets forth new provisions: to eliminate regulatory controls and administrative, civil, and criminal penalties under the Controlled Substances Act for marijuana-related activities authorized by state or tribal law (i.e., state-authorized); to allow businesses that sell marijuana in compliance with state or tribal law to claim certain federal tax credits and deductions; to eliminate restrictions on print and broadcast advertising of state-authorized
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Sponsored by: Rep. Barbara Lee
Referred To The Subcommittee On Crime, Terrorism, Homeland Security, And Investigations. on 04/24/2017
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Counteracting Russian Hostilities Act of 2017 [HB-1751]
[Cybersecurity ]
[Human Rights ]
[International ]
[National Security ]
[Elections ]
[Funding ]
[Law Enforcement ]
[Military ]
[Trade ]
[Budget and Spending ]
Counteracting Russian Hostilities Act of 2017 This bill directs the President to impose U.S. entry and property blocking sanctions against: (1) a person that engages in significant activities for the government of the Russian Federation that undermine U.S. or allied cyber security, or (2) a foreign person responsible for serious human rights abuses in any territory occupied or controlled by Russia. The President shall impose specified financial and property sanctions against a person that: (1) engages in a significant transaction on behalf of Russian
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Sponsored by: Rep. Alexander Mooney
Referred To The Subcommittee On Railroads, Pipelines, And Hazardous Materials. on 03/29/2017