Bank Accounts, Deposits, Capital
US Congress 114th Congress
EMPOWER Act of 2016 Enhancing and Modernizing Pathways to Opportunity through Work, Education, and Responsibility Act of 2016 [S.3091]
[Social Security ]
[Poverty ]
[Children and Youth ]
[Human Services ]
[Education ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Funding ]
[Grants ]
EMPOWER Act of 2016 Enhancing and Modernizing Pathways to Opportunity through Work, Education, and Responsibility Act of 2016 This bill amends part A (Temporary Assistance for Needy Families) (TANF) of title IV of the Social Security Act (SSAct) to reauthorize through FY2021: (1) state family assistance grants, (2) tribal family assistance grants, and (3) child care entitlement grants. The purposes of the TANF program are amended to include: (1) reduction of child poverty, including the incidence of children living in families with incomes of less
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Sponsored by: Sen. Angus King
Read Twice And Referred To The Committee On Finance. on 06/23/2016
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Portfolio Lending and Mortgage Access Act [S.2995]
[Finance ]
[Housing ]
[Real Estate ]
[Consumer Protection ]
Portfolio Lending and Mortgage Access Act This bill amends the Truth in Lending Act to create a safe harbor from lawsuit for creditors that are depository institutions for any failure to comply with certain requirements with respect to a residential mortgage loan, and the banking regulators are required to treat such a loan as a qualified mortgage, if the creditor has, since the loan's origination, held it on its balance sheet and all prepayment penalties with respect to the loan comply with specified limitations. A safe harbor from lawsuit is also
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Sponsored by: Sen. Rand Paul
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/26/2016
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World's Greatest Healthcare Plan Act of 2016 [S.2985]
[Healthcare ]
World's Greatest Healthcare Plan Act of 2016
Sponsored by: Sen. Bill Cassidy
Read Twice And Referred To The Committee On Finance. on 05/25/2016
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End Housing Subsidies for the Rich Act of 2016 [S.2935]
[Housing ]
[Real Estate ]
[Budget and Spending ]
[Property Tax ]
[Public Safety ]
[Family-Related Legislation ]
[Human Services ]
[Poverty ]
End Housing Subsidies for the Rich Act of 2016 This bill amends the United States Housing Act of 1937 to revise eligibility requirements for assisted housing. If a public housing agency (PHA) determines that a tenant's income is greater than 120% of the area median income for two consecutive years, the PHA must terminate the family's tenancy within six months. Such a family may, however, continue to occupy the dwelling unit month-to-month if: the PHA charges the family the fair market rent, and there are no eligible families applying for housing
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Sponsored by: Sen. Jeff Flake
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/17/2016
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CAPTIVE Act Clarifying Amendment to Provide Terrorism Victims Equity Act [S.2909]
[National Security ]
[Law Enforcement ]
[Human Rights ]
[International ]
[Military ]
[Crime ]
CAPTIVE Act Clarifying Amendment to Provide Terrorism Victims Equity Act This bill amends the Terrorism Risk Insurance Act of 2002 regarding the blocked assets of a terrorist party which shall be subject to execution or attachment in aid of execution in order to satisfy a judgment based upon an act of terrorism in an action brought by or on behalf of the person obtaining the judgment. The bill redefines "blocked asset" to include any asset seized or frozen by the United States under the Foreign Narcotics Kingpin Designation Act. The bill also defines
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Sponsored by: Sen. Richard Shelby
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/10/2016
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Boost Saving for College Act [S.2869]
[Taxes ]
[Education ]
[Disabilities ]
[Retirement ]
Boost Saving for College Act This bill amends the Internal Revenue Code to modify the tax treatment of qualified tuition programs (known as 529 plans). The bill allows: (1) a nonrefundable tax credit for contributions of an individual to a 529 plan, and (2) an exclusion from the gross income of an employee of up to $1000 per year of employer contributions to a 529 plan. The bill also permits savings from a 529 plan to be rolled over tax-free into: (1) a Roth Individual Retirement Account of the owner or the beneficiary of a 529 plan that has been
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 04/28/2016
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Global Magnitsky Human Rights Accountability Act [S.284]
[Human Rights ]
[International ]
[National Security ]
[Law Enforcement ]
[Ethics ]
[Crime ]
Global Magnitsky Human Rights Accountability Act (Sec. 3) This bill authorizes the President to impose U.S. entry and property sanctions against any foreign person (or entity) who: is responsible for extrajudicial killings, torture, or other gross violations of internationally recognized human rights committed against individuals in any foreign country seeking to expose illegal activity carried out by government officials, or to obtain, exercise, or promote human rights and freedoms; acted as an agent of or on behalf of a foreign person in such
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Sponsored by: Sen. John McCain
Ordered To Be Reported In The Nature Of A Substitute (amended) By Unanimous Consent. on 05/18/2016
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Refund to Rainy Day Savings Act [S.2797]
[Budget and Spending ]
[Taxes ]
[Funding ]
[Grants ]
[Poverty ]
[Human Services ]
[Economic Development ]
Refund to Rainy Day Savings Act This bill requires the Department of the Treasury to establish and implement a Refund to Rainy Day Savings Program to permit a taxpayer to defer payment on 20% of a tax refund to be deposited into a Treasury account, accumulate interest, and disbursed to the taxpayer in six months. The bill also amends the Assets for Independence Act to reauthorize the Assets for Independence (AFI) federal matched savings program through FY2021 and require appropriations for the program to be reserved for: general research and evaluation,
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Sponsored by: Sen. Cory Booker
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 04/13/2016
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Financial Institution Customer Protection Act of 2016 [S.2790]
[Finance ]
[National Security ]
[Law Enforcement ]
[Cybersecurity ]
[Crime ]
Financial Institution Customer Protection Act of 2016 This bill prohibits a federal banking agency from formally or informally suggesting, requesting, or ordering a depository institution to terminate either a specific customer account, or group of customer accounts, or otherwise restrict or discourage it from entering into or maintaining a banking relationship with a specific customer or group of customers, unless: (1) the agency has a material reason to do so, and (2) the reason is not based solely on reputation risk to the institution. The "material
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Sponsored by: Sen. Mike Lee
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/13/2016
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SAFE Lending Act of 2016 Stopping Abuse and Fraud in Electronic Lending Act of 2016 [S.2760]
[Consumer Protection ]
[Finance ]
[Technology and Innovation ]
[Native American Affairs ]
[Small Business ]
[Data Privacy ]
SAFE Lending Act of 2016 Stopping Abuse and Fraud in Electronic Lending Act of 2016 This bill amends the Electronic Fund Transfer Act (EFTA) to declare that a remotely created check may only be issued by a person specifically designated in writing by the consumer to the insured depository institution at which the consumer maintains the account from which the check is drawn. A remotely created check is a paper or electronic check that: is not created by the financial institution that holds the customer account from which the check is to be paid;
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Sponsored by: Sen. Dianne Feinstein
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. (sponsor Introductory Remarks On Measure: Cr S1811-1812) on 04/07/2016
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Iran Financial System Access Limitation Act of 2016 [S.2757]
[Finance ]
[International ]
[Trade ]
[National Security ]
Iran Financial System Access Limitation Act of 2016 This bill expresses the sense of Congress that Congress must act to preempt any move to grant licenses resulting in Iran's access to the U.S. dollar. The President may not issue a license to an offshore dollar-clearing entity to conduct a transaction in U.S. dollars with an Iranian financial institution. A U.S. person may not process (in a U-turn transaction) any transfer of funds to or from Iran, or for the benefit of persons in Iran or the government of Iran, even if the transfer arises from,
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Sponsored by: Sen. Dan Sullivan
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/06/2016
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Preventing Iran's Access to United States Dollars Act of 2016 [S.2752]
[International ]
[Finance ]
[National Security ]
[Trade ]
Preventing Iran's Access to United States Dollars Act of 2016 This bill prohibits the President from issuing a license that permits a person to: conduct an offshore U.S. dollar clearing system for transactions involving the government of Iran or an Iranian person, or provide U.S. dollars for any offshore U.S. dollar clearing system conducted by a foreign government or a foreign financial institution for transactions involving the government of Iran or an Iranian person. The Department of the Treasury shall report to Congress: a list of financial
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Sponsored by: Sen. Chuck Grassley
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/06/2016
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Iran Terrorism and Human Rights Sanctions Act of 2016 [S.2726]
[Human Rights ]
[International ]
[National Security ]
Iran Terrorism and Human Rights Sanctions Act of 2016 This bill prescribes requirements for mandatory sanctions with respect to: Iran's Revolutionary Guard Corps (IRGC) and entities it owns in whole or in part, Mahan Air, Iran's support of terrorism, Iran's human rights abuses, certain Iranian individuals, persons who conduct transactions with or on behalf of certain Iranian individuals, and financial institutions that engage in certain transactions on behalf of persons involved in human rights abuses or that export sensitive technology to Iran.
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Sponsored by: Sen. Rob Portman
Read Twice And Referred To The Committee On Foreign Relations. on 03/17/2016
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US Congress 114th Congress
Native American Education Opportunity Act [S.2711]
[Education ]
[Native American Affairs ]
Native American Education Opportunity Act
Sponsored by: Sen. John McCain
Committee On Indian Affairs. Ordered To Be Reported With An Amendment In The Nature Of A Substitute Favorably. on 09/07/2016
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US Congress 114th Congress
ABLE Age Adjustment Act [S.2704]
[Disabilities ]
[Taxes ]
[Healthcare ]
[Senior Citizens ]
ABLE Age Adjustment Act This bill amends the Internal Revenue Code, with respect to qualified ABLE programs, to increase the threshold for eligibility for such programs from age 26 to age 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 03/17/2016
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US Congress 114th Congress
ABLE Financial Planning Act [S.2703]
[Taxes ]
[Disabilities ]
[Healthcare ]
[Finance ]
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 and from qualified ABLE programs to qualified tuition 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 03/17/2016
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US Congress 114th Congress
ABLE to Work Act of 2016 [S.2702]
[Taxes ]
[Disabilities ]
[Retirement ]
ABLE to Work Act of 2016 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 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 03/17/2016
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Nuclear Weapon Free Iran Act of 2015 [S.269]
[International ]
[National Security ]
[Trade ]
[Energy ]
[Defense ]
Nuclear Weapon Free Iran Act of 2015 Expresses the sense of Congress that: it is U.S. policy that Iran not be allowed to develop or acquire nuclear weapon capabilities; Iran does not have an inherent right to enrichment and reprocessing capabilities under the Treaty on the Non-Proliferation of Nuclear Weapons; the goal of international negotiations with Iran should be to conclude a long-term comprehensive solution that will reverse the development of Iran's illicit nuclear infrastructure; and the United States should continue to impose sanctions
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/27/2015
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US Congress 114th Congress
FCC Reauthorization Act of 2016 [S.2644]
[Telecommunications ]
[Technology and Innovation ]
[Budget and Spending ]
[Consumer Protection ]
[Cybersecurity ]
[Data Privacy ]
[Funding ]
[Grants ]
[Public Safety ]
[Healthcare ]
[Libraries ]
[Education ]
FCC Reauthorization Act of 2016 (Sec. 4) This bill reauthorizes the Federal Communications Commission (FCC) for FY2017-FY2018. The bill designates amounts for: (1) the FCC's office of inspector general, and (2) the FCC to move to a new facility or reconfigure its existing facility. (Sec. 5) The bill allows a person chosen to fill a commissioner's vacancy on the FCC to continue to serve after the expiration of the fixed term of the commissioner that the person succeeds until a successor has taken office. But the person filling the vacancy may not
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Sponsored by: Sen. Bill Nelson
Committee On Commerce, Science, And Transportation. Reported By Senator Thune With An Amendment In The Nature Of A Substitute. With Written Report No. 114-355. on 09/20/2016
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US Congress 114th Congress
Federal Reserve Transparency Act of 2015 [S.264]
[Finance ]
[Budget and Spending ]
[Taxes ]
[Consumer Protection ]
[Housing ]
Federal Reserve Transparency Act of 2015 This bill directs the Government Accountability Office (GAO) to: (1) commence and complete an audit of the Board of Governors of the Federal Reserve System and of the Federal Reserve Banks within 12 months of enactment of this Act, and (2) report findings and conclusions to Congress within 90 days of completing the audit. The bill also repeals certain limitations upon such an audit. GAO shall audit and report on the review of loan files of homeowners in foreclosure in 2009 or 2010, required as part of the
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Sponsored by: Sen. Chuck Grassley
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/27/2015