Business Records
US Congress 116th Congress
Consolidation Prevention and Competition Promotion Act of 2019 [S.307]
[Consumer Protection ]
[Trade ]
[Small Business ]
[Economic Development ]
Amends the Clayton Act to revise merger requirements. Specifically, the bill prohibits a merger that materially (currently, substantially) lessens competition in more than a de minimis amount or tends to create a monopsony (a market situation in which there is only one buyer); shifts the burden of proof to the merging companies to show that their consolidation will not harm competition; requires companies that enter into a settlement agreement with the Federal Trade Commission (FTC) or Department of Justice regarding a merger to report information
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Sponsored by: Sen. Cory A. Booker
Read Twice And Referred To The Committee On The Judiciary. on 01/31/2019
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Merger Enforcement Improvement Act [S.306]
[Consumer Protection ]
[Technology and Innovation ]
[Labor, Jobs, Employment ]
[Small Business ]
[Trade ]
[Economic Development ]
Modifies antitrust enforcement requirements regarding mergers. Specifically, the bill adjusts premerger notification filing fees; requires certain filers to report to the Federal Trade Commission (FTC) or to the relevant Assistant Attorney General on information that allows the government to assess the competitive impact of a merger; requires the FTC to study overlapping ownership or control by investors in certain markets; and requires the Government Accountability Office to assess the success of certain merger remedies and the impact of mergers
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Sponsored by: Sen. Cory A. Booker
Read Twice And Referred To The Committee On The Judiciary. on 01/31/2019
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Right Rebate Act of 2019 [S.205]
[Healthcare ]
[Medicare and Medicaid ]
[Pharmaceuticals ]
[Consumer Protection ]
Requires drug manufacturers with Medicaid rebate agreements for covered outpatient drugs to disclose drug product information. Manufacturers are subject to civil penalties for knowingly misclassifying drugs. Manufacturers are also required to compensate for rebates that were initially underpaid as a result of misclassification (whether or not such misclassification was committed knowingly).
Sponsored by: Sen. Robert P. Casey
Read Twice And Referred To The Committee On Finance. on 01/24/2019
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ADD Act American Data Dissemination Act of 2019 [S.142]
[Technology and Innovation ]
[Consumer Protection ]
[Data Privacy ]
[Telecommunications ]
Requires the Federal Trade Commission to recommend legislative action and propose regulations to impose privacy requirements on providers of internet services. Such regulations shall restrict a provider from disclosing a user's records, provide a user with the right to access and correct records maintained by a provider, establish practices for the collection and maintenance of records, and exempt certain small providers from the regulations' requirements.
Sponsored by: Sen. Marco Rubio
Read Twice And Referred To The Committee On Commerce, Science, And Transportation. on 01/16/2019
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Prescription Drug Price Relief Act of 2019 [S.102]
[Healthcare ]
[Pharmaceuticals ]
[Medicare and Medicaid ]
[Consumer Protection ]
[Public Health ]
Establishes a series of oversight and disclosure requirements relating to the prices of brand-name drugs. Specifically, the bill requires the Department of Health and Human Services (HHS) to review at least annually all brand-name drugs for excessive pricing; HHS must also review prices upon petition. If any such drugs are found to be excessively priced, HHS must (1) void any government-granted exclusivity; (2) issue open, nonexclusive licenses for the drugs; and (3) expedite the review of corresponding applications for generic drugs and biosimilar
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Sponsored by: Sen. Cory A. Booker
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 01/10/2019
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Small Business Credit Protection Act [S.84]
[Small Business ]
[Data Privacy ]
[Consumer Protection ]
[Cybersecurity ]
[Technology and Innovation ]
Establishes requirements related to breaches of data belonging to small businesses. Specifically, a consumer reporting agency must promptly report any breach of nonpublic small business data. In the event of a breach, a consumer reporting agency may not charge a small business for a credit report.
Sponsored by: Sen. Marco Rubio
Committee On Small Business And Entrepreneurship. Hearings Held. on 02/13/2019
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Keeping Health Insurance Affordable Act of 2019 [S.3]
[Healthcare ]
[Medicare and Medicaid ]
[Pharmaceuticals ]
[Insurance ]
[Public Health ]
Alters and establishes several programs relating to health insurance and prescription drugs. Specifically, the bill requires the Department of Health and Human Services (HHS) to establish a public health insurance option through health insurance exchanges. The bill sets forth corresponding implementing provisions, including criteria for payment rates and provider participation. (For example, initial payment rates for providers and services must be set at the same rates as under Medicare; HHS may subsequently alter payment rates in accordance with
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Sponsored by: Sen. Benjamin L. Cardin
Read Twice And Referred To The Committee On Finance. on 01/03/2019
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US Congress 116th Congress
Expressing the sense of Congress that financial institutions and other companies should work proactively with their customers affected by the shutdown of the Federal Government who may be facing short-term financial hardship and long-term damage to their creditworthiness through no fault of their own. [HR-77]
[Finance ]
[Consumer Protection ]
[Budget and Spending ]
[Economic Development ]
This resolution expresses the sense of Congress that financial institutions and other entities should take steps to mitigate the financial hardships faced by customers and tenants as a result of any federal government shutdown, including the shutdown that began on December 22, 2018.
Sponsored by: Rep. Maxine Waters
Ms. Waters Moved To Suspend The Rules And Agree To The Resolution, As Amended. on 01/29/2019
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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
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Sponsored by: Rep. Ted Lieu
Referred To The Subcommittee On Health. on 03/14/2019
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Stop Price Gouging Act [HB-1093]
[Pharmaceuticals ]
[Healthcare ]
[Taxes ]
[Consumer Protection ]
[Medicare and Medicaid ]
[Public Health ]
Imposes an excise tax on pharmaceutical companies that sell prescription drugs that are subject to price spikes that exceed the annual percentage increase in the Chained Consumer Price Index. For each taxable prescription drug, the excise tax ranges from 50% to 100% of price spike revenue received by the company, depending on the size of the price spike and including an adjustment for revenue that is due solely to an increase in the cost of the inputs necessary to manufacture the drug. Pharmaceutical companies must submit specified data regarding
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Sponsored by: Rep. Mark Pocan
Introduced In House on 02/07/2019
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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
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Sponsored by: Rep. Darin LaHood
Introduced In House on 02/07/2019
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Protecting America’s Workers Act [HB-1074]
[Labor, Jobs, Employment ]
[Public Safety ]
[Workers' Compensation ]
[Law Enforcement ]
[Mining ]
Expands the coverage of requirements governing workplace safety and health to include protection for federal, state, and local government employees. However, the bill does not cover working conditions otherwise covered by federal requirements for mine safety and health. The bill revises requirements governing worker protection, including by expanding protections for whistle-blowers, such as protections for employees who refuse to perform work because they reasonably believe the work would result in serious injury or illness and for employees who
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Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 02/07/2019
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Corporate Political Disclosure Act of 2019 [HB-1053]
[Finance ]
[Elections ]
[Funding ]
[Law Enforcement ]
[Public Safety ]
[Consumer Protection ]
Requires issuers of securities to, on an annual basis, publicly disclose political activity expenditures made during the previous year. The Securities and Exchange Commission must issue regulations to carry out this bill.
Sponsored by: Rep. Zoe Lofgren
Introduced In House on 02/07/2019
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PREPARED Act Providing Responsible Emergency Plans for Animals at Risk of Emerging Disasters Act [HB-1042]
[Animals ]
[Disaster Relief ]
[Public Safety ]
Establishes requirements governing the care of animals by entities, such as zoos, in emergencies or disasters. Specifically, the bill requires each research facility, dealer, exhibitor, intermediate handler, and carrier to develop and follow a contingency plan to provide for the humane handling, treatment, transportation, housing, and care of their animals in the event of an emergency or disaster.
Sponsored by: Rep. Sean Patrick Maloney
Referred To The Subcommittee On Livestock And Foreign Agriculture. on 03/01/2019
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To streamline requirements for currency transaction reports and suspicious activity reports, and for other purposes. [HB-1039]
[Finance ]
[Law Enforcement ]
[Cybersecurity ]
[Technology and Innovation ]
[Criminal Justice ]
[Crime ]
Directs the Department of Treasury to review requirements regarding currency-transaction reports and suspicious-activity reports, including their usefulness to law enforcement and ways to reduce regulatory burdens on financial institutions.
Sponsored by: Rep. Denver Riggleman
Introduced In House on 02/07/2019
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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
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Improving Corporate Governance Through Diversity Act of 2019 [HB-1018]
[Race and Civil Rights ]
[Labor, Jobs, Employment ]
[Veterans ]
[Human Rights ]
Requires certain issuers of securities to disclose the racial, ethnic, and gender composition of their boards of directors and executive officers, as well as the status of any of those directors and officers as a veteran. It also requires the disclosure of any plan to promote racial, ethnic, and gender diversity among these groups.
Sponsored by: Rep. Barbara Lee
Committee Consideration And Mark-up Session Held. on 07/11/2019
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Home Loan Quality Transparency Act of 2019 [HB-963]
[Finance ]
[Housing ]
[Real Estate ]
[Consumer Protection ]
[Small Business ]
Expands requirements for public disclosures by depository institutions and credit unions regarding mortgages and home equity lines of credit. Specifically, institutions originating fewer than 500 mortgage loans or open-end lines of credit annually are no longer exempt from certain financial reporting.
Sponsored by: Rep. Janice D. Schakowsky
Introduced In House on 02/05/2019
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To prohibit consumer reporting agencies from including adverse information in certain consumer reports, and from making adverse determinations relating to security clearances, with respect to certain individuals affected by the Government shutdown, and for other purposes. [HB-953]
[Consumer Protection ]
[Finance ]
[Labor, Jobs, Employment ]
[National Security ]
[Data Privacy ]
Prohibits consumer reporting agencies from including certain adverse credit information in a consumer report. Specifically, adverse credit information relating to certain employees affected by a federal government shutdown may not be included in a consumer report. The bill also prohibits the head of an agency from making adverse security clearance or access determinations for an individual solely due to their failure to make debt payments as a result of a federal government shutdown.
Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 02/04/2019
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SECURE Firearm Storage Act Safety Enhancements for Communities Using Reasonable and Effective Firearm Storage Act [HB-939]
[Firearms/Gun Control ]
[Crime ]
[Public Safety ]
Establishes security requirements for the business premises of a licensed firearms importer, manufacturer, or dealer. Specifically, when the premises are closed for business, an importer, manufacturer, or dealer must secure the firearms inventory and securely store paper business records. A violator is subject to penalties—a civil fine, suspension or revocation of a license, or both a civil fine and suspension or revocation of a license.
Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Crime, Terrorism, And Homeland Security. on 03/22/2019