Corporate Finance And Management
US Congress 116th Congress
Prohibiting Incentives for Corporations that Kickout Employees Tax (PICKET) Act [S.1548]
[Taxes ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Small Business ]
Increases the corporate income tax rate from 21% to 35% for corporations participating in a labor lockout during the taxable year. A "labor lockout" is a dispute involving a work stoppage, wherein an employer withholds work from its employees in order to gain a concession from them. The bill also denies certain tax deductions and credits for remuneration (including wages or other benefits) paid by the taxpayer to a temporary replacement worker during a labor lockout.
Sponsored by: Sen. Jon Tester
Read Twice And Referred To The Committee On Finance. on 05/20/2019
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Department of Defense Ethics and Anti-corruption Act of 2019 [S.1503]
[Defense ]
[Ethics ]
[National Security ]
[Law Enforcement ]
[Military ]
[Budget and Spending ]
Addresses the conduct of Department of Defense (DOD) officials regarding relationships with military contractors. With respect to certain DOD officials involved in contracting, the bill increases the following: (1) the period during which an official leaving DOD and seeking compensation from a contractor must obtain an ethics opinion concerning post-employment restrictions, (2) the length of time such requests must be retained in a central repository, and (3) the frequency of Inspector General reviews of providing and retaining opinions. Each procurement
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Sponsored by: Sen. Elizabeth Warren
Read Twice And Referred To The Committee On Armed Services. on 05/16/2019
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A bill to amend title 31, United States Code, to provide for the issuance of Green Bonds and to establish the United States Green Bank, and for other purposes. [S.1528]
[Climate Change ]
[Energy ]
[Environmental ]
[Finance ]
[Funding ]
[Grants ]
[Infrastructure ]
[Budget and Spending ]
Establishes a U.S. Green Bank to finance climate change mitigation and adaptation projects at the state and local level by capitalizing regional, state, and municipal green banks. The Department of the Treasury must issue green bonds to provide the bank with (1) an initial capitalization of $10 billion; and (2) additional capitalization, upon the bank's request, of no more than $50 billion in aggregate at any one time. The bill also establishes in the Treasury a revolving Green Bank Establishment Fund.
Sponsored by: Sen. Edward J. Markey
Read Twice And Referred To The Committee On Finance. on 05/16/2019
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Transit Infrastructure Vehicle Security Act [HB-2739]
[Transportation and Motor Vehicles ]
[Infrastructure ]
[Cybersecurity ]
[Technology and Innovation ]
[Trade ]
[National Security ]
[Public Safety ]
Prohibits the awarding of a contract to an entity for the procurement of rolling stock for use in public transportation if the manufacturer of the rolling stock is (1) incorporated or has manufacturing facilities in the United States; and (2) is owned or controlled by an entity based in a country that is identified as a nonmarket economy country, was identified by the Office of the U.S. Trade Representative (USTR) as a priority foreign country (e.g., a country that does not protect intellectual property rights), and is subject to monitoring by the
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Sponsored by: Rep. Sean Patrick Maloney
Referred To The Subcommittee On Highways And Transit. on 05/16/2019
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Protecting Europe’s Energy Security Act of 2019 [S.1441]
[Energy ]
[International ]
[Trade ]
[National Security ]
[Cybersecurity ]
Establishes sanctions related to the provision of vessels for the construction of Russian energy export pipelines. The Department of State must report to Congress (1) a list of vessels engaged in below sea-level pipe laying for the construction of the Nord Stream 2 pipeline, the TurkStream pipeline, or any successor projects; and (2) a list of foreign individuals and entities that knowingly provided or facilitated the provision of the vessels for such pipeline construction. The State Department shall impose property- and visa-blocking sanctions
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Sponsored by: Sen. Cory Gardner
Committee On Foreign Relations. Ordered To Be Reported With An Amendment In The Nature Of A Substitute Favorably. on 07/31/2019
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Ban Conflicted Trading Act [S.1393]
[Ethics ]
Prohibits a Member of Congress or certain congressional officers or employees from (1) purchasing or selling specified investments, (2) entering into a transaction that creates a net short position in a security, or (3) serving as an officer or member of any board of any for-profit entity.
Sponsored by: Sen. Jeff Merkley
Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 05/09/2019
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Fair Accountability and Innovative Research Drug Pricing Act of 2019 [S.1391]
[Pharmaceuticals ]
[Healthcare ]
[Consumer Protection ]
Requires manufacturers to report about certain price increases for prescription drugs and biological products with a wholesale cost of at least $100 per month. Such reports must include, among other information (1) the percentage price increase, (2) a justification for such increase, (3) the price history of the drug, (4) the total cost to develop the drug, and (5) the total revenue and net profit generated from the drug.
Sponsored by: Sen. Angus S. King
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 05/09/2019
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To amend the Federal Deposit Insurance Act to clarify the definition of a deposit broker, and for other purposes. [HB-2572]
[Finance ]
[Retirement ]
Excludes certain affiliated broker-dealers that service retirement accounts and other similar plans from requirements applicable to brokered deposits.
Sponsored by: Rep. Bill Foster
Introduced In House on 05/08/2019
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Corporate Transparency Act of 2019 [HB-2513]
[Finance ]
[Small Business ]
[Crime ]
[Real Estate ]
[Technology and Innovation ]
[Cybersecurity ]
[National Security ]
[Economic Development ]
[Data Privacy ]
Generally addresses the disclosure of corporate ownership and the prevention of money laundering and the financing of terrorism. DIVISION A--CORPORATE TRANSPARENCY ACT OF 2019 Corporate Transparency Act of 2019 This division requires certain new and existing small corporations and limited liability companies to disclose information about their beneficial owners. A beneficial owner is an individual who (1) exercises substantial control over a corporation or limited liability company, (2) owns 25% or more of the interest in a corporation or limited
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Sponsored by: Rep. Gregory W. Meeks
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 10/23/2019
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COUNTER Act of 2019 Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform Act of 2019 [HB-2514]
[Finance ]
[Crime ]
[Real Estate ]
[Inflation ]
[National Security ]
[Cybersecurity ]
Generally revises requirements related to anti-money-laundering and counter-terrorism-financing laws. Among other things, the bill establishes new offices within financial regulatory agencies related to privacy and civil liberties; creates programs within the Department of the Treasury to enable foreign and domestic outreach regarding these laws; allows for increased information sharing between law enforcement, financial institutions, and financial regulators; and revises whistleblower incentives related to actions brought by the Financial Crimes
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Sponsored by: Rep. Steve Stivers
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 10/29/2019
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American Cars, American Jobs Act of 2019 [HB-2510]
[Transportation and Motor Vehicles ]
[Taxes ]
[Energy ]
[Manufacturing ]
[Trade ]
[Labor, Jobs, Employment ]
[Consumer Protection ]
[Budget and Spending ]
[Economic Development ]
Establishes in the National Highway Traffic Safety Administration the American Cars, American Jobs Program. Under the program, the Department of Transportation must issue vouchers of $3,500 to offset the purchase or lease price of a new automobile made in the United States if at least 45% of the automobile's parts come from the United States or Canada and assembly of the automobile occurs in the United States. The amount of the voucher for new qualified plug-in electric drive motor vehicles is $4,500. The bill amends the Internal Revenue Code to
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Sponsored by: Rep. Janice D. Schakowsky
Referred To The Subcommittee On Consumer Protection And Commerce. on 05/03/2019
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Combating Global Corruption Act of 2019 [S.1309]
[International ]
[Human Rights ]
[Ethics ]
[Funding ]
[Grants ]
[National Security ]
[Law Enforcement ]
Requires the Department of State to develop a program to combat corruption in countries that receive U.S. aid. The State Department shall annually report to Congress a tiered list of all countries that receive certain U.S. foreign assistance. The first tier shall contain countries that meet minimum standards for combatting public corruption, while the second tier shall contain countries that do not comply but are making significant efforts to do so. Third-tier countries do not meet the minimum anti-corruption standards and are not making significant
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Sponsored by: Sen. Susan M. Collins
Message On Senate Action Sent To The House. on 12/23/2019
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Clean Energy for America Act [S.1288]
[Energy ]
[Taxes ]
[Climate Change ]
[Environmental ]
[Budget and Spending ]
Modifies,extends, or terminates several existing energy-related tax incentives to provide consolidated tax deductions and credits for the production of or investment in clean electricity, the production of clean transportation fuels, and energy efficient homes and commercial buildings. The new tax incentives are technology-neutral and the amounts of the credits or deductions vary based on the levels of carbon emissions for the incentives for electricity and fuels or energy efficiency in the case of the incentives for energy efficient homes and commercial
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Sponsored by: Sen. Dianne Feinstein
Read Twice And Referred To The Committee On Finance. on 05/02/2019
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Fentanyl Sanctions Act [HB-2483]
[International ]
[Crime ]
[National Security ]
[Pharmaceuticals ]
[Overdose Prevention ]
[Public Health ]
[Healthcare ]
Establishes programs to address illicit opioid trafficking and imposes sanctions on foreign individuals and entities involved in such activities. The President shall impose sanctions on foreign individuals and entities identified as opioid traffickers or those that own, control, or supply opioid precursors. The sanctions include bans on (1) receiving loans, (2) foreign exchange transactions, (3) property transactions, and (4) certain investments that fall under U.S. jurisdiction. The President may waive sanctions on certain parties for national
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Sponsored by: Rep. Sean Patrick Maloney
Referred To The Subcommittee On Crime, Terrorism, And Homeland Security. on 05/31/2019
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Medicare for America Act of 2019 [HB-2452]
[Healthcare ]
[Medicare and Medicaid ]
[Reproductive Rights / Abortion ]
[Pharmaceuticals ]
[Taxes ]
[Public Health ]
Establishes several health insurance programs and otherwise modifies certain requirements relating to health care coverage, costs, and services. In particular, the bill establishes a national health insurance program to be administered by the Department of Health and Human Services (HHS). Among other requirements, the program must (1) cover all U.S. residents; (2) cover specified items and services, including hospital services, prescription drugs, dental services, and home- and community-based long-term care; and (3) be fully implemented in 2023.
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Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Courts, Intellectual Property, And The Internet. on 05/31/2019
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PCAOB Enforcement Transparency Act of 2019 [S.1256]
[Finance ]
[Consumer Protection ]
Makes Public Company Accounting Oversight Board disciplinary proceedings open to the public unless the board, on its own motion or after considering the motion of a party, orders otherwise.
Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/30/2019
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Drain the Swamp and the President’s Assets Act [HB-2027]
[Ethics ]
Prohibits the President from holding any asset that would be considered a disqualifying financial interest under applicable criminal code provisions. The President may place any such asset into a blind trust, and the trustee or other entity who is involved in the management or control of the blind trust shall divest the blind trust of such asset. A violation of this bill's prohibition constitutes an impeachable offense.
Sponsored by: Rep. Adriano Espaillat
Introduced In House on 04/02/2019
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Corporate Executive Accountability Act [S.1010]
[Crime ]
[Criminal Justice ]
[Public Safety ]
[Consumer Protection ]
[Data Privacy ]
Makes it unlawful for an executive officer of a corporation that generates more than $1 billion in annual revenue to negligently permit or fail to prevent violations of federal or state law. Specifically, such an executive officer is criminally liable for actions in which the corporation was (1) convicted or entered into a deferred or non-prosecution agreement for any crime; (2) found liable or entered into a settlement with a state or federal agency for the violation of any civil law if such a violation affects the health, safety, finances, or
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Sponsored by: Sen. Elizabeth Warren
Read Twice And Referred To The Committee On The Judiciary. on 04/03/2019
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More Efficient Tools to Realize Information for Consumers Act [HB-2296]
[Pharmaceuticals ]
[Consumer Protection ]
[Healthcare ]
To require reporting regarding certain drug price increases, and for other purposes.
Sponsored by: Rep. H. Morgan Griffith
Reported (amended) By The Committee On Energy And Commerce. H. Rept. 116-215. on 09/24/2019
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DISCLOSE Act of 2019 Democracy Is Strengthened by Casting Light On Spending in Elections Act of 2019 [S.1147]
[Elections ]
[Finance ]
[Voting Rights ]
[Cybersecurity ]
[Technology and Innovation ]
[Data Privacy ]
Expands prohibitions and requires additional disclosures related to political spending. Specifically, foreign nationals are further restricted regarding their involvement in election related activity, including by prohibiting their participation in the decision-making process regarding an election expenditure. Existing foreign money prohibitions are expanded to prohibit disbursements for paid internet or digital communications. The Federal Election Commission must perform an audit after each election cycle to determine the incidence of illicit foreign
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Sponsored by: Sen. Robert P. Casey
Read Twice And Referred To The Committee On Rules And Administration. on 04/11/2019