Corporate Finance And Management
US Congress 116th Congress
Stop Tax Haven Abuse Act [HB-1712]
[Finance ]
[Taxes ]
[International ]
[Trade ]
[Budget and Spending ]
[Small Business ]
[Law Enforcement ]
[Cybersecurity ]
[National Security ]
[Economic Development ]
[Crime ]
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 Act, treat certain foreign corporations
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Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 03/13/2019
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No Tax Breaks for Outsourcing Act [HB-1711]
[Taxes ]
[Finance ]
[Trade ]
[International ]
[Budget and Spending ]
[Small Business ]
[Economic Development ]
Modifies the tax treatment of the foreign source income of domestic corporations. The bill includes provisions that eliminate an exemption for certain returns from tangible investments made overseas, eliminate deductions for a domestic corporation's foreign-derived intangible income and global intangible low-taxed income, repeal a provision that excludes foreign oil and gas extraction income from the tested income of a controlled foreign corporation, limit the tax deduction for the interest expenses of a U.S. corporation that is a member of a financial
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Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 03/13/2019
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Stop Tax Haven Abuse Act [S.779]
[Finance ]
[Taxes ]
[International ]
[Trade ]
[Budget and Spending ]
[Small Business ]
[Law Enforcement ]
[Cybersecurity ]
[National Security ]
[Economic Development ]
[Crime ]
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 Act, treat certain foreign corporations
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Finance. on 03/13/2019
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No Tax Breaks for Outsourcing Act [S.780]
[Taxes ]
[Finance ]
[Trade ]
[International ]
[Budget and Spending ]
Modifies the tax treatment of the foreign source income of domestic corporations. The bill includes provisions that eliminate an exemption for certain returns from tangible investments made overseas, eliminate deductions for a domestic corporation's foreign-derived intangible income and global intangible low-taxed income, repeal a provision that excludes foreign oil and gas extraction income from the tested income of a controlled foreign corporation, limit the tax deduction for the interest expenses of a U.S. corporation that is a member of a financial
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Finance. on 03/13/2019
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A bill proposing an amendment to the Constitution of the United States to clarify the authority of Congress and the States to regulate corporations, limited liability companies, and other corporate entities established by the laws of any State, the United States, or any foreign state. [S.736]
[Consumer Protection ]
[Elections ]
[Ethics ]
Proposes a constitutional amendment declaring that (1) the rights enumerated in the Constitution and other rights retained by the people are the rights of natural persons and not corporate entities, and (2) corporate entities are subject to regulation consistent with the powers of Congress and the states.
Sponsored by: Sen. Jon Tester
Read Twice And Referred To The Committee On The Judiciary. on 03/11/2019
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To ensure election security, enhance Americans' access to the ballot box, reduce the influence of big money in politics through transparency, establish accountability and integrity measures for Congress, and strengthen ethics rules for public servants, and for other purposes. [HB-1612]
[Voting Rights ]
[Elections ]
[Cybersecurity ]
[Ethics ]
[National Security ]
[Data Privacy ]
Addresses voter registration, congressional redistricting, election security, political spending, and ethics for the three branches of government. The bill provides for the automatic registration of eligible voters. Voters must present identification to vote. The bill requires states to hold open primaries. The bill provides for states to establish independent, nonpartisan redistricting commissions. The bill also sets forth provisions related to election security, including sharing intelligence information with state election officials, protecting
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Sponsored by: Rep. Brian K. Fitzpatrick
Referred To The Subcommittee On The Constitution, Civil Rights, And Civil Liberties. on 04/12/2019
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Public Service Spending Integrity Act [HB-1626]
[Budget and Spending ]
[Ethics ]
[Public Safety ]
Restricts federal spending at businesses of the President, specified other officials, Members of Congress, or their family members. Specifically, the bill prohibits federal funds from being obligated or expended for purposes of procuring goods or services at any business owned or controlled by a covered individual or family member of such individual, except for security purposes. A covered individual is defined to include the President, the Vice President, the head of any executive department, and any individual occupying a position designated by
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Sponsored by: Rep. Raul Ruiz
Introduced In House on 03/07/2019
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No Bonuses in Bankruptcy Act of 2019 [HB-1557]
[Finance ]
[Labor, Jobs, Employment ]
[Consumer Protection ]
[Small Business ]
[Law Enforcement ]
[Economic Development ]
Prohibits debtors in bankruptcy proceedings from paying bonuses to certain individuals, including insiders (such as relatives) and highly compensated employees.
Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Antitrust, Commercial, And Administrative Law. on 04/08/2019
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American Cars, American Jobs Act of 2019 [S.683]
[Transportation and Motor Vehicles ]
[Taxes ]
[Energy ]
[Manufacturing ]
[Trade ]
[Consumer Protection ]
[Budget and Spending ]
[Economic Development ]
[Labor, Jobs, Employment ]
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: Sen. Sherrod Brown
Read Twice And Referred To The Committee On Finance. on 03/06/2019
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A resolution commending the Government of Canada for upholding the rule of law and expressing concern over actions by the Government of the People's Republic of China in response to a request from the United States Government to the Government of Canada for the extradition of a Huawei Technologies Co., Ltd. executive. [SR-96]
[International ]
[Trade ]
[Technology and Innovation ]
[Human Rights ]
[National Security ]
This resolution commends Canada for upholding the rule of law and complying with its obligations under its extradition treaty with the United States, in connection with Canada's arrest Meng Wanzhou, chief financial officer of Huawei Technologies Co., Ltd. It also expresses the Senate's concern over China's arbitrary and abusive treatment of Canadian nationals in response to Meng's detention, and calls for the immediate release of those individuals. (The United States requested the arrest of Meng, who stands accused of various crimes under U.S. law.)
Sponsored by: Sen. Robert Menendez
Resolution Agreed To In Senate Without Amendment And With A Preamble By Unanimous Consent. (consideration: Cr S2701; Text: Cr 3/6/2019 S1710) on 05/07/2019
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CORRUPT Act Curb Objectionable Redirection of Resources and Unconstitutional Payments to Trump Act [HB-1524]
[Ethics ]
[Public Safety ]
Establishes reporting requirements for federal agencies regarding funds spent at, or payments made to (1) properties controlled by the Trump Organization; or (2) an organization or business controlled by or associated with the President, a relative of the President, the head of an executive department, or an employee of the Trump Organization.
Sponsored by: Rep. Ted Lieu
Introduced In House on 03/05/2019
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Otto Warmbier Banking Restrictions Involving North Korea Act of 2019 [S.667]
[International ]
[Human Rights ]
[Finance ]
[National Security ]
[Human Services ]
[Law Enforcement ]
[Crime ]
Expands sanctions and reporting requirements related to North Korea and revises provisions related to combating human trafficking. The Department of the Treasury shall impose asset-related sanctions on persons that knowingly provide significant financial services to any person that is subject to various sanctions, including those covered in any United Nations Security Council (UNSC) resolution. The President may impose sanctions on persons that take certain actions related to North Korea, including knowingly (1) engaging in transactions in goods
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Sponsored by: Sen. Rob Portman
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/05/2019
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EMPOWER Act Ending the Monopoly of Power Over Workplace harassment through Education and Reporting Act [HB-1521]
[Labor, Jobs, Employment ]
[Taxes ]
[Human Rights ]
[Law Enforcement ]
[Education ]
[Small Business ]
[Public Safety ]
[Crime ]
Addresses policies and procedures related to claims of workplace harassment. Specifically, the bill makes it an unlawful practice (with exceptions regarding certain settlement or separation agreements) for an employer to (1) enter into a contract with an employee or applicant, as a condition of employment, promotion, compensation, benefits, or change in employment status or contractual relationship, if that contract contains a nondisparagement or nondisclosure clause that covers workplace harassment; and (2) enforce, or attempt to enforce, a nondisparagement
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Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On The Constitution, Civil Rights, And Civil Liberties. on 04/08/2019
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Presidential Accountability Act [HB-1481]
[Ethics ]
[Finance ]
Requires the President and Vice President to divest all financial interests that pose a conflict of interest and to make certain disclosures regarding any business enterprise in which the President, Vice President, or a close family member has a significant financial interest.
Sponsored by: Rep. Katherine M. Clark
Introduced In House on 03/04/2019
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Stop Corrupt Iranian Oligarchs and Entities Act [HB-1441]
[International ]
[Trade ]
[National Security ]
Directs the Department of the Treasury to report Congress on Iranian individuals and parastatal groups that have close relationships with the Iranian government, including information regarding (1) their known sources of income, (2) their indices of corruption, (3) their involvement in key U.S. economic sectors, (4) the structures and ownership of the parastatal groups, and (5) the potential effects of imposing sanctions on such entities and individuals.
Sponsored by: Rep. Alexander Mooney
Introduced In House on 02/28/2019
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EMPOWER Act—Part 1 Ending the Monopoly of Power Over Workplace harassment through Education and Reporting Act—Part 1 [S.575]
[Labor, Jobs, Employment ]
[Human Rights ]
[Law Enforcement ]
[Public Safety ]
[Crime ]
[Criminal Justice ]
[Education ]
Prohibits the use of nondisparagement and nondisclosure clauses that cover workplace harassment in employment contracts and directs the Equal Employment Opportunity Commission (EEOC) to take certain actions related to workplace harassment. Specifically, the bill prohibits the use of nondisparagement and nondisclosure clauses in employment contracts if such clauses cover workplace harassment, including sexual harassment or retaliation for reporting harassment. It also prohibits the enforcement or attempted enforcement of such clauses. Notwithstanding
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Sponsored by: Sen. Kamala D. Harris
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 02/27/2019
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Vladimir Putin Transparency Act [HB-1404]
[International ]
[National Security ]
[Finance ]
[Cybersecurity ]
Directs the Office of the Director of National Intelligence to report to Congress about Russian President Vladimir Putin. The report shall address topics including (1) Putin's estimated net worth and known assets; (2) methods he uses to conceal his assets, such as intermediaries and shell companies; and (3) the identities of the most significant Russian senior officials and oligarchs who help Putin hide his true financial condition.
Sponsored by: Rep. Steve Cohen
Received In The Senate And Read Twice And Referred To The Select Committee On Intelligence. on 03/13/2019
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Proposing an amendment to the Constitution of the United States providing that the rights extended by the Constitution are the rights of natural persons only. [HJR-48]
[Elections ]
[Voting Rights ]
[Finance ]
[Media and Advertising ]
[Technology and Innovation ]
[Artificial Intelligence ]
[Cybersecurity ]
[Data Privacy ]
[Consumer Protection ]
[Ethics ]
[Funding ]
[Law Enforcement ]
[National Security ]
[Public Safety ]
This joint resolution proposes a constitutional amendment providing that the rights protected by the Constitution are the rights of natural persons only. Artificial entities, such as corporations, shall have no rights under the Constitution and are subject to regulation. The amendment requires federal, state, and local government to (1) regulate, limit, or prohibit election contributions and expenditures, including a candidate's own contributions and expenditures; and (2) require that any permissible contributions and expenditures be publicly disclosed.
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Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On The Constitution, Civil Rights, And Civil Justice. on 03/22/2019
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Stop the Tax Hike on Charities and Places of Worship Act [S.501]
[Taxes ]
[Nonprofit ]
[Budget and Spending ]
[Religion ]
Modifies the requirements for determining the unrelated business taxable income of tax-exempt organizations. The bill repeals a provision that requires unrelated business taxable income to be increased by the amount of expenses paid or incurred by a tax-exempt organization for certain fringe benefits for which a tax deduction is not allowed, including benefits relating to transportation, parking, or an on-premises athletic facility. The bill also increases the corporate income tax rate from 21% to 22%.
Sponsored by: Sen. Sherrod Brown
Read Twice And Referred To The Committee On Finance. on 02/14/2019
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Stop the Tax Hike on Charities and Places of Worship Act [HB-1223]
[Taxes ]
[Nonprofit ]
[Budget and Spending ]
[Religion ]
Modifies the requirements for determining the unrelated business taxable income of tax-exempt organizations. The bill repeals a provision that requires unrelated business taxable income to be increased by the amount of expenses paid or incurred by a tax-exempt organization for certain fringe benefits for which a tax deduction is not allowed, including benefits relating to transportation, parking, or an on-premises athletic facility. The bill also increases the corporate income tax rate from 21% to 21.03%.
Sponsored by: Rep. Barbara Lee
Introduced In House on 02/14/2019