Corporate Finance And Management
US Congress 115th Congress
Capital Access for Small Business Banks Act [HB-2339]
[Finance ]
[Taxes ]
[Small Business ]
Capital Access for Small Business Banks Act This bill amends the Internal Revenue Code to allow a bank or a depository institution holding company which is an S corporation to: (1) have 500 shareholders (the current limit is 100 shareholders), and (2) issue qualified preferred bank stock. The bill makes a distribution of qualified preferred bank stock to a shareholder includible in the gross income of the shareholder and allows the bank or holding company to deduct the amount of such distribution.
Sponsored by: Rep. Lynn Jenkins
Introduced In House on 05/03/2017
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Giving Workers a Fair Shot Act [HB-2275]
[Labor, Jobs, Employment ]
[Finance ]
[Small Business ]
[Workers' Compensation ]
[Law Enforcement ]
[Pensions ]
[Crime ]
Giving Workers a Fair Shot Act This bill amends the Fair Labor Standards Act of 1938 to require employers to provide their employees with specified information concerning their pay, leave time, and eligibility for the minimum wage and overtime pay. Employers who fail to provide required information are subject to fines. The bill revises the definition of "supervisor" under the National Labor Relations Act to prevent the over classification of employees as supervisors for the purpose of limiting the number of employees eligible to join a union. The
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Sponsored by: Rep. Jared Polis
Introduced In House on 05/01/2017
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Directing certain officials of the executive branch to provide information to the House of Representatives that will enable the House to meet its constitutional responsibility to conduct oversight of the executive branch by investigating potential conflicts of interests of President Donald J. Trump. [HR-286]
[Ethics ]
[Law Enforcement ]
Directing certain officials of the executive branch to provide information to the House of Representatives that will enable the House to meet its constitutional responsibility to conduct oversight of the executive branch by investigating potential conflicts of interests of President Donald J. Trump. Declares that the House of Representatives directs President Trump to: (1) transmit to the House of Representatives copies of any document, correspondence, or other communication in possession of the Executive Office of the President that refers or relates
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Sponsored by: Rep. Katherine Clark
Referred To The Subcommittee On Economic Development, Public Buildings And Emergency Management. on 05/23/2017
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Financial CHOICE Act of 2017 [HB-10]
[Finance ]
[Insurance ]
[Small Business ]
[Consumer Protection ]
[Investments ]
[Housing ]
[Real Estate ]
[Budget and Spending ]
[Taxes ]
[Technology and Innovation ]
[Trade ]
[Economic Development ]
[Senior Citizens ]
[Retirement ]
Financial CHOICE Act of 2017 (Sec. 2) This bill repeals provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and other laws. Any rule that was issued or revised pursuant to a provision repealed by the bill is nullified. TITLE I--ENDING "TOO BIG TO FAIL" AND BANK BAILOUTS Subtitle A--Repeal of the Orderly Liquidation Authority (Sec. 111) The bill repeals the orderly liquidation authority of the Federal Deposit Insurance Corporation (FDIC). The FDIC's orderly liquidation authority, as established under the Dodd-Frank Act, allows
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Sponsored by: Rep. Alexander Mooney
Committee On Banking, Housing, And Urban Affairs. Hearings Held. Hearings Printed: S.hrg. 115-108. on 07/13/2017
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Multi-Employer Pension Plan Partnership Act of 2017 [HB-2117]
[Pensions ]
[Retirement ]
[Labor, Jobs, Employment ]
Multi-Employer Pension Plan Partnership Act of 2017 This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to permit multiemployer pension plans that are in critical status and not expected to emerge from the status by the end of the rehabilitation period to adopt rules to forestall or avoid insolvency by revising the plan's terms and conditions for computing an employer's withdrawal liability. Any such rule becomes effective 90 days after adoption unless the corporation disapproves it before the end of the 90-day period (subject
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Sponsored by: Rep. Bill Pascrell
Introduced In House on 04/25/2017
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Prior Approval Reform Act [HB-2101]
[Elections ]
Prior Approval Reform Act This bill amends the Federal Election Campaign Act of 1971 to allow a trade association or a separate segregated fund established by a trade association to solicit contributions from a member corporation's stockholders and executive or administrative personnel and their families without the approval of the member corporation. Such a solicitation may be made by more than one trade association in a calendar year.
Sponsored by: Rep. Alexander Mooney
Introduced In House on 04/17/2017
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Tax Fairness and Transparency Act [HB-2057]
[Finance ]
[Taxes ]
[International ]
Tax Fairness and Transparency Act This bill amends the Internal Revenue Code to limit the tax deduction of the interest expense of a U.S. corporation that is a member of a financial reporting group (a group that prepares consolidated financial statements according to accepted accounting principles or international financial reporting standards) to: (1) the amount of interest on indebtedness of the corporation includible in the corporation's gross income for the taxable year plus its proportionate share of the group's net interest expense in the
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 04/06/2017
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To amend the Iran Threat Reduction and Syria Human Rights Act of 2012 to modify the requirement to impose sanctions with respect to the provision of specialized financial messaging services to the Central Bank of Iran and other sanctioned Iranian financial institutions, and for other purposes. [HB-2081]
[International ]
[Finance ]
[National Security ]
[Human Rights ]
To amend the Iran Threat Reduction and Syria Human Rights Act of 2012 to modify the requirement to impose sanctions with respect to the provision of specialized financial messaging services to the Central Bank of Iran and other sanctioned Iranian financial institutions, and for other purposes. This bill changes the current discretionary authority to a requirement that the President impose sanctions under the Iran Threat Reduction and Syria Human Rights Act of 2012 with respect to the provision of specialized financial messaging services to the Central
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Sponsored by: Rep. David Schweikert
Referred To The Subcommittee On Immigration And Border Security. on 05/01/2017
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Stop Tax Haven Abuse Act [HB-1932]
[Finance ]
[Taxes ]
[Trade ]
[Small Business ]
[Cybersecurity ]
[Economic Development ]
[Law Enforcement ]
[National Security ]
[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: Rep. Raul Grijalva
Introduced In House on 04/05/2017
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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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Corporate EXIT Fairness Act Corporate EXpatriates and Inverters Tax Fairness Act [HB-1931]
[Taxes ]
[Trade ]
[International ]
[Finance ]
[Small Business ]
Corporate EXIT Fairness Act Corporate EXpatriates and Inverters Tax Fairness Act This bill amends the Internal Revenue Code to set forth rules governing corporate inversions (i.e., the practice of relocating a domestic corporation's legal domicile to a lower-tax nation while retaining its business activities in the higher-tax country of origin) and corporate expatriations. Specifically, the bill requires payment of tax on the deferred overseas profits of U.S. multinational corporations or partnerships before they reincorporate or organize in a foreign
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 04/05/2017
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Coal Cleanup Taxpayer Protection Act [S.800]
[Energy ]
[Environmental ]
[Mining ]
[Budget and Spending ]
[Public Lands and National Parks ]
Coal Cleanup Taxpayer Protection Act This bill amends the Surface Mining Control and Reclamation Act to prohibit the Office of Surface Mining and Reclamation Enforcement (OSMRE) and state regulatory authorities from accepting new self-bonds for coal reclamation. Additionally, any existing self-bonds or corporate bonds utilized for coal reclamation must be converted to surety or collateral bonds. The OSMRE may approve state or federal alternative coal mining bond programs that result in no greater risk of financial liability to the federal government
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Energy And Natural Resources. on 03/30/2017
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Coal Cleanup Taxpayer Protection Act [HB-1819]
[Energy ]
[Environmental ]
[Mining ]
[Budget and Spending ]
[Public Lands and National Parks ]
Coal Cleanup Taxpayer Protection Act This bill amends the Surface Mining Control and Reclamation Act to prohibit the Office of Surface Mining and Reclamation Enforcement (OSMRE) and state regulatory authorities from accepting new self-bonds for coal reclamation. Additionally, any existing self-bonds or corporate bonds utilized for coal reclamation must be converted to surety or collateral bonds. The OSMRE may approve state or federal alternative coal mining bond programs that result in no greater risk of financial liability to the federal government
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Sponsored by: Rep. Raul Grijalva
Referred To The Subcommittee On Energy And Mineral Resources. on 04/11/2017
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Improving Access To Affordable Prescription Drugs Act [HB-1776]
[Healthcare ]
[Medicare and Medicaid ]
[Pharmaceuticals ]
[Consumer Protection ]
[Public Health ]
[Funding ]
[Grants ]
[Taxes ]
Improving Access To Affordable Prescription Drugs Act This bill amends provisions of various laws relating to prescription-drug pricing and affordability. Specifically, the bill: expands reporting requirements for drug manufacturers and establishes corresponding civil penalties for noncompliance; adds reporting requirements for certain nonprofit patient-assistance programs; requires the Government Accountability Office (GAO) to report to Congress on the impact of patient-assistance programs on prescription-drug pricing and expenditures; requires
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Sponsored by: Rep. Sean Maloney
Referred To The Subcommittee On Health. on 04/05/2017
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Improving Access To Affordable Prescription Drugs Act [S.771]
[Healthcare ]
[Medicare and Medicaid ]
[Pharmaceuticals ]
[Consumer Protection ]
[Public Health ]
[Funding ]
[Grants ]
[Taxes ]
Improving Access To Affordable Prescription Drugs Act This bill amends provisions of various laws relating to prescription-drug pricing and affordability. Specifically, the bill: expands reporting requirements for drug manufacturers and establishes corresponding civil penalties for noncompliance; adds reporting requirements for certain nonprofit patient-assistance programs; requires the Government Accountability Office (GAO) to report to Congress on the impact of patient-assistance programs on prescription-drug pricing and expenditures; requires
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Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. on 03/29/2017
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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