Credit And Credit Markets
US Congress 112th Congress
Faith-Based Lending Protection Act [HB-3745]
[Finance ]
[Religion ]
[Nonprofit ]
[Small Business ]
Faith-Based Lending Protection Act - Amends the Federal Credit Union Act to exempt loans made to nonprofit religious organizations from the limitations on the volume of loans credit unions can make to businesses.
Sponsored by: Rep. Corrine Brown
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 01/12/2012
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Investing in America's Small Businesses Act of 2011 [HB-3635]
[Small Business ]
[Finance ]
[Community Development ]
[Funding ]
[Grants ]
[Economic Development ]
Investing in America's Small Businesses Act of 2011 - Amends the Community Development Banking and Financial Institutions Act of 1994 to require the Community Development Financial Institutions Fund to make grants to community development financial institutions to enable such institutions to establish a loan-loss reserve fund to defray the costs of a small business loan program. Defines "small business loan program" as a program in which a community development financial institution offers loans to small businesses that: (1) are made in amounts
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Sponsored by: Rep. Henry C. Johnson
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 01/12/2012
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Financial Institutions Examination Fairness and Reform Act [HB-3461]
[Finance ]
[Consumer Protection ]
[Investments ]
Financial Institutions Examination Fairness and Reform Act - Amends the Federal Financial Institutions Examination Council Act of 1978 to require a federal financial institutions regulatory agency to make a final examination report to a financial institution within 60 days of the later of: (1) the exit interview for an examination of the institution, or (2) the provision of additional information by the institution relating to the examination. Sets a deadline for the exit interview if a financial institution is not subject to a resident examiner
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Sponsored by: Rep. Ted Poe
Subcommittee Hearings Held. on 02/01/2012
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Small Business Leg-Up Act of 2011 [HB-2807]
[Small Business ]
[Community Development ]
[Finance ]
[Economic Development ]
[Funding ]
[Grants ]
Small Business Lending to Entrepreneurs for Growth in Underserved Populations Act of 2011 or the Small Business Leg-Up Act of 2011 - Requires, upon the expiration of investment authority for the Small Business Lending Fund Program provided in the Small Business Jobs Act of 2010, that all unobligated funds in the Small Business Lending Fund be transferred to the Community Development Financial Institutions (CDFI) Fund. Directs that all funds received in connection with certain purchases of preferred stock and other financial instruments pursuant
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Sponsored by: Rep. Yvette D. Clarke
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 08/22/2011
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Stop Tax Haven Abuse Act [HB-2669]
[Finance ]
[Taxes ]
[Law Enforcement ]
[Cybersecurity ]
[National Security ]
[Small Business ]
[Consumer Protection ]
[Investments ]
[Crime ]
Stop Tax Haven Abuse Act - Authorizes the Secretary of the Treasury to impose restrictions on foreign jurisdictions or financial institutions operating in the United States that are of prime money laundering concern or that impede U.S. tax enforcement. Amends the Internal Revenue Code to: (1) 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 (FATCA), (2) treat certain foreign corporations managed and controlled primarily
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Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 08/22/2011
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Empowering Parents through Quality Charter Schools Act [HB-2218]
[Education ]
[Funding ]
[Grants ]
Empowering Parents through Quality Charter Schools Act - (Sec. 4) Revises subpart 1 (Charter School Programs) of part B (Public Charter Schools) of title V (Promoting Informed Parental Choice and Innovative Programs) of the Elementary and Secondary Education Act of 1965. (Sec. 5) Replaces the current charter school grant program with a program awarding grants to state entities (state educational agencies, state charter school boards, or Governors) and, through them, subgrants to charter school developers to open new charter schools and expand and
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Sponsored by: Rep. David P. Roe
Received In The Senate And Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 09/14/2011
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To instruct the Inspector General of the Federal Deposit Insurance Corporation to study the impact of insured depository institution failures, and for other purposes. [HB-2056]
[Finance ]
[Real Estate ]
[Budget and Spending ]
[Housing ]
[Community Development ]
[Economic Development ]
(Sec. 1) Directs the Inspector General (IG) of the Federal Deposit Insurance Corporation (FDIC) to study the impact of the failure of insured depository institutions. Prescribes study details, including: (1) the impact of loss-sharing agreements (LSAs) upon the insured depository institutions that survive and the borrowers of those insured depository institutions that fail; (2) FDIC policies and procedures for monitoring LSAs, including those designed to ensure that institutions are not imprudently selling assets at a depressed value; (3) FDIC policies
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Sponsored by: Rep. David Scott
Signed By President. on 01/03/2012
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Small Business Tax Relief and Retirement Restoration Act of 2011 [HB-1661]
[Taxes ]
[Small Business ]
[Retirement ]
Small Business Tax Relief and Retirement Restoration Act of 2011 - Amends the Internal Revenue Code to permit until December 31, 2011, penalty-free distributions from an individual retirement account (IRA) or a qualified employer plan for the purpose of making loans to a small business to purchase depreciable property to be used by such business or for employee salaries or wages (other than for bonuses). Requires such loans to be repaid to the IRA within five years.
Sponsored by: Rep. David N. Cicilline
Referred To The House Committee On Ways And Means. on 04/15/2011
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Small Business Lending Enhancement Act of 2011 [HB-1418]
[Finance ]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
Small Business Lending Enhancement Act of 2011 - Amends the Federal Credit Union Act to prohibit an insured credit union from making any member business loan that would result in the total amount of such loans outstanding at that credit union at any one time exceeding either: (1) 1.75 times the actual net worth of the credit union, or (2) 12.25% of the total assets of the credit union. Authorizes the National Credit Union Administration Board to approve an application by an insured credit union to make one or more member business loans that would
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Sponsored by: Rep. Ted Poe
Subcommittee Hearings Held. on 10/12/2011
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Small Business Lending Fund Accountability Act of 2011 [HB-1387]
[Small Business ]
[Finance ]
[Budget and Spending ]
Small Business Lending Fund Accountability Act of 2011 - Amends the Emergency Economic Stabilization Act of 2008 to give the Special Inspector General for the Troubled Asset Relief Program (TARP) oversight over the Small Business Lending Fund established under the Small Business Jobs Act of 2010.
Sponsored by: Rep. Darrell E. Issa
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 05/02/2011
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Small Business Credit Card Act of 2011 [HB-1137]
[Consumer Protection ]
[Finance ]
[Small Business ]
Small Business Credit Card Act of 2011 - Amends the Truth in Lending Act to cover any qualified small business as a consumer with respect to a credit card account under an open end credit plan (thereby extending credit card protections under such Act to small businesses). Defines "qualified small business" under the Act as any business concern having 50 or fewer employees, whether or not: (1) the credit card account is in the name of an individual or a business entity, and (2) any credit transaction involving such account is for business or personal
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Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 04/04/2011
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An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2011, revising the appropriate budgetary levels for fiscal year 2010, and setting forth the appropriate budgetary levels for fiscal years 2012 through 2015. [SCR-60]
[Budget and Spending ]
[Finance ]
[Taxes ]
[Social Security ]
[Medicare and Medicaid ]
[Healthcare ]
[Labor, Jobs, Employment ]
[Small Business ]
[Veterans ]
[Education ]
[Pensions ]
[Economic Development ]
[Funding ]
[Grants ]
[Children and Youth ]
[Senior Citizens ]
Sets forth the congressional budget for the federal government for FY2011, including the appropriate budgetary levels for FY2010 and FY2012-FY2015. Title I: Recommended Levels and Amounts - (Sec. 101) Lists recommended budgetary levels and amounts for FY2010-FY2015 with respect to: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits; (5) public debt; and (6) debt held by the public. (Sec. 102) Lists the appropriate levels of new budget authority, outlays, and administrative expenses for Social Security, U.S. Postal Service
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Sponsored by: Sen. Kent Conrad
Committee On The Budget. Original Measure Reported To Senate By Senator Conrad. Without Written Report. on 04/26/2010
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Authorizing the Regulation of Swaps Act [S.961]
[Finance ]
[Consumer Protection ]
Authorizing the Regulation of Swaps Act - Amends the Gramm-Leach-Bliley Act, the Securities Act of 1933, the Securities Exchange Act of 1934, the Commodity Futures Modernization Act of 2000, the Legal Certainty for Bank Products Act of 2000, and the Commodity Exchange Act to repeal prohibitions against regulation of credit default swaps and other swap agreements, whether traded on an exchange or over-the-counter, including commodity, equity, foreign currency, and interest rate swaps. Authorizes the Securities and Exchange Commission (SEC), the Commodity
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Sponsored by: Sen. Susan M. Collins
Sponsor Introductory Remarks On Measure. (cr S5067-5069) on 05/04/2009
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TARP Accountability Act of 2009 [S.928]
[Finance ]
[Budget and Spending ]
[Taxes ]
[Consumer Protection ]
[Economic Development ]
TARP Accountability Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 to require that the Secretary of the Treasury's 30-day Troubled Asset Relief Program (TARP) reports to Congress include information on the use of capital investments by each financial institution.
Sponsored by: Sen. Bob Corker
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/29/2009
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Credit Rating Agency Responsibility Act of 2009 [S.927]
[Finance ]
[Consumer Protection ]
Credit Rating Agency Responsibility Act of 2009 - Amends the Securities and Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC) to audit annually each nationally recognized statistical rating organization (NRSRO) to assure that the NRSRO is sufficiently disclosing its rating procedures and methodologies, they are sound, and it is adhering to them.
Sponsored by: Sen. Mark L. Pryor
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/29/2009
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Senior Investment Protection Act of 2009 [S.906]
[Consumer Protection ]
[Finance ]
[Senior Citizens ]
[Law Enforcement ]
[Grants ]
[Crime ]
Senior Investment Protection Act of 2009 - Directs the Attorney General to establish a program of grants to states to: (1) investigate and prosecute misleading and fraudulent marketing practices; or (2) develop educational materials and training aimed at reducing misleading and fraudulent marketing of financial products toward seniors.
Sponsored by: Sen. Claire McCaskill
Read Twice And Referred To The Committee On The Judiciary. on 04/28/2009
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A bill to award a congressional gold medal to Dr. Muhammad Yunus, in recognition of his contributions to the fight against global poverty. [S.846]
[International ]
[Poverty ]
[Human Rights ]
[Funding ]
[Grants ]
Directs the Speaker of the House of Representatives and the President pro tempore of the Senate to arrange for the presentation on behalf of Congress of a gold medal of appropriate design to Dr. Muhammad Yunus in recognition of his many enduring contributions to the fight against global poverty.
Sponsored by: Sen. Robert P. Casey
Signed By President. on 10/05/2010
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Improving Access to Mainstream Financial Institutions Act of 2009 [S.786]
[Finance ]
[Consumer Protection ]
[Labor, Jobs, Employment ]
[Poverty ]
[Funding ]
[Grants ]
[Native American Affairs ]
[Small Business ]
Improving Access to Mainstream Financial Institutions Act of 2009 - Authorizes the Secretary of the Treasury to award grants, including multi-year grants, to specified eligible entities to establish an account in a federally insured depository institution for low- and moderate-income individuals who currently do not have such an account. Includes among such eligible entities: (1) Alaska Native Corporations; (2) Native Hawaiian organizations; and (3) labor organizations. Authorizes the Secretary to award demonstration project grants to eligible entities
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Sponsored by: Sen. Charles E. Schumer
Sponsor Introductory Remarks On Measure. (cr S4316-4317) on 04/02/2009
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Financial System Stabilization and Reform Act of 2009 [S.664]
[Finance ]
[Consumer Protection ]
Financial System Stabilization and Reform Act of 2009 - Establishes an independent Financial Stability Council to: (1) review, and approve or prohibit issuance of, or require modification of, any rule or regulation issued by any federal financial regulator; (2) require each federal financial regulator to issue or revise its rules and regulations in conformance with the Council's determination; (3) review new financial products and services and recommend regulations for them to the appropriate federal financial regulator; and (4) direct each federal
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Sponsored by: Sen. Susan M. Collins
Sponsor Introductory Remarks On Measure. (cr S3611-3613) on 03/23/2009
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Financial Crisis Investigation Act of 2009 [S.400]
[Finance ]
[Housing ]
[Law Enforcement ]
[Consumer Protection ]
[Economic Development ]
Financial Crisis Investigation Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Oversight Panel of the Troubled Asset Relief Program (TARP) to: (1) investigate all causes, domestic and global, of the current financial and economic crisis in the United States, including the collapse of major financial and commercial firms and the deterioration of the credit and housing markets; (2) investigate the role in the financial and economic crisis, if any, of specified governmental and private sector entities; (3)
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Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/09/2009