Credit And Credit Markets
US Congress 111th Congress
Strengthening Entrepreneurship for America's Veterans Act of 2010 [S.3394]
[Veterans ]
[Small Business ]
[Funding ]
[Grants ]
[Economic Development ]
Strengthening Entrepreneurship for America's Veterans Act of 2010 - Amends the Small Business Act to direct the Associate Administrator for Veterans Business Development of the Small Business Administration (SBA) to establish an online mechanism to assist, and coordinate and leverage the work of, veterans' assistance providers. Requires the SBA Administrator to establish a veterans' business center program to provide financial assistance to private nonprofit organizations to conduct five-year projects for the benefit of small businesses owned and
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Sponsored by: Sen. Mary L. Landrieu
Sponsor Introductory Remarks On Measure. (cr S4087) on 05/20/2010
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Restoring American Financial Stability Act of 2010 [S.3217]
[Finance ]
[Insurance ]
[Consumer Protection ]
[Investments ]
Restoring American Financial Stability Act of 2010 - Financial Stability Act of 2010 - Establishes the Financial Stability Oversight Council to: (1) identify risks to the financial stability of the United States; (2) promote market discipline; and (3) respond to emerging threats to the stability of the United States financial markets. Establishes within the Department of the Treasury: (1) the Office of Financial Research (Office) to support the Financial Stability Oversight Council; and (2) the Financial Research Fund to fund the Office. Grants
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Sponsored by: Sen. Christopher J. Dodd
Returned To The Calendar. Calendar No. 349. on 05/25/2010
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Small Business Job Creation Act of 2010 [S.3103]
[Finance ]
[Small Business ]
[Trade ]
[Labor, Jobs, Employment ]
[International ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Economic Development ]
Small Business Job Creation Act of 2010 - Amends the Internal Revenue Code to: (1) extend an increase in expensing of certain depreciable business assets; and (2) provide an increased exclusion from realized gain for certain small business stock. Repeals: (1) the minimum tax preference for gains on the sale of certain small business stock; and (2) the 28% capital gains rate on qualified small business stocks. Increases the aggregate asset limitation for qualified small businesses. Small Business Job Creation and Access to Capital Act of 2010 - Amends
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Sponsored by: Sen. Olympia J. Snowe
Sponsor Introductory Remarks On Measure. (cr S1364-1367) on 03/10/2010
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Ending Taxpayer Bailouts by Making Wall Street Pay Act of 2010 [S.3052]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Insurance ]
[Economic Development ]
Ending Taxpayer Bailouts by Making Wall Street Pay Act of 2010 - Establishes the Systemic Resolution Fund, to be administered by the Federal Deposit Insurance Corporation (FDIC), to: (1) cover the costs of the FDIC, including as receiver, in exercising its rights, authorities, and powers, and in fulfilling its obligations and responsibilities; (2) repay initial capitalization appropriations; and (3) cover the costs of systemic stabilization purposes. Prohibits the use of amounts in the Fund to convert or maintain a financial company that is insolvent
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Sponsored by: Sen. Robert Menendez
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/01/2010
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Financial Markets Commission Act of 2009 [S.298]
[Finance ]
[Housing ]
[Consumer Protection ]
[Law Enforcement ]
[Economic Development ]
Financial Markets Commission Act of 2009 - Establishes in the legislative branch the Financial Markets Commission to: (1) examine 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; and (2) investigate the role in the crisis, if any, of the Securities and Exchange Commission (SEC), nationally recognized statistical rating organizations, the Commodity Futures Trading Commission (CFTC),
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/22/2009
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21st Century Charter School Act [S.2932]
[Education ]
[Funding ]
[Grants ]
[Children and Youth ]
21st Century Charter School Act - Amends the Charter School program of the Elementary and Secondary Education Act of 1965. Makes public and private nonprofit entities eligible for program grants. (Currently, state educational entities are eligible for such grants.) Allows grantees to award subgrants to charter school developers or nonprofit charter support organizations and award them multiple grants to support multiple campuses of a public charter school. Sets forth additional factors that are to work in favor of grant applicants, including that
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Sponsored by: Sen. David Vitter
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 01/20/2010
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Heartland Disaster Tax Relief Extension Act of 2009 [S.2928]
[Taxes ]
[Disaster Relief ]
[Budget and Spending ]
[Housing ]
[Real Estate ]
Heartland Disaster Tax Relief Extension Act of 2009 - Amends the Heartland Disaster Tax Relief Act of 2008 or the Internal Revenue Code to extend through 2010 certain tax provisions related to disaster relief, including: (1) credits to holders of disaster area tax credit bonds; (2) increased disaster zone education tax benefits; (3) penalty-free distributions from tax-exempt retirement plans for disaster-related expenses; (4) authority to adjust the tax status of taxpayers in a disaster area; (5) deductibility of losses, including net operating
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Sponsored by: Sen. Chuck Grassley
Read Twice And Referred To The Committee On Finance. (text Of Measure As Introduced: Cr S13883-13884) on 12/23/2009
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Small Business Lending Enhancement Act of 2009 [S.2919]
[Finance ]
[Small Business ]
[Budget and Spending ]
[Economic Development ]
Small Business Lending Enhancement Act of 2009 - Amends the Federal Credit Union Act to increase the total permissible amount of member business loans by an insured credit union (excluding those made to nonprofit religious organizations) to a limit of 25% of the credit union's total assets. Increases from $50,000 to $250,000 the maximum total extensions of credit a borrower or associated member of an insured credit union may have before any extension of credit shall be considered a member business loan. Directs the National Credit Union Administration
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Sponsored by: Sen. Susan M. Collins
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 12/21/2009
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Helping Small Business Succeed Act of 2009 [S.2918]
[Finance ]
[Small Business ]
[Budget and Spending ]
[Economic Development ]
[Funding ]
[Grants ]
Helping Small Business Succeed Act of 2009 - Amends the Small Business Act to increase maximum amounts of loans under the section 7(a) guaranteed loan program and the Microloan Program. Amends the Small Business Investment Act of 1958 to increase maximum amounts of loans to state and local development companies for plant acquisition, construction, conversion, and expansion. Increases the maximum loan guarantee percentage under the 7(a) program, effective until October 3, 2011. Amends the American Recovery and Reinvestment Act of 2009 to extend through
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Sponsored by: Sen. Arlen Specter
Sponsor Introductory Remarks On Measure. (cr S13699) on 12/21/2009
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A bill to require the Secretary of the Treasury to provide assistance to community depository institutions under the Public-Private Investment Program, and for other purposes. [S.2867]
[Finance ]
[Budget and Spending ]
[Small Business ]
[Investments ]
Instructs the Secretary of the Treasury to dedicate at least $30 billion out of amounts made available to implement the Troubled Asset Relief Program (TARP) in order to purchase troubled assets from community depository institutions under the Public-Private Investment Program. Directs the Comptroller General, the Special Inspector General for TARP, and the Congressional Oversight Panel to report to Congress their evaluations and findings on the status and performance of such assistance. Directs the chairperson of the board of directors of the Federal
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Sponsored by: Sen. Patty Murray
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 12/10/2009
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CREATE Growth and Jobs Act [S.2855]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
[Funding ]
[Grants ]
Credit Retains Employees And Triggers Economic Growth and Jobs Act of 2009 or the CREATE Growth and Jobs Act - Authorizes the Administrator of the Small Business Administration (SBA) to make a loan of up to $1.5 million for operation, acquisition, or expansion of an eligible small business concern that is fiscally sound and creditworthy but is not able to obtain credit elsewhere. Sets forth maximum loan terms and conditions. Limits the total of such loans in any fiscal year to $10 billion. Makes certain funds under the Troubled Asset Relief Program
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Sponsored by: Sen. Robert Menendez
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 12/09/2009
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A bill to extend certain housing-related deadlines in the Heartland Disaster Tax Relief Act of 2008. [S.2815]
[Housing ]
[Disaster Relief ]
[Taxes ]
[Retirement ]
Amends the Heartland Disaster Tax Relief Act of 2008 to extend through 2010 provisions of such Act allowing residents of the Midwestern disaster area to: (1) use amounts from tax-exempt retirement accounts without a tax penalty to purchase a new principal residence or repair an existing one; (2) recontribute amounts withdrawn for such purposes to such accounts; and (3) exclude from gross income income resulting from a cancellation of mortgage indebtedness incurred in such disaster area.
Sponsored by: Sen. Chuck Grassley
Sponsor Introductory Remarks On Measure. (cr S11885-11886) on 11/20/2009
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Taxpayer Protection Act [S.195]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Law Enforcement ]
[Criminal Justice ]
[Economic Development ]
[Funding ]
[Grants ]
[Public Safety ]
[Crime ]
Taxpayer Protection Act - Makes a federal financial entity (the Secretary of the Treasury, members of the Financial Institutions Examination Council, and the Federal Housing Finance Agency) that provides emergency economic assistance to any private entity subject to oversight, reporting, accountability, and transparency provisions of the Emergency Economic Stabilization Act of 2008. Requires monthly reports to Congress on the recipients of such assistance and the collateral provided. Requires the intended recipient of such assistance, before receiving
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Sponsored by: Sen. Jeanne Shaheen
Sponsor Introductory Remarks On Measure. (cr S239-244) on 01/09/2009
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Bank On Our Communities Act of 2009 [S.1822]
[Finance ]
[Small Business ]
[Community Development ]
[Economic Development ]
[Funding ]
Bank On Our Communities Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to provide that the needs and viability of insured depository institutions with total assets of less than $5 billion (small financial institutions) may be taken into account by the Secretary of the Treasury when exercising authority under EESA. Establishes within the Treasury the Community Credit Renewal Fund to provide up to $15 billion in assistance to community banking institutions. Prescribes the manner in which a community banking institution
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Sponsored by: Sen. Jeff Merkley
Sponsor Introductory Remarks On Measure. (cr S10641-10642) on 10/21/2009
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Federal Reserve Accountability Act of 2009 [S.1803]
[Finance ]
[Budget and Spending ]
[Taxes ]
[Consumer Protection ]
[Funding ]
Federal Reserve Accountability Act of 2009 - Authorizes the Comptroller General to conduct reviews of (including onsite examinations), and report to Congress on, the accounting, financial reporting, and internal controls of credit facilities established by the Board of Governors of the Federal Reserve System, or any Federal Reserve bank, including when such activities are implemented by or on behalf of the Board or any official of a Federal Reserve bank. Defines "credit facilities" as: (1) the Money Market Investor Funding Facility; (2) the Asset-Backed
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Sponsored by: Sen. Lamar Alexander
Sponsor Introductory Remarks On Measure. (cr S10573) on 10/20/2009
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Senior Investment Protection Act of 2009 [S.1661]
[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. Robert P. Casey
Read Twice And Referred To The Committee On The Judiciary. on 09/10/2009
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Next Step for Main Street Credit Availability Act of 2009 [S.1615]
[Finance ]
[Small Business ]
[Budget and Spending ]
[Economic Development ]
Next Step for Main Street Credit Availability Act of 2009 - Amends the Small Business Act to increase maximum amounts of loans under the section 7(a) guaranteed loan program and the Microloan Program. Amends the Small Business Investment Act of 1958 to increase maximum amounts of loans to state and local development companies for plant acquisition, construction, conversion, and expansion. Expresses the sense of Congress that the Administrator of the Small Business Administration (SBA) should establish a website that: (1) lists SBA lenders; and (2)
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Sponsored by: Sen. Olympia J. Snowe
Sponsor Introductory Remarks On Measure. (cr S9015) on 08/06/2009
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Federal Board of Certification Act of 2009 [S.1592]
[Finance ]
[Housing ]
[Consumer Protection ]
[Investments ]
Federal Board of Certification Act of 2009 - Establishes a Federal Board of Certification to certify that the mortgages within a security instrument meet the underlying standards they claim to meet with regards to such mortgage characteristics as: (1) documentation; (2) loan to value ratios; (3) debt service to income ratios; and (4) borrower credit standards and geographic concentration. States that the purpose of this certification process is to increase the transparency, predictability, and reliability of securitized mortgage products. Authorizes
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Sponsored by: Sen. Benjamin L. Cardin
Sponsor Introductory Remarks On Measure. (cr S9002-9003) on 08/06/2009
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Federal Reserve Credit Facility Review Act of 2009 [S.1457]
[Finance ]
[Budget and Spending ]
Federal Reserve Credit Facility Review Act of 2009 - Authorizes the Comptroller General to conduct reviews and onsite examinations of: (1) any credit facility established by the Federal Reserve Board or any federal reserve bank; and (2) such credit facility's establishment as the lender of last resort (including providing credit under enhancements to traditional lending facilities and credit facilities). Cites the credit facilities to which this Act applies. Grants the Comptroller General access to all records and property of any such credit facility,
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Sponsored by: Sen. Susan M. Collins
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 07/15/2009
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RATE Act [S.1073]
[Finance ]
[Consumer Protection ]
[Law Enforcement ]
[Investments ]
Rating Accountability and Transparency Enhancement Act of 2009 or the RATE Act - Amends the Securities Exchange Act of 1934 to require the Securities and Exchange Commission (SEC) to review credit ratings and methodologies employed by each nationally recognized statistical rating organization (NRSRO) to ensure that the NRSRO complies with its internal controls for determining credit ratings. Requires each NRSRO to establish establish and enforce governance procedures to manage conflicts of interest in accordance with SEC rules. Directs the SEC to
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Sponsored by: Sen. Jack Reed
Sponsor Introductory Remarks On Measure. (cr S5617) on 05/19/2009