Credit And Credit Markets
US Congress 114th Congress
Small Business Lending and Economic Inequality Reduction Act of 2015 [S.2125]
[Small Business ]
[Economic Development ]
[Finance ]
[Community Development ]
[Poverty ]
[Funding ]
Small Business Lending and Economic Inequality Reduction Act of 2015 This bill amends the Small Business Act to establish a Community Advantage Program, under which the Small Business Administration (SBA) may guarantee loans up to $350,000 made by specified kinds of institutions, including: development companies eligible for the state and local development company program, nonprofit intermediaries, non-federally regulated entities certified as community development financial institutions, and any other SBA-approved nonprofit organizations. At least
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Sponsored by: Sen. Dianne Feinstein
Read Twice And Referred To The Committee On Small Business And Entrepreneurship. (sponsor Introductory Remarks On Measure: Cr S7104-7105) on 10/01/2015
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Small Business Lending Enhancement Act of 2015 [S.2028]
[Finance ]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
Small Business Lending Enhancement Act of 2015 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: Sen. Jack Reed
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 09/10/2015
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Small Business Access to Capital Act of 2015 [S.1901]
[Finance ]
[Small Business ]
[Manufacturing ]
[Economic Development ]
[Funding ]
[Grants ]
Small Business Access to Capital Act of 2015 Amends the Small Business Jobs Act of 2010 to extend for an additional eight fiscal years the State Small Business Credit Initiative to assist participating states to give collateral support and other innovative credit access and guarantee initiatives for small businesses and manufacturers. Prescribes allocations of federal funds to participating states. Authorizes the Department of the Treasury to award, on a competitive basis, up to a total of $1 billion in two tranches, according to specified criteria,
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Sponsored by: Sen. Gary C. Peters
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 07/30/2015
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Veterans Small Business Ownership Improvements Act of 2015 [S.1866]
[Veterans ]
[Small Business ]
[Labor, Jobs, Employment ]
[Funding ]
[Grants ]
[Military ]
[Education ]
[Economic Development ]
Veterans Small Business Ownership Improvements Act of 2015 (Sec. 2) This bill amends the Small Business Act to establish the Boots to Business Program under which the Small Business Administration (SBA) shall provide entrepreneurship training to: members of the Armed Forces, individuals participating in the Transition Assistance Program (Department of Defense), individuals who served on active duty and who were discharged or released under conditions other than dishonorable, and their spouses or dependents. The SBA shall also establish a Women Veterans
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Sponsored by: Sen. Jeanne Shaheen
By Senator Vitter From Committee On Small Business And Entrepreneurship Filed Written Report Under Authority Of The Order Of The Senate Of 12/10/2016. Report No. 114-410. on 12/20/2016
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Microloan Modernization Act of 2015 [S.1857]
[Small Business ]
[Finance ]
[Funding ]
[Grants ]
[Economic Development ]
Microloan Modernization Act of 2015 (Sec. 2) This bill amends the Small Business Act with respect to the rule under the Small Business Administration (SBA) Microloan Program (assisting low-income individuals to start and operate a small business) that permits SBA-designated microloan intermediary lenders to expend up to 25% of the grant funds they receive from the SBA to provide information and technical assistance to small business concerns that are their prospective borrowers. (Sec. 3) The total amount of loans outstanding and committed to any
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Sponsored by: Sen. Gary C. Peters
Placed On Senate Legislative Calendar Under General Orders. Calendar No. 224. on 09/15/2015
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Sound Dollar Act of 2015 [S.1848]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
[Inflation ]
Sound Dollar Act of 2015 This bill amends the Federal Reserve Act (FRA) to direct the Board of Governors of the Federal Reserve System and the Federal Open Market Committee (FOMC) to: (1) pursue the goal of long-term price stability, and (2) establish metrics to evaluate whether long-term price stability is being achieved. The bill also prescribes procedures for the establishment and evaluation of such metrics. The Board and the FOMC shall: (1) make such information available to the public on a website, and (2) report to Congress each time such
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Sponsored by: Sen. Mike Lee
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 07/23/2015
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Superstorm Sandy Relief and Disaster Loan Program Improvement Act of 2015 [S.1811]
[Disaster Relief ]
[Small Business ]
[Funding ]
[Grants ]
[Construction ]
[Public Safety ]
[Economic Development ]
Superstorm Sandy Relief and Disaster Loan Program Improvement Act of 2015 (Sec. 3) This bill amends the Small Business Act to authorize a small business, homeowner, nonprofit entity, or renter that was located within a declared major disaster area during Superstorm Sandy in 2012 to apply for a Small Business Administration (SBA) loan to: (1) repair, rehabilitate, or replace property damaged or destroyed because of the storm; or (2) assist a small business that suffered substantial economic injury because of it. The SBA must select loan recipients
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Sponsored by: Sen. Cory A. Booker
By Senator Vitter From Committee On Small Business And Entrepreneurship Filed Written Report Under Authority Of The Order Of The Senate Of 12/10/2016. Report No. 114-409. on 12/20/2016
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National Disaster Tax Relief Act of 2015 [S.1795]
[Taxes ]
[Disaster Relief ]
[Budget and Spending ]
[Small Business ]
[Housing ]
[Construction ]
[Community Development ]
[Funding ]
[Grants ]
[Economic Development ]
National Disaster Tax Relief Act of 2015 Amends the Internal Revenue Code to provide tax relief for disasters declared in 2012, 2013, 2014, and 2015 by: allowing an election to expense qualified disaster expenses (i.e., for the abatement of hazardous substances, removal of debris, demolition, and repair of business-related property); increasing the tax deduction for charitable contributions for disaster relief for individual and corporate taxpayers; allowing through 2015 the deduction of losses and net operating losses attributable to disasters;
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Sponsored by: Sen. Cory A. Booker
Read Twice And Referred To The Committee On Finance. on 07/16/2015
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Stop Tax Haven Abuse Act [S.174]
[Finance ]
[Taxes ]
[International ]
[Trade ]
[Budget and Spending ]
[Small Business ]
[Law Enforcement ]
[National Security ]
[Cybersecurity ]
[Economic Development ]
[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 primary money laundering concern or that significantly impede U.S. tax enforcement. Amends the Internal Revenue Code to: expand reporting requirements for U.S. persons who hold an interest in a passive foreign investment company; establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under
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Sponsored by: Sen. Edward J. Markey
Read Twice And Referred To The Committee On Finance. on 01/13/2015
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Marijuana Businesses Access to Banking Act of 2015 [S.1726]
[Cannabis ]
[Finance ]
[Small Business ]
[Law Enforcement ]
[Criminal Justice ]
[Crime ]
Marijuana Businesses Access to Banking Act of 2015 This bill provides a safe harbor for depository institutions providing financial services to a marijuana-related legitimate business insofar as it prohibits a federal banking regulator from: (1) terminating or limiting the deposit or share insurance of a depository institution solely because it provides financial services to a marijuana-related legitimate business; or (2) prohibiting, penalizing, or otherwise discouraging a depository institution from offering such services. A federal banking regulator
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Sponsored by: Sen. Ron Wyden
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 07/09/2015
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Financial Regulatory Improvement Act of 2015 [S.1484]
[Finance ]
[Consumer Protection ]
[Small Business ]
[Insurance ]
[Investments ]
[Housing ]
[Real Estate ]
[Budget and Spending ]
Financial Regulatory Improvement Act of 2015 TITLE I--REGULATORY RELIEF AND PROTECTION OF CONSUMER ACCESS TO CREDIT (Sec. 101) This bill amends the Gramm-Leach-Bliley Act to exempt from the requirement to provide consumers with an annual written disclosure of their privacy policy certain financial institutions that provide nonpublic personal information to a nonaffiliated third party to perform services for or functions on behalf of the financial institution. (Sec. 102) The Federal Home Loan Bank Act is amended to set requirements for a credit union
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Sponsored by: Sen. Richard C. Shelby
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 07/23/2015
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Credit Union Residential Loan Parity Act [S.1440]
[Finance ]
[Housing ]
[Real Estate ]
[Small Business ]
[Consumer Protection ]
Credit Union Residential Loan Parity Act Amends the Federal Credit Union Act to revise the definition of "member business loan," which currently excludes an extension of credit fully secured by a lien on a 1- to 4-family dwelling that is a member's primary residence. Removes the condition that the dwelling be a member's primary residence, and so denying eligibility for a member business loan to any requested extension of credit that would be fully secured by a lien on a 1- to 4-family dwelling, regardless of whether it is or is not the member's
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Sponsored by: Sen. Edward J. Markey
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. (sponsor Introductory Remarks On Measure: Cr S3243; Text Of Measure As Introduced: Cr S3243) on 05/21/2015
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Bailout Prevention Act of 2015 [S.1320]
[Finance ]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
[Law Enforcement ]
[Economic Development ]
Bailout Prevention Act of 2015 This bill amends the Federal Reserve Act, with respect to the discounting of obligations arising out of actual commercial transactions, to declare a borrower ineligible to borrow from any emergency lending program or facility unless the Board of Governors of the Federal Reserve System and all federal banking regulators with jurisdiction over the borrower certify that, at the time the borrower initially borrows under the program or facility, the borrower is not insolvent. A borrower shall be deemed insolvent for such
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Sponsored by: Sen. Elizabeth Warren
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/13/2015
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Too Big To Fail, Too Big To Exist Act [S.1206]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
[Economic Development ]
Too Big To Fail, Too Big To Exist Act This bill directs the Financial Stability Oversight Council to compile and submit to the Secretary of the Treasury a list of entities that the Council deems Too Big To Fail (List), including U.S. bank holding companies the Financial Stability Board has identified as systemically important banks. The Secretary of the Treasury shall: (1) submit the List to Congress and the President, and (2) break up entities on the List so that their failure would no longer cause a catastrophic effect upon the U.S. or global
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Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/06/2015
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21st Century Charter School Act [S.102]
[Education ]
[Funding ]
[Grants ]
[Construction ]
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 01/07/2015
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Commending the cooperative owners and the employees of the Farm Credit System for their continuing service in meeting the credit and financial-services needs of rural communities and agriculture. [HR-591]
[Agriculture ]
[Finance ]
[Community Development ]
[Small Business ]
Commending the cooperative owners and the employees of the Farm Credit System for their continuing service in meeting the credit and financial-services needs of rural communities and agriculture. Commends the cooperative owners and the employees of the Farm Credit System for their continuing service in meeting the credit and financial-services needs of rural communities and agriculture.
Sponsored by: Rep. Alexander Mooney
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 02/17/2016
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Climate Solutions Commission Act of 2016 [HB-6240]
[Climate Change ]
[Energy ]
[Environmental ]
Climate Solutions Commission Act of 2016
Sponsored by: Rep. Theodore E. Deutch
Referred To The Subcommittee On Environment. on 09/30/2016
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US Congress 114th Congress
Export-Import Bank Reform and Reauthorization Act of 2015 [HB-597]
[Finance ]
[Small Business ]
[Technology and Innovation ]
[Trade ]
[Energy ]
[Economic Development ]
Export-Import Bank Reform and Reauthorization Act of 2015 TITLE I--TAXPAYER PROTECTION PROVISIONS AND INCREASED ACCOUNTABILITY (Sec. 101) This bill amends the Export-Import Bank Act of 1945 to set at $135 billion, for each of FY2015-FY2019, the authorized aggregate amount of loans, guarantees, and insurance the Export-Import Bank may have outstanding at any time. If the rate at which borrowing entities are in default on a payment obligation (default rate) is 2% or more for a quarter, the Bank may not exceed the amount of loans, guarantees, and insurance
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Sponsored by: Rep. David G. Valadao
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 282. on 10/29/2015
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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. [HB-5802]
[Finance ]
[Environmental ]
[Energy ]
[Budget and Spending ]
[Climate Change ]
[Economic Development ]
[Funding ]
[Grants ]
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.
Sponsored by: Rep. Gerald E. Connolly
Introduced In House on 07/14/2016
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Protecting Consumers' Access to Credit Act of 2016 [HB-5724]
[Finance ]
[Consumer Protection ]
[Taxes ]
Protecting Consumers' Access to Credit Act of 2016 This bill amends the Revised Statutes and the Federal Deposit Insurance Act to state that bank loans that are valid when made as to their maximum rate of interest in accordance with federal law shall remain valid with respect to that rate regardless of whether a bank has subsequently sold or assigned the loan to a third party. (Under these laws, interest may be charged on loans to customers at the greater of: (1) a rate not more than 1% above the discount rate on 90-day commercial paper in effect
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Sponsored by: Rep. Patrick T. McHenry
Introduced In House on 07/11/2016