Department Of The Treasury
US Congress 114th Congress
Ditto Act of 2016 [HB-4921]
[Taxes ]
Ditto Act of 2016 (Sec. 2) This bill requires the Internal Revenue Service (IRS) to maintain preserved records for at least three years after obtaining the record. A preserved record is any record maintained by a person other than the federal government pursuant to a rule, guidance, or other directive from the IRS recommending or requiring that the person maintain records for a particular period of time on a particular matter.
Sponsored by: Rep. Mark Walker
Reported By The Committee On Oversight And Government Reform. H. Rept. 114-636. on 06/21/2016
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Taxpayer Protection Act of 2016 [HB-4912]
[Taxes ]
[Budget and Spending ]
[Funding ]
[Consumer Protection ]
[Small Business ]
[Poverty ]
Taxpayer Protection Act of 2016 This bill amends the Internal Revenue Code to establish additional requirements and procedures for collecting taxes, regulating tax preparers, responding to identity theft, and assisting low-income taxpayers. The bill repeals the authority of the Internal Revenue Service (IRS) to contract with private companies to collect federal tax debts. It also excludes from the gross income of an individual up to $10,000 of income from the discharge of a debt over the individual's lifetime. The bill requires the statute of limitations
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Sponsored by: Rep. Earl Blumenauer
Introduced In House on 04/12/2016
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To prohibit the use of funds by the Internal Revenue Service to target citizens of the United States for exercising any right guaranteed under the First Amendment to the Constitution of the United States. [HB-4903]
[Taxes ]
To prohibit the use of funds by the Internal Revenue Service to target citizens of the United States for exercising any right guaranteed under the First Amendment to the Constitution of the United States. (Sec. 1) This bill prohibits the Internal Revenue Service from using funds to target U.S. citizens for exercising any right guaranteed under the First Amendment to the Constitution.
Sponsored by: Rep. Rick Allen
Received In The Senate And Read Twice And Referred To The Committee On Finance. on 04/20/2016
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To impose a ban on the payment of bonuses to employees of the Internal Revenue Service until the Secretary of the Treasury develops and implements a comprehensive customer service strategy. [HB-4890]
[Taxes ]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
[Funding ]
To impose a ban on the payment of bonuses to employees of the Internal Revenue Service until the Secretary of the Treasury develops and implements a comprehensive customer service strategy. (Sec. 1) This bill prohibits the Department of the Treasury from paying a bonus, award, or similar cash payment to any Internal Revenue Service (IRS) employee until Treasury develops and submits to Congress a comprehensive customer service strategy that has been reviewed and approved by the Treasury Inspector General for Tax Administration. The strategy must
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Sponsored by: Rep. Patrick Meehan
Received In The Senate And Read Twice And Referred To The Committee On Finance. on 04/25/2016
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IRS Oversight While Eliminating Spending (OWES) Act of 2016 [HB-4885]
[Budget and Spending ]
[Taxes ]
IRS Oversight While Eliminating Spending (OWES) Act of 2016 (Sec. 2) This bill requires the Internal Revenue Service to deposit fees for services in the general fund of the Treasury and prohibits the expenditure of such fees unless an appropriations Act provides for such expenditure.
Sponsored by: Rep. Tom Rice
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 435. on 04/25/2016
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To amend the Internal Revenue Code of 1986 to provide appropriate rules for the application of the deduction for income attributable to domestic production activities with respect to certain contract manufacturing or production arrangements. [HB-4770]
[Taxes ]
[Manufacturing ]
[Small Business ]
To amend the Internal Revenue Code of 1986 to provide appropriate rules for the application of the deduction for income attributable to domestic production activities with respect to certain contract manufacturing or production arrangements. This bill amends the Internal Revenue Code to specify rules for applying the deduction for income from domestic production activities to contract manufacturing or production arrangements. In a contract manufacturing or production arrangement, a person contracts with one or more unrelated persons for the manufacture,
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Sponsored by: Rep. David Joyce
Introduced In House on 03/16/2016
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Traditional Banking Regulatory Relief Act of 2015 [HB-4647]
[Finance ]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
Traditional Banking Regulatory Relief Act of 2015 This bill amends the Federal Deposit Insurance Act (FDIA) to prescribe capital requirements for traditional banking organizations (TBOs) at a minimum simple leverage ratio of no less than 10%. A TBO is any bank holding company, savings and loan holding company, bank, or savings association that individually (and when including its parent, subsidiaries, and affiliates) meets the following criteria: has zero trading assets and zero trading liabilities, does not engage in swaps or security-based swaps
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Sponsored by: Sen. Peter Welch
Introduced In House on 02/26/2016
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Preserving Access to CRE Capital Act of 2016 [HB-4620]
[Real Estate ]
[Finance ]
[Small Business ]
[Investments ]
Preserving Access to CRE Capital Act of 2016 (Sec. 2) This bill amends the Securities Exchange Act of 1934 concerning credit risk retention standards for commercial real estate loans to revise the optional standard that may include retention of the first-loss position by a third-party purchaser that specifically negotiates for the purchase of that first loss position, holds adequate financial resources to back losses, provides due diligence on all individual assets in the pool before issuance of the asset-backed securities, and meets the same standards
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Sponsored by: Rep. Luke Messer
Reported By The Committee On Financial Services. H. Rept. 114-597. on 05/26/2016
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WARN Act of 2016 Whistleblower Augmented Reward and Nonretaliation Act of 2016 [HB-4619]
[Finance ]
[Labor, Jobs, Employment ]
[Consumer Protection ]
[Cybersecurity ]
[Law Enforcement ]
[National Security ]
[Crime ]
WARN Act of 2016 Whistleblower Augmented Reward and Nonretaliation Act of 2016 This bill amends the Financial Institutions Anti-Fraud Enforcement Act of 1990 governing the rights of a private person (declarant) who files a declaration of a violation giving rise to a federal action for civil penalties with respect to fraud crimes involving federally insured financial institutions. The bill revises the minimum and maximum percentage of a declarant's entitlement to share in the recovery by the United States from a judgment, order, or settlement that
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Sponsored by: Rep. Eleanor Norton
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 03/22/2016
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Non-Discrimination of Israel in Labeling Act [HB-4555]
[Trade ]
[International ]
[Consumer Protection ]
Non-Discrimination of Israel in Labeling Act This bill requires that, for purposes of marking imported articles and containers under the Tariff Act of 1930, every article of origin from the geographical area known as the West Bank (or its container) imported into the United States shall include the words: "West Bank" in the case of an article of an area in the West Bank not administered by Israel; and "Israel," "Made in Israel," or "Product of Israel" in the case of an article of an area in the West Bank administered by Israel. Every article of
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Sponsored by: Sen. Martha McSally
Referred To The Subcommittee On Trade. on 02/18/2016
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Fair Treatment of Israel in Product Labeling Act of 2016 [HB-4503]
[Trade ]
[International ]
[Consumer Protection ]
Fair Treatment of Israel in Product Labeling Act of 2016 This bill requires that, for goods produced or originating in the areas known as the West Bank and the Gaza Strip, proper markings for country of origin include: (1) Israel, (2) West Bank, (3) Gaza, (4) Gaza Strip, (5) West Bank/Gaza, or (6) West Bank/Gaza Strip. Neither the Department of the Treasury, the Department of State, the Department of Homeland Security, nor any competent official of another federal department or agency shall prohibit the use of any such markings for purposes of country
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Sponsored by: Rep. Ted Poe
Referred To The Subcommittee On Trade. on 02/11/2016
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Community Bank Reporting Relief Act [HB-4500]
[Finance ]
[Small Business ]
Community Bank Reporting Relief Act This bill amends the Federal Deposit Insurance Act to direct federal banking agencies to issue regulations that allow a reduced reporting requirement for highly rated and well-capitalized depository institutions meeting certain other criteria when making the first and third report of condition for a year.
Sponsored by: Rep. Darin LaHood
Introduced In House on 02/09/2016
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Incorporation Transparency and Law Enforcement Assistance Act [HB-4450]
[Crime ]
[Law Enforcement ]
[Public Safety ]
Incorporation Transparency and Law Enforcement Assistance Act
Sponsored by: Rep. Barbara Lee
Introduced In House on 02/03/2016
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Comprehensive Behavioral Health Reform and Recovery Act of 2016 [HB-4435]
[Healthcare ]
[Mental Health ]
[Public Health ]
[Overdose Prevention ]
Comprehensive Behavioral Health Reform and Recovery Act of 2016
Sponsored by: Rep. Barbara Lee
Referred To The Subcommittee On Health. on 02/10/2016
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Government Reform and Improvement Act of 2016 [HB-4361]
[Cybersecurity ]
[Technology and Innovation ]
[Labor, Jobs, Employment ]
[National Security ]
[Small Business ]
[Data Privacy ]
[Law Enforcement ]
[Taxes ]
[Budget and Spending ]
Government Reform and Improvement Act of 2016 TITLE I--FEDERAL INFORMATION SYSTEMS SAFEGUARDS (Sec. 101) This title exempts from federal employee labor-management relations requirements the actions of an executive agency that are necessary to restrict or prohibit access to a website presenting a security weakness or risk to the agency's information technology or information systems under the Federal Information Security Management Act of 2014. An agency employee may not establish, operate, maintain, or permit the use of information technology that
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Sponsored by: Rep. Bruce Westerman
Received In The Senate And Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 07/07/2016
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Protecting Charitable Contributions Act of 2015 [HB-4311]
[Taxes ]
[Nonprofit ]
Protecting Charitable Contributions Act of 2015 This bill provides that the definitions and regulations in effect on January 1, 2015, relating to the substantiation of deductible charitable contributions in excess of $250, shall apply on and after the enactment date of the bill. The Internal Revenue Service shall not issue, revise, or finalize any regulation, revenue ruling, or other guidance relating to such definitions and regulations.
Sponsored by: Rep. Matt Salmon
Introduced In House on 12/18/2015
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END OF AN ERA Act Entering Negotiations to Dissolve Outdated Financial Agencies Nationalizing Export Related Activities [HB-4302]
[Finance ]
[Trade ]
[Budget and Spending ]
[Labor, Jobs, Employment ]
[Economic Development ]
END OF AN ERA Act Entering Negotiations to Dissolve Outdated Financial Agencies Nationalizing Export Related Activities This bill directs the Department of the Treasury to seek to enter into negotiations with other countries for the mutual elimination of government-backed export credit agencies. Treasury shall submit: (1) annual reports on progress made in arranging such negotiations, on progress made in any such negotiations, and on whether eliminating the Export-Import Bank of the United States at the time of the report would put the United States
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Sponsored by: Rep. Garret Graves
Introduced In House on 12/18/2015
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Behavioral Health Coverage Transparency Act of 2015 [HB-4276]
[Healthcare ]
[Mental Health ]
[Public Health ]
[Insurance ]
[Labor, Jobs, Employment ]
[Consumer Protection ]
[Pharmaceuticals ]
Behavioral Health Coverage Transparency Act of 2015 This bill amends the Public Health Service Act, Employee Retirement Income Security Act of 1974 (ERISA), and Internal Revenue Code to direct the Departments of Health and Human Services (HHS), Labor, and the Treasury to require group health plans and health insurers to disclose the analyses performed to ensure compliance of plans or coverage with the law and regulations. Disclosures must include findings and conclusions regarding whether nonquantitative treatment limitations (e.g., tiered benefits,
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Sponsored by: Rep. Janice Schakowsky
Referred To The Subcommittee On Health, Employment, Labor, And Pensions. on 03/23/2016
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FSOC Designation Review Act [HB-4248]
[Finance ]
[Budget and Spending ]
[Insurance ]
[Law Enforcement ]
FSOC Designation Review Act This bill amends the Financial Stability Act of 2010 to revise requirements for reevaluation and reaffirmation of determinations by the Financial Stability Oversight Council (FSOC) that the Board of Governors of the Federal Reserve System supervise and regulate U.S. or foreign nonbank financial companies. The FSOC shall reevaluate such a determination not only annually (as under current law) but also upon the request of a nonbank financial company based on its representation that there has been a material change in its
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Sponsored by: Rep. Gregory Meeks
Introduced In House on 12/15/2015
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Holding Individuals Accountable and Deterring Money Laundering Act [HB-4242]
[Finance ]
[Crime ]
[International ]
[National Security ]
[Criminal Justice ]
Holding Individuals Accountable and Deterring Money Laundering Act This bill amends provisions of federal law known as the Bank Secrecy Act of 1970 relating to money laundering violations to: (1) increase civil penalties for willful violations of anti-money laundering laws; (2) increase the civil penalty for negligent violations of such laws and impose a penalty on partners, directors, officers, or employees of a financial institution for such violations; and (3) impose a 20-year maximum prison term for individuals who facilitate evasion of an anti-money
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Sponsored by: Rep. Michael Capuano
Introduced In House on 12/11/2015