Department Of The Treasury
US Congress 116th Congress
Marijuana Revenue and Regulation Act [S.420]
[Cannabis ]
[Finance ]
[Taxes ]
[Alcoholic Beverages ]
[Crime ]
[Consumer Protection ]
[Public Health ]
Removes marijuana from the list of controlled substances and establishes requirements for the taxation and regulation of marijuana products. The bill imposes (1) an excise tax on marijuana products produced in or imported into the United States, and (2) an occupational tax on marijuana production facilities and export warehouses. The term "marijuana product" does not include (1) any article containing marijuana that has been approved by the Food and Drug Administration (FDA) for sale for therapeutic purposes and is marketed and sold solely for such
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Sponsored by: Sen. Ron Wyden
Read Twice And Referred To The Committee On Finance. on 02/07/2019
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Craft Beverage Modernization and Tax Reform Act of 2019 [S.362]
[Alcoholic Beverages ]
[Taxes ]
[Budget and Spending ]
Modifies the tax treatment of certain alcoholic beverages to exclude the aging period from the production period for beer, wine, or distilled spirits for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period; reduce excise tax rates on beer and distilled spirits; permit the transfer of beer between bonded facilities without payment of tax; increase the amount of the small wine producer tax credit and expand the categories of producers covered by such credit; allow
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 02/06/2019
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Retirement Security Act of 2019 [S.321]
[Retirement ]
[Taxes ]
[Small Business ]
[Pensions ]
[Labor, Jobs, Employment ]
Modifies various requirements and tax credits for employer-provided retirement plans. The bill modifies the qualification requirements for certain multiple employer plans with pooled providers. The bill applies to defined contribution plans that (1) are maintained by employers that have a common interest other than having adopted the plan, or (2) have a pooled plan provider. Such a plan that meets specified requirements may not be disqualified or otherwise lose its tax-favored status because a participating employer fails to take actions required
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Sponsored by: Sen. Susan Collins
Read Twice And Referred To The Committee On Finance. (sponsor Introductory Remarks On Measure: Cr S834-835) on 02/04/2019
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Spotlight Act [S.276]
[Taxes ]
[Nonprofit ]
Repeals an Internal Revenue Service (IRS) revenue procedure (Rev. Proc. 2018-38) that exempts certain tax-exempt organizations that are not 501(c)(3) organizations from the requirement to report the names and addresses of substantial contributors (persons who contribute more than $5,000 per year) on information returns that are filed with the IRS. The bill requires tax-exempt organizations that fall under sections 501(c)(4), 501(c)(5), and 501(c)(6) of the Internal Revenue Code (e.g., social welfare organizations, labor organizations, business leagues)
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Sponsored by: Sen. Ron Wyden
Read Twice And Referred To The Committee On Finance. on 01/30/2019
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Damon Paul Nelson and Matthew Young Pollard Intelligence Authorization Act for Fiscal Years 2018 and 2019 [S.245]
[Cybersecurity ]
[Elections ]
[Energy ]
[National Security ]
[Technology and Innovation ]
[Defense ]
[Science ]
Addresses various intelligence issues, including by reauthorizing intelligence-related activities, establishing certain bodies, and directing the intelligence community to report on topics such as election infrastructure security and Russian interference in the 2016 election. The bill reauthorizes through FY2019 various intelligence-related activities in specified government bodies, including the Department of Defense, the Defense Intelligence Agency, and the National Security Agency. It also reauthorizes for FY2019 the Central Intelligence Agency
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Sponsored by: Sen. Mark Warner
Read Twice And Referred To The Select Committee On Intelligence. on 01/28/2019
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Promotion and Expansion of Private Employee Ownership Act of 2019 [S.177]
[Taxes ]
[Labor, Jobs, Employment ]
[Small Business ]
[Economic Development ]
Expands tax incentives and federal assistance for employee stock ownership plans (ESOPs) that are sponsored by S corporations. The bill extends to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an ESOP. The Department of the Treasury must establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations. The bill defines an "ESOP business concern" and allows such a concern to continue to qualify as a small
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 01/17/2019
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Executive Branch Conflict of Interest Act [S.156]
[Ethics ]
[Law Enforcement ]
Revises ethics requirements and modifies provisions related to conflicts of interest involving certain federal government employees. Specifically, the bill expands restrictions on certain federal government employees' acceptance of compensation from nongovernment sources, generally requires certain federal government employees to recuse themselves from any official action that would provide a direct and substantial pecuniary benefit for a recent former employer or client, generally prohibits such an employee from participating in matters that involve
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Sponsored by: Sen. Tammy Baldwin
Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 01/16/2019
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Hearing Small Businesses Act of 2019 [S.78]
[Small Business ]
[Taxes ]
[Finance ]
[Economic Development ]
Requires the U.S. Fish and Wildlife Service and the Internal Revenue Service to seek and consider the advice of small entities about a proposed or interim final rule before publishing the rule if the rule will have a significant economic impact on a substantial number of small entities.
Sponsored by: Sen. Marco Rubio
Committee On Small Business And Entrepreneurship. Hearings Held. on 05/22/2019
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Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the final rule of the Department of the Treasury, the Department of Labor, and the Department of Health and Human Services relating to "Short-Term, Limited-Duration Insurance". [HJR-43]
[Healthcare ]
[Insurance ]
[Medicare and Medicaid ]
[Public Health ]
This joint resolution nullifies a rule by the Department of Treasury, the Department of Labor, and the Department of Health and Human Services regarding short-term, limited-duration health insurance plans. Short-term, limited-duration health insurance plans are plans that may only offer coverage for a limited amount of time under law and that are exempt from the market requirements of the Patient Protection and Affordable Care Act (e.g., coverage of individuals with preexisting conditions). The rule increases the maximum authorized duration of such
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Sponsored by: Rep. Kathy Castor
Referred To The Subcommittee On Health. on 03/01/2019
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Making consolidated appropriations for the fiscal year ending September 30, 2019, and for other purposes. [HJR-31]
[Budget and Spending ]
[Finance ]
[Agriculture ]
[Food ]
[Healthcare ]
[Technology and Innovation ]
[Telecommunications ]
[Transportation and Motor Vehicles ]
[Law Enforcement ]
[Criminal Justice ]
[Cybersecurity ]
[National Security ]
[Public Safety ]
[Disaster Relief ]
[Science ]
[Energy ]
[Environmental ]
[Water ]
[Public Health ]
[Small Business ]
[Labor, Jobs, Employment ]
[Consumer Protection ]
[Data Privacy ]
[Immigration ]
[Defense ]
[Military ]
[Construction ]
[Housing ]
[Economic Development ]
[Education ]
[Veterans ]
[Senior Citizens ]
[Children and Youth ]
[Animals ]
[Waste Management / Recycling ]
[Air Quality ]
[Climate Change ]
[Pharmaceuticals ]
[Alcoholic Beverages ]
[Crime ]
(Sec. 3) This section provides that references to "this Act" included in any division of this bill refer only to the provisions of the division unless the bill expressly provides otherwise. (Sec. 4) This section specifies that the sums in this bill are appropriated for FY2019. (Sec. 5) This section provides that amounts designated by this bill for Overseas Contingency Operations/ Global War on Terrorism pursuant to the Balanced Budget and Emergency Deficit Control Act of 1985 are only available (or rescinded, if applicable) if the President subsequently
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Sponsored by: Rep. Lucille Roybal-Allard
Became Public Law No: 116-6. (txt | Pdf) on 02/15/2019
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Marijuana Revenue and Regulation Act [HB-1120]
[Cannabis ]
[Finance ]
[Taxes ]
[Alcoholic Beverages ]
[Crime ]
[Consumer Protection ]
[Public Health ]
Removes marijuana from the list of controlled substances and establishes requirements for the taxation and regulation of marijuana products. The bill imposes (1) an excise tax on marijuana products produced in or imported into the United States, and (2) an occupational tax on marijuana production facilities and export warehouses. The term "marijuana product" does not include (1) any article containing marijuana that has been approved by the Food and Drug Administration (FDA) for sale for therapeutic purposes and is marketed and sold solely for such
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Sponsored by: Rep. Ted Lieu
Referred To The Subcommittee On Crime, Terrorism, And Homeland Security. on 03/22/2019
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To streamline requirements for currency transaction reports and suspicious activity reports, and for other purposes. [HB-1039]
[Finance ]
[Law Enforcement ]
[Cybersecurity ]
[Technology and Innovation ]
[Criminal Justice ]
[Crime ]
Directs the Department of Treasury to review requirements regarding currency-transaction reports and suspicious-activity reports, including their usefulness to law enforcement and ways to reduce regulatory burdens on financial institutions.
Sponsored by: Rep. Denver Riggleman
Introduced In House on 02/07/2019
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To require the Treasury to take a more prominent role in coordinating AML/CFT policy and examinations across the Government, and for other purposes. [HB-1038]
[Finance ]
[National Security ]
[Law Enforcement ]
[Crime ]
Requires the Department of the Treasury's Office of Terrorism and Financial Intelligence and the Financial Crimes Enforcement Network to establish anti-money-laundering and counterterrorist-financing policy priorities. Financial institutions must incorporate these priorities into existing anti-money-laundering and counterterrorist-financing programs.
Sponsored by: Rep. Denver Riggleman
Introduced In House on 02/07/2019
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To provide that the rule entitled "Short-Term, Limited Duration Insurance" shall have no force or effect. [HB-1010]
[Healthcare ]
[Insurance ]
[Medicare and Medicaid ]
[Public Health ]
Nullifies a rule by the Department of Treasury, the Department of Labor, and the Department of Health and Human Services regarding short-term, limited-duration health insurance plans. Short-term, limited-duration health insurance plans are plans that may only offer coverage for a limited amount of time under law and that are exempt from the market requirements of the Patient Protection and Affordable Care Act (e.g., coverage of individuals with preexisting conditions). The rule increases the maximum authorized duration of such plans from less than
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Sponsored by: Rep. Raul Grijalva
Reported By The Committee On Energy And Commerce. H. Rept. 116-43, Part Ii. on 05/10/2019
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Protecting Americans with Preexisting Conditions Act of 2019 [HB-986]
[Healthcare ]
[Insurance ]
[Mental Health ]
[Public Health ]
(Sec. 3) nullifies guidance from the Department of the Treasury and the Department of Health and Human Services titled State Relief and Empowerment Waivers, published on October 24, 2018. The guidance pertains to Section 1332 waivers (also known as State Innovation Waivers or State Relief and Empowerment Waivers), which allow states to forego certain requirements of the Patient Protection and Affordable Care Act in order to implement experimental plans for health care coverage, as long as the resulting coverage meets certain statutory criteria.
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Sponsored by: Rep. Janice Schakowsky
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 90. on 05/15/2019
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North American Wetlands Conservation Extension Act [HB-925]
[Environmental ]
[Public Lands and National Parks ]
[Animals ]
[Water ]
[Funding ]
[Grants ]
Reauthorizes the North American Wetlands Conservation Act through FY2024.
Sponsored by: Rep. Mike Johnson
On Motion To Concur In The Senate Amendments With An Amendment Agreed To By The Yeas And Nays: 214 - 207 (roll No. 214). (text: Cr H5202-5417) on 10/01/2020
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Spotlight Act [HB-918]
[Taxes ]
[Nonprofit ]
Repeals an Internal Revenue Service (IRS) revenue procedure (Rev. Proc. 2018-38) that exempts certain tax-exempt organizations that are not 501(c)(3) organizations from the requirement to report the names and addresses of substantial contributors (persons who contribute more than $5,000 per year) on information returns that are filed with the IRS. The bill requires tax-exempt organizations that fall under sections 501(c)(4), 501(c)(5), and 501(c)(6) of the Internal Revenue Code (e.g., social welfare organizations, labor organizations, business leagues)
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Sponsored by: Rep. Barbara Lee
Introduced In House on 01/30/2019
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US Congress 116th Congress
Spotlight Act [HB-918]
[Taxes ]
[Nonprofit ]
Repeals an Internal Revenue Service (IRS) revenue procedure (Rev. Proc. 2018-38) that exempts certain tax-exempt organizations that are not 501(c)(3) organizations from the requirement to report the names and addresses of substantial contributors (persons who contribute more than $5,000 per year) on information returns that are filed with the IRS. The bill requires tax-exempt organizations that fall under sections 501(c)(4), 501(c)(5), and 501(c)(6) of the Internal Revenue Code (e.g., social welfare organizations, labor organizations, business leagues)
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Sponsored by: Rep. Barbara Lee
Introduced In House on 01/30/2019
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Surface Transportation Investment Act of 2019 [HB-880]
[Energy ]
[Taxes ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Infrastructure ]
[Funding ]
[Grants ]
Limits or repeals certain tax benefits for major integrated oil companies, including (1) the foreign tax credit for companies that are dual capacity taxpayers, (2) the tax deduction for intangible drilling and development costs, (3) the percentage depletion allowance for oil and gas wells, and (4) the tax deduction for qualified tertiary injectant expenses. The bill modifies the definition of "major integrated oil company" to include certain successors in interest that control more than 50% of the crude oil production or natural gas production of
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Sponsored by: Rep. Julia Brownley
Referred To The Subcommittee On Highways And Transit. on 02/07/2019
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End Dark Money Act [HB-868]
[Taxes ]
[Finance ]
[Budget and Spending ]
Repeals a restriction on the use of funds by the Internal Revenue Service during FY2019 for certain regulations, revenue rulings, or other guidance related to the standard used to determine whether a tax-exempt organization is operated exclusively for the promotion of social welfare for the purposes of section 501(c)(4) of the Internal Revenue Code.
Sponsored by: Rep. Ted Lieu
Introduced In House on 01/30/2019