Department Of The Treasury
US Congress 115th Congress
Spending Cuts to Expired and Unnecessary Programs Act [HB-3]
[Budget and Spending ]
[Agriculture ]
[Energy ]
[Healthcare ]
[Housing ]
[Labor, Jobs, Employment ]
[Transportation and Motor Vehicles ]
[Funding ]
Spending Cuts to Expired and Unnecessary Programs Act This bill rescinds approximately $15 billion in budget authority over 2018-2028 that was proposed to be rescinded by the President under procedures included in the Impoundment Control Act of 1974. (A rescission is legislation enacted by Congress that cancels the availability of previously enacted budget authority before the authority would otherwise expire. Under current law, the President may propose rescissions to Congress, which must be enacted into law to take effect. Congress may rescind
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Sponsored by: Rep. Steve Scalise
Motion To Discharge Senate Committees On Appropriations; The Budget Rejected By Yea-nay Vote. 48 - 50. Record Vote Number: 134. on 06/20/2018
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Retirement Security Act of 2017 [S.1383]
[Retirement ]
[Taxes ]
[Labor, Jobs, Employment ]
[Small Business ]
[Pensions ]
Retirement Security Act of 2017 This bill amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to modify various requirements 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 sponsored by employers all of which have both a common interest other than having adopted the plan and control of the plan, or (2) have a pooled plan provider. Such a plan
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Sponsored by: Sen. Susan Collins
Read Twice And Referred To The Committee On Finance. (sponsor Introductory Remarks On Measure: Cr S3651-3652) on 06/20/2017
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Justice for Victims of IRS Scams and Identity Theft Act of 2018 [HB-2905]
[Crime ]
[Cybersecurity ]
[Data Privacy ]
[Taxes ]
[Consumer Protection ]
Justice for Victims of IRS Scams and Identity Theft Act of 2018 This bill directs the Department of Justice (DOJ) to establish procedures to expedite the review of, and seek an indictment in, any case involving identity theft or aggravated identity theft by an individual who impersonates an employee or officer of the Internal Revenue Service. DOJ must submit to Congress and publish a report that contains certain information on the status of prosecutions for such offenses.
Sponsored by: Rep. David Young
Received In The Senate And Read Twice And Referred To The Committee On The Judiciary. on 04/19/2018
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Financial Institution Customer Protection Act of 2017 [HB-2706]
[Finance ]
[National Security ]
[Cybersecurity ]
[Consumer Protection ]
Financial Institution Customer Protection Act of 2017 (Sec. 2) This bill specifies that a federal banking agency may not request or order a depository institution to terminate a customer account unless: (1) the agency has a valid reason for doing so, and (2) that reason is not based solely on reputation risk. Valid reasons for terminating an account include threats to national security and involvement in terrorist financing, including state sponsorship of terrorism. A federal banking agency requesting a termination must provide the depository institution
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Sponsored by: Rep. Robert Latta
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 12/12/2017
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North Korea Travel Control Act [HB-2732]
[International ]
[National Security ]
North Korea Travel Control Act
Sponsored by: Rep. Gerald Connolly
Subcommittee Consideration And Mark-up Session Held. on 07/27/2017
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Countering Iran's Destabilizing Activities Act of 2017 [S.722]
[Defense ]
[International ]
[National Security ]
[Human Rights ]
[Military ]
Countering Iran's Destabilizing Activities Act of 2017 This bill directs the Departments of State, Defense, and Treasury and the Director of National Intelligence to submit a strategy every two years for deterring conventional and asymmetric Iranian activities that threaten the United States and key allies in the Middle East, North Africa, and beyond. The President shall impose asset blocking and U.S. exclusion sanctions against any person that materially contributes to: (1) Iran's ballistic missile or weapons of mass destruction programs, or (2)
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Sponsored by: Sen. Robert Casey
Message On Senate Action Sent To The House. on 06/29/2017
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Infrastructure 2.0 Act [HB-1670]
[Infrastructure ]
[Finance ]
[Taxes ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Energy ]
[Economic Development ]
Infrastructure 2.0 Act This bill amends the Internal Revenue Code, with respect to the taxation of earnings and profits of a deferred foreign income corporation, to: (1) make such earnings and profits subject to taxation in the last year that ends before the enactment of this bill; (2) reduce the tax rate on such earnings and profits by allowing an exemption of 75% (equal to a tax of 8.75% of repatriated earnings and profits); and (3) allow corporations to pay the tax in installments. The bill also: establishes and provides appropriations for a
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Sponsored by: Rep. Sean Maloney
Referred To The Subcommittee On Aviation. on 03/23/2017
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CREATE Act of 2017 Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2017 [HB-1649]
[Arts and Culture ]
[Small Business ]
[Taxes ]
[Immigration ]
[Disaster Relief ]
[Community Development ]
[Economic Development ]
[Funding ]
[Grants ]
CREATE Act of 2017 Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2017 This bill amends the Internal Revenue Code to: (1) allow artists to claim tax deductions for qualified artistic charitable contributions based on the fair market value of a piece of artwork, rather than the value of the materials used to create it; and (2) revise income and gift tax requirements for charitable contributions of fractional gifts, the valuation of subsequent gifts, and recapture of the charitable deduction. The Small Business
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Sponsored by: Rep. Barbara Lee
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 04/11/2017
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TARGET Act Targeted Rewards for the Global Eradication of Human Trafficking [HB-1625]
[Human Rights ]
[International ]
[Crime ]
TARGET Act Targeted Rewards for the Global Eradication of Human Trafficking (Sec. 2) This bill expresses the sense of Congress that the Department of State's rewards program is a powerful tool in combating sophisticated international crime and that the State Department and federal law enforcement should work in concert to offer rewards that target human traffickers who prey on the most vulnerable people around the world. (Sec. 3) The State Department Basic Authorities Act of 1956 is amended to include severe forms of trafficking in persons involving
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Sponsored by: Rep. Ted Poe
Became Public Law No: 115-141. on 03/23/2018
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Municipal Finance Support Act of 2017 [HB-1624]
[Finance ]
[Budget and Spending ]
[Investments ]
Municipal Finance Support Act of 2017 (Sec. 2) This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as high-quality liquid assets if they are investment grade, liquid, and readily marketable. Under current law, high-quality assets include level 1, level 2A, and level 2B liquid assets.
Sponsored by: Rep. Gregory Meeks
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 10/04/2017
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No Bonuses for Tax Delinquent IRS Employees Act of 2017 [HB-1599]
[Taxes ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
No Bonuses for Tax Delinquent IRS Employees Act of 2017 This bill prohibits the payment of any performance award (including, but not limited to, bonuses, step increases, and time off) to an employee of the Internal Revenue Service who owes an outstanding federal tax debt.
Sponsored by: Rep. Dave Brat
Introduced In House on 03/17/2017
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Mutual Bank Capital Opportunity Act of 2017 [HB-1595]
[Finance ]
[Investments ]
Mutual Bank Capital Opportunity Act of 2017 This bill amends the Federal Deposit Insurance Act to allow mutual capital certificates issued by a mutual depository (i.e., a federally insured depository institution operating in a non-stock form) to qualify as common-equity Tier 1 capital for purposes of satisfying federal capital requirements. A "mutual capital certificate" is a financial instrument that: (1) is subordinate to all claims against, and unsecured by the assets of, the issuing mutual depository; (2) does not permit preemptive rights; (3)
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Sponsored by: Rep. Keith Rothfus
Introduced In House on 03/17/2017
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Promoting More American Manufacturing Jobs Act [S.638]
[Manufacturing ]
[Taxes ]
[Labor, Jobs, Employment ]
[Small Business ]
[Economic Development ]
Promoting More American Manufacturing Jobs Act 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, production, growth, or extraction of an item of qualifying production property (tangible personal property, computer software, and sound recordings) or film. The qualifying production property
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Sponsored by: Sen. Rob Portman
Read Twice And Referred To The Committee On Finance. on 03/15/2017
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CREATE Act of 2017 Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2017 [S.661]
[Arts and Culture ]
[Small Business ]
[Taxes ]
[Community Development ]
[Disaster Relief ]
[Economic Development ]
[Funding ]
[Grants ]
[Human Services ]
[Law Enforcement ]
CREATE Act of 2017 Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2017 This bill amends the Internal Revenue Code to: (1) set forth new tax rules for the deduction of charitable contributions of literary, musical, or artistic compositions; and (2) exclude gain from the sale of art works from the highest capital gains tax rate. The bill amends the Small Business Act to require the Small Business Administration to develop loan criteria, evaluation procedures, and technical assistance programs for small business
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Sponsored by: Sen. Brian Schatz
Read Twice And Referred To The Committee On Finance. on 03/15/2017
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Financial Transparency Act of 2017 [HB-1530]
[Finance ]
[Technology and Innovation ]
[Data Privacy ]
[Investments ]
Financial Transparency Act of 2017 This bill amends the Financial Stability Act of 2010, the Investment Advisers Act of 1940, the Federal Deposit Insurance Act, and other laws to require federal financial regulatory agencies to adopt specified data standards with respect to format, searchability, and transparency.
Sponsored by: Rep. Ted Poe
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 03/23/2017
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States' Education Reclamation Act of 2017 [HB-1510]
[Education ]
[Student Loans ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Labor, Jobs, Employment ]
[Healthcare ]
[Veterans ]
[Native American Affairs ]
[Disabilities ]
States' Education Reclamation Act of 2017 This bill abolishes the Department of Education (ED) and repeals any program for which it has administrative responsibility. The Department of the Treasury shall provide grants to states, for FY2018-FY2026, for elementary, secondary, and postsecondary education purposes permitted by state law. The level of funding is set at the amount provided to states for federal elementary and secondary education programs and the amount provided for federal postsecondary education programs, respectively, for FY2012, minus
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Sponsored by: Rep. Glenn Grothman
Introduced In House on 03/10/2017
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Identity Theft and Tax Fraud Prevention Act of 2017 [S.606]
[Taxes ]
[Technology and Innovation ]
[Cybersecurity ]
[Data Privacy ]
[Law Enforcement ]
[Criminal Justice ]
[Consumer Protection ]
[Crime ]
Identity Theft and Tax Fraud Prevention Act of 2017 This bill amends the Internal Revenue Code to establish requirements and authorities for the Internal Revenue Service (IRS) related to: (1) preventing identify theft and tax refund fraud, and (2) the electronic filing of tax returns. The IRS must: develop and implement guidelines for stolen identity refund fraud cases, provide specified notifications to suspected victims of identity theft, establish a local law enforcement liaison for tax-related identity theft and other tax fraud matters, use
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 03/09/2017
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Financial Stability Oversight Council Reform Act [HB-1459]
[Finance ]
[Cybersecurity ]
[Technology and Innovation ]
[Budget and Spending ]
[Science ]
Financial Stability Oversight Council Reform Act This bill amends the Financial Stability Act of 2010 to make the budgets of the Financial Stability Oversight Council (FSOC) and the Office of Financial Research (OFR) subject to the annual appropriations process and to establish requirements for reports and a public notice and comment period. The budgets of the FSOC and the OFR are funded by assessments on financial institutions which are deposited into the Financial Research Fund and, under current law, are immediately available to be spent. This
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Sponsored by: Rep. Steve Stivers
Introduced In House on 03/09/2017
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Federal Savings Association Charter Flexibility Act of 2017 [S.567]
[Finance ]
[Consumer Protection ]
Federal Savings Association Charter Flexibility Act of 2017 This bill amends the Home Owners' Loan Act to permit a federal savings association to elect to operate, subject to supervision by the Office of the Comptroller of the Currency, with the same rights and duties as a national bank.
Sponsored by: Sen. Mike Rounds
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/08/2017
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Federal Savings Association Charter Flexibility Act of 2017 [HB-1426]
[Finance ]
[Consumer Protection ]
Federal Savings Association Charter Flexibility Act of 2017 (Sec. 2) This bill amends the Home Owners' Loan Act to permit a federal savings association to elect to operate, subject to supervision by the Office of the Comptroller of the Currency, with the same rights and duties as a national bank (including operating without certain lending restrictions).
Sponsored by: Rep. Luke Messer
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/30/2018