Financial Crises And Stabilization
US Congress 111th Congress
Real Estate Mortgage Investment Conduit Improvement Act of 2009 [S.376]
[Real Estate ]
[Finance ]
[Housing ]
[Taxes ]
[Property Tax ]
Real Estate Mortgage Investment Conduit Improvement Act of 2009 - Establishes special rules for modification or disposition of a troubled asset (qualified mortgages or foreclosure property) under the Troubled Asset Relief Program (TARP) by real estate mortgage investment conduits (REMICs). Declares that: (1) such a modification or disposition shall not be treated as a prohibited transaction under the Internal Revenue Code; (2) an interest in the REMIC shall not fail to be treated as a regular interest solely because of such modification or disposition;
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Sponsored by: Sen. Jack Reed
Sponsor Introductory Remarks On Measure. (cr S1543-1544) on 02/04/2009
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Financial Services and General Government Appropriations Act, 2011 [S.3677]
[Finance ]
[Budget and Spending ]
[Taxes ]
[Telecommunications ]
[Consumer Protection ]
[Small Business ]
[Insurance ]
[Law Enforcement ]
[National Security ]
[Public Safety ]
[Healthcare ]
[Technology and Innovation ]
[Trade ]
[Elections ]
[Criminal Justice ]
[Public Health ]
[Education ]
[Cybersecurity ]
[Data Privacy ]
[Economic Development ]
[Ethics ]
[Funding ]
[Grants ]
[Human Services ]
[Medicare and Medicaid ]
[Overdose Prevention ]
[Pharmaceuticals ]
[Poverty ]
[Property Tax ]
[Senior Citizens ]
[Social Security ]
[Unemployment ]
[Veterans ]
[Voting Rights ]
[Workers' Compensation ]
[Children and Youth ]
[Community Development ]
[Construction ]
[Defense ]
[Disaster Relief ]
[Energy ]
[Environmental ]
[Family-Related Legislation ]
[Housing ]
[Labor, Jobs, Employment ]
[Libraries ]
[Military ]
[Public Lands and National Parks ]
[Real Estate ]
[Transportation and Motor Vehicles ]
[Crime ]
Financial Services and General Government Appropriations Act, 2011 - Title I: Department of the Treasury - Department of the Treasury Appropriations Act, 2011 - Makes appropriations for FY2011 for the Department of the Treasury for: (1) departmental offices; (2) department-wide systems and capital investments programs; (3) the Office of Inspector General; (4) the Treasury Inspector General for Tax Administration; (5) the Office of the Special Inspector General for the Troubled Asset Relief Program (TARP); (6) the Financial Crimes Enforcement Network;
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Sponsored by: Sen. Richard Durbin
Committee On Appropriations. Original Measure Reported To Senate By Senator Durbin. With Written Report No. 111-238. on 07/29/2010
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Democracy is Strengthened by Casting Light on Spending in Elections Act [S.3628]
[Elections ]
[Voting Rights ]
[Ethics ]
Democracy is Strengthened by Casting Light on Spending in Elections Act or the DISCLOSE Act - Amends the Federal Election Campaign Act of 1971 (FECA) to prohibit: (1) independent expenditures and payments for electioneering communications by government contractors if the value of the contract is at least $10 million; and (2) recipients of assistance under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 (EESA) from making any contribution to any political party, committee, or candidate for public office,
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Sponsored by: Sen. Ron Wyden
Motion To Proceed To Consideration Of The Motion To Reconsider The Vote By Which Cloture Was Not Invoked On The Motion To Proceed To S. 3628 (record Vote No. 220) Agreed To In Senate By Unanimous Consent. (consideration: Cr S7383-7388) on 09/23/2010
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Cap Executive Officer Pay Act of 2009 [S.360]
[Finance ]
[Budget and Spending ]
[Labor, Jobs, Employment ]
Cap Executive Officer Pay Act of 2009 - Limits the annual compensation of any employee of a financial institution or other entity that receives funds under the Troubled Asset Relief Program (TARP) established under the Emergency Economic Stabilization Act of 2008 to the amount of compensation paid to the President of the United States.
Sponsored by: Sen. Claire McCaskill
Sponsor Introductory Remarks On Measure. (cr S1127) on 01/30/2009
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American Recovery and Reinvestment Act of 2009 [S.350]
[Taxes ]
[Technology and Innovation ]
[Telecommunications ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Healthcare ]
[Housing ]
[Labor, Jobs, Employment ]
[Medicare and Medicaid ]
[Small Business ]
[Social Security ]
[Education ]
[Unemployment ]
[Poverty ]
[Public Health ]
[Children and Youth ]
[Economic Development ]
[Funding ]
[Grants ]
[Human Services ]
[Infrastructure ]
[Energy ]
American Recovery and Reinvestment Act of 2009 - American Recovery and Reinvestment Tax Act of 2009 - Amends the Internal Revenue Code to: (1) allow individual taxpayers a refundable tax credit through 2010 for the lesser of 6.2% of earned income or $500; (2) increase in 2009 or 2010 the earned income tax credit, the refundable portion of the child tax credit, and the Hope scholarship tax credit; (3) allow payment of purchases of computer technology or equipment from qualified tuition plans in 2009 or 2010; (4) extend until September 1, 2009, the
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Sponsored by: Sen. Max Baucus
Star Print Ordered On The Bill. on 01/30/2009
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Troubled Asset Relief Program Enhancement Act [S.340]
[Finance ]
[Budget and Spending ]
[Taxes ]
Troubled Asset Relief Program Enhancement Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require the Comptroller General to oversee the performance of the Troubled Asset Relief Program (TARP) in meeting EESA purposes involving public accountability for the exercise of its authority. Grants the Comptroller General access, upon request, to any information, data, schedules, books, accounts, financial records, reports, files, electronic communications, or other papers, things, or property belonging to or in use by the TARP,
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Sponsored by: Sen. Chuck Grassley
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/28/2009
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American Recovery and Reinvestment Act of 2009 [S.336]
[Agriculture ]
[Defense ]
[Energy ]
[Healthcare ]
[Housing ]
[Labor, Jobs, Employment ]
[Medicare and Medicaid ]
[Taxes ]
[Technology and Innovation ]
[Trade ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Small Business ]
[Insurance ]
[Construction ]
[Science ]
[Community Development ]
[Food ]
[Senior Citizens ]
[Social Security ]
[Education ]
[Veterans ]
[Cybersecurity ]
[Disaster Relief ]
[Economic Development ]
[Funding ]
[Grants ]
[Human Services ]
[Law Enforcement ]
[Military ]
[Public Safety ]
[Retirement ]
[Infrastructure ]
[Crime ]
American Recovery and Reinvestment Act of 2009 - Makes supplemental appropriations for FY2009 to: (1) the Department of Agriculture; (2) the Department of Commerce; (3) the Department of Justice (DOJ); (4) the National Aeronautics and Space Administration (NASA); (5) the National Science Foundation; (6) the Department of Defense (DOD); (7) the Department of the Army, Corps of Engineers - Civil; (8) the Department of the Interior; and (9) the Department of Energy.Makes additional appropriations for FY2009 to the Secretary of Agriculture to provide
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Sponsored by: Sen. Daniel Inouye
Committee On Appropriations Ordered To Be Reported An Original Measure. on 01/27/2009
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SAFE Markets Act [S.331]
[Finance ]
[Law Enforcement ]
[Cybersecurity ]
[Public Safety ]
[Criminal Justice ]
[Crime ]
Supplemental Anti-Fraud Enforcement for our Market Act or the SAFE Markets Act - Authorizes: (1) the Director of the Federal Bureau of Investigation (FBI) to hire an additional 500 agents who shall be dedicated to investigating violations of the law relating to the U.S. financial markets; (2) the Attorney General to hire an additional 50 Assistant United States Attorneys who shall be dedicated to prosecuting such violations; and (3) the Securities and Exchange Commission (SEC) to hire 100 additional enforcement staff members who shall be dedicated
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Sponsored by: Sen. Dianne Feinstein
Read Twice And Referred To The Committee On The Judiciary. on 01/27/2009
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Democracy Is Strengthened by Casting Light on Spending in Elections Act [S.3295]
[Elections ]
[Finance ]
[Media and Advertising ]
[Telecommunications ]
[Voting Rights ]
[Technology and Innovation ]
[Law Enforcement ]
[Ethics ]
Democracy Is Strengthened by Casting Light On Spending in Elections Act or the DISCLOSE Act - Amends the Federal Election Campaign Act of 1971 (FECA) to prohibit: (1) independent expenditures and payments for electioneering communications by government contractors if the value of the contract is at least $50,000; and (2) recipients of assistance under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 (EESA) from making any contribution to any political party, committee, or candidate for public office, or
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Sponsored by: Sen. Robert Casey
Sponsor Introductory Remarks On Measure. (cr S3029-3031) on 05/03/2010
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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 Dodd
Returned To The Calendar. Calendar No. 349. on 05/25/2010
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Wall Street Compensation Reform Act of 2010 [S.3149]
[Finance ]
[Taxes ]
[Labor, Jobs, Employment ]
[Consumer Protection ]
Wall Street Compensation Reform Act of 2010 - Amends the Internal Revenue Code to restrict the tax deduction for compensation paid to highly-paid employees of systemically significant financial institutions. Requires such compensation to be performance-based, to vest no earlier than five years after the date of payment, and to consist of 50% employer stock. Prohibits such highly-paid employees from using personal hedging strategies and remuneration or liability-related insurance and requires forfeiture of compensation paid to a chief executive or
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Sponsored by: Sen. Bill Nelson
Read Twice And Referred To The Committee On Finance. on 03/22/2010
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Wall Street Bonus Tax Act [S.3007]
[Finance ]
[Taxes ]
[Small Business ]
[Budget and Spending ]
[Economic Development ]
Wall Street Bonus Tax Act - Amends the Internal Revenue Code to: (1) impose a tax on current or former employees of recipients of financial assistance under the Trouble Asset Relief Program (TARP) for 50% of any bonus exceeding $25,000 paid to them during 2010; and (2) establish in the Treasury the Small Business Growth Fund to hold revenues from such tax. Requires the Administrator of the Small Business Administration (SBA) to establish and carry out a program to make loans directly to small business concerns. Makes amounts from such Fund available
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Sponsored by: Sen. Sherrod Brown
Sponsor Introductory Remarks On Measure. (cr S570) on 02/11/2010
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Homeowner Protection and Wall Street Accountability Act of 2009 [S.3]
[Finance ]
[Real Estate ]
[Housing ]
[Consumer Protection ]
[Small Business ]
[Taxes ]
[Economic Development ]
Homeowner Protection and Wall Street Accountability Act of 2009 - Expresses the sense of Congress that Congress should enact, and the President should sign, legislation to: (1) stabilize the housing market and assist homeowners by imposing a temporary moratorium on foreclosures, removing impediments to the modification of distressed mortgages, creating tax and other incentives to help prevent foreclosures and encourage refinancing into affordable and sustainable mortgage solutions, and pursuing other foreclosure-prevention policies through the Troubled
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Sponsored by: Sen. Robert Casey
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 3. on 01/07/2009
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Taxpayer Fairness Act [S.2994]
[Finance ]
[Taxes ]
[Budget and Spending ]
Taxpayer Fairness Act - Amends the Internal Revenue Code to: (1) impose a 50% tax on bonuses, including retention bonuses, exceeding $400,000 paid in 2009 to employees of financial institutions (including the Federal National Mortgage Association [Fannie Mae] and the Federal Home Loan Mortgage Corporation [Freddie Mac]) that received $5 billion or more in emergency economic assistance from the federal government; and (2) limit the business tax deduction for such bonuses to 50% of the amount of such bonuses.
Sponsored by: Sen. Patty Murray
Read Twice And Referred To The Committee On Finance. on 02/04/2010
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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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Homeowners' Relief and Neighborhood Stabilization Act of 2010 [S.2969]
[Housing ]
[Real Estate ]
[Finance ]
[Funding ]
[Grants ]
[Community Development ]
[Budget and Spending ]
[Economic Development ]
[Property Tax ]
[Consumer Protection ]
Homeowners' Relief and Neighborhood Stabilization Act of 2010 - Directs the Secretary of the Treasury to transfer to the Secretary of Housing and Urban Development (HUD) $3 billion from Troubled Asset Relief Program (TARP) funds under the Emergency Economic Stabilization Act of 2008 (EESA), to be credited to the Emergency Homeowners' Relief Fund for use for emergency mortgage assistance. Allows mortgage assistance if the mortgagor has incurred a substantial reduction in income as a result of involuntary unemployment or underemployment due to medical
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/28/2010
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Boosting Entrepreneurship and New Jobs Act [S.2967]
[Labor, Jobs, Employment ]
[Finance ]
[Taxes ]
[Small Business ]
[Healthcare ]
[Veterans ]
[Funding ]
[Grants ]
[Economic Development ]
[Budget and Spending ]
Boosting Entrepreneurship and New Jobs Act - Amends the Internal Revenue Code to: (1) allow certain small businesses a refundable tax credit for 15% of the first-year wages paid to new employees and a business-related tax credit for employee health insurance expenses; and (2) impose an additional tax on individuals with modified adjusted gross incomes exceeding $500,000 ($1 million for married couples filing a joint tax return) sufficient to render the provisions of this Act budget neutral. Directs the Administrator of the Small Business Administration
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Sponsored by: Sen. Benjamin Cardin
Sponsor Introductory Remarks On Measure. (cr S346-347) on 01/28/2010
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Strengthening Our Economy Through Employment and Development Act [S.2952]
[Energy ]
[Finance ]
[Labor, Jobs, Employment ]
[Small Business ]
[Veterans ]
[Unemployment ]
[Housing ]
[Community Development ]
[Grants ]
[Funding ]
[Economic Development ]
[Public Health ]
[Construction ]
[Budget and Spending ]
Strengthening Our Economy Through Employment and Development Act - Makes available to carry out the Private Sector Wage Subsidy Fund and the Public Sector Energy Efficiency Promotion Fund, established by this Act, any amounts under the Troubled Asset Relief Program (TARP) under the Emergency Economic Stabilization Act of 2008 (EESA) which remain unobligated or which have been repaid. Establishes in the Treasury the Private Sector Wage Subsidy Fund to enable small- and medium-sized businesses and nonprofit organizations to hire eligible workers who
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Sponsored by: Sen. Al Franken
Sponsor Introductory Remarks On Measure. (cr S252-253) on 01/26/2010
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Erasing our National Debt Through Accountability and Responsibility Plan Act of 2010 [S.2938]
[Budget and Spending ]
[Finance ]
[Taxes ]
[Economic Development ]
Erasing our National Debt Through Accountability and Responsibility Plan Act of 2010 - Terminates the authorities granted the Secretary of the Treasury under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 (EESA) to purchase troubled assets from financial institutions. Lowers the public debt limit by the amount of all TARP assistance repaid by recipients on or after the enactment of this Act, along with dividends, profits, or other funds paid to the government based on such assistance.
Sponsored by: Sen. Susan Collins
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/20/2010
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Economic Fairness for Seniors Act [S.2926]
[Medicare and Medicaid ]
[Social Security ]
[Senior Citizens ]
[Budget and Spending ]
[Taxes ]
[Veterans ]
[Inflation ]
[Funding ]
Economic Fairness for Seniors Act - Amends title XVIII (Medicare) of the Social Security Act (SSA) to keep the same Medicare part B premium for 2010 that was in effect for 2009. Amends the American Recovery and Reinvestment Tax Act of 2009 (ARRA) to require an additional economic recovery payment (of $250) in calendar 2010 to certain beneficiaries of SSA title II (Old-Age, Survivors, and Disability Insurance) (OASDI), railroad retirement, or veterans benefits. Makes appropriations to fund such payments. Directs the Bureau of Labor Statistics (BLS)
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Finance. on 12/23/2009