Keep Repos to Maturity on Balance Sheet Act of 2017 [HB-317]
[Finance ]
[Investments ]
Keep Repos to Maturity on Balance Sheet Act of 2017 This bill requires the Securities and Exchange Commission, in establishing accounting principles or standards for purposes of the securities laws, to require that a repurchase-to-maturity transaction be treated as a secured borrowing in which the transferred asset serves as collateral. A "repurchase-to-maturity transaction" is one in which: (1) a financial asset is transferred in exchange for cash, other financial assets, or letters of credit; and (2) the transferor and transferee agree that the
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HB-317: Keep Repos to Maturity on Balance Sheet Act of 2017
Sponsored by: Rep. Michael Capuano
Introduced In House on 01/05/2017
Commodity End-User Relief Act [HB-238]
[Finance ]
[Trade ]
[Consumer Protection ]
Commodity End-User Relief Act This bill reauthorizes through FY2021, and otherwise revises provisions related to, operations of the Commodity Futures Trading Commission (CFTC). The CFTC is authorized to require that certain property of the bankruptcy estate of a commodity broker who is a debtor in Chapter 7 bankruptcy (also known as "liquidation" bankruptcy) be included in customer property to the extent that such property is insufficient to satisfy the net equity claims of the broker's public customers. Before promulgating a regulation or issuing
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HB-238: Commodity End-User Relief Act
Sponsored by: Rep. David Scott
Received In The Senate And Read Twice And Referred To The Committee On Agriculture, Nutrition, And Forestry. on 01/17/2017
Stephanie Tubbs Jones Assets for Independence Reauthorization Act of 2017 [HB-271]
[Housing ]
[Education ]
[Funding ]
[Grants ]
[Human Services ]
[Poverty ]
[Community Development ]
[Children and Youth ]
[Family-Related Legislation ]
Stephanie Tubbs Jones Assets for Independence Reauthorization Act of 2017 This bill reauthorizes through FY2022 and otherwise amends the Assets for Independence Act, which provides for demonstration projects to fund individual development accounts (IDAs). (IDAs are matched savings accounts through which low-income individuals may save targeted amounts for qualifying purposes such as first-time home ownership or post-secondary education.) With respect to IDAs, the bill expands: (1) qualifying educational expenses; and (2) qualifying expenses for
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HB-271: Stephanie Tubbs Jones Assets for Independence Reauthorization Act of 2017
Sponsored by: Rep. John Lewis
Referred To The Subcommittee On Human Resources. on 01/13/2017
SEC Regulatory Accountability Act [HB-78]
[Finance ]
[Small Business ]
[Consumer Protection ]
[Law Enforcement ]
[Economic Development ]
SEC Regulatory Accountability Act (Sec. 2) This bill amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC) to: before issuing a regulation under the securities laws, identify the nature and source of the problem that the proposed regulation is designed to address; adopt a regulation only upon a reasoned determination that its benefits justify its costs; identify and assess available alternatives to any regulation; and ensure that any regulation is accessible, consistent, written in plain language, and
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HB-78: SEC Regulatory Accountability Act
Sponsored by: Rep. Ann Wagner
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/17/2017
Tax Code Termination Act [HB-29]
[Taxes ]
[Budget and Spending ]
[Finance ]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
Tax Code Termination Act This bill terminates the Internal Revenue Code of 1986 after December 31, 2021, except for self-employment taxes, Federal Insurance Contributions Act (FICA) taxes, and railroad retirement taxes. A two-thirds majority vote in Congress is required to change such termination date. The bill declares that any new federal tax system should be a simple and fair system that: (1) applies a low rate to all Americans, (2) provides tax relief for working Americans, (3) protects the rights of taxpayers and reduces tax collection abuses,
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HB-29: Tax Code Termination Act
Sponsored by: Rep. Alexander Mooney
Introduced In House on 01/03/2017
HALOS Act Helping Angels Lead Our Startups Act [HB-79]
[Finance ]
[Small Business ]
[Technology and Innovation ]
[Investments ]
[Economic Development ]
HALOS Act Helping Angels Lead Our Startups Act (Sec. 3) This bill directs the Securities and Exchange Commission (SEC) to revise Regulation D, which exempts certain offerings from SEC registration requirements but prohibits general solicitation or general advertising with respect to such offerings. Specifically, this prohibition shall not apply to events with specified kinds of sponsors -- including "angel investor groups" unconnected to broker-dealers or investment advisers -- where presentations or communications are made by or on behalf of an
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HB-79: HALOS Act Helping Angels Lead Our Startups Act
Sponsored by: Rep. Ryan Costello
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/11/2017
Shiloh National Military Park Boundary Adjustment and Parker's Crossroads Battlefield Designation Act [HB-88]
[Public Lands and National Parks ]
[Military ]
[Arts and Culture ]
[Recreation ]
[Community Development ]
[Funding ]
[Grants ]
[Tourism ]
Shiloh National Military Park Boundary Adjustment and Parker's Crossroads Battlefield Designation Act (Sec. 3) This bill modifies the boundary of Shiloh National Military Park in Tennessee and Mississippi to include the Fallen Timbers Battlefield, the Russell House Battlefield, and the Davis Bridge Battlefield. The Department of the Interior may acquire such lands, which shall be administered as part of the park. (Sec. 4) The bill establishes the Parker's Crossroads Battlefield in Tennessee as an affiliated area of the National Park System. The
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HB-88: Shiloh National Military Park Boundary Adjustment and Parker's Crossroads Battlefield Designation Act
Sponsored by: Sen. Marsha Blackburn
Message On House Action Received In Senate And At Desk: House Amendment To Senate Amendment. on 12/21/2018
SAFE Banking Act Secure and Fair Enforcement Banking Act [S.1152]
[Cannabis ]
[Finance ]
[Small Business ]
[Insurance ]
[Real Estate ]
SAFE Banking Act Secure and Fair Enforcement Banking Act This bill prohibits a federal banking regulator from: (1) terminating or limiting the deposit insurance or share insurance of a depository institution solely because the institution provides financial services to a legitimate marijuana-related business; (2) prohibiting or otherwise discouraging a depository institution from offering financial services to such a business; (3) recommending, incentivizing, or encouraging a depository institution not to offer financial services to an account holder
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S.1152: SAFE Banking Act Secure and Fair Enforcement Banking Act
Sponsored by: Sen. Cory Booker
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 06/08/2017
Drain the Swamp and the President's Assets Act [HB-2494]
[Ethics ]
Drain the Swamp and the President's Assets Act This bill amends the Ethics in Government Act of 1978 to prohibit the President from holding any asset that would be considered a disqualifying financial interest under applicable criminal code provisions. The President may place any such asset into a blind trust. The trustee or other entity who is involved in the management or control of the blind trust shall divest the blind trust of such asset. A violation of this bill's prohibition constitutes an impeachable offense.
HB-2494: Drain the Swamp and the President's Assets Act
Sponsored by: Rep. James McGovern
Introduced In House on 05/17/2017
Puerto Rico Task Force Economic Empowerment Act of 2017 [HB-2429]
[Small Business ]
[Economic Development ]
[Healthcare ]
[Pharmaceuticals ]
[Veterans ]
[Technology and Innovation ]
[Labor, Jobs, Employment ]
[Social Security ]
[Funding ]
[Grants ]
[Investments ]
[Overdose Prevention ]
Puerto Rico Task Force Economic Empowerment Act of 2017 Puerto Rico Opportunity, Small Business Prosperity, and Economic Revitalization Act of 2017 This bill amends the Small Business Act to modify requirements for the microloan program for Puerto Rico small businesses and increase access to capital for such program. The Small Business Administration shall establish: (1) a Veteran Business Outreach Center in Puerto Rico, and (2) a temporary Federal and State Technology (FAST) grant program to provide assistance to Puerto Rico businesses. The bill
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HB-2429: Puerto Rico Task Force Economic Empowerment Act of 2017
Sponsored by: Rep. Adriano Espaillat
Referred To The Subcommittee On Health. on 05/22/2017
Consumer Financial Choice and Capital Markets Protection Act of 2017 [S.1117]
[Finance ]
[Consumer Protection ]
[Investments ]
Consumer Financial Choice and Capital Markets Protection Act of 2017 This bill amends the Investment Company Act of 1940 to allow a money market fund, under specified conditions, to elect to operate using a different method of valuation than is otherwise required. A money market fund that elects to do so shall not be subject to specified requirements related to the imposition of liquidity fees. Certain federal assistance may not be provided directly to any money market fund. This limitation on federal assistance must be disclosed in a money market's
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S.1117: Consumer Financial Choice and Capital Markets Protection Act of 2017
Sponsored by: Sen. Robert Menendez
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 06/26/2018
Water and Agriculture Tax Reform Act of 2017 [S.1090]
[Agriculture ]
[Taxes ]
[Water ]
Water and Agriculture Tax Reform Act of 2017 This bill amends the Internal Revenue Code to permit tax-exempt mutual ditch or irrigation companies to earn income from dispositions of certain real property and stock interests without affecting their tax-exempt status, but requires that such income be used to pay the costs of operations, maintenance, and capital improvements of such a company. The bill also establishes a rule regarding the organizational governance of mutual ditch or irrigation companies. Where state law provides that such a company
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S.1090: Water and Agriculture Tax Reform Act of 2017
Sponsored by: Sen. Michael Enzi
Read Twice And Referred To The Committee On Finance. on 05/10/2017
Keeping America's Pension Promises Act [HB-2384]
[Pensions ]
[Labor, Jobs, Employment ]
[Retirement ]
[Finance ]
[Taxes ]
Keeping America's Pension Promises Act This bill repeals the elimination of the pension anti-cutback provisions under the Multiemployer Pension Reform Act of 2014. The anti-cutback provisions prohibit reductions in pension benefits to participants in multiemployer pension plans. The bill amends the Employee Retirement Income Security Act of 1974 (ERISA), with respect to partitions of eligible multiemployer plans, to modify the procedures and allow plan sponsors to petition the Pension Benefit Guaranty Corporation (PBGC) for a partition of additional
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HB-2384: Keeping America's Pension Promises Act
Sponsored by: Rep. Richard Nolan
Referred To The Subcommittee On Regulatory Reform, Commercial And Antitrust Law. on 06/07/2017
Private Foundation Excise Tax Simplification Act of 2017 [HB-2386]
[Taxes ]
[Budget and Spending ]
[Finance ]
[Nonprofit ]
Private Foundation Excise Tax Simplification Act of 2017 This bill amends the Internal Revenue Code to: (1) reduce from 2% to 1% the excise tax rate on the net investment income of tax-exempt private foundations, and (2) repeal the 1% reduction in such tax rate for private foundations that meet certain distribution requirements. The bill also excludes the budgetary effects of this bill from PAYGO scorecards maintained pursuant to the Statutory Pay-As-You-Go Act of 2010.
HB-2386: Private Foundation Excise Tax Simplification Act of 2017
Sponsored by: Rep. Collin Peterson
Introduced In House on 05/04/2017
Carried Interest Fairness Act of 2017 [S.1020]
[Finance ]
[Taxes ]
[Investments ]
Carried Interest Fairness Act of 2017 This bill amends the Internal Revenue Code to: (1) set forth a special rule for the inclusion in gross income of partnership interests transferred in connection with the performance of services, (2) treat as ordinary income the net capital gain with respect to an investment services partnership interest except to the extent such gain is attributable to a partner's qualified capital interest, (3) exempt income from investment services partnership interests from treatment as qualifying income of a publicly traded
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S.1020: Carried Interest Fairness Act of 2017
Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. on 05/03/2017
Consumer Financial Choice and Capital Markets Protection Act of 2018 [HB-2319]
[Finance ]
[Consumer Protection ]
[Investments ]
Consumer Financial Choice and Capital Markets Protection Act of 2018 This bill amends the Investment Company Act of 1940 to allow a money market fund, under specified conditions, to elect to operate using a different method of valuation than is otherwise required. Under specified conditions, a money market fund shall not be subject to certain requirements related to the imposition of liquidity fees. Certain federal assistance may not be provided directly to any money market fund. This limitation on federal assistance must be disclosed in a money
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HB-2319: Consumer Financial Choice and Capital Markets Protection Act of 2018
Sponsored by: Rep. Alexander Mooney
Reported (amended) By The Committee On Financial Services. H. Rept. 115-903. on 08/24/2018
Crowdfunding Enhancement Act [S.1031]
[Finance ]
[Technology and Innovation ]
[Small Business ]
[Consumer Protection ]
[Economic Development ]
[Investments ]
Crowdfunding Enhancement Act This bill amends the Securities Act of 1933 to allow a crowdfunding issuer to sell shares through a crowdfunding vehicle. (Crowdfunding is a method of capital formation in which groups of people pool money either to invest in a company or to support an effort by others to accomplish a specific goal.) A "crowdfunding vehicle" is a company that: has purposes limited to acquiring, holding, and disposing securities issued by a single company; issues only one class of securities; receives no compensation for such acquisition,
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S.1031: Crowdfunding Enhancement Act
Sponsored by: Sen. Steve Daines
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/03/2017
Putting Main Street FIRST Act Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act [HB-2306]
[Finance ]
[Taxes ]
[Small Business ]
[Trade ]
[Investments ]
Putting Main Street FIRST Act Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act This bill amends the Internal Revenue Code to impose a .03% excise tax on the purchase of a security if: (1) such purchase occurs on, or is subject to the rules of, a qualified board or exchange located in the United States; or (2) the purchaser or seller is a U.S. person. A "security" includes: (1) any share of stock in a corporation, (2) any partnership or beneficial ownership interest in a partnership or trust; (3) any note, bond,
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HB-2306: Putting Main Street FIRST Act Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act
Sponsored by: Rep. Raul Grijalva
Introduced In House on 05/03/2017