Financial Services And Investments
US Congress 115th Congress
PROSPERS Act Preserve Rights Of States and Political subdivisions to Encourage Retirement Savings Act [S.1035]
[Retirement ]
[Labor, Jobs, Employment ]
[Pensions ]
PROSPERS Act Preserve Rights Of States and Political subdivisions to Encourage Retirement Savings Act This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to specify that states and certain political subdivisions may establish and administer voluntary payroll deduction retirement savings programs for private sector employees that are not considered employee pension benefit plans or pension plans covered by ERISA if the plans meet certain requirements. The bill requires the plans to be established, implemented, and administered
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Sponsored by: Sen. Dianne Feinstein
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 05/03/2017
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Carried Interest Fairness Act of 2017 [HB-2295]
[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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Sponsored by: Rep. Raul Grijalva
Introduced In House on 05/02/2017
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HOME Act Housing Opportunities Made Easier Act [HB-2255]
[Housing ]
[Small Business ]
[Senior Citizens ]
[Law Enforcement ]
[Consumer Protection ]
[Finance ]
HOME Act Housing Opportunities Made Easier Act TITLE I--HOUSING OPPORTUNITIES MADE EASIER (Sec. 101) This bill amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to an organization that is eligible to receive tax-deductible charitable contributions to be customary and reasonable. TITLE II--EXPANDING ACCESS TO CAPITAL FOR RURAL JOB CREATORS (Sec. 201) The bill amends the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation within the Securities and Exchange Commission
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Sponsored by: Sen. Kyrsten Sinema
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/30/2018
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Directing certain officials of the executive branch to provide information to the House of Representatives that will enable the House to meet its constitutional responsibility to conduct oversight of the executive branch by investigating potential conflicts of interests of President Donald J. Trump. [HR-286]
[Ethics ]
[Law Enforcement ]
Directing certain officials of the executive branch to provide information to the House of Representatives that will enable the House to meet its constitutional responsibility to conduct oversight of the executive branch by investigating potential conflicts of interests of President Donald J. Trump. Declares that the House of Representatives directs President Trump to: (1) transmit to the House of Representatives copies of any document, correspondence, or other communication in possession of the Executive Office of the President that refers or relates
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Sponsored by: Rep. Katherine Clark
Referred To The Subcommittee On Economic Development, Public Buildings And Emergency Management. on 05/23/2017
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SAFE Act of 2017 Secure And Fair Enforcement Banking Act of 2017 [HB-2215]
[Cannabis ]
[Finance ]
[Small Business ]
[Insurance ]
[Law Enforcement ]
[Public Safety ]
SAFE Act of 2017 Secure And Fair Enforcement Banking Act of 2017 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
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Sponsored by: Rep. Sean Maloney
Referred To The Subcommittee On Crime, Terrorism, Homeland Security, And Investigations. on 09/21/2017
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Financial CHOICE Act of 2017 [HB-10]
[Finance ]
[Insurance ]
[Small Business ]
[Consumer Protection ]
[Investments ]
[Housing ]
[Real Estate ]
[Budget and Spending ]
[Taxes ]
[Technology and Innovation ]
[Trade ]
[Economic Development ]
[Senior Citizens ]
[Retirement ]
Financial CHOICE Act of 2017 (Sec. 2) This bill repeals provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and other laws. Any rule that was issued or revised pursuant to a provision repealed by the bill is nullified. TITLE I--ENDING "TOO BIG TO FAIL" AND BANK BAILOUTS Subtitle A--Repeal of the Orderly Liquidation Authority (Sec. 111) The bill repeals the orderly liquidation authority of the Federal Deposit Insurance Corporation (FDIC). The FDIC's orderly liquidation authority, as established under the Dodd-Frank Act, allows
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Sponsored by: Rep. Alexander Mooney
Committee On Banking, Housing, And Urban Affairs. Hearings Held. Hearings Printed: S.hrg. 115-108. on 07/13/2017
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Tax Fairness and Transparency Act [HB-2057]
[Finance ]
[Taxes ]
[International ]
Tax Fairness and Transparency Act This bill amends the Internal Revenue Code to limit the tax deduction of the interest expense of a U.S. corporation that is a member of a financial reporting group (a group that prepares consolidated financial statements according to accepted accounting principles or international financial reporting standards) to: (1) the amount of interest on indebtedness of the corporation includible in the corporation's gross income for the taxable year plus its proportionate share of the group's net interest expense in the
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 04/06/2017
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Ending Homelessness Act of 2017 [HB-2076]
[Housing ]
[Healthcare ]
[Funding ]
[Grants ]
[Human Services ]
[Poverty ]
[Mental Health ]
[Community Development ]
[Public Health ]
[Human Rights ]
[Children and Youth ]
Ending Homelessness Act of 2017 This bill amends the McKinney-Vento Homeless Assistance Act to make additional FY2018-FY2022 appropriations available for: (1) emergency relief grants to address the unmet needs of homeless populations in jurisdictions with the highest need, (2) rental assistance under the United States Housing Act of 1937 for persons and households who are homeless, and (3) homeless outreach and coordination services. Beginning in FY2018, the bill provides annual additional funds for: (1) the Housing Trust Fund to provide grants
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Sponsored by: Rep. Barbara Lee
Introduced In House on 04/06/2017
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Stop Tax Haven Abuse Act [HB-1932]
[Finance ]
[Taxes ]
[Trade ]
[Small Business ]
[Cybersecurity ]
[Economic Development ]
[Law Enforcement ]
[National Security ]
[Crime ]
Stop Tax Haven Abuse Act This bill authorizes the Department of the Treasury to impose restrictions on foreign jurisdictions or financial institutions to counter money laundering and efforts to significantly impede U.S. tax enforcement. The bill amends the Internal Revenue Code to: expand reporting requirements for certain foreign investments and accounts held by U.S. persons, establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under the Foreign Account Tax Compliance
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 04/05/2017
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Stop Tax Haven Abuse Act [S.851]
[Finance ]
[Taxes ]
[Trade ]
[International ]
[Small Business ]
[Investments ]
[Law Enforcement ]
[National Security ]
[Economic Development ]
[Crime ]
Stop Tax Haven Abuse Act This bill authorizes the Department of the Treasury to impose restrictions on foreign jurisdictions or financial institutions to counter money laundering and efforts to significantly impede U.S. tax enforcement. The bill amends the Internal Revenue Code to: expand reporting requirements for certain foreign investments and accounts held by U.S. persons, establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under the Foreign Account Tax Compliance
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Finance. on 04/05/2017
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A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes. [S.828]
[Finance ]
[Budget and Spending ]
A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes. This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as level 2B liquid assets if they are investment grade, liquid, and readily marketable. Under current law, corporate debt securities and publicly traded common-equity shares, but not municipal obligations, may be treated as level 2B liquid assets (which
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Sponsored by: Sen. Amy Klobuchar
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/05/2017
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Inclusive Prosperity Act of 2017 [S.805]
[Taxes ]
[Finance ]
[Investments ]
Inclusive Prosperity Act of 2017 This bill amends the Internal Revenue Code to: (1) impose an excise tax on the transfer of ownership in certain securities (covered transaction), including any share of stock in a corporation, any partnership or beneficial interest in a partnership or trust, any note, bond, debenture, or other evidence of indebtedness (excluding tax-exempt municipal bonds), or derivative financial instruments; (2) impose a penalty on taxpayers who fail to include a covered transaction on their tax return or information statement;
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Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Finance. on 04/03/2017
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Practice of Law Technical Clarification Act of 2017 [HB-1849]
[Consumer Protection ]
[Law Enforcement ]
[Finance ]
Practice of Law Technical Clarification Act of 2017 This bill amends the Fair Debt Collection Practices Act to exclude from the definition of "debt collector" any law firm or licensed attorney: (1) serving, filing, or conveying formal legal pleadings, discovery requests, or other documents pursuant to the applicable rules of civil procedure; or (2) communicating in connection with a legal action to collect a debt on behalf of a client in, or at the direction of, a court of law or in the enforcement of a judgment.
Sponsored by: Rep. Alexander Mooney
Hearings Held By The Subcommittee On Financial Institutions And Consumer Credit Prior To Referral. on 09/07/2017
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Stronger Enforcement of Civil Penalties Act of 2017 [S.779]
[Finance ]
[Law Enforcement ]
[Consumer Protection ]
[Cybersecurity ]
[Criminal Justice ]
[Crime ]
Stronger Enforcement of Civil Penalties Act of 2017 This bill amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to increase civil and administrative monetary penalties for securities laws violations. The bill also adds a fourth tier of monetary penalties for violations by a person that, within the five-year period preceding the violation: (1) was criminally convicted for securities fraud; or (2) became subject to a judgment or order imposing monetary,
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Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. (sponsor Introductory Remarks On Measure: Cr S2153-2154) on 03/30/2017