Inflation And Prices
US Congress 114th Congress
Child and Dependent Care FSA Enhancement Act [S.215]
[Taxes ]
[Family-Related Legislation ]
[Children and Youth ]
Child and Dependent Care FSA Enhancement Act Amends the Internal Revenue Code to increase to $7,500 the amount of employer-provided dependent care assistance that an employee may exclude from gross income. Allows an annual inflation adjustment to such increased amount after 2016.
Sponsored by: Sen. Kirsten E. Gillibrand
Read Twice And Referred To The Committee On Finance. on 01/21/2015
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American Energy Innovation Act [S.2089]
[Energy ]
[Environmental ]
[Taxes ]
[Public Lands and National Parks ]
[Climate Change ]
[Water ]
[Cybersecurity ]
[Infrastructure ]
[Budget and Spending ]
American Energy Innovation Act This bill encourages and establishes requirements concerning: energy efficiency in the electricity grid, the manufacturing sector, certain vehicles and trucks, buildings, homes, and the federal government; protection of the bulk-power system from cybersecurity threats; the security and resiliency of the energy network and applications, including electric, natural gas, and oil exploration, transmission, and delivery; the modernization of energy infrastructure at the federal and state level; the development or deployment
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Sponsored by: Sen. Jack Reed
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 241. on 09/29/2015
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US Congress 114th Congress
Prescription Drug Affordability Act of 2015 [S.2023]
[Healthcare ]
[Medicare and Medicaid ]
[Pharmaceuticals ]
[Consumer Protection ]
[Trade ]
[Public Health ]
Prescription Drug Affordability Act of 2015 This bill amends titles XVIII (Medicare) and XIX (Medicaid) of the Social Security Act to modify provisions related to the affordability of prescription drugs under the Medicare and Medicaid programs. Specifically, the bill: requires the Centers for Medicare & Medicaid to negotiate lower prices on behalf of beneficiaries for drugs covered under Medicare Part D; accelerates closure of the Medicare Part D coverage gap known as the "donut hole," under which beneficiaries who have reached a certain level of
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Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Finance. on 09/10/2015
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TRAFFIC Relief Act Tax Relief And #FixTheTrustFund For Infrastructure Certainty Act of 2015 [S.1994]
[Taxes ]
[Infrastructure ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Family-Related Legislation ]
[Children and Youth ]
TRAFFIC Relief Act Tax Relief And #FixTheTrustFund For Infrastructure Certainty Act of 2015 This bill amends the Internal Revenue Code to phase in: (1) an increase of the excise tax rate on gasoline beginning in 2016 until such rate is 34.3 cents per gallon in calendar years beginning after 2018, and (2) a similar increase to 40.3 cents per gallon for diesel fuel and kerosene. The rates are to be adjusted for inflation for calendar years after 2019. The bill phases in increases in allocations of fuel excise tax amounts to the Mass Transit Account
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Sponsored by: Sen. Richard Durbin
Read Twice And Referred To The Committee On Finance. on 08/05/2015
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US Congress 114th Congress
Safeguarding American Families and Expanding Social Security Act of 2015 [S.1940]
[Social Security ]
[Senior Citizens ]
[Inflation ]
[Labor, Jobs, Employment ]
[Taxes ]
Safeguarding American Families and Expanding Social Security Act of 2015 This bill amends the Internal Revenue Code to prescribe special rules for the determination of taxable wages and self-employment income above the contribution and benefit base after 2015. Title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSAct) is amended to include surplus average indexed monthly earnings in the determination of primary OASDI amounts. The Bureau of Labor Statistics of the Department of Labor shall prepare and publish
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Sponsored by: Sen. Brian Schatz
Read Twice And Referred To The Committee On Finance. on 08/05/2015
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US Congress 114th Congress
Social Security 2100 Act [S.1904]
[Social Security ]
[Taxes ]
[Medicare and Medicaid ]
[Senior Citizens ]
[Budget and Spending ]
Social Security 2100 Act This bill amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSAct) to: increase the primary insurance amount formula factor from 90% to 93% for all eligible beneficiaries, beginning in 2016; revise computation of cost-of-living adjustments to use the Consumer Price Index for Elderly Consumers; increase the special minimum primary insurance amount for lifetime low earners based on years in the workforce. Amends the Internal Revenue Code (IRC) to increase the gross income threshold
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Sponsored by: Sen. Richard Blumenthal
Read Twice And Referred To The Committee On Finance. on 07/30/2015
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US Congress 114th Congress
Sound Dollar Act of 2015 [S.1848]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
[Inflation ]
Sound Dollar Act of 2015 This bill amends the Federal Reserve Act (FRA) to direct the Board of Governors of the Federal Reserve System and the Federal Open Market Committee (FOMC) to: (1) pursue the goal of long-term price stability, and (2) establish metrics to evaluate whether long-term price stability is being achieved. The bill also prescribes procedures for the establishment and evaluation of such metrics. The Board and the FOMC shall: (1) make such information available to the public on a website, and (2) report to Congress each time such
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Sponsored by: Sen. Mike Lee
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 07/23/2015
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Small Business Tax Compliance Relief Act of 2015 [S.1827]
[Taxes ]
[Small Business ]
[Pensions ]
[Retirement ]
[Healthcare ]
[Budget and Spending ]
[Finance ]
Small Business Tax Compliance Relief Act of 2015 This bill amends provisions of the the Internal Revenue Code relating to the taxation of small businesses to: allow small business entities with gross receipts not exceeding $10 million (currently, $5 million) to use the cash method of accounting and an exemption from the requirement to use inventories; eliminate restrictions on the depreciation of computers or peripheral equipment; extend the tax deduction for the health insurance costs of self-employed individuals; allow small business entities
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Sponsored by: Sen. David Vitter
Read Twice And Referred To The Committee On Finance. on 07/22/2015
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US Congress 114th Congress
Early Participation in Regulations Act of 2015 [S.1820]
[Small Business ]
[Consumer Protection ]
[Technology and Innovation ]
[Trade ]
[Economic Development ]
Early Participation in Regulations Act of 2015 (Sec. 2) This bill defines a "major rule" as a rule that the Office of Information and Regulatory Affairs (OIRA) determines is likely to impose: (1) an annual effect on the economy of $100 million or more; (2) a major increase in costs or prices for consumers, individual industries, government agencies, or geographic regions; or (3) significant adverse effects on competition, employment, investment, productivity, innovation, or the ability of U.S. enterprises to compete with foreign-based enterprises.
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Sponsored by: Sen. Heidi Heitkamp
Committee On Homeland Security And Governmental Affairs. Reported By Senator Johnson With An Amendment In The Nature Of A Substitute. With Written Report No. 114-343. Additional Views Filed. on 09/06/2016
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US Congress 114th Congress
Smarter Regs Act of 2015 Smarter Regulations Through Advance Planning and Review Act of 2015 [S.1817]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
[Economic Development ]
Smarter Regs Act of 2015 Smarter Regulations Through Advance Planning and Review Act of 2015 (Sec. 2) This bill requires a federal agency, when publishing a proposed major rule and when publishing a final major rule, to include a framework for assessing the rule. The bill defines "major rule" as any rule that the Office of Information and Regulatory Affairs (OIRA) finds has resulted in or is likely to result in: (1) an annual effect on the economy of $100 million or more; (2) a major increase in costs or prices for consumers, individual industries,
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Sponsored by: Sen. Mark R. Warner
Committee On Homeland Security And Governmental Affairs. Reported By Senator Johnson With An Amendment In The Nature Of A Substitute. With Written Report No. 114-282. on 06/20/2016
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US Congress 114th Congress
Centennial Monetary Commission Act of 2015 [S.1786]
[Finance ]
[Budget and Spending ]
[Inflation ]
[Economic Development ]
Centennial Monetary Commission Act of 2015 This bill establishes the Centennial Monetary Commission to: (1) examine how U.S. monetary policy since the creation of the Federal Reserve Board in 1913 has affected the performance of the U.S. economy in terms of output, employment, prices, and financial stability over time; (2) evaluate various operational regimes under which the Board and the Federal Open Market Committee may conduct monetary policy in terms achieving the maximum sustainable level of output and employment and price stability over the
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Sponsored by: Sen. John Cornyn
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. (text Of Measure As Introduced: Cr S5172-5173) on 07/16/2015
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US Congress 114th Congress
TIRES Act Tribal Infrastructure and Roads Enhancement and Safety Act [S.1776]
[Transportation and Motor Vehicles ]
[Infrastructure ]
[Native American Affairs ]
[Public Safety ]
[Environmental ]
[Budget and Spending ]
TIRES Act Tribal Infrastructure and Roads Enhancement and Safety Act (Sec. 3) This bill modifies the approval process used for certain transportation projects on Indian reservations by furnishing categorical exclusions from National Environmental Policy Act (NEPA) requirements and establishing expedited approval procedures. (A "categorical exclusion" is a category of actions which do not individually or cumulatively have a significant effect on the human environment and which have been found to have no such effect in procedures adopted by a federal
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Sponsored by: Sen. Mike Rounds
Message On Senate Action Sent To The House. on 12/12/2016
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US Congress 114th Congress
A bill to repeal the provision of law that provides automatic pay adjustments for Members of Congress. [S.17]
[Budget and Spending ]
[Labor, Jobs, Employment ]
A bill to repeal the provision of law that provides automatic pay adjustments for Members of Congress. Amends the Legislative Reorganization Act of 1946 to eliminate automatic pay adjustments for Members of Congress.
Sponsored by: Sen. Claire McCaskill
Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 01/06/2015
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US Congress 114th Congress
Responsible Estate Tax Act [S.1677]
[Taxes ]
[Finance ]
[Budget and Spending ]
[Property Tax ]
Responsible Estate Tax Act Amends the Internal Revenue Code, with respect to estate, gift, and generation-skipping transfer taxes, to: (1) revise estate tax rates to impose an increased tax for estates over $3.5 million and a maximum tax rate of 55% for estates over $50 million, (2) impose a 10% surtax on estates over $500 million, (3) reduce the basic estate tax exclusion amount to $3.5 million, (4) increase to $3 million the reduction in valuations of farmland for estate tax purposes and adjust such increased amount for inflation after 2014, and
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Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Finance. on 06/25/2015
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US Congress 114th Congress
A bill to amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation. [S.1660]
[Taxes ]
[Budget and Spending ]
[Agriculture ]
[Small Business ]
A bill to amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation. This bill amends the Internal Revenue Code to make permanent the additional 50% depreciation allowance, known as bonus depreciation, for depreciable business property (i.e., qualified property) placed in service after December 31, 2014. The term "qualified property" is modified to include qualified improvement property, in lieu of qualified leasehold improvement property, which is defined as any improvement to an interior portion of a building that
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Sponsored by: Sen. Roy Blunt
Read Twice And Referred To The Committee On Finance. on 06/24/2015
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US Congress 114th Congress
FAIR Act Federal Adjustment of Income Rates Act of 2015 [S.164]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Veterans ]
FAIR Act Federal Adjustment of Income Rates Act of 2015 Increases by 3.8% in FY2016 the rate of basic pay for federal employees under the statutory pay systems (relating to the General Schedule, the U.S. Foreign Service, and the Veterans Health Administration) and for prevailing rate employees.
Sponsored by: Sen. Edward J. Markey
Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 01/13/2015
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US Congress 114th Congress
Paying a Fair Share Act of 2015 [S.161]
[Taxes ]
[Budget and Spending ]
[Inflation ]
Paying a Fair Share Act of 2015 Amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax). Establishes the amount of such tax as the excess (if any) of the tentative fair share tax over the excess of: (1) the sum of the taxpayer's regular tax liability, the alternative minimum tax (AMT) amount, and
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Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. on 01/13/2015
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US Congress 114th Congress
Fair Elections Now Act [S.1538]
[Elections ]
[Voting Rights ]
[Finance ]
[Taxes ]
[Funding ]
[Budget and Spending ]
[Media and Advertising ]
Fair Elections Now Act Amends the Federal Election Campaign Act of 1971 (FECA) with respect to: eligibility and qualifying contribution requirements and benefits of fair elections financing of Senate election campaigns, establishment of a Fair Elections Fund, eligibility for Fund allocations, contribution and expenditure requirements, a public debate requirement, certification of whether or not a federal election candidate is a participating candidate, benefits for participating candidates, 600% matching payments to candidates for certain small
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Sponsored by: Sen. Edward J. Markey
Read Twice And Referred To The Committee On Finance. (sponsor Introductory Remarks On Measure: Cr S4098-4099; Text Of Measure As Introduced: Cr S4025-4031) on 06/10/2015
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US Congress 114th Congress
MOVE Act Mobility and Opportunity for Vulnerable Employees Act [S.1504]
[Labor, Jobs, Employment ]
[Consumer Protection ]
[Small Business ]
MOVE Act Mobility and Opportunity for Vulnerable Employees Act This bill: (1) prohibits employers from entering into not to compete covenants with low-wage employees engaged in commerce or in the production of goods for commerce, and (2) requires an employer of such employees to post notice of such prohibition in a conspicuous place on the employer's premises. The bill defines "low-wage employee" as an employee who earns less than: (1) $15 per hour or the state or local minimum wage, or (2) $31,200 per year. In order for an employer to require such
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 06/04/2015
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US Congress 114th Congress
Veterans' Compensation Cost-of-Living Adjustment Act of 2015 [S.1493]
[Veterans ]
[Social Security ]
[Disabilities ]
[Inflation ]
[Medicare and Medicaid ]
[Budget and Spending ]
Veterans' Compensation Cost-of-Living Adjustment Act of 2015 (Sec. 2) Directs the Department of Veterans Affairs (VA) to increase, as of December 1, 2015, the rates of veterans' disability compensation, additional compensation for dependents, the clothing allowance for certain disabled veterans, and dependency and indemnity compensation for surviving spouses and children. Requires each such increase to be the same percentage as the increase in benefits provided under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act,
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Sponsored by: Sen. Bernard Sanders
Message On Senate Action Sent To The House. on 10/26/2015