Interest, Dividends, Interest Rates
US Congress 114th Congress
HELPS Act Helping Employers Lessen Payments for Students Act of 2016 [HB-5415]
[Student Loans ]
[Taxes ]
[Education ]
[Labor, Jobs, Employment ]
HELPS Act Helping Employers Lessen Payments for Students Act of 2016 This bill amends the Internal Revenue Code to exclude from gross income of an employee up to $10,000 per year in education loan payments made by an employer on behalf of the employee.
Sponsored by: Sen. Martha McSally
Introduced In House on 06/09/2016
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Terrorist Asset Seizure Reform Act of 2016 [HB-5308]
[Finance ]
[National Security ]
[Law Enforcement ]
[Funding ]
[Grants ]
[Public Safety ]
[Crime ]
Terrorist Asset Seizure Reform Act of 2016 This bill directs the Department of the Treasury to require each financial institution to transfer annually to it all amounts of interest it has paid on certain frozen bank accounts, which shall be deposited into the Confiscated Assets Fund establish by this bill. With respect to certain frozen assets of a foreign terrorist organization or a specially designated terrorist, including a Specially Designated Global Terrorist, at the time an asset is frozen or otherwise blocked (or within six months of enactment
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Sponsored by: Rep. Ted Poe
Referred To The Subcommittee On Terrorism, Nonproliferation, And Trade. on 09/07/2016
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Student Loan Refinancing and Recalculation Act [HB-5274]
[Student Loans ]
[Education ]
Student Loan Refinancing and Recalculation Act
Sponsored by: Rep. Barbara Lee
Referred To The Subcommittee On Higher Education And Workforce Training. on 09/19/2016
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To amend the Internal Revenue Code of 1986 to expand rules related to investment by nonresident aliens in domestic mutual funds and business development companies. [HB-5184]
[Finance ]
[Taxes ]
[International ]
[Investments ]
To amend the Internal Revenue Code of 1986 to expand rules related to investment by nonresident aliens in domestic mutual funds and business development companies. This bill amends the Internal Revenue Code, with respect to the tax on nonresident alien individuals, to expand the categories of interest-related dividends for which a tax exemption is allowed.
Sponsored by: Rep. Erik Paulsen
Introduced In House on 05/10/2016
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Student Loan Interest Deduction Act of 2015 [HB-509]
[Student Loans ]
[Taxes ]
[Education ]
Student Loan Interest Deduction Act of 2015 Amends the Internal Revenue Code to: (1) increase the maximum tax deduction for interest paid on any qualified education loan to $5,000 ($10,000 for married couples filing a joint tax return), and (2) repeal the limitation on such deduction based upon modified adjusted gross income.
Sponsored by: Rep. Raul Grijalva
Introduced In House on 01/22/2015
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Public Employee Pension Transparency Act [HB-4822]
[Pensions ]
[Taxes ]
[Budget and Spending ]
[Labor, Jobs, Employment ]
[Retirement ]
Public Employee Pension Transparency Act This bill amends the Internal Revenue Code to deny tax benefits relating to bonds issued by a state or political subdivision during any period in which such state or political subdivision is noncompliant with specified reporting requirements for state or local government employee pension benefit plans. The bill requires plan sponsors of a state or local government employee pension benefit plan to file with the Secretary of the Treasury a report for each plan year beginning on or after January 1, 2017, setting
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Sponsored by: Rep. Todd Rokita
Introduced In House on 03/21/2016
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Interest for Others Act of 2016 [HB-4706]
[Taxes ]
[Nonprofit ]
[Finance ]
Interest for Others Act of 2016 This bill amends the Internal Revenue Code to allow individuals, trusts, or estates to exclude from gross income up to $50 of interest and money market fund dividend income that is contributed to charity using a program adopted by a financial institution or a money market fund. Details regarding the payments to charities must be reported to the Internal Revenue Service by any person that: (1) pays certain interest or dividends and has a charitable contribution program, or (2) is an aggregator that receives contributions
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Sponsored by: Rep. Collin Peterson
Introduced In House on 03/03/2016
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Parent PLUS Loan Improvement Act of 2016 [HB-4661]
[Student Loans ]
[Education ]
Parent PLUS Loan Improvement Act of 2016 This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to modify the applicable terms and conditions with respect to Federal Direct PLUS Loans to parent borrowers (i.e., parent PLUS loans). Specifically, it reduces the interest rate and eliminates the origination fee for a parent PLUS loan disbursed on or after July 1, 2016. The Department of Education must ensure, prior to disbursement, that a parent PLUS loan borrower receives counseling that includes comprehensive information
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Sponsored by: Rep. Marcia Fudge
Referred To The Subcommittee On Higher Education And Workforce Training. on 09/19/2016
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CLEAR Act Clarity in Lending for Education and Repayment Act [HB-4652]
[Student Loans ]
[Education ]
[Consumer Protection ]
CLEAR Act Clarity in Lending for Education and Repayment Act
Sponsored by: Rep. Raul Grijalva
Referred To The Subcommittee On Higher Education And Workforce Training. on 09/19/2016
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Stop Corporate Earnings Stripping Act of 2016 [HB-4581]
[Taxes ]
[Finance ]
[International ]
[Trade ]
[Budget and Spending ]
[Small Business ]
[Economic Development ]
Stop Corporate Earnings Stripping Act of 2016 This bill amends the Internal Revenue Code to limit the tax deduction available to certain foreign-controlled U.S. multinational corporations for excess interest on debt incurred by such corporation (i.e., earnings stripping) by: (1) repealing the debt-to-equity ratio threshold required for such deduction, (2) reducing the permitted net interest expense threshold from 50% to 25% of the corporation's adjusted taxable income, (3) repealing the carryforward of excess amounts of interest, and (4) limiting
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Sponsored by: Rep. Bill Pascrell
Introduced In House on 02/23/2016
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College for All Act [HB-4385]
[Education ]
[Student Loans ]
[Budget and Spending ]
[Funding ]
[Grants ]
College for All Act This bill directs the Department of Education (ED) to award grants to states to eliminate tuition and required fees at public institutions of higher education (IHEs). It also amends the Higher Education Act of 1965 to: modify provisions related to interest rates on federal student loans to revise rates applicable to new loans disbursed on or after July 1, 2016; allow student loan borrowers to modify interest rates on outstanding federal student loans to current rates; reauthorize the Federal Work Study program for FY2017-FY2021;
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Sponsored by: Rep. Richard Nolan
Referred To The Subcommittee On Higher Education And Workforce Training. on 03/23/2016
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American Business Competitiveness Act of 2015 [HB-4377]
[Taxes ]
[Small Business ]
[Trade ]
[Economic Development ]
American Business Competitiveness Act of 2015 This bill amends the Internal Revenue Code to: reduce the tax rate on the net business income of individual and corporate taxpayers to a maximum 25%; allow full expensing of deductible investment expenses in the current taxable year; redefine "net business income" to allow the deduction of the cost of business purchases; convert to a territorial system for taxing overseas income; apply the same tax rate to interest income of individuals that is applicable to dividends and capital gains income; and allow
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Sponsored by: Rep. Steve Russell
Introduced In House on 01/13/2016
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Servicemember Higher Education Protection Act [HB-4260]
[Student Loans ]
[Veterans ]
[Military ]
[Education ]
Servicemember Higher Education Protection Act This bill amends the Higher Education Act of 1965 to modify provisions related to student loans for members of the military and their spouses. The Department of Education (ED) shall make available a simplified disclosure and enrollment form for student loan borrowers who are performing eligible military service. The bill establishes, within the office of the Student Loan Ombudsman, a military and veteran point of contact. The bill modifies processes for determining disability with respect to discharging
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Sponsored by: Rep. Ryan Costello
Referred To The Subcommittee On Early Childhood, Elementary, And Secondary Education. on 03/23/2016
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Partnership to Build America Act of 2015 [HB-413]
[Infrastructure ]
[Finance ]
[Energy ]
[Telecommunications ]
[Transportation and Motor Vehicles ]
[Taxes ]
[Water ]
[Construction ]
[Education ]
Partnership to Build America Act of 2015 Establishes the American Infrastructure Fund (AIF) as a wholly-owned government corporation to provide bond guarantees and make loans to state and local governments, non-profit infrastructure providers, private parties, and public-private partnerships for state or local government sponsored transportation, energy, water, communications, or educational facility infrastructure projects (Qualified Infrastructure Projects [QIPs]). Authorizes AIF also to make equity investments in QIPs. Directs the Secretary of
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Sponsored by: Rep. Sean Maloney
Referred To The Subcommittee On Highways And Transit. on 01/21/2015
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Student Loan Relief Act of 2015 [HB-4102]
[Student Loans ]
[Taxes ]
[Education ]
[Labor, Jobs, Employment ]
Student Loan Relief Act of 2015 This bill authorizes the Department of the Treasury to establish a temporary three-year program to facilitate federal student loan refinancing into the private market, at no cost to the federal government, to ensure payment of lower interest rates on student loans. Private lenders under such refinancing program shall be eligible to receive a federal government guarantee of 95% of loans. Treasury shall, in consultation with the Department of Education, begin a national awareness campaign to alert student loan borrowers
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Sponsored by: Rep. Barbara Comstock
Referred To The Subcommittee On Higher Education And Workforce Training. on 03/23/2016
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Consumer Protection and Choice Act [HB-4018]
[Consumer Protection ]
[Finance ]
Consumer Protection and Choice Act This bill amends the Truth in Lending Act to prohibit a deferred presentment transaction except as provided under this Act. A "deferred presentment transaction" is one in which currency or other payment is provided to a consumer in exchange for a consumer's check or other payment instrument and an agreement that such check or payment instrument shall be held for a deferment period prior to presentment, deposit, or redemption. If the Consumer Financial Protection Bureau (CFPB) determines that a state has in effect
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Sponsored by: Rep. Kathy Castor
Introduced In House on 11/16/2015
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Student Loan Payment Optimization Act [HB-3947]
[Student Loans ]
[Education ]
Student Loan Payment Optimization Act
Sponsored by: Rep. Theodore Deutch
Referred To The Subcommittee On Higher Education And Workforce Training. on 03/23/2016
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Corporate Fair Share Tax Act [HB-3934]
[Taxes ]
[Finance ]
[Budget and Spending ]
[Small Business ]
Corporate Fair Share Tax 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 taxable
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Sponsored by: Rep. Barbara Lee
Introduced In House on 11/05/2015
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Employer Participation in Student Loan Assistance Act [HB-3861]
[Student Loans ]
[Taxes ]
[Education ]
[Labor, Jobs, Employment ]
Employer Participation in Student Loan Assistance Act This bill amends the Internal Revenue Code to extend the tax exclusion for employer-provided educational assistance to include payments of qualified education loans paid to either an employee or a lender.
Sponsored by: Rep. Dave Brat
Introduced In House on 10/29/2015
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ASSURE Act of 2015 Annuity Safety and Security Under Reasonable Enforcement Act of 2015 [HB-3850]
[Consumer Protection ]
[Finance ]
[Insurance ]
[Military ]
[Pensions ]
[Retirement ]
[Veterans ]
ASSURE Act of 2015 Annuity Safety and Security Under Reasonable Enforcement Act of 2015 Amends the Truth in Lending Act to direct the Consumer Financial Protection Bureau (CFPB) to issue regulations requiring any payment to a recipient of a federal or military pension (a benefit recipient) that diminishes the benefit recipient's ability to control payments from such pension to be treated as an extension of credit. Requires financial institutions to include the terms of such credit in consumer information disclosures. Prohibits the annual percentage
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Sponsored by: Rep. Gerald Connolly
Referred To The Subcommittee On Military Personnel. on 11/23/2015