Interest, Dividends, Interest Rates
US Congress 114th Congress
Student Loan Fair Prepayment Act [HB-3786]
[Student Loans ]
[Education ]
[Consumer Protection ]
Student Loan Fair Prepayment Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to require a student loan borrower's prepayment amount on a Federal Family Education Loan, Federal Direct Loan, or Federal Perkins Loan to be applied first toward outstanding fees and then, unless a borrower requests otherwise, in the following order: (1) toward the principle due on the loan with the highest interest rate, if multiple loans have different interest rates; and (2) toward the principle due on the loan with the highest
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Sponsored by: Rep. Alcee L. Hastings
Referred To The Subcommittee On Higher Education And Workforce Training. on 03/23/2016
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America First Act [HB-3777]
[Budget and Spending ]
[Healthcare ]
[Medicare and Medicaid ]
[Taxes ]
[Student Loans ]
[Social Security ]
[Agriculture ]
[Transportation and Motor Vehicles ]
[Finance ]
[Insurance ]
[Pensions ]
[Retirement ]
America First Act This bill increases discretionary spending limits, repeals sequestration for direct spending, and includes offsets that change direct spending programs and tax provisions. The bill amends the Balanced Budget and Emergency Deficit Control Act of 1985 to increase the discretionary spending limits for FY2016-FY2025 and to eliminate the sequestration for direct spending that is required under current law. The bill permanently extends two expansions of the Earned Income Tax Credit, limits tax deductions for high-income individuals,
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Sponsored by: Rep. E. Scott Rigell
Referred To The Subcommittee On Higher Education And Workforce Training. on 03/23/2016
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Debt Ceiling Alternative Act [HB-3753]
[Budget and Spending ]
[Real Estate ]
[Social Security ]
[Finance ]
[Taxes ]
[Property Tax ]
Debt Ceiling Alternative Act This bill establishes requirements for prioritizing obligations and selling federal assets if the federal debt reaches the statutory limit. If the Department of the Treasury estimates that the debt will reach the limit during a quarter, the President must ensure that the amount deposited in the Treasury from selling federal assets, disposing of real property, and rescinding unobligated balances is sufficient to prevent the debt from reaching the limit. To comply with this bill, the President may order the sale of assets,
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Sponsored by: Rep. David Schweikert
Introduced In House on 10/09/2015
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US Congress 114th Congress
Earnings Contingent Education Loans Act of 2015 ExCEL Act of 2015 [HB-3752]
[Student Loans ]
[Education ]
[Social Security ]
[Taxes ]
Earnings Contingent Education Loans Act of 2015 ExCEL Act of 2015 This bill amends the Higher Education Act of 1965 to replace several existing federal student loan programs with a single repayment plan that caps annual debt repayments based on the borrower's income. The bill terminates the authority of the Department of Education (ED) to make federal Direct Stafford Loans, Direct Unsubsidized Stafford Loans, and Direct PLUS loans, subject to exceptions for existing student borrowers, PLUS loans made to parents of undergraduates, and Direct Consolidation
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Sponsored by: Rep. Jared Polis
Referred To The Subcommittee On Higher Education And Workforce Training. on 03/23/2016
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Federal Student Loan Refinancing Act [HB-3751]
[Student Loans ]
[Education ]
Federal Student Loan Refinancing Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow borrowers that received loans under the William D. Ford Federal Direct Loan (DL) or Federal Family Education Loan (FFEL) program on or after July 1, 2006, to consolidate those loans as Federal Direct Consolidation Loans. It directs the Department of Education (ED) to consolidate DLs, and send a completed loan consolidation application to FFEL borrowers, within 90 days of this bill's enactment. It gives FFEL borrowers six
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Sponsored by: Rep. Tony Cardenas
Referred To The Subcommittee On Higher Education And Workforce Training. on 03/23/2016
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1099 Filing Simplification Act [HB-3701]
[Taxes ]
[Small Business ]
1099 Filing Simplification Act This bill directs the Internal Revenue Service (IRS) to provide taxpayers with online access to IRS resources and guidance that will allow them to: (1) prepare and file (in batches of not more than 50) Forms 1099, (2) prepare Forms 1099 for distribution to recipients other than the IRS, and (3) create and maintain necessary taxpayer records. The online resources and guidance must be available within one year after the enactment of this Act specifically to help taxpayers prepare and file Forms 1099-MISC.
Sponsored by: Rep. Diane Black
Introduced In House on 10/07/2015
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Earnings Contingent Education Loans Act of 2015 ExCEL Act of 2015 [HB-3695]
[Student Loans ]
[Education ]
Earnings Contingent Education Loans Act of 2015 ExCEL Act of 2015 This bill amends the Higher Education Act of 1965 to replace several existing federal student loan programs with a single repayment plan that caps annual debt repayments based on the borrower's income. The bill terminates the authority of the Department of Education (ED) to make federal Direct Stafford Loans, Direct Unsubsidized Stafford Loans, and Direct PLUS loans, subject to exceptions for existing student borrowers, PLUS loans made to parents of undergraduates, and Direct Consolidation
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Sponsored by: Rep. Lee Zeldin
Referred To The Subcommittee On Higher Education And Workforce Training. on 03/23/2016
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Student Borrower Fairness Act [HB-3675]
[Student Loans ]
[Finance ]
[Taxes ]
[Education ]
[Budget and Spending ]
[Consumer Protection ]
Student Borrower Fairness Act This bill amends the Higher Education Act of 1965 to permit student loan borrowers to refinance their loans at interest rates offered on loans to banks by the Federal Reserve System. The cost of this bill is offset by an amendment to the Internal Revenue Code that increases the corporate income rate on companies that pay their chief executive officers or highest paid employees more than 100 times the median compensation of all their employees.
Sponsored by: Rep. Judy Chu
Referred To The Subcommittee On Higher Education And Workforce Training. on 03/23/2016
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Fairness and Opportunities for Married Households With Student Loans Act [HB-3623]
[Student Loans ]
[Taxes ]
Fairness and Opportunities for Married Households With Student Loans Act This bill amends the Internal Revenue Code to increase to $5,000 the tax deduction for interest on education loans for married couples filing a joint tax return.
Sponsored by: Rep. Danny K. Davis
Sponsor Introductory Remarks On Measure. (cr H7197) on 10/27/2015
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Mortgage Fairness Act of 2015 [HB-3393]
[Finance ]
[Real Estate ]
[Housing ]
[Consumer Protection ]
[Property Tax ]
Mortgage Fairness Act of 2015 This bill amends the Truth in Lending Act to revise points and fees under a high-cost mortgage which currently include all compensation paid directly or indirectly by a consumer or creditor to a mortgage originator from any source, including a mortgage originator that is also the creditor in a table-funded transaction. "Table funding" means a settlement at which a loan is funded by a contemporaneous advance of loan funds and an assignment of the loan to the person advancing the funds. A table-funded transaction is not
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Sponsored by: Sen. Martha McSally
Introduced In House on 07/29/2015
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US Congress 114th Congress
FORM Act of 2015 Fed Oversight Reform and Modernization Act of 2015 [HB-3189]
[Finance ]
[Budget and Spending ]
FORM Act of 2015 Fed Oversight Reform and Modernization Act of 2015 (Sec. 1) This bill amends the Federal Reserve Act to require the Chairman of the Federal Open Market Committee (FOMC), within 48 hours after the end of a FOMC meeting, to submit to the appropriate congressional committees and the Government Accountability Office (GAO) a Directive Policy Rule, meeting specified criteria, accompanied by a statement identifying the FOMC members voting in its favor. A Directive Policy Rule shall describe the FOMC strategy or rule for the systematic
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Sponsored by: Rep. Alexander Mooney
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 12/17/2015
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Empowering Students Through Enhanced Financial Counseling Act [HB-3179]
[Student Loans ]
[Education ]
[Funding ]
[Budget and Spending ]
[Consumer Protection ]
Empowering Students Through Enhanced Financial Counseling Act (Sec. 2) This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to modify loan counseling requirements for an institution of higher education (IHE) that participates in federal student aid programs. Currently, an IHE must provide entrance counseling to a student who is a first-time federal student loan borrower. This bill replaces required entrance counseling with required annual counseling. Also, it expands the required recipients of such annual counseling
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Sponsored by: Rep. Raul M. Grijalva
Received In The Senate And Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 07/12/2016
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Military Consumer Protection Act [HB-2979]
[Consumer Protection ]
[Military ]
[Veterans ]
[Finance ]
[Housing ]
Military Consumer Protection Act This bill amends the Consumer Financial Protection Act to extend Consumer Financial Protection Bureau oversight and protection to provisions under the Servicemembers Civil Relief Act concerning: future financial transactions, excluding insurance; default judgments, excluding child custody proceedings; interest rates on pre-service debts; evictions; purchase or lease installment contracts; mortgages and trusts; motor vehicle leases; telephone service contracts; and waiver of rights pursuant to a written agreement,
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Sponsored by: Rep. Janice D. Schakowsky
Introduced In House on 07/08/2015
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US Congress 114th Congress
Stop Tax Haven Abuse Act [HB-297]
[Finance ]
[Taxes ]
[International ]
[Trade ]
[Budget and Spending ]
[Small Business ]
[Law Enforcement ]
[National Security ]
[Cybersecurity ]
[Economic Development ]
[Crime ]
Stop Tax Haven Abuse Act Authorizes the Secretary of the Treasury to impose restrictions on foreign jurisdictions or financial institutions operating in the United States that are of primary money laundering concern or that significantly impede U.S. tax enforcement. Amends the Internal Revenue Code to: expand reporting requirements for U.S. persons who hold an interest in a passive foreign investment company; establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under
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Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 01/13/2015
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US Congress 114th Congress
Partnership Audit Simplification Act of 2015 [HB-2821]
[Taxes ]
[Finance ]
[Small Business ]
Partnership Audit Simplification Act of 2015 Amends the Internal Revenue Code to revise rules for audits of large for-profit partnerships (partnerships with more than 100 partners). Repeals existing audit rules under Chapter 1 and Chapter 63 of the Internal Revenue Code. Allows partnerships with 100 or fewer partners to elect not to be covered by this provisions of this Act. Provides that items of partnership income, gain, loss, deductions, or credits shall be determined at the partnership level, instead of for each individual partner. Makes adjustments
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Sponsored by: Rep. Ron Kind
Introduced In House on 06/18/2015
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Pathways Out of Poverty Act of 2015 [HB-2721]
[Education ]
[Housing ]
[Healthcare ]
[Labor, Jobs, Employment ]
[Medicare and Medicaid ]
[Taxes ]
[Budget and Spending ]
[Food ]
[Poverty ]
[Unemployment ]
[Human Services ]
[Children and Youth ]
[Social Security ]
Pathways Out of Poverty Act of 2015 DIVISION A--EDUCATION TITLE I--STRONG START FOR AMERICA'S CHILDREN Subtitle A--Access to Voluntary Prekindergarten for Low- and Moderate-Income Families Directs the Department of Education (ED) to allot matching grants to states and, through them, subgrants to local educational agencies (LEAs), childhood education program providers, or consortia of those entities to implement high-quality prekindergarten programs for children from low-income families. Allots grants to states based on each state's proportion of
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Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Higher Education And Workforce Training. on 11/16/2015
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Servicemember Student Loan Affordability Act [HB-2718]
[Student Loans ]
[Veterans ]
[Military ]
Servicemember Student Loan Affordability Act Amends the Servicemembers Civil Relief Act to extend the 6% interest rate limitation on debt entered into during a servicemember's military service to any debt entered into to consolidate or refinance one or more student loans incurred before such service.
Sponsored by: Rep. Gus M. Bilirakis
Referred To The Subcommittee On Economic Opportunity. on 06/30/2015
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Bailout Prevention Act of 2015 [HB-2625]
[Finance ]
[Budget and Spending ]
Bailout Prevention Act of 2015 This bill amends the Federal Reserve Act, with respect to the discounting of obligations arising out of actual commercial transactions, to declare a borrower ineligible to borrow from any emergency lending program or facility unless the Board of Governors of the Federal Reserve System and all federal banking regulators with jurisdiction over the borrower certify that, at the time the borrower initially borrows under the program or facility, the borrower is not insolvent. A borrower shall be deemed insolvent for such
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Sponsored by: Rep. Michael E. Capuano
Introduced In House on 06/03/2015
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US Congress 114th Congress
Patriot Employer Tax Credit Act [HB-2619]
[Taxes ]
[Labor, Jobs, Employment ]
[Healthcare ]
[Retirement ]
[Veterans ]
[Small Business ]
[Military ]
Patriot Employer Tax Credit Act Amends the Internal Revenue Code to allow a Patriot employer a business-related tax credit for up to 10% of the first $15,000 of wages paid to any employee in a taxable year. Sets forth criteria for designation as a Patriot employer, including requirements that such employer: (1) maintains its headquarters in the United States and does not expatriate to avoid payment of U.S. income taxes, (2) complies with the employer mandate to provide minimum essential health care coverage to its employees under the Patient Protection
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Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 06/02/2015
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FairTax Act of 2015 [HB-25]
[Taxes ]
[Budget and Spending ]
[Medicare and Medicaid ]
[Social Security ]
[Healthcare ]
[Senior Citizens ]
[Poverty ]
FairTax Act of 2015 This bill is a tax reform proposal that imposes a national sales tax on the use or consumption in the United States of taxable property or services in lieu of the current income and corporate income tax, employment and self-employment taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2017, with adjustments to the rate in subsequent years. There are exemptions from the tax for used and intangible property, for property or services purchased for business, export, or investment purposes, and for state government
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Sponsored by: Rep. Steve Russell
Introduced In House on 01/06/2015