Interest, Dividends, Interest Rates
US Congress 116th Congress
SAFE Lending Act of 2019 Stopping Abuse and Fraud in Electronic Lending Act of 2019 [S.656]
[Consumer Protection ]
[Finance ]
[Small Business ]
[Data Privacy ]
Revises requirements related to consumer financial protection and small-dollar lending, including matters concerning remotely created checks, electronic fund transfers, registration of small-dollar lenders, overdraft fees, and the collection of personal information. Under the bill, remotely created checks may only be issued by a person specifically designated in writing by a consumer and provided to the consumer's depository institution. (A remotely created check is a check not issued by the bank and not signed by the account owner.) A voluntary
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Taxpayer Penalty Protection Act of 2019 [HB-1300]
[Taxes ]
Reduces the amount of estimated income tax that certain taxpayers are required to pay for 2018. Presently, a penalty applies if taxpayers do not use either withholding or estimated tax payments to make a required annual payment before the end of the year. The required payment is the lesser of 90% of the tax for the taxable year or a specified percentage of the preceding year's tax. For 2018, the bill reduces the percentage of the preceding year's tax from 100% to 80%. For taxpayers with adjusted gross incomes for the preceding year that exceed $150,000,
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US Congress 116th Congress
Clyde-Hirsch-Sowers RESPECT Act Restraining Excessive Seizure of Property through the Exploitation of Civil Asset Forfeiture Tools Act [HB-1219]
[Finance ]
[Taxes ]
[Law Enforcement ]
[Criminal Justice ]
[National Security ]
[Property Tax ]
[Public Safety ]
[Crime ]
Revises the authority and procedures that the Internal Revenue Service (IRS) uses to seize property that has been structured to avoid Bank Secrecy Act (BSA) reporting requirements. The IRS may only seize property it suspects has been structured to avoid BSA reporting requirements if the property was derived from an illegal source or the funds were structured to conceal the violation of a criminal law or regulation other than structuring transactions to evade BSA reporting requirements. Within 30 days of seizing property, the IRS must (1) make a
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US Congress 116th Congress
Student Loan Disclosure Modernization Act [HB-1161]
[Student Loans ]
[Consumer Protection ]
[Education ]
Requires loan disclosure forms for federal student loans to be written in plain language, thus enabling borrowers to understand loan terms, total costs of loans, and estimated monthly repayments. Borrowers must acknowledge in writing that they have read the form before the loans are issued.
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US Congress 116th Congress
Employer Participation in Repayment Act of 2019 [S.460]
[Student Loans ]
[Taxes ]
[Labor, Jobs, Employment ]
[Education ]
Expands the tax exclusion for employer-provided educational assistance to include payments of qualified education loans by an employer to either an employee or a lender.
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US Congress 116th Congress
Social Security 2100 Act [S.269]
[Social Security ]
[Taxes ]
[Medicare and Medicaid ]
[Senior Citizens ]
[Budget and Spending ]
Increases various Old Age, Survivors, and Disability Insurance (OASDI) benefits and related taxes. The bill increases the primary insurance amount (e.g., the amount a Social Security beneficiary receives if the beneficiary begins receiving benefits at normal retirement age) by increasing the percentage of the beneficiary's average indexed monthly earnings used to calculate the amount. The Bureau of Labor Statistics shall publish a Consumer Price Index for Elderly Consumers, which the Social Security Administration (SSA) shall use to calculate cost-of-living
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US Congress 116th Congress
Transparency in Student Lending Act [S.234]
[Student Loans ]
[Education ]
[Consumer Protection ]
Requires an institution of higher education to disclose, prior to disbursement, the annual percentage rate applicable to a federal student loan.
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US Congress 116th Congress
Preserving American Justice Act [S.230]
[Crime ]
[Taxes ]
[International ]
[National Security ]
[Criminal Justice ]
A bill to require a report on foreign nationals who flee from the United States while awaiting trial or sentencing for a criminal offense committed in the United States, to establish a list of countries who have assisted or facilitated with such departures, to penalize parties connected to such departures, and to amend the Internal Revenue Code of 1986 to prohibit the exclusion from gross income from certain investments made by foreign governments who are identified on such list.
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Back Pay Fairness Act of 2019 [S.222]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Funding ]
[Pensions ]
Requires interest to be added to the back pay of federal employees who were not paid during a lapse in appropriations.
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US Congress 116th Congress
Family Savings Act of 2019 [HB-1084]
[Taxes ]
[Family-Related Legislation ]
[Retirement ]
[Education ]
[Children and Youth ]
Modifies requirements for tax-exempt multi-employer and pooled employer retirement plans and expands qualified tuition plans (commonly known as 529 plans) to cover additional programs and expenses. Among other things, the bill treats certain education fellowships and stipend payments as compensation for Individual Retirement Account (IRA) purposes, repeals the maximum age for contributions to a traditional IRA, increases the credit limitation for small employer pension plan startup costs, allows a new tax credit for small employer automatic enrollment
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Student Loan Interest Tax Deduction Expansion Act [HB-1070]
[Student Loans ]
[Taxes ]
[Education ]
Modifies the tax deduction for interest on qualified education loans to increase (1) the dollar limitation on the deduction to $7,500 ($15,000 in the case of a joint return), and (2) the limitation on modified adjusted gross income to $100,000 (twice the amount in the case of a joint return).
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Back Pay Fairness Act of 2019 [HB-1051]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Funding ]
[Pensions ]
Requires interest to be added to the back pay of federal employees who were not paid during a lapse in appropriations.
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US Congress 116th Congress
Employer Participation in Repayment Act of 2019 [HB-1043]
[Student Loans ]
[Taxes ]
[Labor, Jobs, Employment ]
[Education ]
Expands the tax exclusion for employer-provided educational assistance to include payments of qualified education loans by an employer to either an employee or a lender.
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US Congress 116th Congress
Tax Cuts and Jobs Middle Class Enhancement Act [HB-957]
[Taxes ]
[Budget and Spending ]
[Children and Youth ]
The bill makes permanent the tax reductions and other provisions for individuals that were enacted in P.L 115-97 (commonly known as the Tax Cuts and Jobs Act) and are scheduled to expire at the end of 2025. The bill also increases the standard deduction, makes permanent the reduction in the adjusted gross income threshold that must be exceeded before a taxpayer is allowed to claim an itemized deduction for medical expenses, and increases the refundable portion of the child tax credit.
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US Congress 116th Congress
North American Wetlands Conservation Extension Act [HB-925]
[Environmental ]
[Public Lands and National Parks ]
[Animals ]
[Water ]
[Funding ]
[Grants ]
Reauthorizes the North American Wetlands Conservation Act through FY2024.
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US Congress 116th Congress
Social Security 2100 Act [HB-860]
[Social Security ]
[Taxes ]
[Medicare and Medicaid ]
[Senior Citizens ]
[Budget and Spending ]
Increases various Old Age, Survivors, and Disability Insurance (OASDI) benefits and related taxes. The bill increases the primary insurance amount (e.g., the amount a Social Security beneficiary receives if the beneficiary begins receiving benefits at normal retirement age) by increasing the percentage of the beneficiary's average indexed monthly earnings used to calculate the amount. The Bureau of Labor Statistics shall publish a Consumer Price Index for Elderly Consumers, which the Social Security Administration (SSA) shall use to calculate cost-of-living
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Protecting Families from Government Shutdowns Act [HB-819]
[Consumer Protection ]
[Housing ]
[Finance ]
[Budget and Spending ]
[Public Safety ]
Makes it unlawful for an entity to do any of the following with respect to a person if the person is unable to meet an obligation because government service is unavailable during a lapse in appropriations: (1) debt collection; (2) collection of interest on loans accrued during the lapse; (3) eviction; (4) foreclosure; (5) acceleration or downgrading of credit; or (6) enforcement of any other obligation required by law or contract that relies on a government service that is unavailable during a lapse in appropriations. Penalty provisions in a contract
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Transparency in Student Lending Act [HB-811]
[Student Loans ]
[Consumer Protection ]
[Education ]
Requires an institution of higher education to disclose, prior to disbursement, the annual percentage rate applicable to a federal student loan.
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Student Loan Relief for Feds Act [HB-781]
[Student Loans ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Funding ]
[Education ]
Makes federal student loans eligible for deferment during federal government shutdowns. Specifically, the bill allows affected federal, state, and District of Columbia employees and contractors to apply for deferment on their student loan payments during a shutdown and for three months after the shutdown has ended.
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US Congress 116th Congress
Energy Innovation and Carbon Dividend Act of 2019 [HB-763]
[Energy ]
[Environmental ]
[Taxes ]
[Climate Change ]
[Trade ]
[Budget and Spending ]
[Agriculture ]
[Air Quality ]
Imposes a fee on the carbon content of fuels, including crude oil, natural gas, coal, or any other product derived from those fuels that will be used so as to emit greenhouse gases into the atmosphere. The fee is imposed on the producers or importers of the fuels and is equal to the greenhouse gas content of the fuel multiplied by the carbon fee rate. The rate begins at $15 in 2019, increases by $10 each year, and is subject to further adjustments based on the progress in meeting specified emissions reduction targets. The bill also imposes a specified
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