Interest, Dividends, Interest Rates
US Congress 115th Congress
Empowering Students Through Enhanced Financial Counseling Act [HB-1635]
[Education ]
[Student Loans ]
[Funding ]
[Budget and Spending ]
[Consumer Protection ]
Empowering Students Through Enhanced Financial Counseling Act 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 to include,
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Sponsored by: Rep. David G. Valadao
Received In The Senate And Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 09/06/2018
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American Health Care Act of 2017 [HB-1628]
[Healthcare ]
[Medicare and Medicaid ]
[Taxes ]
[Insurance ]
[Public Health ]
[Mental Health ]
[Pharmaceuticals ]
American Health Care Act of 2017 TITLE I--ENERGY AND COMMERCE Subtitle A--Patient Access to Public Health Programs (Sec. 101) This bill amends the Patient Protection and Affordable Care Act (PPACA) to eliminate funding after FY2018 for the Prevention and Public Health Fund, which provides for investment in prevention and public health programs to improve health and restrain the rate of growth in health care costs. Funds that are unobligated at the end of FY2018 are rescinded. (Sec. 102) The bill amends the Medicare Access and CHIP Reauthorization
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Sponsored by: Rep. Diane Black
Motion By Senator Murray To Commit To Senate Committee On Health, Education, Labor, And Pensions With Instructions Rejected In Senate By Yea-nay Vote. 48 - 52. Record Vote Number: 178. on 07/28/2017
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Student Loan Refinancing Act [HB-1614]
[Student Loans ]
[Education ]
Student Loan Refinancing Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow a borrower of a Federal Direct Loan program loan to modify the interest rate on such a loan to the current applicable rate. That interest rate is fixed for the life of the loan, unless the borrower elects to modify it again.
Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 03/17/2017
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Justice for Servicemembers and Veterans Act of 2017 [S.646]
[Veterans ]
[Labor, Jobs, Employment ]
[Military ]
[Law Enforcement ]
[National Security ]
Justice for Servicemembers and Veterans Act of 2017 This bill authorizes the Department of Justice (DOJ) to initiate an action for relief in a service member's employment or reemployment rights action with respect to: (1) a private or state employer, or (2) a state or private employer that is engaged in a pattern or practice to infringe upon such rights. The bill provides that: (1) a person may bring an action against a state, state instrumentality, or state officer or employee acting in his or her official capacity in U.S. district court or state
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Veterans' Affairs. on 03/15/2017
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Corporate Tax Dodging Prevention Act [HB-1451]
[Taxes ]
[Finance ]
[Budget and Spending ]
[Energy ]
[Trade ]
Corporate Tax Dodging Prevention Act This bill amends the Internal Revenue Code, with respect to the taxation of the foreign-source income of domestic corporations, to: eliminate the deferral of tax on the foreign-source income of U.S. corporations for taxable years beginning after December 31, 2017; include previously deferred foreign-source income of corporations as taxable income; deny the foreign tax credit to large integrated oil companies that are dual capacity taxpayers; limit the offset of the foreign tax credit to income that is subject
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Sponsored by: Rep. Janice D. Schakowsky
Introduced In House on 03/09/2017
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Corporate Tax Dodging Prevention Act [S.586]
[Taxes ]
[Finance ]
[Budget and Spending ]
[Energy ]
Corporate Tax Dodging Prevention Act This bill amends the Internal Revenue Code, with respect to the taxation of the foreign-source income of domestic corporations, to: eliminate the deferral of tax on the foreign-source income of U.S. corporations for taxable years beginning after December 31, 2017; include previously deferred foreign-source income of corporations as taxable income; deny the foreign tax credit to large integrated oil companies that are dual capacity taxpayers; limit the offset of the foreign tax credit to income that is subject
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Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Finance. on 03/09/2017
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LEADS Act of 2017 Letter of Estimated Annual Debt for Students Act of 2017 [HB-1429]
[Student Loans ]
[Education ]
LEADS Act of 2017 Letter of Estimated Annual Debt for Students Act of 2017 This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to require an institution of higher education that participates in federal student aid programs to provide an annual estimate of borrowing costs to each enrolled student who receives an education loan. The cost estimate must include the student's cumulative education loan balance, projected monthly payment amount, and interest rate on each loan.
Sponsored by: Sen. Martha McSally
Introduced In House on 03/08/2017
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Transparency in Student Lending Act [HB-1283]
[Student Loans ]
[Education ]
[Consumer Protection ]
Transparency in Student Lending Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to expand disclosure requirements for an institution of higher education (IHE) that participates in the Direct Loan program. Specifically, it requires an IHE to disclose, prior to disbursement, the annual percentage rate applicable to a Direct Loan.
Sponsored by: Rep. David Scott
Introduced In House on 03/01/2017
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AGED Spirits Act Advancing Growth in the Economy through Distilled Spirits Act [S.429]
[Alcoholic Beverages ]
[Taxes ]
[Small Business ]
[Economic Development ]
AGED Spirits Act Advancing Growth in the Economy through Distilled Spirits Act This bill amends the Internal Revenue Code to exclude the aging period from the production period for distilled spirits that are fit to be used as a beverage, for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period.
Sponsored by: Sen. Rand Paul
Read Twice And Referred To The Committee On Finance. (text Of Measure As Introduced: Cr S1307) on 02/16/2017
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Social Security Expansion Act [S.427]
[Social Security ]
[Taxes ]
[Medicare and Medicaid ]
[Senior Citizens ]
[Budget and Spending ]
Social Security Expansion Act This bill amends title II (Old Age, Survivors, and Disability Insurance) of the Social Security Act to: (1) increase the primary insurance amount for all eligible beneficiaries, beginning in 2023; (2) revise computation of cost-of-living adjustments to use the Consumer Price Index for Elderly Consumers; and (3) increase the special minimum primary insurance amount for lifetime low earners based on years in the workforce. This bill amends the Internal Revenue Code to: (1) apply employment and self-employment taxes to
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Sponsored by: Sen. Cory A. Booker
Read Twice And Referred To The Committee On Finance. on 02/16/2017
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Aged Distilled Spirits Competitiveness Act [HB-1126]
[Alcoholic Beverages ]
[Taxes ]
Aged Distilled Spirits Competitiveness Act This bill amends the Internal Revenue Code to exclude the aging period from the production period for distilled spirits that are fit to be used as a beverage, for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period.
Sponsored by: Rep. Brett Guthrie
Introduced In House on 02/16/2017
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Social Security Expansion Act [HB-1114]
[Social Security ]
[Medicare and Medicaid ]
[Taxes ]
[Budget and Spending ]
[Senior Citizens ]
[Healthcare ]
[Retirement ]
Social Security Expansion Act This bill amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to: (1) increase the primary insurance amount for all eligible beneficiaries, beginning in 2023; (2) revise computation of cost-of-living adjustments to use the Consumer Price Index for Elderly Consumers; and (3) increase the special minimum primary insurance amount for lifetime low earners based on years in the workforce. This bill amends the Internal Revenue Code to: (1) apply employment and self-employment taxes to
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Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Social Security. on 03/01/2017
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Student Loan Fairness Act [HB-1127]
[Student Loans ]
[Education ]
[Consumer Protection ]
[Healthcare ]
[Taxes ]
Student Loan Fairness Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 (HEA) to establish a 10/10 Loan Repayment Plan that allows borrowers of Federal Family Education Loans (FFELs) and Direct Loans (DLs) to limit their monthly loan payments to one-twelfth of 10% of the amount by which their adjusted gross incomes and that of their spouses (if applicable) exceed 150% of the federal poverty level. Additionally, it establishes a 10/10 Loan Forgiveness Program that provides FFEL and DL forgiveness to borrowers
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Sponsored by: Rep. Kathy Castor
Introduced In House on 02/16/2017
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Equal Opportunity for Residential Representation Act [HB-1146]
[Housing ]
[Finance ]
[Taxes ]
[Law Enforcement ]
[Poverty ]
[Human Services ]
[Family-Related Legislation ]
[Consumer Protection ]
Equal Opportunity for Residential Representation Act This bill requires the Department of Housing and Urban Development's (HUD's) Office of Community Planning and Development to carry out a program to make grants to organizations to provide legal services and other related supportive services on behalf of low-income families (including individuals and victims of domestic violence) who reside in a rental dwelling unit and have an income that does not exceed 80% of the median income for the area in which the family resides. The following organizations
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Sponsored by: Rep. Barbara Lee
Introduced In House on 02/16/2017
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HBCU Investment Expansion Act [HB-1080]
[Education ]
[Taxes ]
[Funding ]
[Grants ]
[Nonprofit ]
HBCU Investment Expansion Act This bill amends the Securities Act of 1933 to exempt qualified 501(c)(3) bonds issued after the enactment of this bill on behalf of a historically black college or university from state and local taxes. The bill also amends the Internal Revenue Code to allow a tax credit for jurisdictions that forgo taxes with respect to the interest payments under such a bond. The credit is equal to the total amount of interest paid on such a bond during the taxable year. The Department of the Treasury must pay the credit to the qualifying
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Sponsored by: Rep. Barbara Lee
Introduced In House on 02/15/2017
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Common Sense Housing Investment Act of 2017 [HB-948]
[Housing ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Community Development ]
Common Sense Housing Investment Act of 2017 apply the savings from the enactment of this bill to the Housing Trust Fund, rental assistance programs, and the Public Housing Capital Fund. The Department of Housing and Urban Development must revise regulations for the Housing Trust Fund to: (1) increase the limitation on funds that are available for operating assistance for housing, (2) allow public housing agencies and tribally designated housing entities to be the recipients of grants that are allocated to a state or a state designated entity, and
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Sponsored by: Rep. Barbara Lee
Introduced In House on 02/07/2017
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Interest for Others Act of 2017 [HB-894]
[Taxes ]
[Nonprofit ]
[Finance ]
Interest for Others Act of 2017 This bill amends the Internal Revenue Code to allow individuals, trusts, or estates to exclude from gross income up to $50 per year 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
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Sponsored by: Rep. Erik Paulsen
Introduced In House on 02/06/2017
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SAVINGS Act Save Access to a Valuable Investment Needed to Generate Savings Act of 2017 [HB-855]
[Finance ]
[Taxes ]
[Investments ]
[Budget and Spending ]
[Consumer Protection ]
[Senior Citizens ]
SAVINGS Act Save Access to a Valuable Investment Needed to Generate Savings Act of 2017 This bill directs the Department of the Treasury to allow: (1) an individual taxpayer to use a portion or all of a tax refund to purchase U.S. savings bonds in paper form for the taxpayer or for any individual designated by the taxpayer; or (2) an option for a tax return that allows for the gifting of such bonds and that serves individuals who rarely, if ever, have held a bank account and individuals who lack access to the Internet.
Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 02/03/2017
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Holocaust Insurance Accountability Act of 2017 [S.258]
[Insurance ]
[Human Rights ]
[International ]
[Law Enforcement ]
Holocaust Insurance Accountability Act of 2017 This bill allows a beneficiary of a Holocaust-era life, dowry, education, annuity, property, or other insurance policy to bring a civil action in a U.S. district court against the insurer for the covered policy to recover proceeds due or, otherwise, to enforce any rights under the policy. The bill covers any policy that was: (1) in effect at any time from January 31, 1933, to December 31, 1945; and (2) issued to a policy holder domiciled in any area that was occupied or controlled by Nazi Germany, an
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Sponsored by: Sen. Bill Nelson
Read Twice And Referred To The Committee On The Judiciary. on 02/01/2017
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Employer Participation in Student Loan Assistance Act [HB-795]
[Student Loans ]
[Taxes ]
[Labor, Jobs, Employment ]
[Education ]
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 by an employer to either an employee or a lender.
Sponsored by: Rep. Ted Poe
Referred To The House Committee On Ways And Means. on 02/01/2017