Interest, Dividends, Interest Rates
US Congress 114th Congress
Private Education Loan Modification Act of 2015 [S.2050]
[Student Loans ]
[Finance ]
[Education ]
[Consumer Protection ]
Private Education Loan Modification Act of 2015 This bill temporarily authorizes the Department of the Treasury to establish credit facilities, at no net cost to the federal government, to refinance private student loans to ensure lower interest rates for borrowers. Treasury must first determine that existing borrowers are unable to secure adequate credit accommodations to refinance private student loans. The bill directs Treasury to conduct a national awareness campaign to alert private student loan borrowers who may benefit. It expresses the sense
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Sponsored by: Sen. Heidi Heitkamp
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 09/17/2015
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Know Before You Owe Federal Student Loan Act of 2015 [S.2043]
[Student Loans ]
[Education ]
[Funding ]
Know Before You Owe Federal Student Loan Act of 2015 This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to expand lender disclosure requirements. A lender must provide a statement to a Federal Family Education Loan or Direct Loan borrower during a period when loan payments are not required. Such statement must include the current loan balance, original principal loan amount, interest rate, total interest paid, aggregate payments, lender or servicer contact information, and accumulated interest amount. It must also
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Sponsored by: Sen. Chuck Grassley
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. (sponsor Introductory Remarks On Measure: Cr S6702-6703) on 09/16/2015
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A bill to amend the Internal Revenue Code of 1986 to expand the deduction for interest on education loans, to extend and expand the deduction for qualified tuition and related expenses, and eliminate the limitation on contributions to Coverdell education savings accounts. [S.1973]
[Student Loans ]
[Taxes ]
[Education ]
A bill to amend the Internal Revenue Code of 1986 to expand the deduction for interest on education loans, to extend and expand the deduction for qualified tuition and related expenses, and eliminate the limitation on contributions to Coverdell education savings accounts. Amends the Internal Revenue Code to: (1) allow an unlimited tax deduction for student loan interest, (2) repeal the dollar limitation on the tax deduction for qualified tuition and related expenses and make such deduction permanent; (3) allow a carryover to succeeding taxable years
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Sponsored by: Sen. Rand Paul
Read Twice And Referred To The Committee On Finance. on 08/05/2015
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AFFORD Act Access to Fair Financial Options for Repaying Debt Act of 2015 [S.1948]
[Student Loans ]
[Education ]
AFFORD Act Access to Fair Financial Options for Repaying Debt Act of 2015 This bill terminates existing federal student loan repayment plan options for borrowers of federal Direct Loan (DL) program loans issued on or after July 1, 2016. It amends title IV (Student Assistance) of the Higher Education Act of 1965 to establish two new repayment plan options. First, the bill creates a new version of the income-based repayment (IBR) plan that includes capping monthly payments at 10% of discretionary income, setting a 20-year maximum repayment period,
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Sponsored by: Sen. Ron Wyden
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 08/05/2015
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Tax Relief Extension Act of 2015 [S.1946]
[Taxes ]
[Energy ]
[Housing ]
[Small Business ]
[Veterans ]
[Film Production ]
[Budget and Spending ]
[Property Tax ]
[Construction ]
[Transportation and Motor Vehicles ]
Tax Relief Extension Act of 2015 Amends the Internal Revenue Code to extend expired and expiring tax provisions affecting individual and business taxpayers and the energy sector. (Sec. 2) Expresses the sense of the Senate that: (1) Congress should pursue a process of comprehensive tax reform, (2) Congress should eliminate temporary provisions in the Internal Revenue Code by making permanent those provisions that merit permanency and by allowing others to expire, and (3) a major focus of the tax reform process should be fostering economic growth
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Sponsored by: Sen. Orrin Hatch
Committee On Finance. Original Measure Reported To Senate By Senator Hatch. With Written Report No. 114-118. on 08/05/2015
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Financial Services and General Government Appropriations Act, 2016 [S.1910]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Small Business ]
[Insurance ]
[Consumer Protection ]
[Data Privacy ]
[Economic Development ]
Financial Services and General Government Appropriations Act, 2016 Provides FY2016 appropriations for financial services and general government, including programs in the Department of the Treasury, the Executive Office of the President, the federal judiciary, the District of Columbia, and several independent agencies. Department of the Treasury Appropriations Act, 2016 TITLE I--DEPARTMENT OF THE TREASURY Provides appropriations to the Department of the Treasury for Departmental Offices, including: Salaries and Expenses, Department-Wide Systems
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Sponsored by: Sen. John Boozman
Committee On Appropriations. Original Measure Reported To Senate By Senator Boozman. With Written Report No. 114-97. on 07/30/2015
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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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Stop Tax Haven Abuse Act [S.174]
[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: Sen. Edward Markey
Read Twice And Referred To The Committee On Finance. on 01/13/2015
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US Congress 114th Congress
Preserving American Homeownership Act of 2015 [S.1582]
[Housing ]
[Real Estate ]
[Finance ]
[Consumer Protection ]
[Investments ]
Preserving American Homeownership Act of 2015 Requires the Director of the Federal Housing Finance Agency and the Federal Housing Commissioner each to establish a pilot program to encourage the use of shared equity mortgage modifications designed to return greater net present value to investors than other loss-mitigation activities, including foreclosure. Requires a shared equity mortgage modification to: reduce by specified action the loan-to-value ratio of a covered mortgage to 100% or less within 3 years; reduce the interest rate if such a reduction
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Sponsored by: Sen. Robert Menendez
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 06/16/2015
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Military Consumer Protection Act [S.1565]
[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: Sen. Jack Reed
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 06/11/2015
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Servicemember Student Loan Affordability Act of 2015 [S.1557]
[Student Loans ]
[Veterans ]
[Military ]
Servicemember Student Loan Affordability Act of 2015 Servicemember Student Loan Affordability Act of 2015
Sponsored by: Sen. Edward Markey
Read Twice And Referred To The Committee On Veterans' Affairs. (text Of Measure As Introduced: Cr S4107-4108) on 06/11/2015
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Fair Tax Act of 2015 [S.155]
[Taxes ]
[Budget and Spending ]
[Medicare and Medicaid ]
[Social Security ]
[Healthcare ]
[Poverty ]
Fair Tax 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: Sen. David Perdue
Read Twice And Referred To The Committee On Finance. (sponsor Introductory Remarks On Measure: Cr S552-553) on 01/13/2015
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Patriot Employer Tax Credit Act [S.1486]
[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: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. (sponsor Introductory Remarks On Measure: Cr S3641; Text Of Measure As Introduced: Cr S3459-3461) on 06/02/2015
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US Congress 114th Congress
Financial Regulatory Improvement Act of 2015 [S.1484]
[Finance ]
[Consumer Protection ]
[Small Business ]
[Insurance ]
[Investments ]
[Housing ]
[Real Estate ]
[Budget and Spending ]
Financial Regulatory Improvement Act of 2015 TITLE I--REGULATORY RELIEF AND PROTECTION OF CONSUMER ACCESS TO CREDIT (Sec. 101) This bill amends the Gramm-Leach-Bliley Act to exempt from the requirement to provide consumers with an annual written disclosure of their privacy policy certain financial institutions that provide nonpublic personal information to a nonaffiliated third party to perform services for or functions on behalf of the financial institution. (Sec. 102) The Federal Home Loan Bank Act is amended to set requirements for a credit union
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Sponsored by: Sen. Richard Shelby
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 07/23/2015
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College for All Act [S.1373]
[Student Loans ]
[Finance ]
[Taxes ]
[Education ]
[Budget and Spending ]
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, 2015; allow student loan borrowers to modify interest rates on outstanding federal student loans to current rates; reauthorize the Federal Work Study program for FY2016-FY2020;
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Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Finance. on 05/19/2015
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Bailout Prevention Act of 2015 [S.1320]
[Finance ]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
[Law Enforcement ]
[Economic Development ]
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: Sen. Elizabeth Warren
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/13/2015
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Build USA Act [S.1296]
[Infrastructure ]
[Finance ]
[Taxes ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Economic Development ]
Build USA Act This bill establishes the American Infrastructure Bank as a wholly owned government corporation. The Bank's Board of Directors has authority, among other operations, to issue public benefit bonds and provide financing to core infrastructure projects from bond proceeds. State governments may enter into minimum three-year remittance agreements with the Bank under which: a state agrees to remit to the Bank at least 60% of the total amount of federal-aid highway activities funds it receives from the federal government in each of the three
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Sponsored by: Sen. Deb Fischer
Read Twice And Referred To The Committee On Finance. on 05/12/2015
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US Congress 114th Congress
Trade Facilitation and Trade Enforcement Act of 2015 [S.1269]
[Trade ]
[Finance ]
[Technology and Innovation ]
[Manufacturing ]
[Labor, Jobs, Employment ]
[Small Business ]
[Consumer Protection ]
[Law Enforcement ]
[National Security ]
[Crime ]
Trade Facilitation and Trade Enforcement Act of 2015 TITLE I--TRADE FACILITATION AND TRADE ENFORCEMENT (Sec. 101) This bill directs the U.S. Customs and Border Protection (CBP) to ensure that CBP partnership programs, such as the Customs-Trade Partnership Against Terrorism, provide trade benefits to importers, exporters, and certain other private sector entities that meet program requirements. (Sec. 102) The Government Accountability Office (GAO) must report to Congress on the effectiveness of CBP enforcement of U.S. customs and trade laws (trade
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Sponsored by: Sen. Orrin Hatch
By Senator Hatch From Committee On Finance Filed Written Report. Report No. 114-45. on 05/13/2015
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AGED Spirits Act Advancing Growth in the Economy through Distilled Spirits Act [S.1179]
[Alcoholic Beverages ]
[Taxes ]
[Small Business ]
[Economic Development ]
AGED Spirits Act Advancing Growth in the Economy through Distilled Spirits Act Amends the Internal Revenue Code to exclude the aging period from the production period for distilled spirits 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. (sponsor Introductory Remarks On Measure: Cr S2600-2601; Text Of Measure As Introduced: Cr S2601) on 05/04/2015
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US Congress 114th Congress
End Polluter Welfare Act of 2015 [S.1041]
[Energy ]
[Environmental ]
[Taxes ]
[Climate Change ]
[Trade ]
[Budget and Spending ]
End Polluter Welfare Act of 2015 Amends the Outer Continental Shelf Lands Act and the Energy Policy Act of 2005 to repeal the authority of the Department of the Interior to reduce or eliminate royalty payments for oil and natural gas leases in the Outer Continental Shelf. Amends the Mineral Leasing Act to increase minimum royalty payments for coal, oil, and natural gas leases. Amends the Federal Oil and Gas Royalty Management Act of 1982 to prohibit payment of interest upon any overpayment of royalties. Amends the Oil Pollution Act to eliminate
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Sponsored by: Sen. Edward Markey
Read Twice And Referred To The Committee On Finance. on 04/22/2015