Bill· HRH.R. 6427 (114th)open
United States · United States Congress · 2 December 2016
Creating Financial Prosperity for Businesses and Investors Act This bill amends the Small Business Investment Incentive Act of 1980 to require the Securities and Exchange Commission (SEC) to issue a public statement, and disclose any actions it intends to take, each time its annual government-business forum submits findings or recommendations regarding the current status of problems and programs relating to small business capital formation. The Securities Exchange Act of 1934 is amended to establish within the SEC an Office of the Advocate for Small Business Capital Formation and a Small Business Capital Formation Advisory Committee. The Investment Company Act of 1940 is amended to increase from 100 to 250 the limit on the number of people who may own securities in certain venture capital funds (with no more than $10 million in invested capital, adjusted annually for inflation) before the issuer is required to register as an investment company. The bill allows a crowdfunding issuer to sell shares through a crowdfunding vehicle (a company that aggregates small individual contributions into a single investment in the issuer) that meets certain requirements and revises conditions upon which the SEC exempts securities issued in crowdfunding transactions from SEC registration requirements. The Securities Act of 1933 is amended to add to the definition of accredited investor certain categories of natural persons whose net worth or income exceeds specified levels, who are licensed or registered as brokers or investment advisors, or whose verified education or job experience qualifies as professional knowledge for a particular investment. The Investment Company Act of 1940 is amended to repeal the exemption from its coverage of investment companies created under the laws of Puerto Rico, the Virgin Islands, or any other U.S. possession.
Bill· HRH.R. 6088 (114th)referred
United States · United States Congress · 20 September 2016
Hospital Quality Rating Transparency Act of 2016 This bill delays the date upon which the Department of Health and Human Services (HHS) may make Overall Hospital Quality Star Ratings for hospitals publicly available. With respect to such ratings, HHS shall: (1) make publicly available detailed information on the methodology used, (2) have the validity and accuracy of such methodology independently confirmed, and (3) provide a public comment period of specified duration. HHS may not make the ratings publicly available until the later of July 31, 2017, or the date upon which the bill's requirements are satisfied. In the event that such ratings have already been published on a specified website, HHS shall remove them and not republish them until the bill's requirements have been satisfied.
Resolution· HCONRESH.Con.Res. 149 (114th)referred
United States · United States Congress · 8 September 2016
Expresses the commitment of Congress never to forget the service of aviation's first responders on September 11, 2001.
Bill· HRH.R. 5816 (114th)referred
United States · United States Congress · 14 July 2016
Resettlement Accountability National Security Prioritization Act of 2016 This bill prohibits the admission of covered aliens into the United States for four years unless Congress passes a joint resolution giving the Department of Homeland Security authority to admit them. No covered alien may be admitted into the United States after such four-year period. "Covered alien" means an alien applying for refugee admission to the United States who: (1) is a national of Afghanistan, Iraq, Libya, Somalia, Syria, or Yemen; or (2) has no nationality and whose last habitual residence was in Afghanistan, Iraq, Libya, Somalia, Syria, or Yemen. The Government Accountability Office shall report on: (1) the national security impact of refugee admissions; and (2) specified costs of providing refugees with benefits under Medicare, Medicaid, disability insurance under title II of the Social Security Act, the supplemental nutrition assistance program (SNAP, formerly the food stamp program), and section 8 rental assistance.
Bill· HRH.R. 5808 (114th)referred
United States · United States Congress · 14 July 2016
Comprehensive Regulatory Review Act of 2016 This bill amends the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to require the Federal Financial Institutions Examination Council and each of the federal financial regulators to conduct, at least once every five years, a comprehensive review of all regulations prescribed by the council or the regulator, including all regulations issued after December 31, 2006, in order to identify outdated or otherwise unnecessary regulatory requirements imposed on covered persons. "Covered persons" are those that engage in offering or providing a consumer financial product or service and affiliates who provide services to them. Under the process for conducting such a review, the council and the appropriate regulator shall also: consider the impact of the regulations on the financial safety and soundness, as well as on the risk profile and business models, of the covered persons; and determine the necessity, appropriateness, and impact of continuing to apply the regulatory action. The bill requires the council and the appropriate regulator to ensure that the notice and comment period with respect to the regulations reviewed is conducted at least once every 5 years (rather than, as currently, 10 years). The council and the appropriate regulator shall eliminate or tailor unnecessary regulations so as to limit the regulatory compliance burdens.
Bill· HRH.R. 5621 (114th)referred
United States · United States Congress · 5 July 2016
This bill directs the Speaker of the House of Representatives and the President pro tempore of the Senate to arrange for the posthumous presentation of a Congressional Gold Medal to Larry Doby in recognition of his achievements and contributions to American major league athletics, civil rights, and the Armed Forces during World War II.
Resolution· HCONRESH.Con.Res. 138 (114th)referred
United States · United States Congress · 20 June 2016
Designates the George C. Marshall Museum and George C. Marshall Research Library in Lexington, Virginia, as the "National George C. Marshall Museum and Library."
Resolution· HRESH.Res. 776 (114th)referred
United States · United States Congress · 10 June 2016
Supports the designation of U.S. Navy Aircraft Carrier Month in honor of the role aircraft carriers have held for almost 90 years serving the Nation's interests in times of war and peace. Pledges to celebrate aircraft carrier contributions and heritage in each district.
Bill· HRH.R. 5429 (114th)open
United States · United States Congress · 9 June 2016
SEC Regulatory Accountability Act This bill amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC), before issuing a regulation under the securities laws, to: identify the nature and source of the problem that the proposed regulation is designed to address in order to assess whether any new regulation is warranted; use the SEC Chief Economist to assess the costs and benefits of the intended regulation and adopt it only upon a reasoned determination that its benefits justify the costs; identify and assess available alternatives that were considered; and ensure that any regulation is accessible, consistent, written in plain language, and easy to understand. The SEC shall: consider the impact of the regulation upon investor choice, market liquidity, and small business; and explain in its final rule the nature of comments received concerning the proposed rule or rule change as well as its response to those comments. The SEC shall: (1) review its existing regulations periodically to determine if they are outmoded, ineffective, insufficient, or excessively burdensome; and (2) modify, streamline, expand, or repeal them. Whenever it adopts or amends a major rule, the SEC shall state in its adopting release the regulation's purposes and intended consequences, the post-implementation quantitative and qualitative metrics to measure the regulation's economic impact, the assessment plan to be used under the supervision of the Chief Economist to assess whether the regulation has achieved those purposes, and any foreseeable unintended or negative consequences. The assessment plan must: (1) consider the regulation's costs, benefits, and intended and unintended consequences; and (2) specify the data to be collected, the methods for its collection and analysis, and an assessment completion date. The bill expresses the sense of Congress that the Public Company Accounting Oversight Board should also follow the requirements set forth by this bill.
Bill· HRH.R. 5424 (114th)referred
United States · United States Congress · 9 June 2016
Investment Advisers Modernization Act of 2016 This bill directs the Securities and Exchange Commission (SEC) to amend specified regulations for investment advisers as they apply to private equity firms and private investment funds. A specified regulation regarding books and records that investment advisers must maintain shall be amended to declare that an investment adviser is not required to maintain: any communications or materials (including any made available in a secure electronic or physical data room) used in connection with due diligence for a prospective investment, if the communications or materials are subject to a confidentiality agreement; or any written communications regarding recommendations, advise, purchase or sell orders, or the receipt, disbursement or delivery of funds or securities if they are sent and received only by supervised persons of the investment adviser. The bill revises the disclaimer that, in the case of an investment adviser that is a partnership, an assignment shall not be deemed to result from the death, withdrawal, sale or transfer of minority interests to apply the disclaimer also to minority members, shareholders, for other equity owners of the investment adviser. The Investment Advisers Act of 1940 is amended to repeal the requirement that advisers organized as partnerships notify the other party to an investment adviser contract every time there is a change in the composition of the partnership. The SEC shall waive the application of specified antifraud prohibitions to advisers who advertise exclusively to accredited investors, qualified clients, qualified purchasers, or knowledgeable employees. Another regulation shall declare that an investment adviser is not required to deliver a brochure or brochure supplement to a client that is a limited partnership, limited liability company, or other pooled investment vehicle for which each limited partner, member, or other equity owner has received, before purchasing a security issued by the pooled investment vehicle, a prospectus, private placement memorandum, or other offering document containing (to the extent material to the private fund offering) substantially the same information as would be required by Part 2A or 2B of Form ADV. The SEC must amend a certain regulation regarding Form PF which registered investment advisers with at least $150 million in private funds assets under management must file with the SEC to report information about the private funds that they manage. This amendment shall state that an investment adviser to a private fund is not required to report any information beyond that which is required by sections 1a and 1b of Form PF unless it is a large hedge fund adviser or a large liquidity fund adviser. The SEC shall also amend the regulation requiring that client funds and securities of which an investment adviser has custody are verified by actual examination periodically by an independent public accountant. The current "privately offered securities" exemptions from this custody rule must apply to both certificated and uncertificated securities and exempt special purpose vehicles managed by private fund sponsors and co-investment funds that hold only one investment. The SEC shall amend the proxy voting regulation to waive its application to any voting authority exercised by an investment adviser regarding client securities that are not public securities. On the other hand, the SEC may not: amend a specified regulation to extend its requirements and prohibitions concerning investment company sales literature to offerings of securities issued by private funds, or adopt substantially similar rules applicable to such offerings. This bill shall not apply to advisory services supplied to an investment company registered under the Investment Company Act of 1940.
Bill· HRH.R. 5180 (114th)referred
United States · United States Congress · 10 May 2016
Food and Fuel Consumer Protection Act of 2016 This bill amends the Clean Air Act by revising the renewable fuel program, which requires transportation fuel to contain a minimum volume of renewable fuel. The Environmental Protection Agency (EPA) must cap the total volume of ethanol blended into the transportation fuel supply at 9.7% of projected gasoline demand as determined by the Energy Information Administration.
Bill· HRH.R. 5143 (114th)open
United States · United States Congress · 29 April 2016
Transparent Insurance Standards Act of 2016 This bill specifies U.S. objectives regarding international insurance standards. The United States may not agree to, accept, establish, enter into, or consent to the adoption of a final international insurance standard with an international standard-setting organization or a foreign government, authority, or regulatory entity unless certain publication requirements and capital standards are met. Before U.S. adoption of any such international insurance standard the Department of the Treasury and the Board of Governors of the Federal Reserve System, in consultation with the state insurance commissioners, shall analyze and report to Congress on the impact of the standard on U.S. consumers and markets and whether any changes in state law will result from such final standard. Congress shall have 90 days to approve or reject the final standard. The Dodd-Frank Wall Street Reform and Consumer Protection Act is amended to authorize the Independent Member of the Financial Stability Oversight Council to: perform specified consultant duties with international insurance supervisors, international financial stability counterparts, as well as Treasury; attend the Financial Stability Board of The Group of Twenty, and arrange for the attendance and participation at the Board of state insurance commissioners on matters related to insurance and financial stability; and attend, with the U.S. delegation, the Organization for Economic Cooperation and Development (OECD) and observe and participate at the OECD Insurance and Private Pensions Committee on those same matters. Parties representing the United States at the Financial Stability Board of the Group of Twenty on matters, and in meetings, related to insurance and financial stability shall consult with the state insurance commissioners and seek to include them in those meetings.
Bill· HRH.R. 5063 (114th)referred
United States · United States Congress · 26 April 2016
Stop Settlement Slush Funds Act of 2016 This bill prohibits government officials from entering into a settlement agreement resolving a civil action on behalf of the United States, or from enforcing such a settlement agreement, if that agreement requires a donation to be made to any person by any party (other than the United States) to such agreement. Government officials or agents who violate this prohibition may be removed from office or required to forfeit to the government any money they hold for such purposes to which they may otherwise be entitled. The term "donation" excludes a payment by a party to provide restitution for or otherwise remedy the actual harm caused by the alleged conduct that is the basis for the settlement agreement.
Bill· HRH.R. 4938 (114th)referred
United States · United States Congress · 14 April 2016
Free File Act of 2016 This bill requires the Department of the Treasury to continue to operate the Internal Revenue Service (IRS) Free File Program. The program must work with state government agencies to enhance and expand the use of the program, while continuing to: provide free commercial-type online individual income tax preparation and electronic filing services to the lowest 70% of taxpayers by income; provide all taxpayers (regardless of income) with a basic, online electronic fillable forms utility; and work with the private sector to provide the free tax preparation and electronic filing services. Treasury must work with the private sector through the program to identify and implement innovative new program features to improve and simplify the taxpayer's experience with completing and filing individual income tax returns. The IRS and members of the tax software and electronic industry involved in the program must support and promote improvements within the program by mutually testing, piloting, and offering innovative solutions to: simplify the tax system, reduce compliance and reporting burdens, increase tax return accuracy through financial data authentication, strengthen the tax system against fraud through cybersecurity collaboration, avoid duplication, and maximize the use of electronic technology.
Bill· HRH.R. 4880 (114th)referred
United States · United States Congress · 23 March 2016
Protecting Lives Using Surplus Equipment Act of 2016 This bill invalidates any regulation, rule, guidance, recommendation, or policy issued after May 15, 2015, that limits the sale or donation of excess federal property to state and local law enforcement agencies unless enacted by Congress. Additionally, it prohibits the use of federal funds to implement such regulation, rule, guidance, recommendation, or policy. Property that was recalled or seized on or after May 15, 2015, must be returned, replaced, or reissued to the state or local law enforcement agency.
Bill· HRH.R. 4715 (114th)referred
United States · United States Congress · 7 March 2016
Recognizing the Protection of Motorsports Act of 2016 or the RPM Act of 2016 This bill amends the Clean Air Act to allow the modification of a vehicle's air emission controls if the vehicle is used solely for competition.
Resolution· HCONRESH.Con.Res. 123 (114th)referred
United States · United States Congress · 3 March 2016
Recognizes the George C. Marshall Museum and George C. Marshall Research Library in Lexington, Virginia, as the "National George C. Marshall Museum and Library."
Bill· HRH.R. 4559 (114th)referred
United States · United States Congress · 12 February 2016
United States Commission on the Organization of Petroleum Exporting Countries Act of 2016 This bill establishes the United States Commission on the Organization of Petroleum Exporting Countries (OPEC) to investigate and address any practices on the part of OPEC that prevent or reduce competition in the global oil market. The Commission shall be composed of a bipartisan group of 16 experts on energy and related matters chosen by the leadership of both parties in Congress and appointed by the President. All members of the Commission must be U.S. citizens. The bill requires the Commission to: determine whether the anti-competitive behavior of OPEC is designed to disadvantage U.S. oil producers; assess the impact of OPEC's policies on U.S. economic and energy security interests; assess how federal agencies are working to alleviate the potential negative impacts of OPEC's behavior; and produce policy recommendations for tax, trade, defense, diplomacy, and other areas where OPEC's behavior is found to cause adverse impacts. The Commission must submit a report of its findings and recommendations to Congress and the President within 12 months. The Commission shall terminate within 90 days after submission of its report. On receipt of the Commission's report, the President will have 90 days to submit Congress a proposal to implement or respond to the recommendations.
Bill· HRH.R. 4532 (114th)referred
United States · United States Congress · 11 February 2016
Safe Harbor for Reporting Violent Behavior Act of 2016 This bill makes an employer immune from civil liability for reporting to a potential future employer an employee or former employee’s violent or threatening behavior. The report must be made in good faith and based on objectively reasonable suspicion. Additionally, the bill makes a potential employer immune from civil liability for taking a reasonable action in good faith to respond to a report of violent or threatening behavior of an employee or potential employee.
Bill· HRH.R. 4498 (114th)referred
United States · United States Congress · 9 February 2016
Helping Angels Lead Our Startups Act or the HALOS Act This bill directs the Securities and Exchange Commission to amend Regulation D (governing the limited offer and sale of securities without registration under the Securities Act of 1933) to make the prohibition against general solicitation or general advertising inapplicable to events with specified kinds of sponsors (including angel investor groups not connected to broker-dealers or investment advisers) where: presentations or communications are made by or on behalf of an issuer, the advertising does not refer to any specific offering of securities by the issuer, the sponsor does not engage in certain activities (such as offering investment recommendations or advice to attendees), the sponsor does not receive compensation for the event which would require registration as a broker or dealer or as an investment advisor, and no specific information regarding a securities offering is communicated (other than that the issuer is in the process of offering or planning to offer securities, including the type and amount of securities being offered). This bill may only be construed as requiring the SEC to amend Regulation D with respect to presentations and communications, and not with respect to purchases or sales.
Resolution· HRESH.Res. 604 (114th)referred
United States · United States Congress · 4 February 2016
Commemorates Representatives Sam Johnson and John Lewis for their patriotic service and sacrifice to the country they love and for becoming the first ever recipients of the Congressional Patriot Award.
Resolution· HRESH.Res. 591 (114th)referred
United States · United States Congress · 28 January 2016
Commends the cooperative owners and the employees of the Farm Credit System for their continuing service in meeting the credit and financial-services needs of rural communities and agriculture.
Resolution· HRESH.Res. 585 (114th)referred
United States · United States Congress · 13 January 2016
Expresses the sense of the House of Representatives that the entering into of an agreement or compact by two or more states for cooperative effort and mutual assistance would be beneficial to the development of an Interstate 73 corridor. Such an agreement may incorporate the following elements to the extent that they are consistent with federal law: the study, development, and promotion of a plan for the design, construction, financing, and operation of such corridor through South Carolina, North Carolina, Virginia, West Virginia, Ohio, and Michigan; coordination of efforts to establish a common legal framework in all the signatory states to authorize and facilitate design, construction, financing, and operation of such corridor or through public-private partnerships; advocacy for federal funding to support the establishment of such corridor; making available to the corridor project funding and resources that are or may be appropriated by the signatory states and allocated for that purpose; and doing all things necessary or convenient to facilitate and coordinate the corridor's design, construction, financing, and operation.
Law· HRH.R. 4352 (114th)enacted
United States · United States Congress · 8 January 2016
Faster Care for Veterans Act of 2016 This bill directs the Department of Veterans Affairs (VA) to begin an 18-month pilot program in at least three Veterans Integrated Service Networks (VISNs) under which veterans use an Internet website to schedule and confirm appointments at VA medical facilities. The pilot program's duration may be extended and the number of VISNs may be increased.
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