United States · United States Congress · 18 November 2009
TARP Sunset Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to terminate, on December 31, 2009 (as under current law), the authority of the Secretary of the Treasury to implement the Troubled Asset Relief Program (TARP). Repeals the Secretary's authority to extend the TARP program through October 3, 2010, upon submission of a written certification to Congress.
United States · United States Congress · 18 November 2009
Requests the Attorney General to appoint a special counsel to investigate the Association of Community Organizations for Reform Now (ACORN) and its affiliates and report to Congress on the results of such investigation.
United States · United States Congress · 18 November 2009
Expresses support for: (1) the goals and ideals of National Diabetes Month; and (2) decreasing the prevalence of diabetes, developing better treatments, and working toward an eventual cure for type I and type II diabetes through increased research, treatment, and prevention. Recognizes the importance of early detection of diabetes and awareness of the symptoms of diabetes and risk factors for type II diabetes.
United States · United States Congress · 17 November 2009
Authorizes the Director of the Bureau of Prisons to purchase the Thomson Correctional Center in Thomson, Illinois. Prohibits the use of any funds authorized by this Act to transfer any enemy combatant from the Naval Station, Guantanamo Bay, Cuba, to the Thomson Correctional Center or to build, modify, or enhance Thomson Correctional Center or any other facility in Illinois to house any such enemy combatant.
United States · United States Congress · 17 November 2009
Prohibits funds appropriated or otherwise made available to any federal department or agency from being used to transfer any individual detained by the United States at Naval Station, Guantanamo Bay, Cuba, to Thomson Correctional Center, Thomson, Illinois.
United States · United States Congress · 16 November 2009
Amends the Internal Revenue Code to revise the income and excise tax credits for biodiesel used as fuel to: (1) allow a $1.00 tax credit for each gallon of biodiesel produced; (2) provide for an increased income tax credit for small biodiesel producers; (3) revise the definitions of "biodiesel" and "small biodiesel producer"; (4) treat renewable diesel in the same manner as biodiesel for income tax purposes; and (5) treat biodiesel as a taxable fuel for excise tax purposes. Extends the biodiesel income and excise tax credits through December 31, 2014.
United States · United States Congress · 7 November 2009
Recognizes the 20th anniversary of the historic events in Central and Eastern Europe that brought about the collapse of the communist regimes and the fall of the Iron Curtain. Commemorates, with the Slovak and Czech Republics, the 20th anniversary of the Velvet Revolution in Czechoslovakia. Appreciates the contribution of the Slovak and Czech Republics as members of the North Atlantic Treaty Organization (NATO) and the European Union (EU) to the promotion and defense of democracy. Reaffirms the bonds of friendship and cooperation between the United States and the Slovak and Czech Republics.
United States · United States Congress · 6 November 2009
Common Sense Health Care Reform and Affordability Act - Requires each state to mitigate the cost of high risk individuals in the state through: (1) a state reinsurance program; or (2) a state high risk pool. Prohibits a health insurance issuer from applying an annual or lifetime aggregate spending cap on any health insurance coverage or plan offered by such issuer. Requires the Secretary of Health and Human Services (HHS) to pay awards to states for reducing the premiums in the small group market or the individual market or reducing the percentage of uninsured, nonelderly residents in a state. Amends the Employee Retirement Income Security Act of 1974 (ERISA) to provide for establishment and governance of association health plans, which are group health plans whose sponsors are trade, industry, professional, chamber of commerce, or similar business associations and which meet certain ERISA certification requirements. Amends ERISA, the Public Health Service Act, and the Internal Revenue Code to require group health plans that provide dependent coverage of children to continue to treat an individual as a dependent until at least 25 years of age. Prohibits a state from establishing a law that prevents an employer from instituting auto-enrollment for coverage under a group health plan, so long as the participant or beneficiary has the option of declining such coverage. Directs that the laws of the state designated by a health insurance issuer (primary state) shall apply to individual health insurance coverage offered by that issuer in the primary state and in any other state (secondary state), but only if the coverage and issuer comply with conditions of this Act. Revises provisions related to health savings accounts (HSAs), including to allow the payment of premiums for high deductible health plans from HSA accounts. Sets conditions for lawsuits arising from health care liability claims regarding health care goods or services or any medical product affecting interstate commerce. Establishes a statute of limitations and limits noneconomic and punitive damages. Declares that nothing in this Act shall be construed to interfere with the doctor-patient relationship or the practice of medicine. Repeals provisions establishing the Federal Coordinating Council for Comparative Effectiveness Research. Permits a group health plan to vary premiums and cost-sharing by up to 50% of the benefits based on participation (or lack of participation) in a wellness program. Prohibits funds authorized or appropriated by federal law and funds in any trust fund to which funds are authorized or appropriated by federal law from being expended for any abortion. Allows a person to submit an application for licensure of a biological product based on its similarity to a licensed biological product (the reference product).
United States · United States Congress · 5 November 2009
Recognizes the events of 1989 that helped lead to the Cold War's end. Congratulates the countries of Central and Eastern Europe which have emerged as strong democracies. Welcomes the commitment by the European Union (EU) and the North Atlantic Treaty Organization (NATO) to keep the door to membership open for all European countries which meet the conditions for accession.
United States · United States Congress · 3 November 2009
Black Metropolis National Heritage Area Study Act - Directs the Secretary of the Interior to conduct a study to determine the feasibility of designating a specified region in Chicago, Illinois, as the Black Metropolis National Heritage Area.
United States · United States Congress · 29 October 2009
Expresses support for Chinese human rights activists Huang Qi and Tan Zuoren for engaging in peaceful expression as they seek answers and justice for the parents whose children were killed as a result of the collapse of numerous school buildings in the Sichuan earthquake of May 12, 2008.
United States · United States Congress · 28 October 2009
Commends the soldiers, their families, and the civilian personnel at Fort Gordon for their service and dedication to the United States. Recognizes: (1) the contributions of Fort Gordon to Operation Iraqi Freedom and Operation Enduring Freedom; and (2) Fort Gordon as a pivotal communications training installation for the United States Army Signal Corps.
United States · United States Congress · 27 October 2009
Strengthening of FDA Integrity Act of 2009 - Amends the Federal Food, Drug, and Cosmetic Act to apply debarment provisions currently applicable to abbreviated new drugs to any drug products, including new drugs, animal drugs, exported drugs, biological products, and medical devices. Expands the conditions under which persons (i.e., partnerships, corporations, and associations) are subject to mandatory and permissive debarment preventing such persons from submitting an application for approval of a drug product. Requires the Secretary of Health and Human Services (HHS), in determining the appropriateness and the period of debarment, to consider whether debarment will affect the public health because sufficient quantities of the drug would not be available. Requires the Secretary to annually report to Congress on the implementation of debarment provisions.
United States · United States Congress · 27 October 2009
Condemns the government of Venezuela for its state-sponsored support of international terrorist groups. Calls on the Secretary of State to designate Venezuela as a state sponsor of terrorism. Urges increased counter-terrorism cooperation between the United States and allies in the region.
United States · United States Congress · 26 October 2009
Real Stimulus Act of 2009 - Prohibits the Federal Communications Commission (FCC) from proposing, promulgating, or issuing any regulations with regard to the Internet or IP-enabled services. Makes such prohibition non-applicable to regulations that are determined necessary to: (1) prevent damage to U.S. national security; (2) ensure public safety; or (3) assist or facilitate any actions taken by federal and state law enforcement agencies.
United States · United States Congress · 26 October 2009
Expresses the gratitude and appreciation of the House of Representatives to the people who marched on Washington, D.C., on September 12, 2009, to show their love of liberty and their grievance with recent government actions.
United States · United States Congress · 23 October 2009
Considers the "Report of the United Nations Fact Finding Mission on the Gaza Conflict" (Goldstone Report) to be biased and unworthy of further consideration or legitimacy. Supports the Administration's efforts to combat anti-Israel bias at the United Nations (U.N.). Calls on the President and the Secretary of State to oppose endorsement of, and measures stemming from, the Report. Reaffirms support for Israel's right to defend its citizens from violent militant groups and their state sponsors.
United States · United States Congress · 23 October 2009
Congratulates the staff, students, and faculty at the Illinois Mathematics and Science Academy for winning the 2009 Star Innovator in the Intel Schools of Distinction competition and wishes them well in all their future endeavors.
United States · United States Congress · 23 October 2009
Directs the Chief Administrative Officer of the House of Representatives to: (1) take all necessary steps to begin installation of cameras in room H-313 of the Capitol during the next recess lasting 10 calendar days or longer; (2) during the next such recess, begin and complete installation of such cameras; and (3) coordinate with the Chair of the Committee on Rules to provide for live broadcasting of the proceedings of such Committee on the Internet.
United States · United States Congress · 21 October 2009
Recognizes Biblica (an international society that translates and distributes Bibles and biblical resources) as an integral part of U.S. history and commends Biblica for the contributions it has made to the United States.
United States · United States Congress · 20 October 2009
Expresses the sense of the House of Representatives that any meetings held to determine the final content of sweeping health care legislation be held in public view and not behind closed doors.
United States · United States Congress · 8 October 2009
Regulations From the Executive in Need of Scrutiny Act of 2009 - Rewrites provisions regarding congressional review of agency rulemaking to require congressional approval of major rules of the executive branch before they may take effect (currently, major rules take effect unless Congress passes and the President signs a joint resolution disapproving them). Provides that if a joint resolution of approval of a major rule is not enacted by the end of 90 session days or legislative days after such resolution is introduced, the rule shall be deemed not to be approved and shall not take effect. Permits a major rule to take effect for 90 calendar days without such approval if the President determines such rule is necessary because of an imminent threat to health or safety or other emergency, for the enforcement of criminal laws, for national security, or to implement an international trade agreement. Sets forth procedures of the House of Representatives and the Senate for joint resolutions: (1) approving major rules; and (2) disapproving nonmajor rules.
United States · United States Congress · 8 October 2009
Teacher Tax Relief Act of 2009 - Amends Internal Revenue Code provisions relating to the tax deduction for the expenses of elementary and secondary school teachers to: (1) increase the maximum dollar amount of such deduction to $500; (2) allow the deduction of professional development expenses; and (3) make such deduction permanent.
United States · United States Congress · 1 October 2009
American Health Care Solutions Act of 2009 - Declares that nothing in this Act may be construed to authorize the federal government to ration health care for the American people. Requires each state to mitigate the cost of high risk individuals in the state through: (1) a state reinsurance program; or (2) a state high risk pool. Amends the Public Health Service Act to provide for the establishment and governance of individual membership associations (IMAs), which are organizations that offer health benefits coverage to members through health insurance issuer contracts. Amends the Employee Retirement Income Security Act of 1974 (ERISA) to provide for establishment and governance of association health plans (AHPs), which are group health plans whose sponsors are trade, industry, professional, chamber of commerce, or similar business associations and which meet certain ERISA certification requirements. Directs that the laws of the state designated by a health insurance issuer (primary state) shall apply to individual health insurance coverage offered by that issuer in the primary state and in any other state (secondary state), but only if the coverage and issuer comply with conditions of this Act. Amends the Internal Revenue Code to allow: (1) a small employer a health benefits plan implementation credit; (2) a tax deduction for long-term care insurance premiums; and (3) caregivers a tax credit for family members with long-term care needs. Prohibits the Secretary of Health and Human Services (HHS) from using data from comparative effectiveness research to deny coverage of an item or service under a federal health care program. Prohibits employers from being prevented from establishing premium discounts or rebates, or modifying copayments or deductibles, for employees who adhere to or participate in a health promotion or disease prevention (wellness) program that meets certain requirements. Amends title XXI (Children's Health Insurance Program) (CHIP, formerly known as SCHIP) of the Social Security Act to require a CHIP plan to describe how it will provide for child health assistance with respect to targeted low-income children who have access to coverage under a group health plan. Requires alternative coverage options under CHIP. Applies such provisions to Medicaid. Requires verification of U.S. citizenship or nationality for Medicaid. Revises provisions related to health savings accounts (HSAs), including to permit the use of HSAs to purchase health insurance. Sets conditions for lawsuits arising from health care liability claims regarding health care goods or services or any medical product affecting interstate commerce. Establishes a statute of limitations and limits noneconomic and punitive damages. Sets forth provisions related to Medicare and Medicaid fraud and abuse. Rescinds unobligated balances of certain discretionary appropriations made available under the American Recovery and Reinvestment Act of 2009. Repeals provisions of such Act providing fiscal assistance to states and setting limits on executive compensation.
United States · United States Congress · 25 September 2009
Consistency, Accuracy, Responsibility, and Excellence in Medical Imaging and Radiation Therapy Act of 2009 - Amends the Public Health Service Act to require personnel who perform or plan the technical component of either medical imaging examinations or radiation therapy procedures for medical purposes to possess, effective January 1, 2013: (1) certification in each medical imaging or radiation therapy modality and service provided from a certification organization designated by the Secretary of Health and Human Services (HHS); or (2) state licensure or certification where such services and modalities are within the scope of practice as defined by the state for such profession and where the requirements for licensure, certification, or registration meet or exceed the standards established by the Secretary. Exempts physicians, nurse practitioners, and physician assistants. Directs the Secretary to: (1) establish minimum standards for personnel who perform, plan, evaluate, or verify patient dose for medical imaging examinations or radiation therapy procedures; (2) establish a program for designating certification organizations after consideration of specified criteria; (3) provide a method for the recognition of individuals whose training or experience are determined to be equal to, or in excess of, those of a graduate of an accredited educational program in that specialty; and (4) approve and publish a list of accrediting bodies for such certification organizations. Authorizes the Secretary to develop alternative standards for rural or health professional shortage areas as appropriate to assure access to quality medical imaging. Amends the Social Security Act to allow Medicare payment for medical imaging and radiation therapy services furnished on or after January 1, 2013, only if the examination or procedure is planned or performed by an individual who meets this Act's requirements.
United States · United States Congress · 17 September 2009
Honors the 259 miners lost in the tragedy known as the Great Cherry Mine Disaster on its 100th anniversary. Supports the important safety measures that were enacted as a resulted of this terrible incident and others around the country like it. Recognizes the important role organized labor has played in protecting the physical and economic security of U.S. workers.
United States · United States Congress · 15 September 2009
Defund ACORN Act - Prohibits any federal contract, grant, cooperative agreement, or other form of agreement from being awarded to, any federal funds in any other form from being provided to, or any federal employee or contractor from promoting any organization that: (1) has been indicted for a violation under any federal or state law governing the financing of a campaign for election for public office or any law governing the administration of such an election, including a voter registration law; (2) had its state corporate charter terminated due to its failure to comply with federal or state lobbying disclosure requirements; (3) has filed a fraudulent form with any federal or state regulatory agency; or (4) employs, has under contract, or retains to act on its behalf any individual who has been indicted for a violation under federal or state law relating to an election for federal or state office. Identifies, specifically, the Association of Community Organizations for Reform Now (ACORN) and any affiliate as such an organization. Requires the Federal Acquisition Regulation to be revised to carry out provisions of this Act relating to contracts.
United States · United States Congress · 15 September 2009
Sunset All Czars Act or the SAC Act - Prohibits appropriated funds from being used to pay salaries or expenses of any task force, council, or similar office established by or at the direction of the President, if the head of such entity is a Czar. Defines a "Czar" as an entity head who: (1) is appointed (on other than an interim basis) without the Senate's advice and consent; (2) is excepted from the competitive service by reason of the confidential, policy-determining, policy-making, or policy-advocating character of the position; (3) performs or delegates functions that would otherwise be performed or delegated by an individual appointed by the President with the Senate's advice and consent; and (4) does not have an existing removal date established at the direction of the President or through an authorization of Congress. Requires that by December 31, 2009, any Czar who is not appointed by a former President or the incumbent President, with the Senate's advise and consent, be removed from his or her position.
United States · United States Congress · 15 September 2009
Congratulates the United States Military Academy on being named by Forbes magazine as America's Best College for 2009. Supports the Academy's mission "to educate, train, and inspire the Corps of Cadets so that each graduate is a commissioned leader of character committed to the values of Duty, Honor, Country and prepared for a career of professional excellence and service to the nation as an officer in the U.S. Army."
United States · United States Congress · 15 September 2009
Urges: (1) the President to issue a report clearly outlining the responsibilities, qualifications, and authorities of the special assistants he has appointed (commonly referred to as "czars") and to certify to Congress that such czars will not assert powers other than those granted by statute to a commissioned officer on the President's staff; and (2) Congress to hold hearings on such report and certification within 30 days.
United States · United States Congress · 10 September 2009
Mourns the loss of life caused by Typhoon Morakot that occurred on August 8, 2009, in the Republic of China (Taiwan) and expresses condolences to the families of the many victims. Recognizes the deep ties between the United States and Taiwan and expresses continued solidarity with its people during this time of crisis. Expresses gratitude to the people of the United States who have supported those humanitarian aid agencies working to assist the people of Taiwan in this time of need.
United States · United States Congress · 31 July 2009
Death Tax Repeal Permanency Act of 2009 - Makes permanent the provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) that repeal the estate and generation skipping transfer taxes and that make reductions in the gift tax.
United States · United States Congress · 31 July 2009
Recognizes the contributions of U.S. automobile dealerships. Expresses the sense of the House of Representatives that a quantifiable number of automobile dealerships that have been successful and are being closed not of their own doing, but as a function of the auto market as a whole, should be given an opportunity to obtain a dealership franchise when auto manufacturers seek new partners to open dealerships in their respective geographic areas.
United States · United States Congress · 30 July 2009
Amends the National Flood Insurance Act of 1968 to prohibit the Director of the Federal Emergency Management Agency (FEMA) from updating a flood plain area or a flood risk zone in a geographic area that meets the following conditions: (1) the area is intended to be protected by a levee that the Army Corps of Engineers determines has a design deficiency; (2) the entity responsible for the repair of such levee has implemented a repair plan that has been developed by the Corps or a professional licensed engineer and approved by the Corps or FEMA, that is based on sufficient and reasonably current design data that accurately reflects the condition of such levee and other flood protection facilities in the area, that will provide protection from the 1% annual chance flood for the area, and that includes an adequate financing mechanism; and (3) each state or local government with jurisdiction over any portion of the geographic area has implemented a surveillance and operations plan to provide for timely alerts and immediate remedial action when significant underseepage or potential failure occurs, has an evacuation plan, and has implemented an outreach and communication plan to advise occupants of potential flood risks, the opportunity to purchase flood insurance, and the consequences of failure to purchase insurance. Exempts a geographic area if the Director: (1) determines that the area is protected by a system that provides protection from the 1% annual chance flood; or (2) has suspended the updating of flood plain areas or flood risk zones in such area in accordance with this Act for seven consecutive years.
United States · United States Congress · 30 July 2009
Advocates Dedicated to Older Child Parental Tax Credit (ADOPT) Act of 2009 - Amends the Internal Revenue Code to allow a $2,000 tax credit for costs associated with the adoption of a child who has reached nine years of age before the adoption decree becomes final. Allows the credit each year until such child attains the age of 19.
United States · United States Congress · 30 July 2009
Taking Responsible Action for Community Safety Act - Revises requirements with respect to the consolidation, merger, or acquisition of control (transaction) involving rail carriers to require public hearings in the affected communities if public hearings on a proposed transaction are held. Requires the Surface Transportation Board, in a proceeding with respect to a transaction that involves at least one Class I railroad (under current law, merger or control of at least two Class I railroads), to consider the effect on the public interest, including the safety and environmental effect of the proposed merger on local communities, intercity rail passenger transportation, commuter rail passenger transportation, and the public interest. Prohibits the Board from approving mergers if their adverse impacts on safety and on affected communities outweigh their transportation benefits. Authorizes the Board to impose conditions to mitigate the effect of mergers on local communities.
United States · United States Congress · 30 July 2009
Congratulates Western Wyoming Community College in Southwest Wyoming on the occasion of its 50th anniversary of service to the students and citizens of Wyoming.
United States · United States Congress · 29 July 2009
Amends the Nuclear Waste Policy Act of 1982 to authorize the Secretary of Energy to use amounts in the Nuclear Waste Fund to make competitive grants to or enter into long-term contracts with private sector entities for the recycling of spent nuclear fuel. Directs the Nuclear Regulatory Commission to complete a rulemaking establishing a process for licensing by the Nuclear Regulatory Commission (NRC), under the Atomic Energy Act of 1954, of facilities for the recycling of spent nuclear fuel. Amends the Nuclear Waste Policy Act of 1982 to provide that the receipt and disbursements of the Nuclear Waste Fund shall not be counted as new budget authority, outlays, receipts, or deficits or surplus for purposes of the executive budget, the congressional budget, or the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) (thereby moving the Fund off-budget).
United States · United States Congress · 29 July 2009
Expresses support for the goals and ideals of Tay-Sachs Awareness Month. Encourages and expresses support for education and research efforts with respect to Tay-Sachs disease.
United States · United States Congress · 27 July 2009
Amends the Digital Television Transition and Public Safety Act of 2005 to extend through FY2012 (under current law, through FY2010) the requirement that the Assistant Secretary for Communications and Information of the Department of Commerce make payments from the Digital Television Transition and Public Safety Fund for a grant program to assist public safety agencies in the the acquisition of, deployment of, or training for the use of interoperable communications equipment that utilizes reallocated public safety spectrum for radio communication. Allows the Assistant Secretary to extend, on a case-by-case basis, the period of performance for any investment approved under the program for a period not to exceed two years.
United States · United States Congress · 27 July 2009
Debt Accountability Act - Amends the Congressional Budget Act of 1974 to make it out of order in either chamber to consider any bill, joint resolution, amendment, motion, or conference report that would increase the deficit or decrease the surplus for any fiscal year unless the appropriate chamber, by roll call vote, acknowledges the costs that would be incurred in carrying out such measure, as estimated by the Director of the Congressional Budget Office (CBO), and any effect those costs might have on the national debt.
United States · United States Congress · 23 July 2009
Child Care Criminal Background Check Act of 2009 - Amends the Child Care and Development Block Grant Act of 1990 to require child care providers that are licensed by a state or receive funds under the Child Care and Development Block Grant Program to: (1) obtain a comprehensive criminal background check of each employee who provides child care services, each applicant for employment, and each family child care provider who provides or applies to provide such services; and (2) refuse to employ individuals convicted of crimes of violence or crimes against children. Reduces by 10% allotments to states that fail to comply with the requirements of this Act.
United States · United States Congress · 23 July 2009
Consumer Protection and Regulatory Enhancement Act - Amends the Judicial Code to prescribe the venue for cases involving non-bank financial institutions. Amends federal bankruptcy law to prescribe procedures for the adjustment of the debts of a non-bank financial institution. Establishes the Market Stability and Capital Adequacy Board (Board) to: (1) monitor the interactions of various sectors of the financial system; and (2) identify risks that could endanger the stability and soundness of the system. Establishes in the executive branch the Financial Institutions Regulator (FIR), comprising a Federal Banking Division and a State Banking Division, to exercise all powers, duties, and authorities formerly vested in the Comptroller of the Currency. Transfers to FIR all regulatory functions of: (1) the Board of Governors of the Federal Reserve System (the Federal Reserve Board); (2) the Director of the Office of Thrift Supervision (OTS); and (3) the Federal Deposit Insurance Corporation (FDIC) regarding state non-member banks. Abolishes the OTS and the Office (and position) of Comptroller of the Currency. Moves the National Credit Union Administration (NCUA) within the FIR. Establishes within the FIR an Office of Consumer Protection (OCP). Directs the Comptroller General to complete and report to Congress on the audit of the Federal Reserve Board and the federal reserve banks. Amends the Federal Reserve Act to instruct the Federal Reserve Board and the Federal Open Market Committee (FOMC) to: (1) establish and implement an explicit numerical definition of the term "price stability"; and (2) maintain a monetary policy that effectively promotes long-term price stability. Revises requirements with respect to the emergency powers of the Federal Reserve Board. Government-Sponsored Enterprises Free Market Reform Act of 2009 - Requires the Director of the Federal Housing Finance Agency (FHFA) to terminate the conservatorship of the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), also known as government-sponsored enterprises (GSEs), if at the end of a specified period the GSE is financially viable. Requires the Director, if a GSE is not financially viable, to appoint the FHFA as receiver for it. Amends the Housing and Community Development Act of 1992 to restrict the mortgage assets of a GSE upon its emergence from conservatorship. Requires the FHFA Director to revise minimum capital levels for the GSEs. Amends the Economic Stimulus Act of 2008 and the American Recovery and Reinvestment Act of 2009 to repeal temporary increases to conforming loan limits for the GSEs. Establishes new conforming loan limits for the year in which the conservatorships expire. Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to subject the GSEs to state and local taxes. Directs the FHFA Director to establish and collect assessments from each GSE to recoup the costs for the federal guarantee. Requires: (1) periodic renewals of GSE charters; and (2) wind down and dissolution in the event of non-renewal. Repeals security credit rating requirements in designated federal laws and federal regulations, including: (1) the Securities Exchange Act of 1934; (2) the Investment Advisers Act of 1940; and (3) the Higher Education Act of 1965. Amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, and the Investment Company Act of 1940 to: (1) authorize the Securities and Exchange Commission (SEC) to impose civil penalties in cease and desist proceedings; and (2) provide for nationwide service of subpoenas. Authorizes appropriations for the Financial Crimes Enforcement Network (FinCEN). Amends the Sarbanes-Oxley Act of 2002 to revise conditions under which a civil penalty obtained for violations of securities laws shall become part of a disgorgement fund for the benefit of the victims of such violation. Amends the Securities Exchange Act of 1934 to authorize the SEC to contract for the collection of delinquent judgments and orders.
![Official portrait of Rep. Shimkus, John [R-IL-15]](https://www.congress.gov/img/member/s000364_200.jpg)