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501 records in US in 2006
United States · United States Congress · 6 April 2006
Job Creation Incentive Act of 2006 - Amends the Internal Revenue Code to allow certain small employers (i.e., employers of not more than 100 employees) a business-related tax credit for 5% of wages paid to non-replacement employees whose employment results in an increase in the employer's workforce.
United States · United States Congress · 6 April 2006
Workforce Housing Act of 2006 - Amends the Internal Revenue Code to: (1) allow as a deduction from gross income any cash payments to a mortgage down payment account; and (2) establish a refundable tax credit for contributions to mortgage down payment accounts. Amends the Cranston-Gonzalez National Affordable Housing Act to establish home ownership counseling as a prerequisite to downpayment assistance under the Act. Directs the Secretary of Housing and Urban Development to make grants to local governments to provide financial assistance to developers for the production of housing for home ownership affordable to low- and moderate-income families.
United States · United States Congress · 6 April 2006
Tax Equity for Children and the Working Poor Act of 2006 - Repeals provisions of the Working Families Tax Relief Act of 2004 and the Gulf Opportunity Zone Act of 2005 relating the the uniform definition of child. Amends the Internal Revenue Code to revise eligibility rules for dependent children for purposes of the tax exemption for dependents, the child tax credit, and the earned income tax credit.
United States · United States Senate · 5 April 2006
United States · United States Senate · 5 April 2006
United States · United States Senate · 5 April 2006
United States · United States Senate · 5 April 2006
United States · United States Congress · 5 April 2006
Affordability in the Individual Market Act - Amends the Internal Revenue Code to allow the payment of insurance premiums for high deductible health plans from health savings accounts.
United States · United States Congress · 5 April 2006
Free Internet Filing Act - Directs the Secretary of the Treasury to enable individual taxpayers to file their income tax returns directly through the Internal Revenue Service website without the use of any intermediary.
United States · United States Congress · 5 April 2006
Small Employers Health Benefits Program Act of 2006 - Directs the Office of Personnel Management to administer a separate health insurance program for non-federal employees who are either self-employed or employees of a small business with fewer than 100 employees. Allows the Office to contract with carriers to provide health insurance under this Act. Requires a carrier to determine the amount of premiums to assess for coverage based on a community rate that may be annually adjusted based on geographic area, family status, and age. Prohibits varying premium rates based on health-status related factors, gender, class of business, or claims experience. Permits the Office to reimburse a carrier for costs that exceed premiums received by a specified percentage. Requires a carrier to make payments to a contingency reserve fund established by the Office if the carrier's costs are lower than expected by a specified percentage. Allows the Office to use such funds to provide assistance to carriers that experience unanticipated financial hardships. Requires the Office to establish a reinsurance fund to provide payments to carriers that experience a catastrophic claim (a claim over $50,000) for benefits provided to an individual enrolled under this Act. Allows a participating employer to offer supplemental coverage options to employees for excepted benefits that are not subject to the Public Health Service Act requirements for health plans. Authorizes the Office to contract with entities to administer this health program regionally. Allows certain benefits to be offered to Medicare beneficiaries. Requires the Office to implement a public education campaign regarding this health insurance program. Allows a refundable tax credit for health insurance expenses of small employers who pay a specific percentage of employee expenses under such a health plan.
United States · United States Congress · 5 April 2006
Transportation Empowerment Act - Authorizes appropriations out of the Highway Trust Fund (HTF) for the interstate maintenance program, emergency relief, interstate bridge program, the Federal lands highways program, highway safety programs, surface transportation research, and certain administrative expenses. Authorizes a state, upon determining that excess funds have been made available, to transfer the excess funds to, and use such funds for, any surface transportation purpose (including mass transit and rail) in the state. Revises requirements regarding state apportionments under the interstate maintenance component for resurfacing, restoring, rehabilitating, and reconstructing the Interstate System. Prohibits any restriction on the ability of a State, as part of any highway improvement project, to: (1) impose and collect a toll on any highway that is part of the Interstate System; (2) use revenue from such a toll for any purpose that the State determines to be appropriate; or (3) have toll revenue credited toward a non-federal cost share required for receipt of federal funds. Amends the Internal Revenue Code to: (1) extend, for five years, the availability of HTF funds for certain authorized expenditures; (2) set a core programs financing rate for gasoline, special motor fuels, kerosene, and diesel fuel; (3) establish in the HTF an Infrastructure Special Assistance Fund; and (4) provide for the return of excess tax receipts to states for transportation purposes. Grants consent to states to enter into interstate compacts to establish infrastructure banks to invest in the construction of surface transportation projects. Amends the IRC to reduce taxes on gasoline, diesel fuel, kerosene, and special fuels funding the HTF.
United States · United States Congress · 5 April 2006
Health Savings Account Affordability Act - Amends the Internal Revenue Code to allow the payment of insurance premiums for high deductible health plans from health savings accounts.
United States · United States Congress · 5 April 2006
National Insurance Act of 2006 - Establishes in the Department of the Treasury an Office of National Insurance (ONI), headed by a Commissioner of National Insurance, with Divisions of Insurance Fraud and of Consumer Affairs, and an Office of the Ombudsman. Authorizes the Commissioner to supervise, regulate, and provide for registration of insurance self-regulatory organizations. Requires the Commissioner to supervise National Insurers and National Agencies, including chartering and licensing. Removes them, as well as federally licensed insurance producers from state oversight of insurance business practices. Authorizes the Commissioner to provide for the organization, operation, and regulation of National Insurance Companies and National Insurance Agencies, including U.S. branches of non-U.S. Insurers. Requires National Insurers to obtain a federal license. Provides for conversion of State Insurers to National Insurers or State Insurance Agencies to National Agencies, and vice versa. Prescribes requirements for National Life Insurer product regulation. Authorizes the Commissioner to: (1) license insurers that are not National Insurers to provide reinsurance; and (2) issue federal insurance producer licenses. Provides for: (1) mergers, consolidations, and acquisitions of National Insurers and National Agencies; and (2) conversion of stock life insurers to National Life Insurer in mutual form, and vice versa. Subjects National Insurers and National Agencies to state taxation. Prohibits states from preventing or restricting National Insurers from engaging in specified insurance business practices. Requires registration with the Commissioner of National Insurers that belong to an insurance holding company system. Authorizes the Commissioner to appoint the ONI as receiver for a National Insurer for rehabilitation or liquidation, as appropriate, in a case of insolvency or one of other specified hazardous financial conditions. Requires National Insurers to join guaranty associations in each state, which may levy assessments on them for purposes of insolvency protection. Establishes a National Insurance Guaranty Corporation to provide benefits to policyholders of a National Life Insurer placed in federal receivership. Applies federal antitrust laws to National Insurers, National Agencies, and federally licensed insurance producers, except regarding standard insurance policy forms. Exempts National Insurers, National Agencies, and federally licensed insurance producers from state regulation, except as expressly provided in this Act.
United States · United States Congress · 5 April 2006
College Debt Alleviation Act of 2006 - Amends the Internal Revenue Code of 1986 to: (1) extend the tuition and related expenses tax deduction through 2010; (2) increase the maximum eligible adjusted gross income (AGI) threshold from $65,000 to $80,000 (from $130,000 to $160,000 for a joint return); and (3) increase the deduction from $3,000 to $8,000. Revises the formula for determining the AGI for the purposes of this deduction. Amends the Higher Education Act of 1965 to reduce student loan interest rates on federal PLUS loans and consolidation loans under the Federal Family Education Loan (FFEL) and Direct Loan programs.
United States · United States Congress · 5 April 2006
Directs the Secretary of the Treasury to refund a portion of the excise tax paid by certain coal producers on coal exported to a foreign country or shipped to a U.S. possession after October 1, 1990.
United States · United States Congress · 5 April 2006
Sets forth the rule for consideration of the concurrent resolution (H.Con.Res. 376) establishing the congressional budget for the United States Government for fiscal year 2007 and setting forth appropriate budgetary levels for fiscal years 2008 through 2011.
United States · United States Congress · 4 April 2006
End Child Poverty Act - Establishes the Child Poverty Elimination Board to develop a plan for: (1) cutting child poverty in half within a decade; and (2) eliminating child poverty entirely as soon as possible. Requires the plan to include recommendations for allocations from a Child Poverty Elimination Trust Fund. Directs the President to review the Board's plan, issue a plan which is the same as the Board's except where there is good cause for a modification that would be more effective, ensure plan implementation, and work with Congress to insure funding of plan implementation. Amends the Internal Revenue Code to establish the Child Poverty Elimination Trust Fund. Transfers to such Fund an amount equal to revenue from a surtax which increases by one percent the tax imposed on that portion of adjusted gross income that exceeds the threshold amount of: (1) $1 million in the case of a joint return; or (2) $500,000 in the case of any other individual income tax return.
United States · United States Congress · 4 April 2006
Amends the Internal Revenue Code to prohibit tax return preparers from: (1) using or disclosing tax return information except for tax return preparation purposes; and (2) requesting the consent of taxpayers for the disclosure of tax return information except for tax preparation purposes.
United States · United States Congress · 4 April 2006
Disabled Veterans Tax Fairness Act of 2006 - Amends the Internal Revenue Code to allow members of the uniformed services whose retired pay in any taxable year is reduced due to an award of disability compensation by the Department of Veterans Affairs an extension of the three-year limitation period for filing tax refund claims until one year after the date of a disability determination. Limits the period for which such refund claims may be filed to taxable years beginning less than 15 years before the date of a disability determination.
United States · United States Congress · 4 April 2006
National Defense Authorization Act for Fiscal Year 2007 - Authorizes appropriations for the Department of Defense (DOD), military construction, and national security programs of the Department of Energy for FY2007. Authorizes appropriations to DOD for: (1) procurement, including aircraft, missiles, weapons and tracked combat vehicles, ammunition, shipbuilding and conversion, and other procurement; (2) research, development, test, and evaluation, including ballistic missile defense; (3) operation and maintenance, including defense working capital funds, the defense health program, chemical agents and munitions destruction, and environmental restoration; (4) active and reserve military personnel, including end strengths; (5) the North Atlantic Treaty Organization Security Investment Program; and (6) Guard and reserve forces facilities. Sets forth provisions or requirements concerning: (1) active and reserve military personnel policy, including expanded duties for National Guard and reserve members; (2) military education and training; (3) military justice, including an Air Force Office of Special Investigations; (4) military pay and allowances; (5) retired pay and survivor benefits; (6) military health care; (7) acquisition policy and management, including National Defense Stockpile disposals; (8) DOD organization and management, including intelligence-related matters; (9) counter-drug activities and matters related to homeland security; (10) civilian personnel matters; (11) matters relating to other nations; (12) cooperative threat reduction with states of the former Soviet Union; and (13) DOD chemical demilitarization construction. Military Construction Authorization Act for Fiscal Year 2007 - Authorizes appropriations for FY2007 for military construction for the Armed Forces and defense agencies.
United States · United States Congress · 4 April 2006
Taxpayer Privacy Protection Act of 2006 - Amends the Internal Revenue Code to: (1) prohibit tax return preparers from disclosing income tax return information to another tax return preparer or to a contractor of a tax return preparer; and (2) repeal the authority of the Secretary of the Treasury to enter into qualified tax collection contracts.
United States · United States Congress · 4 April 2006
Military Spouses Employment Act of 2006 - Amends the Internal Revenue Code to include spouses of members of the Armed Forces on extended active duty (more than 90 days or for an indefinite period) as members of a targeted group for purposes of the work opportunity tax credit (thus giving employers a tax incentive for hiring military spouses).
United States · United States Congress · 4 April 2006
Orphan Drug Tax Credit Act of 2006 - Amends the Internal Revenue Code to move up the date on which a taxpayer may claim the tax credit for the clinical testing of drugs for rare diseases or conditions (orphan drugs) from the date a drug is designated an orphan drug to the date the application for such designation is filed.
United States · United States Congress · 4 April 2006
Taxpayer Privacy Act of 2006 - Amends the Internal Revenue Code to prohibit: (1) tax return preparers from using any tax return information outside the United States or disclosing such information to any person located outside the United States; and (2) disclosure or use of tax return information based on taxpayer consent, with limited exceptions.
United States · United States Congress · 3 April 2006
Amends the Internal Revenue Code to allow: (1) a tax deduction from gross income (available to taxpayers who do not itemize deductions) for insurance premiums for high deductible health plans; and (2) a tax credit for certain employment taxes related to premiums for high deductible health plans and contributions to health savings accounts.
United States · United States Congress · 31 March 2006
Sets forth the congressional budget for the federal government for FY2007, including the appropriate budgetary levels for FY2008-FY2011. Lists recommended budgetary levels and amounts for FY2007-FY2011 with respect to: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits (on-budget); (5) debt subject to limit; and (6) debt held by the public. Lists the appropriate levels of new budget authority and outlays for specified major functional categories for FY2007-FY2011. Sets forth reconciliation instructions for the Committees on: (1) Agriculture; (2) Armed Services; (3) Education and the Workforce; (4) Financial Services; (5) International Relations; (6) the Judiciary; (7) Transportation and Infrastructure; and (8) Ways and Means. Provides for certain reserve funds for: (1) disposal of underutilized federal real property; (2) reauthorization of the Secure Rural Schools and Community Self-Determination Act; (3) calendar year 2007 alternative minimum tax relief; (4) the National Flood Insurance Program; and (5) revision of the regulation of government-sponsored enterprises. Prohibits House legislation that would require advanced appropriations, with a specified exception. States that, if legislation is reported that makes appropriations for FY2007 for contingency operations directly related to the global war on terrorism and other unanticipated defense-related operations, then the resulting new budget authority, new entitlement authority, outlays, or receipts shall not count for certain reconciliation and other specified purposes of the Congressional Budget Act of 1974 (CBA). Exempts also from counting for such purposes the new budget or entitlement authority, or outlays, resulting from any reported legislation that makes appropriations for FY2007 to combat avian flu, increases local preparedness, and develops a vaccine to innoculate the U.S. population. Authorizes the House Committee on Appropriations to make a separate suballocation for appropriations for the legislative branch for the first fiscal year of this resolution. Sets forth, for specified reconciliation purposes, budgetary treatment of certain legislation that revises the National Flood Insurance Program. Provides for adjustments in the allocations and aggregates of budget authority, outlays, and revenue set forth in this resolution to reflect the budgetary effects of certain tax legislation. Establishes a nondefense reserve fund for emergencies. Expresses the sense of Congress that the determination of the congressional budget for the federal government and the President's budget request should include consideration of the Financial Report of the United States Government, especially its information regarding the government's net operating cost, financial position, and long-term liabilities. Expresses the sense of Congress that any revenue increases achieved through recovery of taxes legally owed to the U.S. Treasury but not actually paid (the so-called "tax gap") shall be dedicated entirely to reducing the deficit and the accumulated debt, and not to financing additional spending.
United States · United States House of Representatives · 30 March 2006
United States · United States Senate · 30 March 2006
United States · United States Senate · 30 March 2006
United States · United States Senate · 30 March 2006
United States · United States Congress · 30 March 2006
Protecting Taxpayer Privacy Act - Amends the Internal Revenue Code to require Treasury regulations to prohibit tax return preparers from disclosing tax return information to third parties without taxpayer consent and unless such third parties are corporate affiliates of the tax return preparer or a corporate fiduciary with respect to the taxpayer. Authorizes the issuance of additional regulations permitting other limited disclosures of tax return information.
United States · United States Congress · 30 March 2006
Requires the Secretary of Homeland Security to hire additional full-time non-supervisory import specialists of the Bureau of Customs and Border Protection so that the number of such specialists during FY2007 and each subsequent fiscal year is at least 1,080. Amends the Homeland Security Act of 2002 to require the Secretary to certify to specified congressional committees, annually, that this requirement has been met.
United States · United States Congress · 30 March 2006
Secure Rural Schools and Communities Funding Act of 2006 - Amends the Internal Revenue Code to: (1) establish in the Treasury the Rural Schools and Communities Trust Fund to make payments to eligible states and counties under the Secure Rural Schools and Community Self-Determination Act of 2000; and (2) require the withholding of three percent of any federal payment for goods and services and the transfer of an estimated amount of such withheld funds to the Trust Fund.
United States · United States Congress · 30 March 2006
Trade Preference Extension and Expansion Act of 2006 - Amends the Trade Act of 1974 to extend the Generalized System of Preferences (GSP) Program from December 31, 2006, through December 31, 2007. Amends the Andean Trade Preference Act to extend from December 31, 2006, through December 31, 2007 the duty-free treatment or other preferential treatment for beneficiary countries under the Act. Amends the African Growth and Opportunity Act to change from mandatory to discretionary the authority of the President to terminate the designation of an eligible beneficiary sub-Saharan African country for failing to continue compliance with such Act. Requires the President to notify Congress, and allows him to proceed with termination only if Congress fails to prohibit it. Authorizes the U.S. Trade Representative (USTR) to provide grants to U.S. nongovernmental organizations and private sector representatives to host the annual United States-Sub-Saharan African Trade and Economic Cooperation Forum. Amends the African Growth and Opportunity Act (AGOA) to revise the designation for preferential treatment of apparel articles wholly assembled in one or more beneficiary sub-Saharan African countries from certain regional fabric or yarns. Specifies for such duty-free treatment apparel articles that are both cut (or knit-to-shape) and sewn or otherwise assembled in one or more such countries. Directs the President to develop a comprehensive plan addressing specified issues to promote economic reforms and development in sub-Saharan Africa. Requires the President to establish additional duty-free access for beneficiary sub-Saharan African countries for agricultural products governed by current tariff-rate quotas. Authorizes the Administrator of the United States Agency for International Development (USAID) to make grants to governmental and nongovernmental entities in beneficiary sub-Saharan African countries that can provide assistance, consultation, and equipment to local agribusinesses to enable their products to meet U.S. import requirements. Requires the Secretary of Agriculture to direct the Foreign Agriculture Service to work with national African agricultural organizations to identify needs and implement programs that strengthen member ability to fulfill these needs in conjunction with export credit guarantee programs. Amends the Export-Import Bank Act of 1945 to specify the use of resources of the Export-Import Bank of the United States and the Overseas Private Investment Corporation to encourage industrial and agricultural development in beneficiary sub-Saharan African countries. Expresses the sense of Congress for USAID technical assistance in development of domestic tax policies in such countries to replace lost trade tax revenues resulting from trade liberalization. Requires the Secretary of the Treasury and the USTR to seek negotiations with such countries for income tax treaties and bilateral investment agreements, respectively, with the United States. Expresses the sense of Congress with respect to sub-Saharan Africa development and trade capacity. Requires U.S. infrastructure and industry-building assistance needed for sustainable economic development of sub-Saharan Africa. Sets forth the sense of Congress regarding the October 2005 election of Ms. Ellen Johnson Sirleaf as President of Liberia.
United States · United States Congress · 30 March 2006
Requires the Secretary of Homeland Security to hire additional full-time non-supervisory import specialists of the Bureau of Customs and Border Protection so that the number of such specialists during FY2007 and each subsequent fiscal year is at least 1,080. Amends the Homeland Security Act of 2002 to require the Secretary to certify to specified congressional committees, annually, that this requirement has been met.
United States · United States Congress · 30 March 2006
Taxpayer Privacy Protection Act of 2006 - Amends the Internal Revenue Code to prohibit a tax return preparer from requesting a taxpayer to consent to the disclosure or use of tax return information.
United States · United States Congress · 30 March 2006
Amends the Internal Revenue Code to allow: (1) taxpayers making charitable contributions of real property for conservation purposes (qualified conservation contributions) to deduct up to 50% (currently, 30%) of their income for such contributions (100% for certain farmers or ranchers); and (2) a 15-year carryover of excess tax deduction amounts for such contributions.
United States · United States Congress · 30 March 2006
Sets forth the congressional budget for the federal government for FY2007, including the appropriate budgetary levels for FY2008-FY2011. Lists recommended budgetary levels and amounts for FY2007-FY2011 with respect to: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits (on-budget); (5) debt subject to limit; and (6) debt held by the public. Lists the appropriate levels of new budget authority and outlays for specified major functional categories for FY2007-FY2011. Sets forth reconciliation instructions for the Committees on: (1) Agriculture; (2) Armed Services; (3) Education and the Workforce; (4) Energy and Commerce; (5) Government Reform; (6) Resources; (7) Transportation and Infrastructure; and (8) Ways and Means. Requires the Committee on Ways and Means to report a reconciliation bill providing for revenue reduction. Requires the Committee on Veterans' Affairs to submit to the Committee on the Budget its findings that identify savings amounting to 1% of total spending under its jurisdiction from activities that are wasteful, unnecessary, or lower-priority. Establishes a reserve fund for emergencies. Prohibits House legislation that would require advanced appropriations, with a specified exception. Makes rule XXVII of the House (the Gephardt Rule, relating to mandatory adjustment of the statutory limit on the public debt to conform to a budget resolution) inapplicable with respect to the adoption by Congress of a budget resolution for FY2007. Requires: (1) reported legislation designated as an emergency requirement to include an explanation of the manner in which the legislation meets specified criteria; and (2) if such legislation is to be considered without being reported, the explanation to be published in the Congressional Record in advance of floor consideration. Provides for changes in allocations and aggregates resulting from realistic scoring of measures affecting federal revenues. Prohibits the use of revenue increases to comply with budget allocations and aggregates. Makes it out of order in the House to consider direct spending legislation that would increase an on-budget deficit or decrease an on-budget surplus for any specified applicable time period. Requires the chairman of the Committee on the Budget to maintain a: (1) Budget Protection Mandatory Account; and (2) Budget Protection Discretionary Account.
United States · United States Senate · 29 March 2006
United States · United States Senate · 29 March 2006
United States · United States Senate · 29 March 2006
United States · United States Senate · 29 March 2006
United States · United States Congress · 29 March 2006
Veterans Health Benefits Voluntary Option Act of 2006 - Amends the Internal Revenue Code to allow a taxpayer to designate an overpayment of income taxes to fund health benefits provided by the Department of Veterans Affairs. Establishes in the Treasury the Department of Veterans Affairs Health Benefits Fund to receive designated tax overpayments and to pay health benefits through the Veterans Health Administration.
United States · United States Congress · 29 March 2006
Restoring America's Competitiveness Act of 2006 - Establishes the National Commission on International Economic Policy. Amends the Bipartisan Trade Promotion Authority Act of 2002 to require the International Trade Commission (ITC), before initiating negotiations for trade agreements regarding tariff and nontariff barriers, to report to Congress on certain effects such agreements may have on U.S. industries. Declares that Congress reaffirms the negotiating objective relating to border taxes set forth in the Trade Act of 2002. Sets forth conditions under which the Secretary of Commerce shall, as of January 1, 2008, treat as a countervailable subsidy the full or partial exemption, remission, or deferral specifically related to exports of indirect taxes paid on a product. Establishes the Congressional Advisory Commission on World Trade Organization (WTO) Dispute Settlement. Allows, under specified conditions, certain private U.S. persons supportive of the government's position before a dispute settlement panel or Appellate Body of the WTO to participate in consultations and panel proceedings. Amends the Trade Act of 1974 to modify the trade dispute functions of the U.S. Trade Representative (USTR). Amends the Tariff Act of 1930 to extend the meaning of countervailable subsidy to include exchange-rate manipulation. Requires the ITC to study how the People's Republic of China (PRC) uses government intervention to promote investment, employment, and exports. Amends the Trade Act of 1930 with respect to U.S. unfair trade laws and creation of an Assistant Attorney General for Trade Law Enforcement. Amend the Trade Act of 1974 to modify: (1) the test for positive adjustments to import competition; and (2) standards for the USTR's recommendation to the President on findings of market disruption by Chinese exports. Requires the USTR to report to Congress on how agreements resulting from negotiations on the Doha Development Agenda of the WTO will implement the provisions of the Agreement on Antidumping, the Agreement of Subsidies and Countervailing Measures, and the Agreement on Safeguards, as such Agreements were approved by Congress under the Uruguay Round Agreements Act. Applies the amendments made by this Act to goods from Canada and Mexico.
United States · United States Senate · 28 March 2006
United States · United States Senate · 28 March 2006
United States · United States Senate · 28 March 2006
United States · United States Senate · 28 March 2006
United States · United States Congress · 28 March 2006
United States Trade Enhancement Act of 2006 - Amends the Tariff Act of 1930 with respect to antidumping or countervailing duty reviews by the administering authority. Suspends, from April 1, 2006, until June 30, 2009, the requirement that the administering authority direct the Customs Service to allow, at the importer's option, the posting of a bond or security in lieu of a cash deposit, until completion of the review, for each entry of the subject merchandise (bonding privileges). Requires the Secretary of the Treasury to report to specified congressional committees on: (1) the impact of such suspension; (2) any major problem in the collection of duties during the four most recent fiscal years; and (3) an analysis of proposed solutions for such problems. Modifies the composition of the Office of the U.S. Trade Representatives (USTR) to include a General Counsel. Requires the USTR to establish an interagency Trade Enforcement Working Group to assist the General Counsel. Amends the Trade Act of 1974 to require the USTR to identify and report annually to specified congressional committees: (1) on U.S. trade enforcement priorities; (2) enforcement actions and their impact; and (3) priority foreign country trade practices on which the USTR will focus enforcement efforts. International Monetary and Financial Policy Cooperation Act of 2006 - Amends the Omnibus Trade and Competitiveness Act of 1988 to repeal the Exchange Rates and International Economic Policy Coordination Act of 1988. Requires the President to establish an Advisory Committee on International Monetary and Financial Policy, and the Secretary of the Treasury to report annually to Congress on international economic policy and currency exchange rates. Specifies subsequent actions the Secretary shall take with respect to each currency of the major economies or economic areas that are in fundamental misalignment for which the misalignment causes, or contributes to, a material adverse impact on the U.S. economy. Specifies conditions for U.S. approval of a proposed change in the governance arrangement of any international financial institution. Amends the Tariff Act of 1930 to modify factors for determining if a foreign country is a "nonmarket economy country." Provides for an additional Assistant Secretary of the Treasury.
United States · United States Congress · 28 March 2006
Small Business Tax Flexibility Act of 2006 - Amends the Internal Revenue Code to permit certain small start-up businesses to elect a taxable year, other than the required taxable year, which ends on the last day of any of the months of April through November (or at the end of an equivalent annual period).