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551 records in US in 2010
United States · United States House of Representatives · 27 April 2010
United States · United States Congress · 27 April 2010
Fire Grants Reauthorization Act of 2010 - Amends the Federal Fire Prevention and Control Act of 1974 to reauthorize through FY2015 the Federal Emergency Management Agency's (FEMA's) Assistance to Firefighters Grants (AFG) program and the Staffing for Adequate Fire and Emergency Response (SAFER) program. Authorizes the Administrator of FEMA to award: (1) AFG grants on a competitive basis to fire departments, nonaffiliated emergency medical services (EMS) organizations, and state fire training academies; and (2) fire prevention and safety grants to fire departments for fire prevention programs and research to improve firefighter health and life safety. Establishes grant funding requirements and limitations for emergency medical services, awards to nonaffiliated EMS organizations, fire prevention and safety grants, state fire training academies, and purchasing firefighting vehicles. Requires the Administrator to: (1) appoint fire service and EMS personnel to conduct peer reviews of grant applications; and (2) publish guidelines in the Federal Register describing the grant application process and criteria for selecting grant recipients. Amends SAFER program provisions to: (1) reduce the period of SAFER grants from four to three years; (2) limit to 75% the portion of the cost of hiring firefighters provided by a grant in any fiscal year; and (3) allow a waiver, based upon economic hardship, of certain firefighter hiring and cost requirements. Terminates amendments made by this Act on October 1, 2015.
United States · United States Congress · 27 April 2010
Sustainable Water Infrastructure Investment Act of 2010 - Amends the Internal Revenue Code to exempt from state volume caps private facility bonds for sewage and water supply facilities.
United States · United States Congress · 27 April 2010
Eliminates automatic cost of living adjustments for Members of Congress during FY2011.
United States · United States Congress · 27 April 2010
Airport and Airway Extension Act of 2010 - Amends the Internal Revenue Code to extend through July 3, 2010: (1) increased excise taxes on aviation fuels and the excise tax on air transportation of persons and property; and (2) the expenditure authority for the Airport and Airway Trust Fund. Increases the authorization of appropriations for the period beginning on October 1, 2009, for airport planning and development and noise compatibility planning projects, and extends such authorization through July 3, 2010. Sets forth a formula for calculating funding apportionments of airport improvement program (AIP) projects by the Administrator of the Federal Aviation Administration (FAA). Extends through July 3, 2010, the authority of the Secretary of Transportation to make AIP project grants. Extends through July 3, 2010: (1) the pilot program for passenger facility fee authorizations at nonhub airports; and (2) disclosure requirements for large and medium hub airports applying for AIP grants. Directs the Secretary of Transportation to extend through July 3, 2010, the termination date of insurance coverage for domestic or foreign-flag aircraft, and grants the Secretary discretionary authority to further extend such coverage through September 30, 2010. Extends through September 30, 2010, the authority of the Secretary to limit air carrier liability for claims arising out of acts of terrorism. Extends through July 3, 2010: (1) grant eligibility for airports located in the Marshall Islands, Micronesia, and Palau; (2) grants to state and local governments for land use compatibility projects under the AIP; and (3) authority for approving an application of the Metropolitan Washington Airports Authority for an airport development project grant or for permission to impose a passenger facility fee. Amends the Vision 100--Century of Aviation Reauthorization Act to extend through July 3, 2010: (1) the temporary increase to 95% of the federal government's share of certain AIP project costs; and (2) funding for airport development at Midway Island Airport. Extends through July 3, 2010, and increases for the period beginning on October 1, 2009, the authorization of appropriations for: (1) Federal Aviation Administration (FAA) operations; (2) air navigation facilities and equipment; and (3) civil aviation research and development.
United States · United States Congress · 27 April 2010
War on Debt Act of 2010 - Requires the Secretary of the Treasury to establish and administer a new series of U.S. savings bonds to be known as "War on Debt Bonds," to be used first solely to reduce the amount of foreign-held public debt, and then to reduce other public debt. Sets the maturity and redemption date of a War on Debt Bond at 30 years from the date of issue. Requires certain annual principal and interest payments, which shall not be includible in gross income under the Internal Revenue Code. Allows redemption of such a Bond before 30 years if during any fiscal year during which it is outstanding: (1) the federal budget deficit exceeds 3% of gross domestic product (GDP); or (2) the public debt exceeds 10% of GDP. Limits the holding of a War on Debt Bond to: (1) U.S. citizens or residents; (2) domestic partnerships, or domestic corporations (not more than 1% of the ownership interest of which is held, directly or indirectly, by a person who is not a U.S. person); or (3) estates or trusts which are U.S. persons, unless there is a trust beneficiary who is not a U.S. person.
United States · United States Congress · 26 April 2010
Sets forth the congressional budget for the federal government for FY2011, including the appropriate budgetary levels for FY2010 and FY2012-FY2015. Lists recommended budgetary levels and amounts for FY2010-FY2015 with respect to: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits; (5) public debt; and (6) debt held by the public. Lists the appropriate levels of new budget authority, outlays, and administrative expenses for Social Security, U.S. Postal Service discretionary administrative expenses, and specified major functional categories for FY2010-FY2015. Provides for certain deficit-neutral and/or deficit-reduction reserve funds for legislation for: (1) promotion of employment and job growth; (2) stabilization and improvement of the regulation of the financial and housing sector; (3) tax relief and reform; (4) investments in clean energy and preservation of the environment; (5) assistance to working families and children; (6) investments in America's infrastructure; (7) America's veterans, and returning and wounded servicemembers; (8) higher education; (9) health care; (10) investments in counties and schools; (11) the federal judiciary; (12) recommendations of the National Commission on Fiscal Responsibility and Reform; (13) improper payments; (14) terminated programs; (15) small business tax relief; (16) greater accountability for the American Recovery and Reinvestment Act of 2009 (ARRA) funding and for health care reform; (17) reduction of tax increases on low-and middle-income Americans and protection of retirees; (18) promotion of corporate tax fairness; (19) taxpayer access to Internal Revenue Service (IRS) appeals; (20) increased difficulty for corporations to influence elections; (21) repeal of deductions from mineral revenue payments to states; and (22) increased transparency regarding foreign holders of U.S. debt and risk assessment related to the federal debt. Provides for deficit-reduction reserve funds for legislation for: (1) recommendations of the National Commission on Fiscal Responsibility and Reform; (2) improper payments; (3) terminated programs; and (4) promoting corporate tax fairness. Establishes specified discretionary spending limits in the Senate. Provides for adjustments to discretionary spending limits, budgetary aggregates, and allocations for: (1) continuing disability reviews and Supplemental Security Income (SSI) redeterminations for the Social Security Administration (SSA); (2) IRS tax enforcement; (3) health care fraud and abuse control; (4) unemployment insurance improper payments reviews; and (5) adjustments to support ongoing overseas deployments and other activities. Makes it out of order to consider in the Senate any legislation that would: (1) require advanced appropriations, with specified exceptions; or (2) provide an emergency designation, for the purpose of the Statutory Pay-As-You-Go Act of 2010 or this resolution, unless each designation is accompanied by an "Affirmation of Emergency Designation" document filed with the Clerk of the Senate and signed by 16 Senators. Allows the Chairman of the Senate Budget Committee to adjust the estimate of budgetary effects of legislation to exclude amounts of qualifying budgetary effects if the legislation: (1) amends or supersedes the system for updating physician payments under title XVIII (Medicare) of the Social Security Act; (2) amends the Estate and Gift Tax under the Internal Revenue Code; (3) extends the Alternative Minimum Tax (AMT) relief for individuals under the Code; or (4) extends middle-class tax cuts under the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) or the Jobs and Growth Tax Relief and Reconciliation Act of 2003 (JGTRRA). Permits the Chairman to make adjustments only for points of order in specified legislation relating to: (1) pay-as-you-go; and (2) long- and short-term deficits. Extends through FY2020 certain CBA mechanisms for enforcement of budgetary points of order in the Senate. Makes it out of order to consider in the Senate reconciliation legislation that produces an increase in outlays if the effect of all the provisions in the jurisdiction of any committee is to create or result in gross new direct spending that exceeds 20% of the total savings instructions to the committee. Requires Senate committees to review programs and tax expenditures in their jurisdiction, and provide recommendations to the Senate Budget Committee to improve governmental performance and to reduce waste, fraud, abuse, or program duplication in their views and estimates reports. Requires the joint explanatory statement accompanying the conference report on any budget resolution in the Senate to include in its committee allocations to the Committees on Appropriations amounts for the discretionary administrative expenses of the SSA and of the Postal Service. Makes it out of order to consider a budget resolution in the Senate unless it: (1) contains a specified "Truth in Debt Disclosure" section; and (2) includes a table that contains, for each of the previous 12 fiscal years, specified information based on the budget resolution for each such fiscal year. Declares that the levels assumed in this budget resolution allow the gross federal debt to rise: (1) by $4.71 trillion from FY2010-FY2015; and (2) by $15,250 on every U.S. citizen from FY2010-FY2015. States that such levels cut: (1) spending as a percent of gross domestic product (GDP) by 11%; (2) the deficit as a percent of GDP by 70%; and (3) taxes by $780 billion. Sets forth reconciliation instructions for the Senate Committee on Finance.
United States · United States Congress · 26 April 2010
Small Business Paperwork Mandate Elimination Act - Amends the Internal Revenue Code to repeal a provision (added by the Patient Protection and Affordable Care Act) that extends to corporations that are not tax-exempt the requirement to report payments of $600 or more.
United States · United States Congress · 26 April 2010
National Defense Authorization Act for Fiscal Year 2011 - Authorizes appropriations for the Department of Defense (DOD) for FY2011. Authorizes appropriations to DOD for: (1) procurement, including for aircraft, missiles, weapons and tracked combat vehicles, ammunition, and shipbuilding and conversion; (2) the Joint Improvised Explosive Device Defeat Fund; (3) Defense Production Act purchases; (4) research development, test, and evaluation; (5) operation and maintenance; (6) military personnel; (7) Working Capital Funds; (8) the National Defense Sealift Fund; (9) the Defense Coalition Acquisition Fund; (10) chemical agents and munitions destruction; (11) drug interdiction and counter-drug activities; (12) the Defense Inspector General; (13) the Defense Health Program; (14) the Armed Forces Retirement Home; (15) overseas contingency operations; (16) chemical demilitarization; (17) the North Atlantic Treaty Organization (NATO) Security Investment Program; (18) National Guard and reserve forces facilities; (19) military base closure and realignment activities; and (20) overseas contingency operations military construction. Military Construction Authorization Act for Fiscal Year 2011 - Authorizes appropriations for FY2011 for military construction, military family housing, and energy conservation projects. Sets forth provisions or requirements concerning: (1) military personnel policy; (2) education and training; (3) military pay and allowances; (4) acquisition policy and management; (5) DOD organization and management; (6) DOD financial matters; (7) civilian personnel; (8) matters relating to foreign nations; (9) the National Defense Stockpile; and (10) military construction. Establishes the Refined Petroleum Products, Marginal Expense Transfer Account for DOD purchases of refined petroleum products.
United States · United States Congress · 26 April 2010
Grow a Renewable Energy Economy Now--Jumpstart Other Biofuels Act of 2010 - Amends the Internal Revenue Code to: (1) allow a 30% energy tax credit for investments in qualified cellulosic and algae-based biofuel facilities; (2) extend through 2016 the special depreciation allowance for qualified cellulosic biofuel plant property; (3) include algae-based biofuel within the definition of cellulosic biofuel for purposes of the cellulosic biofuel producer tax credit; (4) exclude from the definition of cellulosic biofuel any processed fuel with an acid number greater than 25; (5) extend through 2016 the cellulosic biofuel producer tax credit; and (6) allow a direct payment of 30% of the basis of cellulosic and algae-based biofuel facility property.
United States · United States Senate · 22 April 2010
United States · United States Senate · 22 April 2010
United States · United States Congress · 22 April 2010
Predisaster Hazard Mitigation Act of 2010 - Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to require the President to: (1) award financial assistance under the pre-disaster hazard mitigation program on a competitive basis; and (2) ensure that the amount of assistance made available to each state is not less than the lesser of $575,000 or the amount that is equal to 1% of the total funds appropriated to carry out such program for the fiscal year, and is not more than 15% of such appropriated funds. Authorizes appropriations for the program for FY2011-FY2015. Repeals the program termination date.
United States · United States Congress · 22 April 2010
Eliminates automatic cost of living adjustments for Members of Congress during FY2011.
United States · United States Congress · 22 April 2010
Small Business Bill of Rights - Amends the Internal Revenue Code to: (1) extend through 2011 the offset of nonrefundable personal credits against regular and alternative minimum tax (AMT) liability, the increased AMT exemption amount, and the reduced tax rates on dividends and capital gains; (2) reduce the tax rate on gain from the sale of qualified small business stock; (3) increase in 2009, 2010, or 2011 the tax deduction for business start-up expenses; (4) allow self-employed individuals to deduct health insurance costs in computing the tax on self-employment income; (5) increase and make permanent the tax credit for the purchase of hybrid motor vehicles; (6) allow a new tax credit for the purchase of flexible fuel vehicles; and (7) make the tax credits for residential energy efficiency expenditures and the tax deduction for energy efficient commercial building expenditures permanent. Requires each report of a congressional committee on a public bill or joint resolution to contain a statement by the Comptroller General that certifies that such bill or resolution will not cause an increase in unemployment. Exempts a small business concern from any amendment to the Internal Revenue Code after the enactment of this Act that would result in a tax increase to such business. Authorizes the Administrator of the Small Business Administration (SBA) to take steps to limit the impact of federal regulations on small business concerns. Postpones until December 31, 2015, the termination of the estate and generation-skipping transfer tax provisions enacted by the Economic Growth and Tax Relief Reconciliation Act of 2001. Amends the National Labor Relations Act to make it an unfair labor practice for: (1) an employer to recognize or bargain collectively with a labor organization that has not been selected by a majority of the employees in a secret ballot election conducted by the National Labor Relations Board (NLRB); and (2) a labor organization to cause or attempt to cause an employer to recognize or bargain collectively with a representative that has not been selected in such manner. Sets forth provisions to implement health care liability reforms. Amends the Public Health Service Act to allow for the purchase of health insurance coverage across state lines. Amends the Illegal Immigration Reform and Immigrant Responsibility Act of 1996 to make the e-verify program permanent and to allow verification of employee legal status over the telephone. Allows small business concerns a 30-day grace period to correct errors in paperwork for which fines may be imposed under the Immigration and Nationality Act. Expresses the sense of Congress against the enactment of any laws to lessen the protections for new products or processes under the patent law or to reduce the term of any existing patent. Establishes in the United States Patent and Trademark Office (USPTO) a Patent Ombudsman Program to assist small business concerns in filing patents. Prohibits: (1) a federal agency from issuing a rule until it has studied whether such rule will have an unduly burdensome effect on small business concerns; and (2) the SBA Administrator, in carrying out SBA programs, from imposing any limit on executive compensation by any small business concern. Requires the Comptroller General to conduct a study of each federal regulation to determine the burden such regulation imposes on small business concerns. Amends the Small Business Act relating to the Service Corps of Retired Executives (SCORE) to require the SBA Administrator to ensure that SCORE: (1) carries out a plan to increase the number of small business mentors; (2) establishes benchmarks for evaluating its activities and volunteers; and (3) establishes a mentoring program of one-on-one advice to small businesses from qualified counselors. Renames the Service Corps of Retired Executives as SCORE. Eliminates the Active Corps of Executives. Amends the Small Business Act to increase from 23% to 30% the government-wide small business procurement contract goal. Requires the President, before the close of each fiscal year, to establish new goals. Requires each federal agency to have an annual goal at least equal to the federal goal. Redefines the terms"bundled contract" and "bundling of contract requirements" for federal contract procurement purposes. Amends the federal criminal code to impose criminal penalties for making a false statement concerning status as a small business concern in an effort to obtain a federal contract. Rescinds any unobligated balances made available by the American Recovery and Reinvestment Act of 2009. Repeals the Troubled Asset Relief Program (TARP). Requires any TARP funds repaid to the federal government to be used for deficit reduction.
United States · United States Congress · 22 April 2010
Groundwork USA Trust Act of 2010 - Establishes the Groundwork USA Trust Program. Authorizes the Secretary of the Interior, in consultation with the Groundwork USA national office, to award grants to eligible nonprofit organizations to: (1) provide training, research, and technical assistance to individuals and organizations to facilitate the inventory of brownfield sites, site assessments, remediation of brownfield sites, community involvement, or site preparation; (2) reclaim vacant and derelict lands for conservation, recreation, and economic development; (3) clean up and care for neglected areas; (4) return brownfields to economically productive use; (5) integrate environmental education, food security, health and fitness, resource management, and job training; (6) encourage businesses, local governments, nonprofits, and communities to work together for sustainable environmental care and enhancement; (7) support businesses, local governments, nonprofits, and communities in efforts to improve their local environment; (8) acquire real property and buildings to rehabilitate and improve upon for the local community and perform maintenance on such property and buildings; and (9) develop programs that encourage regional and national partnering with other environmental organizations. Limits the maximum amount for a grant award under the program to $400,000 for any fiscal year. Requires annual reporting by grant recipients.
United States · United States Congress · 22 April 2010
Amends the Internal Revenue Code to include qualified carsharing and ridesharing reimbursement as a qualified transportation fringe benefit for purposes of the tax exclusion for such benefits.
United States · United States House of Representatives · 21 April 2010
United States · United States Senate · 21 April 2010
United States · United States Senate · 21 April 2010
United States · United States Senate · 21 April 2010
United States · United States Congress · 21 April 2010
2010 District of Columbia Omnibus Authorization Act - Amends the District of Columbia Appropriation Act, 1982, as amended by the District of Columbia Appropriations Act, 1990, to repeal the prohibition against, and so permit, the promotion or operation of revenue-raising games of chance on the federal enclave, its adjacent public buildings, and land controlled by the Shipstead-Luce Act. Amends the District of Columbia Home Rule Act to make permanent the authority to: (1) increase the amount appropriated to the District of Columbia (District) as local funds during a fiscal year attributable to unanticipated growth of revenue collections; and (2) allocate funds from the District emergency and contingency reserve funds, respectively, and use them for cash flow management purposes. Revises certain specifications for the authorized transfer by the District Council, on behalf of the United States, to the District Redevelopment Land Agency of all federal right, title, and interest in the Southwest Waterfront Project Site. Authorizes such transfer by one or more quitclaim deeds. Authorizes the Agency to lease or sell the Site to a redevelopment company or other lessee or purchaser. Repeals the U.S. reversionary interest in such property. Requires the Director of the National Park Service and the Secretary of the Interior each to transfer specified lands to the District. Amends the District of Columbia Official Code to revise the authorities of the chief judge of the District of Columbia Court of Appeals to: (1) provide biennial and, as under current law, annual judicial conferences; and (2) require active magistrate judges at such conferences. Authorizes the chief judges of the District Superior Court and of the District Court of Appeals to toll or delay judicial proceedings in certain natural disaster or other emergency situations. Amends the Code to authorize the Joint Committee on Judicial Administration to establish a voluntary separation incentive payments program for nonjudicial employees of the District courts substantially similar to that for certain federal employees and members of the uniformed services. Amends the District of Columbia Home Rule Act to reduce from 114 to 70 days after a vacancy occurs the timing for special elections for ward council members in the District. Revises the annual salary of the Chief Financial Officer of the District to a rate which is not less than (currently, an annual rate equal to) level I of the Executive Schedule. Deauthorizes a specified portion of the project for navigation, Potomac River, Washington Channel, District of Columbia.
United States · United States Congress · 21 April 2010
Protect Medical Innovation Act - Amends the Internal Revenue Code to repeal the excise tax on medical device manufacturers and importers (established by the Patient Protection and Affordable Care Act [PPACA]).
United States · United States Congress · 21 April 2010
Amends the Internal Revenue Code with respect to the tax deduction for domestic oil related production activities to limit the 3% reduction in such deduction to major integrated oil companies (companies which have an average daily worldwide annual production of crude oil of at least 500,000 barrels and annual gross receipts in excess of $1 billion).
United States · United States Senate · 20 April 2010
United States · United States Congress · 20 April 2010
Grow Renewable Energy from Ethanol Naturally Jobs Act of 2010 or the GREEN Jobs Act of 2010 - Amends the Internal Revenue Code to extend through 2015 the income and excise tax credits for alcohol used as fuel, the cellulosic biofuel producer tax credit, and the reduced credit for ethanol blenders. Amends the Harmonized Tariff Schedule of the United States to extend until 2016 the additional tariff on ethyl alcohol blends (ethanol) used as fuel.
United States · United States Congress · 20 April 2010
Military Spouses Employment Act - 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 · 20 April 2010
Amends the Internal Revenue Code to suspend until 2015 the dollar limitation, and the reduction in such limitation, on certain depreciable business and investment asssets.
United States · United States Congress · 20 April 2010
Middle Class Tax Relief Act - Amends the Internal Revenue Code to: (1) increase the maximum allowable dollar amount of the dependent care tax credit; (2) increase to $60,000 the adjusted gross income threshold for the phaseout of such credit; (3) allow such credit for the expenses of caring for the taxpayer's parents (or ancestors of such parents) who are unable to care for themselves; and (4) extend the additional standard tax deduction for state and local real property taxes through 2010 and increase the allowable amount of such deduction. Makes permanent the increases in the dollar limits for the dependent care tax credit enacted by the Economic Growth and Tax Relief Reconciliation Act of 2001.
United States · United States Congress · 20 April 2010
ESEA Fiscal Fairness Act - Amends part A of title I of the Elementary and Secondary Education Act of 1965 to condition local educational agency (LEA) receipt of school improvement funds on: (1) an average state and local spending per pupil in each school receiving school improvement funds of at least 97% of such spending per pupil across all schools that are not receiving such funds; and (2) an average state and local spending per pupil in each higher poverty school of at least 97% of such spending per pupil across all lower poverty schools, if the LEA is serving all of its schools under part A. Allows LEAs to meet such requirement across all schools or among schools serving a particular grade span if they compare schools within no more than three grade spans. Directs the Inspector General of the Department of Education, in the fourth and fifth years after this Act's enactment, to audit 5 states and 10 LEAs to determine their progress in meeting these requirements. Requires annual LEA report cards to include certain information on state and local spending per pupil in schools. Requires states to provide the public with annual up-to-date school-by-school listings of per-pupil state and local spending.
United States · United States Congress · 20 April 2010
Amends the Internal Revenue Code to make permanent and increase the alternative minimum tax (AMT) exemption amount to $100,000 for married couples filing a joint tax return and surviving spouses and to $75,000 for unmarried individuals. Adjusts such increased exemption amounts for inflation in taxable years beginning after 2010.
United States · United States Congress · 20 April 2010
Higher Education Affordability and Equity Act of 2010 - Amends the Internal Revenue Code to: (1) repeal the dollar limitation on the tax deduction for interest on education loans and expand eligibility for such deduction by increasing the threshold for the phaseout of such deduction; (2) increase to $5,000 the maximum allowable contribution to a Coverdell education savings account; and (3) include qualified higher education expenses (i.e., books, supplies, room, board, and special needs services) as amounts excludable from gross income as a qualified scholarship. Exempts from the general terminating date of the Economic Growth and Tax Relief Reconciliation Act (i.e., December 31, 2010) provisions of that Act modifying education individual retirement accounts and expanding the tax deduction for student loan interest.
United States · United States Congress · 20 April 2010
Stop Offshore Bad Actors Act of 2010 - Amends the Internal Revenue Code to require the Secretary of the Treasury to publish in the Federal Register each year the names of individuals who have been granted amnesty or immunity from criminal prosecution by the Internal Revenue Service (IRS) during the preceding calendar year.
United States · United States Congress · 20 April 2010
Keep Out the IRS Act of 2010 - Prohibits the Internal Revenue Service (IRS) from filling any position, by transfer or any other appointment taking effect on or after the enactment of this Act, if the duties and responsibilities of such position include the implementation, administration, or enforcement of any provision of, or amendment made by, the Patient Protection and Affordable Care Act (PPACA) or the Health Care and Education Reconciliation Act of 2010.
United States · United States House of Representatives · 15 April 2010
United States · United States House of Representatives · 15 April 2010
United States · United States Senate · 15 April 2010
United States · United States Senate · 15 April 2010
United States · United States Senate · 15 April 2010
United States · United States Senate · 15 April 2010
United States · United States Congress · 15 April 2010
Harbor Maintenance Act of 2010 - Requires the total budget resources for expenditures from the Harbor Maintenance Trust Fund for harbor maintenance programs to equal the level of receipts plus interest credited to such Fund for that fiscal year. Limits the use of such resources to such programs only. Declares that it shall be out of order in the House of Representatives or the Senate to consider any bill, joint resolution, amendment, motion, or conference report that would cause total budget resources for the Fund in a fiscal year for harbor maintenance programs to be less than the level of receipts plus interest credited to the Fund for that fiscal year.
United States · United States Congress · 15 April 2010
Restoring American Financial Stability Act of 2010 - Financial Stability Act of 2010 - Establishes the Financial Stability Oversight Council to: (1) identify risks to the financial stability of the United States; (2) promote market discipline; and (3) respond to emerging threats to the stability of the United States financial markets. Establishes within the Department of the Treasury: (1) the Office of Financial Research (Office) to support the Financial Stability Oversight Council; and (2) the Financial Research Fund to fund the Office. Grants the Board of Governors of the Federal Reserve System (Board) additional authority to require reports and conduct examinations of certain nonbank financial companies and bank holding companies. Revises supervision and prudential standards for nonbank financial companies supervised by the Board and for certain bank holding companies. Establishes in the U.S. Bankruptcy Court for the District of Delaware an Orderly Liquidation Authority Panel to authorize the Secretary of the Treasury (Secretary), under specified circumstances, to appoint the Federal Deposit Insurance Corporation (FDIC) as receiver of a financial company in default or in danger of default whose failure would have serious adverse effects on financial stability in the United States. Enhancing Financial Institution Safety and Soundness Act of 2010 - Transfers all functions of the Office of Thrift Supervision (OTS) and the OTS Director to the Board, to the Office of the Comptroller of the Currency, and to the FDIC. Abolishes OTS. Prohibits the issuance of charters for federal savings associations. Private Fund Investment Advisers Registration Act of 2010 - Amends the Investment Advisers Act of 1940 with respect to: (1) the regulation of advisers to hedge funds; (2) collection of systemic risk data; and (3) the asset threshold for federal registration of investment advisers. Office of National Insurance Act of 2010 - Establishes within the Department of the Treasury the Office of National Insurance to monitor all aspects of the insurance industry, including identification of issues or gaps in the regulation of insurers that could contribute to a systemic crisis in the insurance industry or the United States financial system. Nonadmitted and Reinsurance Reform Act of 2010 - Sets forth procedures for: (1) reporting, payment, and allocation of nonadmitted insurance premium taxes; and (2) regulation of credit for reinsurance and reinsurance agreements. Bank and Savings Association Holding Company and Depository Institution Regulatory Improvements Act of 2010 - Imposes a moratorium upon FDIC provision of federal deposit insurance for credit card banks, industrial loan companies, and certain other companies under the Bank Holding Company Act of 1956. Amends the Bank Holding Company Act of 1956 to revise requirements for reports, examinations, and regulation of functionally regulated subsidiaries, including concentration limits on large financial institutions. Over-the-Counter Derivatives Markets Act of 2010 - Amends the Commodity Exchange Act to: (1) extend joint rulemaking and regulatory authority of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to over-the-counter derivatives markets; and (2) require large swap trader reporting. Amends the Gramm-Leach-Bliley Act to repeal the prohibition against the regulation of security-based swaps. Amends the Securities Exchange Act of 1934 to set forth: (1) clearing requirements for security-based swaps; (2) registration and regulation procedures governing security-based swap dealers and major security-based swap participants; and (3) position limits and position accountability for security-based swaps. Directs the SEC, the CFTC, the Financial Stability Oversight Council, and the Treasury Department, individually and collectively, to consult and coordinate with foreign regulatory authorities on the establishment of consistent international standards with respect to the regulation of certain SWAPS. Payment, Clearing, and Settlement Supervision Act of 2010 - Directs the Financial Stability Oversight Council to designate those financial market utilities or payment, clearing, or settlement activities which it determines are, or are likely to become, systemically important. Sets forth procedures governing examination of and enforcement actions against financial institutions subject to standards for designated activities, including: (1) financial and operational risks such activities may pose to other financial institutions, critical markets, or the broader financial system; and (2) information to assess systemic importance of financial institutions engaged in payment, clearing, or settlement activities. Amends the Securities Exchange Act of 1934 to: (1) establish the Investor Advisory Committee and the Office of the Investor Advocate; (2) authorize the SEC to restrict mandatory predispute arbitration; (3) prescribe securities whistleblower incentives and protection; and (4) revise regulation, accountability, and transparency of nationally recognized statistical rating organizations (NRSROs). Amends the Securities Investor Protection Act of 1970 to increase the borrowing limit on Treasury loans. Amends the Securities Exchange Act of 1934 to: (1) direct the federal banking agencies and the SEC to prescribe joint regulations to require any securitizer to retain an economic interest in a portion of the credit risk for any asset that the securitizer, through the issuance of an asset-backed security, transfers, sells, or conveys to a third party; (2) require procedures for annual shareholder approval of executive compensation; and (3) require disclosures regarding employee and director hedging. Requires the SEC to report to certain congressional committees regarding: (1) its conduct of examinations of registered entities, enforcement investigations, and review of corporate financial securities filings; and (2) its oversight of national securities associations. Prescribes standards for: (1) corporate governance; and (2) regulation of municipal securities and changes to the Municipal Securities Rulemaking Board. Establishes in the SEC the Office of Municipal Securities. Amends the Sarbanes-Oxley Act of 2002 to authorize the Public Company Accounting Oversight Board to share certain information with foreign authorities. Amends the FDIA to direct the Inspector General of each federal banking agency to report to Congress semiannually on certain losses to the Deposit Insurance Fund. Instructs the Comptroller General to study and report to Congress on the risks and conflicts associated with proprietary trading by and within specified entities. Directs the Office of Financial Literacy of the Bureau to establish a program to make grants to states for enhanced protection of seniors from being misled by false designations. Consumer Financial Protection Act of 2010 - Establishes: (1) in the Federal Reserve System the Bureau of Consumer Financial Protection (Bureau) to regulate the offering and provision of consumer financial products or services under the federal consumer financial laws; (2) the Office of Fair Lending and Equal Opportunity; (3) the Office of Financial Literacy; and (4) the Consumer Advisory Board. Grants the Bureau supervisory powers and enforcement authority over certain large-sized insured depository institutions and insured credit unions. Excludes from Bureau oversight certain merchants, retailers and other sellers of nonfinancial goods or services. Grants the Bureau specific authorities, including prohibiting unfair, deceptive, or abusive acts or practices. Transfers to the Bureau specified consumer financial protection functions. Prescribes requirements for collection of deposit account data. Amends the Equal Credit Opportunity Act regarding small business loan data collection. Amends the Truth in Lending Act to prohibit certain prepayment penalties. Amends the Federal Reserve Act with respect to emergency lending authority. Authorizes the Comptroller General, under specified circumstances, to conduct reviews of the Federal Reserve Board, a federal reserve bank, or a credit facility. Improving Access to Mainstream Financial Institutions Act of 2010 - Authorizes the Secretary to establish a multiyear program of grants, cooperative agreements, financial agency agreements, and similar contracts or undertakings to promote initiatives to enable low- and moderate-income individuals to: (1) to establish one or more accounts in a federally insured depository institution that are appropriate to meet their financial needs; and (2) gain improved access to the provision of accounts on reasonable terms.
United States · United States Congress · 15 April 2010
Taxpayer Bill of Rights Act of 2010 - Amends the Internal Revenue Code to require the Secretary of the Treasury, in consultation with the National Taxpayer Advocate, to publish a summary statement of taxpayer rights and obligations. Authorizes the Secretary to make grants to develop, expand, or continue volunteer income tax assistance programs to assist low-income taxpayers. Increases the grant funding for low-income taxpayer clinics. Requires the Secretary to: (1) prescribe regulations for the regulation of tax return preparers; (2) require the annual registration of refund delivery product facilitators; and (3) furnish to the public the identity of any person who is an enrolled agent, attorney, or certified public accountant on file with the Internal Revenue Service (IRS), who is a tax return preparer, or who is registered as a refund delivery product facilitator. Applies the penalty for understatements of taxpayer liability by tax return preparers to tax submissions other than tax returns or claims for refunds. Requires the Secretary to make an individualized lien determination before filing a notice of lien and to consider specified factors in making such determination, including the amount due, the value of the taxpayer's equity in property, the taxpayer's compliance history, and extenuating circumstances, if any, that explain the tax delinquency. Prohibits persons licensed to practice before the Department of the Treasury from directly or indirectly offering or providing audit insurance. Authorizes the National Taxpayer Advocate to issue Taxpayer Advocate directives for granting relief to taxpayers. Expresses the sense of Congress that the IRS should take specified steps within two years to improve service to taxpayers. Authorizes the Secretary to award demonstration project grants to provide access to accounts at financial institutions for taxpayers who do not currently have such access. Requires studies to: (1) enable the IRS to receive and process information reporting documents before it processes tax returns; and (2) assess the effectiveness of collection alternatives, especially offers in compromise, on long-term tax compliance.
United States · United States Congress · 15 April 2010
Reinvesting in U.S. Territories, Not Corporations Act - Amends the Internal Revenue Code to reduce the amount of distilled spirits excise tax revenue returned (covered over) to the treasuries of Puerto Rico or the Virgin Islands by the amount of any unreasonable and excessive rum subsidy paid or incurred by either jurisdiction in an applicable calendar year. Defines "unreasonable and excessive rum subsidy" as the excess, if any, of the aggregate amount of direct and indirect government assistance paid to producers of distilled spirits in Puerto Rico or the Virginia Islands over 10% of the amounts covered over into the treasuries of such jurisdictions in a calendar year.
United States · United States Congress · 15 April 2010
Amends the Internal Revenue Code to allow a 30% energy tax credit for qualified energy efficiency property. Defines "qualified energy efficiency property" as property which: (1) is residential rental property, nonresidential real property, or mixed use real property; (2) is a qualified building as defined by this Act; and (3) achieves a specified energy savings. Amends the American Recovery and Reinvestment Act to allow grants for investment in qualified energy efficiency property in lieu of tax credits.
United States · United States Congress · 15 April 2010
Military Families Financial Preparedness Act - Requires the following information to be included as part of preseparation counseling provided to members of the Armed Forces and their spouses: (1) survivor benefits available through the Secretary of Defense (DOD) or Veterans Affairs (VA); (2) budgeting, saving, credit, loans, and taxes; (3) home loan services and housing assistance available through DOD or the VA and counseling on responsible borrowing practices; and (4) additional counseling regarding the member's actual entitlement to benefits and how to apply for such benefits.
United States · United States Congress · 15 April 2010
Security in Energy and Manufacturing Act of 2010 or the SEAM Act of 2010 - Amends the Internal Revenue Code to expand the qualifying advanced energy project credit by allocating in 2010 $5 billion of grants or tax credit amounts to manufacturers of goods and components (other than for assembly of components) in the United States that are used in alternative energy projects.
United States · United States Congress · 15 April 2010
Young Savers' Tax Credit Act of 2010 - Amends the Internal Revenue Code to allow a $500 annual tax credit for contributions to retirement plans by individuals who are age 30 or younger. Requires such contributions to equal at least 1% of such individuals' compensation.
United States · United States Congress · 15 April 2010
Prevent IRS Overreach Act of 2010 - Prohibits the Internal Revenue Service (IRS) from filling any position, by transfer or any other appointment taking effect on or after the enactment of this Act, if the duties and responsibilities of such position include the enforcement of any provision of, or amendment made by, the Patient Protection and Affordable Care Act (PPACA) or the Health Care and Education Reconciliation Act of 2010.
United States · United States Congress · 15 April 2010
Taxpayer Bill of Rights Act of 2010 - Amends the Internal Revenue Code to require the Secretary of the Treasury, in consultation with the National Taxpayer Advocate, to publish a summary statement of taxpayer rights and obligations. Authorizes the Secretary to make grants to develop, expand, or continue volunteer income tax assistance programs to assist low-income taxpayers. Increases the grant funding for low-income taxpayer clinics. Requires the Secretary to: (1) prescribe regulations for the regulation of tax return preparers; (2) require the annual registration of refund delivery product facilitators; and (3) furnish to the public the identity of any person who is an enrolled agent, attorney, or certified public accountant on file with the Internal Revenue Service (IRS), who is a tax return preparer, or who is registered as a refund delivery product facilitator. Applies the penalty for understatements of taxpayer liability by tax return preparers to tax submissions other than tax returns or claims for refunds. Requires the Secretary to make an individualized lien determination before filing a notice of lien and to consider specified factors in making such determination, including the amount due, the value of the taxpayer's equity in property, the taxpayer's compliance history, and extenuating circumstances, if any, that explain the tax delinquency. Prohibits persons licensed to practice before the Department of the Treasury from directly or indirectly offering or providing audit insurance. Authorizes the National Taxpayer Advocate to issue Taxpayer Advocate directives for granting relief to taxpayers. Expresses the sense of Congress that the IRS should take specified steps within two years to improve service to taxpayers. Authorizes the Secretary to award demonstration project grants to provide access to accounts at financial institutions for taxpayers who do not currently have such access. Requires studies to: (1) enable the IRS to receive and process information reporting documents before it processes tax returns; and (2) assess the effectiveness of collection alternatives, especially offers in compromise, on long-term tax compliance.