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Bill· SS. 2201 (112th)referred

American Energy and Job Promotion Act

United States · United States Congress · 15 March 2012

American Energy and Job Promotion Act - Amends the Internal Revenue Code to extend through 2014 the date by which specified alternative or renewable energy facilities (i.e., wind, biomass, geothermal or solar energy, landfill gas, trash, qualified hydropower, and marine and hydrokinetic renewable energy facilities) must be placed in service to qualify for the electricity production tax credit.

Bill· SS. 2200 (112th)referred

Saving the Family Farm Act of 2012

United States · United States Congress · 15 March 2012

Saving the Family Farm Act of 2012 - Amends the Internal Revenue Code to exclude from the gross estate of a decedent the adjusted value of any qualified family-owned farm or business (i.e., a qualified farmland or a qualified trade or business) included in the estate. Requires: (1) the decedent to have been a citizen or resident of the United States at the time of death, (2) the decedent and members of the decedent's family to have owned not less than 60% of such farm or business in any 5-year period during the 8-year period prior to the decedent's death, and (3) material participation in the operation of the farm or business by the decedent and members of the decedent's family. Defines "qualified farmland" as any real property located in the United States that is used as a farm for farming purposes. Defines "qualified trade or business" as any interest in a trade or business that is not an interest in a C corporation and that was acquired from or passed from the decedent to an heir. Imposes a recapture tax on an heir who disposes of any interest in a qualified family-owned farm or business or who ceases to use qualified farmland for farming purposes after inheriting such property.

Bill· SS. 2199 (112th)referred

Grow America Act of 2012

United States · United States Congress · 15 March 2012

Grow America Act of 2012 - Directs the House Ways and Means Committee and the Senate Committee on Finance to report tax reform legislation for individual and business taxpayers. Requires such legislation to lower the tax burden on individuals and businesses and to simplify the tax system. Amends the Internal Revenue Code to: (1) allow an inflation adjustment to the basis of assets held for more than three years for purposes of determining gain or loss on the sale or exchange of such assets by an individual taxpayer, (2) increase the dividends received deduction for corporations with foreign earnings, and (3) allow an estate tax exclusion of the value of certain family-owned farms or businesses. Prohibits a federal agency from taking any significant regulatory action until the unemployment rate is 7.7% or less. Provides that every exemption from, or special benefit under, any federal law or regulation which is available to any business with up to 200 employees shall be available to every comparable business with 200 or fewer employees. Revises provisions governing congressional review of agency rulemaking to require congressional approval of major rules before they may take effect (currently, major rules take effect unless Congress passes and the President signs a joint resolution disapproving them). Sets forth House and Senate procedures for joint resolutions approving major rules and disapproving non-major rules. Amends the Regulatory Flexibility Act to revise the regulatory process (rulemaking) with respect to small entities (i.e., small businesses, small organizations, and small governmental jurisdictions). Requires each federal agency to establish a plan for the periodic review (every eight years) of: (1) its rules that have a significant adverse economic impact on small entities, and (2) any small entity compliance guide required to be published by an agency. Sets forth criteria for review of a rule, which shall include the continued need for the rule, the complexity of the rule, and the impact of the rule on small entities. Terminates any rule that is determined to have a significant adverse economic effect on small entities if the issuing agency has failed to complete a required periodic review. Allows a small business concern operating in the United States to elect to be exempt from any federal rule or regulation issued on or after January 1, 2008, except a rule or regulation issued by the Department of Defense (DOD) or the Department of Homeland Security (DHS) that such Department's Secretary determines is necessary for national security. Establishes a deadline for action on certain permit applications under existing Outer Continental Shelf (OCS) leases. Amends the Gulf of Mexico Energy Security Act of 2006 to repeal the moratorium on oil and gas leasing in certain areas of the Gulf of Mexico. Directs the Secretary of the Interior to offer for leasing areas made available as a result of such repeal. Directs the Secretary to: (1) offer specified areas for oil and gas leasing under the 2007-2012 Lease Sale Schedules; (2) conduct OCS lease sales in the Atlantic, Pacific, Alaska, and Gulf of Mexico Planning Areas; (3) share OCS receipts derived from all leases with states and local governments; (4) implement a leasing program for certain land within the Arctic Coastal Plain; and (5) issue rights-of-way and easements across the Coastal Plain for oil and gas transportation. Authorizes the Secretary to designate certain Alaska Coastal Plain lands, including the Sadlerochit Spring area, as special areas requiring special management and regulatory protection. Revokes Secretarial Order No. 3310, dated December 22, 2010, relating to protecting wilderness characteristics on lands managed by the Bureau of Land Management (BLM). Amends the Consolidated Appropriations Act, 2008, to repeal the prohibition on the use of funds for either a commercial oil shale leasing program or for oil shale lease sales. Directs the Secretary to offer leases for oil shale resources. Confers exclusive jurisdiction upon the U.S. District Court for the District of Columbia for covered energy projects under this Act. Defines "covered energy project" as any action or decision by the President or a federal official regarding the leasing of federal lands for the exploration, development, production, processing, or transmission of oil, natural gas, or any other source or form of energy. Establishes the Office of the Federal Oil and Gas Permit Coordinator to coordinate the timely completion of all permitting activities by federal and state agencies. Amends the Clean Air Act to redefine "air pollutant" to exclude carbon dioxide, water vapor, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, or sulfur hexafluoride (greenhouse gases). Declares that nothing in specified statutes addressing pollution control shall be treated as authorizing or requiring the regulation of climate change or global warming. Amends the Energy Independence and Security Act of 2007 to repeal the prohibition against federal procurement of alternative or synthetic fuel. Requires the Administrator of the Environmental Protection Agency (EPA), upon request of the governor of a state or the governing body of an Indian tribe, to enter into a streamlined refinery permitting agreement. Sets forth deadlines for: (1) approval or disapproval of consolidated permits for construction of new, or expansion of existing, refineries; and (2) submission of existing refinery permit applications. Requires the EPA Administrator to conduct a research and demonstration program to evaluate the air quality benefits of ultra-clean Fischer-Tropsch transportation fuel, including diesel and jet fuel. Directs the Secretary of the Interior to extend by one year the term of any lease that was: (1) not producing as of April 30, 2010; or (2) suspended from operations, permit processing, or consideration in accordance with the moratorium set forth in a May 30, 2010, Minerals Management Service Notice or the Secretary's decision memorandum dated July 12, 2010. Authorizes TransCanada Keystone Pipeline, L.P. to construct, connect, operate, and maintain pipeline facilities for the import of crude oil and other hydrocarbons at the United States-Canada border at Phillips County, Montana, in accordance with a certain application filed with the Department of State on September 19, 2008. Declares that no permit pursuant to Executive Order 13337 or any other similar executive order regulating such activities at the U.S. border, and no additional environmental impact statement (EIS), shall be required for such Pipeline. Sets forth conditions governing construction, connection, operation, and maintenance of the cross-border facilities in connection with the Pipeline.

Bill· SS. 2198 (112th)referred

Commonsense Contractor Compensation Act of 2012

United States · United States Congress · 15 March 2012

Commonsense Contractor Compensation Act of 2012 - Limits the amount of compensation payable to employees of government contractors for a fiscal year to the annual amount paid to the President of the United States.

Bill· SS. 2195 (112th)referred

Congressional and Federal Employee Tax Accountability Act of 2012

United States · United States Congress · 15 March 2012

Congressional and Federal Employee Tax Accountability Act of 2012 - Amends the Ethics in Government Act of 1978 to require all individuals required to file annual financial disclosure reports under the Act to include in their reports the amount of any delinquent tax liability owed to the United States or any state or local government entity. Requires the appropriate supervising ethics office to open an inquiry immediately into the tax delinquency of that individual to determine: (1) his or her total delinquent tax liability and reason for such delinquency, (2) whether the individual has a plan to eliminate it, and (3) whether it has reflected poorly on Congress or the employing agency. Prohibits public disclosure of any such delinquent tax liability. Requires such individual to arrange with the relevant payroll office and the Internal Revenue Service (IRS) to have his or her salary reduced by an amount appropriate to pay the taxes owed to the United States within a reasonable time period.

Bill· SS. 2194 (112th)referred

American Dream Accounts Act of 2012

United States · United States Congress · 15 March 2012

American Dream Accounts Act of 2012 - Authorizes the Secretary of Education to award competitive grants to eligible entities so each can establish and administer American Dream Accounts for a group of at least 30 low-income public school students who, at the time the entities apply for a grant, are attending a grade no higher than ninth grade. Lists as eligible entities: (1) state educational agencies, (2) local educational agencies, (3) charter schools, (4) institutions of higher education (IHEs), (5) nonprofit organizations, (6) entities experienced in educational savings or assisting low-income students attain higher education, and (7) consortia of two or more of these entities. Describes an American Dream Account as a personal online account for low-income students that monitors their progress toward higher education and includes a college savings account that provides some tax-preferred accumulation. Requires American Dream Accounts to provide students with opportunities, either online or in person, to: (1) attain financial literacy; (2) learn about preparing for enrollment in an IHE; and (3) identify their skills or interests, including career interests. Requires grantees, subject to federal privacy laws and regulations, to allow vested stakeholders to have secure Internet access to an American Dream Account, but not the college savings account portion of that Account. Prohibits grantees from using their grant to provide the initial deposit into the college savings account portion of a student's American Dream Account. Prohibits the funds in those college savings accounts from being considered in making federal student financial aid determinations.

Bill· HRH.R. 4196 (112th)referred

To amend the Internal Revenue Code of 1986 to extend the allowance for bonus depreciation for certain business assets.

United States · United States Congress · 13 March 2012

Amends the Internal Revenue Code to: (1) extend for one year the 100% bonus depreciation allowance for business assets, and (2) increase the amount of alternative minimum tax (AMT) credits that corporate taxpayers may elect to accelerate in a taxable year in lieu of claiming bonus depreciation.

Bill· SS. 2180 (112th)referred

Tax Credit for Early Educators Act of 2012

United States · United States Congress · 8 March 2012

Tax Credit for Early Educators Act of 2012 - Amends the Internal Revenue Code to: (1) allow an individual taxpayer who is employed in a position involving regular contact with students in an early childhood school or education program and whose position involves the formulation or implementation of educational programs for such school or program a $3,000 tax credit, adjusted for inflation after 2012; (2) extend until 2017 the tax deduction for certain expenses of eligible educators (currently, elementary and secondary school teachers) and expand the definition of "eligible educators" to include teachers, instructors, counselors, or aides in a preschool or early childhood program; and (3) eliminate the income-based reduction in the tax credit for employer-provided dependent care services (thus allowing a full 35% credit for employment-related expenses incurred for the care of a dependent).  

Bill· SS. 2175 (112th)referred

Due Process and Military Detention Amendments Act of 2012

United States · United States Congress · 8 March 2012

Due Process and Military Detention Amendments Act of 2012 - Amends the National Defense Authorization Act for Fiscal Year 2012 to provide that, in the case of a person detained in the United States pursuant to the Authorization for Use of Military Force, disposition under the law of war shall only mean transfer for trial and proceedings by a court established under article III of the Constitution. Requires such trial and proceedings to have all due process provided under the Constitution. Repeals the requirement of detention in military custody pending disposition under the law of war for individuals determined to be a member or part of al Qaeda or an associated force who has participated in planning or carrying out an attack or attempted attack against the United States or its coalition partners.

Bill· HRH.R. 4180 (112th)open

Sound Dollar Act of 2012

United States · United States Congress · 8 March 2012

Sound Dollar Act of 2012 - Amends the Federal Reserve Act (FRA) to direct the Board of Governors of the Federal Reserve System (Board) and the Federal Open Market Committee (FOMC) to: (1) promote the goal of long-term price stability, and (2) establish metrics to evaluate whether long-term price stability is being achieved. Prescribes procedures for the establishment and evaluation of such metrics. Directs the Board and the FOMC to: (1) make such information available to the public on a website, and (2) report to Congress each time such metrics are set or revised. Directs the Board to include in its semiannual report to Congress: (1) the results of the evaluation process, (2) whether the goal of long-term price stability is being met, (3) the main monetary policy instruments and strategy used by the Board and the FOMC to achieve long-term price stability, and (4) an analysis of how the policies of the Board and the FOMC are affecting the foreign exchange rate value of the U.S. dollar. Directs the Board to clearly articulate its lender-of-last-resort policy. Revamps FOMC membership to consist of one representative from each of the Federal Reserve banks (in addition to members of the Board). Directs the FOMC to release meeting transcripts to the public within three years after each meeting. Redesignates the Department of the Treasury stabilization fund as the Special Drawing Rights Fund. Instructs the Secretary of the Treasury to liquidate all property in the Fund (other than Special Drawing Rights) and to use all such amounts to reduce the public debt. Limits the availability of the Fund solely to stabilize exchange rates and arrangements. Repeals the authority of the Secretary to deal in U.S. instruments of credit and securities. Permits only Special Drawing Rights to be deposited into the Fund. Requires funds that would otherwise have been deposited into the Fund to be paid, instead, to the Secretary to reduce the public debt. Amends the FRA to authorize the FOMC, in unusual and exigent circumstances, by the affirmative vote of two-thirds of its members, to grant any Federal Reserve bank emergency authority to buy and sell U.S. debt obligations and revenue bonds in anticipation of the collection of taxes or the receipt of assured revenues by any state or local governmental entity, as well as obligations of, or guaranteed by, a foreign government or agency. Amends the Consumer Financial Protection Act of 2010 to repeal: (1) funding for the Consumer Financial Protection Bureau (CFPB), and (2) the Bureau of Consumer Financial Protection Fund.

Bill· HRH.R. 4171 (112th)open

Freedom from Over-Criminalization and Unjust Seizures Act of 2012

United States · United States Congress · 8 March 2012

Freedom from Over-Criminalization and Unjust Seizures Act of 2012 - Amends the Lacey Act Amendments of 1981 to repeal the prohibition on importing, exporting, transporting, selling, receiving, acquiring, or purchasing in interstate or foreign commerce: (1) fish or wildlife taken, possessed, transported, or sold in violation of foreign law; or (2) plants taken, possessed, transported, or sold in violation of foreign law, without the payment of appropriate royalties, taxes, or stumpage fees required by foreign law, or in violation of any limitation under foreign law that governs the export or transshipment of plants. Repeals the prohibition on possessing such fish, wildlife, or plants within the special maritime and territorial jurisdiction of the United States. Establishes a $200,000 maximum limit on a civil penalty for a knowing violation of such Act that involves fish, wildlife, or plants with a market value of $350 or more. Repeals: (1) criminal penalties under such Act, and (2) the authorization to suspend, modify, or cancel specified licenses or permits issued to any person who is convicted of a criminal violation of such Act.

Bill· HRH.R. 4179 (112th)referred

Iran Financial Sanctions Improvement Act of 2012

United States · United States Congress · 8 March 2012

Iran Financial Sanctions Improvement Act of 2012 - Directs the Comptroller General to submit to Congress a list of all known entities that provide services to, or facilitate service access for, the Central Bank of Iran or any Iranian financial institution. Directs the Secretary of the Treasury to report to Congress on efforts to ensure that the Society for Worldwide Interbank Financial Telecommunication (SWIFT), Clearstream, and other similar entities have terminated the provision of services to, and the facilitation of service access for, the Central Bank of Iran and other Iranian financial institutions. Authorizes the President to impose specified sanctions on an entity that has not terminated any such relationship. Amends the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to require each foreign financial institution that maintains a U.S. correspondent account or a payable-through account to report to the Secretary of the Treasury regarding any financial dealings with an Iranian financial institution during the preceding 180 days. Directs the Secretary to make such reports public. Amends the National Defense Authorization Act for Fiscal Year 2012 to include as a sanctionable activity the maintenance of funds or accounts for, or on behalf of, the Central Bank of Iran or another Iranian financial institution. Applies specified sanctions with respect to a foreign financial institution owned or controlled by the government of a foreign country (including a central bank of a foreign country) to the same extent and in the same manner as such sanctions apply to other foreign financial institutions. Directs the President to impose specified sanctions against a person that knowingly provided underwriting services or reinsurance: (1) for any activity regarding Iran for which sanctions have been imposed, or (2) to or for any person on which sanctions have been imposed for engaging in an activity with respect to Iran or any person designated for the imposition of sanctions in connection with Iran's proliferation of weapons of mass destruction or support for international terrorism. Includes among such sanctions export and procurement sanctions, and visa, property, banking, loan, and foreign exchange prohibitions.

Bill· HRH.R. 4178 (112th)referred

Maintaining the President's Commitment to Our Nuclear Deterrent and National Security Act of 2012

United States · United States Congress · 8 March 2012

Maintaining the President's Commitment to Our Nuclear Deterrent and National Security Act of 2012 - Expresses the sense of Congress that the United States is committed to: (1) ensuring the safety, security, reliability, and credibility of its nuclear forces; (2) proceeding with a robust stockpile stewardship program and maintaining and modernizing nuclear weapons production capabilities and capacities; (3) reinvigorating and sustaining its nuclear security laboratories and preserving their core nuclear weapons competencies; and (4) providing the resources needed to achieve these objectives. Amends the National Defense Authorization Act for Fiscal Year 2012 to direct the President, upon determining that an appropriations Act fails to meet the resource levels needed to carry out the President's 10-year nuclear resources modernization plan, to submit to Congress a plan to remedy the shortfall, together with related information. Prohibits any reduction in the number of deployed nuclear warheads until 120 days after the President certifies that the identified shortfall has been addressed. Provides warhead reduction exceptions. Prohibits, during FY2012-FY2021, any funds appropriated to the Department of Defense (DOD) from being used to carry out decisions made pursuant to the 2010 Nuclear Posture Review Implementation Study until the President certifies, among other things, inclusion in that year's budget of necessary resources to carry out such implementation, and that the resources have been provided in an appropriations Act. Directs the President to annually certify to Congress whether plans to modernize or replace strategic delivery systems are fully resourced and being executed at planned levels. Requires the President, during any year in which the President recommends to reduce by more than 1% the number of nuclear weapons in the active and inactive U.S. stockpiles, to certify to Congress whether such reduction will cause the number of such weapons to be fewer than the number of such weapons in the active and inactive stockpiles of the Russian Federation. Prohibits, for FY2012 and thereafter, DOD or National Nuclear Security Administration (NNSA) funds from being used to carry out any reductions in nuclear forces unless the President includes in a report covering each country with nuclear weapons consideration of the expansion of the nuclear forces of any such country. Requires the President, beginning with FY2013, to annually certify whether: (1) construction of both the Chemistry and Metallurgy Research Replacement building and the Uranium Processing Facility with be completed by no later than 2021, and (2) both facilities will be fully operational by no later than 2024. Prohibits the use of DOD or NNSA funds for FY2012 or thereafter to reduce to only one the number of nuclear warheads contained on an intercontinental ballistic missile (ICBM) unless the President certifies that the Russian Federation and China are both carrying out a similar reduction. Provides an exception. Expresses U.S. policy on the reduction of Russian nonstrategic nuclear weapons and the U.S. extended deterrence commitment to Europe. Provides a limitation, for FY2012 and thereafter, on the reduction, consolidation, or withdrawal of U.S. nuclear forces based in Europe.

Bill· HRH.R. 4192 (112th)referred

Due Process and Military Detention Amendments Act

United States · United States Congress · 8 March 2012

Due Process and Military Detention Amendments Act - Amends the National Defense Authorization Act for Fiscal Year 2012 to provide that, in the case of a person detained in the United States pursuant to the Authorization for Use of Military Force, disposition under the law of war shall only mean transfer for trial and proceedings by a court established under article III of the Constitution. Requires such trial and proceedings to have all due process provided under the Constitution. Repeals the requirement of detention in military custody pending disposition under the law of war for individuals determined to be a member or part of al Qaeda or an associated force who has participated in planning or carrying out an attack or attempted attack against the United States or its coalition partners.

Bill· HRH.R. 4167 (112th)referred

Tax Credits for Jobs Now Act of 2012

United States · United States Congress · 8 March 2012

Tax Credits for Jobs Now Act of 2012 - Amends the Internal Revenue Code to allow employers a refundable tax credit for: (1) 60% of the excess of the aggregate wages paid to employees during 2012 over the aggregate wages paid during 2011, and (2) 40% of the excess of such wages paid during 2013 over the aggregate inflation-adjusted wages paid during 2012. Limits the maximum amount of such credit to $500,000 in any calendar year.

Bill· SS. 2171 (112th)referred

Export Promotion Act of 2012

United States · United States Congress · 7 March 2012

Export Promotion Act of 2012 - Amends the Export Enhancement Act of 1988 to revise the duties of the Trade Promotion Coordinating Committee (TPCC). Requires the TPCC to: (1) make a recommendation for the annual unified federal trade promotion budget to the President; and (2) review the proposed fiscal year budget of each federal agency with responsibility for export promotion or export financing activities before it is submitted to the Office of Management and Budget (OMB) and the President, when (as required by current law) assessing the appropriate levels and allocation of resources among such agencies in support of such activities. Requires the governmentwide strategic plan for federal trade promotion efforts, in conducting the review of current federal programs designed to promote the sale of U.S. exports and developing a plan to bring such activities into line with specified priorities, to be based on consultations with, and recommendations from, a representative number of U.S. exporters and other types of export-related businesses. Requires such plan, furthermore, to: (1) identify countries with which the United States could negotiate trade agreements to increase U.S. exports; (2) identify areas in which the TPCC can maximize existing partnerships with agencies by granting the TPCC the ability to partner with a partner of a TPCC member agency without requiring an additional memorandum of understanding between the TPCC and that partner; (3) review and propose means to improve educational outreach to small- and medium-sized businesses with respect to the resources available through the TPCC and its member agencies, including consulting with, and considering recommendations from, U.S. exporters and the Small Business Administration (SBA); and (4) clearly describe the role of each TPCC member agency and its responsibility for export promotion and export financing. Requires the TPCC to coordinate with TPCC member agencies to publish export promotion and export financing information on the Export.gov website. Directs the President to issue an executive order and necessary regulations to provide the TPCC chairperson with the authority to ensure that the TPCC carries out each of its duties and develops and implements the strategic plan. Requires the Secretary of Commerce to: (1) conduct at least once every five years a global assessment of overseas markets to identify those with the greatest potential for increasing U.S. exports, and (2) redeploy U.S. and Foreign Commercial Service personnel and other resources on the basis of that assessment. Amends the Foreign Service Act of 1980 to require each chief of mission to a foreign country to develop an approved plan for effective diplomacy to remove or reduce obstacles to exports of U.S. goods and services.

Bill· SS. 2161 (112th)referred

A bill to amend the Internal Revenue Code of 1986 to extend and modify the credit for certain plug-in vehicles.

United States · United States Congress · 6 March 2012

Amends the Internal Revenue Code, with respect to the tax credit for the purchase of a qualified plug-in electric vehicle, to: (1) extend such credit through 2016, (2) increase the per vehicle credit amount based upon battery capacity, and (3) allow such credit for vehicles with alternative electrical energy storage devices.

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