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Law· HRH.R. 2606 (115th)enacted
United States · United States Congress · 23 May 2017
Stigler Act Amendments of 2017 This bill amends the Act of August 4, 1947 (commonly known as the Stigler Act) to revise the qualifications that must be met by a person who inherits land originally allotted to members of the Five Civilized Tribes of Oklahoma (the Choctaw, Chickasaw, Creek, Cherokee, and Seminole tribes) for that land to remain in restricted status. When land is in restricted status, it is not subject to taxation and may not be sold or transferred without permission of the Department of the Interior. Under current law, the restricted fee status of land allotted to the Five Tribes is maintained only if the individual holding title has at least 50% Indian blood from one of the Five Tribes. This bill removes this requirement. Thus, the restricted fee status is maintained for all lineal descendants of an original enrollee whose name appears on the membership rolls of the Five Tribes.
Bill· HRH.R. 2608 (115th)referred
United States · United States Congress · 23 May 2017
Fair Allocation of Highway Funds Act of 2017 This bill revises the methodology for apportioning federal highway funds among states for each of FY2018-FY2020. Specifically, the bill adjusts each state's apportionment based not only on certain tax payments attributable to highway users in the state, but also on other federal taxes collected in the state relative to such taxes collected in all states. The bill also caps the apportionment that each state may receive.
Bill· HRH.R. 2591 (115th)referred
United States · United States Congress · 22 May 2017
Modernizing the Pittman-Robertson Fund for Tomorrow's Needs Act of 2017 This bill amends the Pittman-Robertson Wildlife Restoration Act to make it one of the purposes of the Act to provide financial and technical assistance to the states for the promotion of hunting and recreational shooting. The bill also prescribes a formula for the allocation of funds apportioned to a state that may be used for any activity or project to recruit or retain hunters and recreational shooters. In addition to other uses authorized under this bill, amounts apportioned to the states from any taxes on pistols, revolvers, bows, and arrows may be used for hunter recruitment and recreational shooter recruitment. The funds apportioned to a state for wildlife restoration management may be used for related public relations. If a state has not used all of the tax revenues apportioned to it for firearm and bow hunter education and safety program grants, it may use its remaining apportioned funds for the enhancement of hunter recruitment and recreational shooter recruitment. Up to $5 million of the revenues covered into the wildlife restoration fund in the Treasury from any tax imposed for a fiscal year on the sale of certain bows, arrows, and archery equipment shall be available to the Department of the Interior exclusively for making hunter recruitment and recreational shooter recruitment grants that promote a national hunting and shooting sport recruitment program, including related communication and outreach activities.
Bill· HRH.R. 2584 (115th)open
United States · United States Congress · 22 May 2017
National Park Service Legacy Act of 2017 This bill: (1) establishes the National Park Service Legacy Restoration Fund, and (2) requires specified amounts of federal mineral revenues that are not otherwise credited, covered, or deposited pursuant to federal law to be deposited into such fund each fiscal year through FY2047. Amounts in the fund shall be used for meeting high-priority deferred maintenance needs of the National Park Service (NPS) as follows: 20% shall be allocated to transportation-related projects that may be eligible for funding made available to the NPS through the federal lands transportation program or any similar federal land highway program administered by the Department of Transportation; and 80% shall be allocated for the repair and rehabilitation of assets for certain projects that are not eligible for funding under such programs, including historic assets, nonhistoric assets related to visitor access, health and safety, and recreation, and visitor facilities, water and utility systems, and employee housing. No fund amounts may be used by the NPS to acquire land or to supplant discretionary funding made available for annually recurring facility operations and maintenance needs. As part of its annual budget submission, the NPS shall submit a prioritized list of deferred maintenance projects proposed to be funded by such fund during the fiscal year.
Bill· HRH.R. 2581 (115th)referred
United States · United States Congress · 22 May 2017
Verify First Act This bill amends the Internal Revenue Code to prohibit advance payments of the premium assistance tax credit from being made to an individual unless the Department of the Treasury has received confirmation from the Department of Health and Human Services that the Social Security Administration or the Department of Homeland Security has verified the individual's status as a citizen or national of the United States or an alien lawfully present in the United States. The verification process must include the appropriate use of information related to citizenship or immigration status, such as Social Security numbers (but not individual taxpayer identification numbers). The bill also amends the Public Health Service Act and the Patient Protection and Affordable Care Act to permit adjustments to certain health insurance coverage dates for an individual whose eligibility for advance payments is delayed due to the verification requirements. The bill is contingent on the enactment of the American Health Care Act of 2017 (AHCA). If the AHCA is enacted, the bill applies to: (1) the existing tax credit after December 31, 2017; and (2) the tax credit, as modified by the AHCA, after December 31, 2019.
Bill· SS. 1193 (115th)referred
United States · United States Congress · 22 May 2017
Better Education and Skills Training for America's Workforce Act This bill amends the Internal Revenue Code to allow tax credits for: (1) qualified training expenses paid with respect to U.S.-based positions for job trainees who have been unemployed for at least 90 days before enrolling in a training program and have not been employed by the taxpayer during the two-year period before the trainee was hired, and (2) investment in a qualified job training partnership between a private business and an institution of higher education or a labor organization. The bill defines "qualified training expenses" as an eligible trainee's qualified tuition costs, which may include costs for books and enrollment in a training program at an institution of higher education that may include a single course, multiple courses, or a combination of work training and study and that is reasonably necessary for employment with the taxpayer. It terminates the credit for qualified training expenses of job trainees after December 31, 2028. The bill also: (1) requires the Department of the Treasury to establish a Qualified Job Training Partnership program to consider and award certifications for qualified investments eligible for credits to qualified job training partnerships, and (2) authorizes Treasury to make grants to individuals who make an investment in a qualified job training partnership, in lieu of a tax credit.
Bill· SS. 1190 (115th)referred
United States · United States Congress · 22 May 2017
This bill amends the Protecting Americans from Tax Hikes Act of 2015 to extend the waiver of limitations on credits or refunds related to the exclusion from gross income of certain civil damages, restitution, or other monetary awards received by wrongfully incarcerated individuals.
Report· HearingH.Hrg.115published
United States · United States House of Representatives · 19 May 2017
Bill· HRH.R. 2579 (115th)open
United States · United States Congress · 19 May 2017
This bill amends the Internal Revenue Code to allow the premium assistance tax credit to be used for unsubsidized COBRA continuation health coverage. (Under the Consolidated Omnibus Budget Reconciliation Act of 1985 [COBRA], an individual may continue to receive coverage under an employer-sponsored health plan after an event that would otherwise end coverage, such as a termination of employment. This bill applies to COBRA continuation coverage if the premiums are solely the obligation of the taxpayer.) "COBRA continuation coverage" includes continuation coverage provided under: the Internal Revenue Code, the Employee Retirement Income Security Act of 1974 (ERISA), the Public Health Service Act, or the Federal Employees Health Benefits Program; a state law or program that provides comparable coverage; or a church plan that provides comparable coverage. It does not include coverage under a health flexible spending arrangement. For the coverage to qualify for the tax credit, the plan administrator of the group health plan must certify that the COBRA continuation coverage meets the requirements for qualified health plans. The bill is contingent on the enactment of the American Health Care Act of 2017 and applies (if at all) after December 31, 2019.
Bill· HRH.R. 2580 (115th)referred
United States · United States Congress · 19 May 2017
Earnings Contingent Education Loans Act of 2017 or the ExCEL Act of 2017 This bill amends the Higher Education Act of 1965 to replace several existing federal student loan programs with a single repayment plan that caps annual debt repayments based on the borrower's income. The bill terminates the authority of the Department of Education (ED) to make federal Direct Stafford Loans, Direct Unsubsidized Stafford Loans, and Direct PLUS loans, subject to exceptions for existing student borrowers, PLUS loans made to parents of undergraduates, and Direct Consolidation Loans. To replace the programs, the bill establishes the Income Dependent Education Assistance (IDEA) Loan Program and the IDEA Loan Repayment Program, which limit annual repayments based on the borrower's income and prohibit the accrual of interest on loans for active duty service members. Loans under the program are not eligible for the federal public service loan forgiveness program. ED must provide through the Internet a tool to enable borrowers to make payments and access specified details regarding loans. The bill amends the Social Security Act (SSAct) to provide ED with access to information in the National Directory of New Hires to identify when borrowers are hired and remind them of their repayment status and obligation to provide accurate employment information. The bill amends the Internal Revenue Code to require: (1) reporting on W-2 forms the total amount deducted and withheld under the IDEA Loan Repayment Program, and (2) the Department of the Treasury to disclose to ED tax return information necessary to carry out the IDEA Loan Repayment Program.
Bill· HRH.R. 2576 (115th)referred
United States · United States Congress · 19 May 2017
Incentivize Growth Now In Tomorrow's Entrepreneurs Act of 201 7 This bill amends the Internal Revenue Code to create tax-exempt small business start-up savings accounts to pay for the start-up expenses of a business that does not employ more than 50 full-time employees during a taxable year. Cash contributions to such accounts are allowed up to the lesser of $10,000 or the amount of compensation includible in the taxpayer's gross income for the taxable year. (Start-up expenditures are paid or incurred in connection with: (1) investigating the creation or acquisition of an active trade or business; (2) creating an active trade or business; or (3) any activity engaged in for profit and for the production of income before the day on which the active trade or business begins, in anticipation of the activity becoming an active trade or business.)
Bill· HRH.R. 2559 (115th)referred
United States · United States Congress · 19 May 2017
Bike to Work Act of 201 7 This bill amends the Internal Revenue Code to include a bicycle sharing system as a mass transit facility for purposes of the tax exclusion of employer-paid commuting expenses. The bill defines "bicycle sharing system" as a public transportation system: (1) consisting of a network of stations at which bicycles are made available to customers for commuting and short-term, point-to-point use within the network's service area; and (2) that is operated or authorized by a government agency or public-private partnership.
Bill· HRH.R. 2552 (115th)referred
United States · United States Congress · 19 May 2017
Senior Citizens Tax Elimination Act This bill amends the Internal Revenue Code to repeal the inclusion of any Social Security or tier I railroad retirement benefits in gross income for income tax purposes. The bill also: (1) appropriates funds to cover reductions in transfers to the Social Security and Railroad Retirement Trust Funds resulting from the enactment of this bill, and (2) expresses the sense of Congress against using tax increases to provide revenue necessary to carry out this bill.
Bill· HRH.R. 2551 (115th)referred
United States · United States Congress · 19 May 2017
Student Loan Debt Relief Act This bill amends the Internal Revenue Code, with respect to the tax treatment of student loan payments, to: (1) expand the tax exclusion for employer-provided educational assistance programs to include an employer's payment of any qualified education loan incurred by an employee; (2) increase the maximum amount that may be excluded from the gross income of an employee under employer-provided educational assistance programs; and (3) increase the maximum deduction and the income limitation for the deduction for interest on education loans.
Report· HearingH.Hrg.115published
United States · United States House of Representatives · 18 May 2017
Bill· HRH.R. 2518 (115th)open
United States · United States Congress · 18 May 2017
Coast Guard Authorization Act of 2017 This bill authorizes: (1) appropriations for the Coast Guard for FY2018-FY2019, and (2) a specified level of end-of-year strength for active duty personnel and military training student loads for such fiscal years. The bill addresses: (1) training for public safety personnel, (2) service member benefits for Coast Guard personnel, (3) unmanned aircraft systems, and (4) ports and waterways safety. The bill revises or sets forth policies relating to the Coast Guard, including Coast Guard health care professionals; incentive contracts for Coast Guard Yard or Coast Guard industrial establishments; contracting for major acquisition programs; National Security Cutters; vessel operations; numbering for undocumented barges; drawbridges; the alternate safety compliance program; visual distress signals; vessel certification; the land-based enhanced LORAN, positioning, navigation, and timing system; the installation and use of engine cut-off switches on recreational vessels; commercial fishing vessel classification requirements; aids to navigation; maritime domain awareness technologies; and towing vessel inspections.
Bill· HRH.R. 2529 (115th)referred
United States · United States Congress · 18 May 2017
National Intersection and Interchange Safety Construction Program Act of 2017 This bill directs the Department of Transportation (DOT) to establish a national intersection and interchange safety construction grant program. DOT may make competitive grants to a state or local government, U.S. territory, tribal government, or metropolitan planning organization for projects that: are eligible for federal-aid highway funding, and will improve the safety of intersections or interchanges on the National Highway System that are used by an average of 50,000 vehicles a day and that are in immediate need of safety improvement. The aggregate grant amount provided to an entity in a fiscal year shall not exceed 5% of the amount available for all grants under the program in that fiscal year.
Bill· HRH.R. 2543 (115th)referred
United States · United States Congress · 18 May 2017
Mortgage Forgiveness Tax Relief Act of 201 7 This bill amends the Internal Revenue Code to extend through 2018 the exclusion from gross income of income attributable to the discharge of indebtedness on a principal residence.
Bill· HRH.R. 2534 (115th)referred
United States · United States Congress · 18 May 2017
Rebuilding American Manufacturing Act of 201 7 This bill amends the Internal Revenue Code to allow taxpayers engaged in domestic manufacturing in the United States a tax deduction equal to 50.5% (43% for C corporations) of the lesser of their domestic manufacturing income or their taxable income for the taxable year (thus effectively reducing their income tax rate to approximately 20%). The bill limits the amount of such deduction to 25% of such taxpayer's qualifying domestic investment (defined as the sum of the taxpayer's W-2 wages and certain allowable tax deductions, excluding any amounts not properly allocable to the taxpayer's domestic manufacturing gross receipts).
Bill· HRH.R. 2533 (115th)referred
United States · United States Congress · 18 May 2017
Working Parents Flexibility Act of 201 7 This bill amends the Internal Revenue Code to establish a tax-exempt parental leave savings account for the care of a child, to which an individual taxpayer who has earned income from employment during the past 12 months may make tax deductible cash contributions of up to $6,750 in a taxable year and not more than an aggregate of $24,000 for all taxable years. Taxpayers whose adjusted gross income exceeds $250,000 in a taxable year are ineligible for such a tax deduction. The bill excludes from gross income: (1) distributions from a parental leave savings account that are made not later than one year after the birth or adoption of a child of an account holder, and (2) contributions made by an employer to the parental leave savings account of an employee.
Bill· HRH.R. 2530 (115th)referred
United States · United States Congress · 18 May 2017
Earned Income Tax Credit Equity for Puerto Rico Act of 201 7 This bill amends the Internal Revenue Code to make citizens of Puerto Rico eligible for the federal earned income tax credit.
Bill· HRH.R. 2516 (115th)referred
United States · United States Congress · 18 May 2017
Freedom from the ACA Tax Penalty Act This bill amends the Internal Revenue Code to exempt from the requirement to maintain minimum essential health coverage (commonly referred to as the individual mandate) individuals who reside in a rating area in which the Department of Health and Human Services certifies that no qualified health plans are offered through an exchange established under the Patient Protection and Affordable Care Act.
Bill· SS. 1184 (115th)referred
United States · United States Congress · 18 May 2017
Conflicts from Political Fundraising Act of 2017 This bill amends the Ethics in Government Act of 1978 to revise financial disclosure requirements for federal personnel, including: (1) the disclosure of contributions made or solicited by, or on behalf of, individuals nominated or appointed to high level executive positions or to positions of a confidential or policymaking character to political organizations or tax exempt social welfare or business organizations; and (2) the disclosure of certain gifts to appointees, their spouses, or dependent children. The Office of Government Ethics shall, upon request, provide to the Chairman or Ranking Member of a House or Senate committee or subcommittee with jurisdiction over the agency to which an individual has been nominated for appointment to a covered position (certain Executive Schedule or Senior Executive Service positions) or is serving in a covered position, each financial disclosure report filed by such individual and any ethics agreement entered into between the agency and the individual. The office shall issue rules on how an executive branch agency shall address conflicts of interest identified in disclosures through ethics agreements between the agency and its appointees.
Bill· SS. 1174 (115th)referred
United States · United States Congress · 18 May 2017
Artist-Museum Partnership Act of 201 7 This bill amends the Internal Revenue Code to allow taxpayers who create literary, musical, artistic, scholarly compositions, or similar property a fair market value (determined at the time of contribution) tax deduction for contributions of such properties, the copyrights thereon, or both, to certain tax-exempt organizations, if such properties are properly appraised and are donated no less than 18 months after their creation. The bill limits the amount of the deduction based upon the donor's artistic adjusted gross income, as defined by this bill.
Report· HearingH.Hrg.115published
United States · United States House of Representatives · 17 May 2017
Report· HearingS.Hrg.115-448 Part 7published
United States · United States Senate · 17 May 2017
Bill· HRH.R. 2505 (115th)referred
United States · United States Congress · 17 May 2017
Credit for Caring Act of 201 7 This bill amends the Internal Revenue Code to allow an eligible caregiver a new tax credit for 30% of the cost of long-term care expenses that exceed $2,000, up to $3,000 in a taxable year. The bill defines "eligible caregiver" as an individual who has earned income for the taxable year in excess of $7,500 and pays or incurs expenses for providing care to a spouse or other dependent relative with long-term care needs.
Bill· HRH.R. 2502 (115th)referred
United States · United States Congress · 17 May 2017
Don't Tax Our Fallen Public Safety Heroes Update Act of 2017 This bill amends the Internal Revenue Code to modify the tax exclusion for compensation paid to surviving dependents of a public safety officer who died as the direct and proximate result of a personal injury sustained in the line of duty. The bill extends the exclusion to compensation received under a program established under the laws of any local government (currently, only state programs). This modification must take effect as if it were included in the enactment of the law that created the original tax exclusion (the Don't Tax Our Fallen Public Safety Heroes Act).
Bill· HRH.R. 2493 (115th)referred
United States · United States Congress · 17 May 2017
Conflicts from Political Fundraising Act of 2017 This bill amends the Ethics in Government Act of 1978 to revise financial disclosure requirements for federal personnel, including: (1) the disclosure of contributions made or solicited by, or on behalf of, individuals nominated or appointed to high level executive positions or to positions of a confidential or policymaking character to political action committees and tax-exempt social welfare or business organizations; and (2) the disclosure of certain gifts to appointees, their spouses, or dependent children. The Office of Government Ethics shall, upon request, provide to the Chairman or Ranking Member of a House or Senate committee or subcommittee with jurisdiction over the agency to which an individual has been nominated or appointed to a covered position (certain Executive Schedule or Senior Executive Service positions) or is serving in a covered position, each financial disclosure report filed by such individual and any ethics agreement entered into between the agency and the individual. The office shall issue rules on how an executive branch agency shall address conflicts of interest identified in disclosures through ethics agreements between the agency and its appointees.
Bill· HRH.R. 2477 (115th)referred
United States · United States Congress · 17 May 2017
Bank on Students Emergency Loan Refinancing Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to establish a program that allows eligible students with loans under the Federal Direct Loan program (a Federal Direct Stafford Loan, a Federal Direct Unsubsidized Stafford Loan, a Federal Direct PLUS Loan, or a Federal Direct Consolidation Loan) to refinance their loans down to the lower rates offered to new federal borrowers in the 2016-2017 school year under certain circumstances. In addition, the bill allows student borrowers to refinance their private loans into the Federal Direct Loan program. This bill amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax).
Bill· HRH.R. 2476 (115th)referred
United States · United States Congress · 17 May 2017
Adoption Tax Credit Refundability Act of 201 7 This bill amends the Internal Revenue Code to make the tax credit for adoption expenses refundable.
Bill· HRH.R. 2475 (115th)referred
United States · United States Congress · 17 May 2017
Rebuild America's Schools Act of 2017 This bill establishes a Department of Education grant program and a tax credit bond program to support long-term improvements to public school facilities.
Bill· SS. 1168 (115th)referred
United States · United States Congress · 17 May 2017
Building and Renewing Infrastructure for Development and Growth in Employment Act or the BRIDGE Act This bill establishes the Infrastructure Financing Authority (IFA) as a wholly-owned government corporation to provide direct loans and loan guarantees to eligible entities to facilitate the construction, consolidation, alteration, or repair of transportation, water, and energy infrastructure projects. Such projects shall have costs reasonably anticipated to equal or exceed $50 million ($10 million for rural infrastructure projects). The bill establishes an Office of Technical and Rural Assistance and an Office of Special Inspector General for the IFA. The bill prohibits IFA financing of a project if: it is private or does not create a public benefit, or the loan applicant is unable to demonstrate a sufficient revenue stream. The bill establishes within the IFA the Project Delivery Task Force to establish and coordinate a permitting timetable for the environmental review of a project. The Chief Executive Officer of the IFA shall: establish fees with respect to loans and loan guarantees that are sufficient to cover the IFA's administrative costs; and take actions to make the IFA a self-sustaining entity, with administrative and federal credit subsidy costs fully funded by fees and risk premiums on loans and loan guarantees. The bill amends the Internal Revenue Code to increase from $15 billion to $16 billion the aggregate amount of proceeds from tax-exempt facility bonds that the Department of Transportation shall allocate among qualified highway or surface freight transfer facilities.
Bill· SS. 1162 (115th)referred
United States · United States Congress · 17 May 2017
Bank on Students Emergency Loan Refinancing Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to establish a program that allows eligible students with loans under the Federal Direct Loan program (a Federal Direct Stafford Loan, a Federal Direct Unsubsidized Stafford Loan, a Federal Direct PLUS Loan, or a Federal Direct Consolidation Loan) to refinance their loans down to the lower rates offered to new federal borrowers in the 2016-2017 school year under certain circumstances. In addition, the bill allows student borrowers to refinance their private loans into the Federal Direct Loan program. This bill amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax).
Bill· SS. 1159 (115th)referred
United States · United States Congress · 17 May 2017
End Discriminatory State Taxes for Automobile Renters Act of 201 7 This bill prohibits state or local taxes that discriminate against the rental of motor vehicles, the business of renting motor vehicles, or motor vehicle rental property, except where such tax is imposed as of the enactment date of this bill, the tax does not lapse, the tax rate does not increase, and the tax base for such tax does not change. A tax that is imposed on the rental of motor vehicles or a motor vehicle rental business is discriminatory if: (1) it is not generally applicable to more than 51% of other rentals of tangible personal property or businesses within a state or locality on the same tax base as the state or locality employs respect to the business of renting motor vehicles, or (2) the rate exceeds the generally applicable tax rate on at least 51% of the other rentals of tangible personal property or businesses within the jurisdiction. A tax discriminates against motor vehicle rental property if a state or locality: (1) assesses the property at a value that has a higher ratio to the true market value of the property than the ratio applicable to commercial and industrial property, or (2) levies or collects either a tax on an assessment prohibited by this bill or an ad valorem property tax on motor vehicle rental property at a generally applicable rate that exceeds the rate for commercial and industrial property in the jurisdiction. A person who is aggrieved by a discriminatory tax may bring a civil action in a U.S. district court for damages, injunctive relief, other legal or equitable relief, or declaratory relief.
Bill· SS. 1156 (115th)referred
United States · United States Congress · 17 May 2017
School Infrastructure Modernization Act of 2017 This bill amends the Internal Revenue Code to allow rehabilitation expenditures for any building which is a qualified public educational facility to qualify for the rehabilitation tax credit. A "qualified public educational facility" is a school facility which is part of a public elementary or secondary school and is owned by a private, for-profit corporation pursuant to a public-private partnership agreement with a state or local educational agency.
Bill· SS. 1151 (115th)referred
United States · United States Congress · 17 May 2017
Credit for Caring Act of 201 7 This bill amends the Internal Revenue Code to allow an eligible caregiver a new tax credit for 30% of the cost of long-term care expenses that exceed $2,000, up to $3,000 in a taxable year. The bill defines "eligible caregiver" as an individual who has earned income for the taxable year in excess of $7,500 and pays or incurs expenses for providing care to a spouse or other dependent relative with long-term care needs.
Bill· SS. 1145 (115th)referred
United States · United States Congress · 17 May 2017
Truth in Settlements Act of 2017 This bill sets forth new requirements for the public disclosure of any covered settlement agreement entered into by a federal executive agency. The bill defines "covered settlement agreement" as a settlement agreement (including a consent decree) that: (1) is entered into by an executive agency, (2) relates to an alleged violation of federal civil or criminal law, and (3) requires the payment of at least $1 million by one or more non-federal persons (entities not within the federal government). Each executive agency must make publicly available on the agency website a list of each covered settlement agreement entered into by the agency, which shall include: (1) the names of the parties to the settlement agreement and the date of such agreement; (2) a description of the claims that were settled under the agreement; (3) the amount each party to the agreement is obligated to pay under the terms of the agreement and the total amounts required to be paid; and (4) for each settling party, the amount the settling party is obligated to pay that has been expressly specified as a civil penalty or fine and as not deductible for tax purposes. The bill requires: (1) such information to remain publicly available for not less than 5 years, beginning on the date of the agreement; and (2) a copy of a covered settlement agreement to remain publicly available for a period of not less than 1 year, beginning on the date of the agreement, or for at least 5 years for an agreement under which a non-federal person is required to pay not less than $50 million. The bill limits the disclosure of provisions of a covered settlement agreement that are subject to a confidentiality agreement. The issuer of securities subject to reporting requirements under the Securities Exchange Act of 1934 must describe in required reports any claim of a tax deduction relating to a payment under a covered settlement agreement.
Bill· SS. 1144 (115th)referred
United States · United States Congress · 17 May 2017
Investment in New Ventures and Economic Success Today Act of 2017 or the INVEST Act of 2017 This bill amends the Internal Revenue Code to modify various tax deductions, accounting methods, expensing rules, and cost recovery rules that apply to businesses. The bill replaces several existing provisions relating to deductions for start-up and organizational business expenses with a consolidated deduction. The new provision applies to all business types, increases the dollar limitations for expenses that may be deducted, and reduces the amortization period for costs that exceed the expensing limit. With respect to accounting methods, the bill modifies the requirements for using the cash accounting method, inventory accounting rules for small businesses, and accounting rules that apply to certain construction contracts. The bill modifies the expensing and cost recovery rules to: increase the dollar limitation for the expensing of certain depreciable business assets, modify the rules that apply to the expensing of costs related to real property, make permanent the rule that allows businesses to elect to expense 50% of the cost of certain property and recover the remaining cost under the current depreciation rules, modify the depreciation rules for farm machinery and equipment, require the Department of the Treasury to update the schedule of class lives for depreciable property, modify the depreciation rules for luxury automobiles, modify the depreciation rules for computer or peripheral equipment used for personal purposes, and reduce the amortization period for intangible property acquired by a business.
Bill· HRH.R. 2470 (115th)referred
United States · United States Congress · 16 May 2017
Homeland Threat Assessment Act This bill amends the Homeland Security Act of 2002 to require the Department of Homeland Security's Office of Intelligence and Analysis to assess the terrorist threat to the homeland for each of the next five fiscal years. Each assessment shall include: empirical data assessing terrorist activities and incidents over time in the United States; an evaluation of current and future terrorist tactics; an assessment of criminal activity suspected of financing terrorist activity; detailed information on all individuals denied entry to or removed from the United States as a result of material support provided to a foreign terrorist organization; the efficacy and spread of foreign terrorist organization propaganda, messaging, or recruitment; an assessment of threats, including cyber threats, to the homeland, including to critical infrastructure and federal civilian networks; an assessment of terrorism and criminal threats posed by individuals and organized groups seeking to unlawfully enter the United States; and an assessment of threats to the transportation sector.
Bill· HRH.R. 2468 (115th)referred
United States · United States Congress · 16 May 2017
Unifying DHS Intelligence Enterprise Act This bill amends the Homeland Security Act of 2002 to direct the Department of Homeland Security's (DHS's) Chief Intelligence Officer (CIO) to develop and disseminate written DHS-wide guidance for the processing, analysis, production, and dissemination of homeland security information and terrorism information. The guidance shall include: a description of guiding principles and purposes of DHS's intelligence enterprise; a summary of the roles and responsibilities of each DHS intelligence component and component program in the processing, analysis, production, or dissemination of such information; rules and regulations for the processing, analysis, production, and dissemination of such information; and an assessment of how the dissemination of such information assists intelligence community and federal law enforcement entities in carrying out their missions. DHS shall: (1) for each of the next five fiscal years, review and revise such guidance; and (2) provide a staff having appropriate expertise and experience to assist the CIO.
Bill· HRH.R. 2450 (115th)referred
United States · United States Congress · 16 May 2017
Facilitating Investments in Local Markets Act of 2017 or the FILM Act of 2017 This bill amends the Internal Revenue Code to extend through 2018 provisions that allow the expensing of the costs of qualified film, television, and live theatrical productions.
Bill· SS. 1129 (115th)open
United States · United States Congress · 16 May 2017
Coast Guard Authorization Act of 2017 This bill authorizes: (1) appropriations for the Coast Guard for FY2018-FY2019, and (2) a specified level of end-of-year strength for active duty personnel and military training student loads for such fiscal years. The bill addresses: (1) training for public safety personnel, (2) service member benefits for Coast Guard personnel, (3) contracts to procure three National Security Cutters, and (4) the Coast Guard Reserve Officers' Training Corps Program. The bill revises or sets forth policies relating to the Coast Guard, including Coast Guard advisory committees, numbering for undocumented barges, aids to navigation, requirements for personal flotation devices, the alternate safety compliance program, vessel certification, the installation and use of engine cut-off switches on recreational vessels, visual distress signals for recreational boats, auxiliary craft requirements, the Coast Guard's inland waterway and river tenders fleet, arctic planning, maritime security, acquisition workforce expedited hiring authority, drawbridges, incentive contracts for Coast Guard Yard or Coast Guard industrial establishments, Coast Guard health care professionals, land exchanges, shipyards, and waivers for certain contracts.
Report· HearingS.Hrg.115-185published
United States · United States Senate · 12 May 2017
Report· HearingS.Hrg.115published
United States · United States Senate · 11 May 2017
Bill· SS. 1116 (115th)open
United States · United States Congress · 11 May 2017
Indian Community Economic Enhancement Act of 2017 This bill amends the Native American Business Development, Trade Promotion, and Tourism Act of 2000 to establish duties for the Office of Native American Business Development (ONABD), including: (1) advising the Department of Commerce regarding the relationship between the United States and Indian tribes; and (2) serving as the point of contact for tribes, tribal organizations, and members of tribes regarding economic development and doing business in Indian lands. The ONABD, the Office of the Assistant Secretary for Indian Affairs, and the Community Development Financial Institutions (CDFI) Fund must coordinate to support economic development in Native American communities. CDFI Fund assistance benefiting Native American community development financial institutions does not require matching funds. The Government Accountability Office must conduct a study that assesses: (1) current programs and services that assist Native American communities with business and economic development; (2) assistance provided to Native Americans pursuant to loan, bond, and tax incentive programs; and (3) alternative incentives for tribal governments to invest in a Native American community development investment fund or bank. This bill amends the Buy Indian Act, including to require the Department of Health and Human Services to use Native American labor and purchase Native American industry products. This bill amends the Native American Programs Act of 1974 to permit the Bureau of Indian Affairs to provide financial assistance to certain Native American community development financial institutions.
Bill· SS. 1107 (115th)open
United States · United States Congress · 11 May 2017
Bankruptcy Judgeship Act of 2017 This bill amends the federal judicial code to: convert certain temporary bankruptcy judges to permanent bankruptcy judges and authorize the appointment of additional bankruptcy judges in Delaware and Michigan; convert temporary bankruptcy judges to permanent bankruptcy judges in specified judicial districts in Florida, Maryland, Nevada, North Carolina, Puerto Rico, and Virginia; and authorize the appointment of an additional bankruptcy judge in the middle district of Florida. The bill increases the quarterly fee payable to the U.S. trustee by chapter 11 (reorganization) debtors whose disbursements equal or exceed $1 million in a fiscal year unless the balance in the United States Trustee System Fund exceeds $200 million. For FY2018-FY2022, 97.5% of the quarterly U.S. trustee fees shall be deposited as offsetting collections to the United States Trustee System Fund and 2.5% shall be deposited in the general fund of the Treasury.
Bill· SS. 1096 (115th)open
United States · United States Congress · 11 May 2017
Maritime Administration Authorization and Enhancement Act for Fiscal Year 2018 This bill addresses several aspects of the U.S. Maritime Administration (MARAD), including eliminating the limitation on the number of contractors that can provide services as adjunct professors in the U.S. Merchant Marine Academy; authorizing MARAD to accept a qualified guarantee from a donor or donors for the completion of a major project for the benefit of the U.S. Merchant Marine Academy; authorizing MARAD to pay all necessary expenses in connection with the conveyance or transfer of a gift, devise, or bequest to the U.S. Merchant Marine Academy; requiring MARAD to ensure that each cadet from the U.S. Merchant Marine Academy who is participating in the Sea Year program is provided a functional satellite communication device; and authorizing MARAD to provide assistance to small shipyards for capital improvements and for maritime training programs to foster technical skills and operational productivity relating to shipbuilding, ship repair, and associated industries.
Bill· HRH.R. 2420 (115th)referred
United States · United States Congress · 11 May 2017
This bill amends the Internal Revenue Code to establish a tax-preferred individual retirement account for taxpayers under age 26, to be known as a young savers account. The bill treats such accounts as Roth individual retirement accounts for income tax purposes, with the exception of specified modifications to the rules regarding contribution limits.
Bill· HRH.R. 2413 (115th)referred
United States · United States Congress · 11 May 2017
Offshore Wind Incentives for New Development Act or the Offshore WIND Act This bill amends the Internal Revenue Code to expand the tax credit for investment in energy property to include a qualified offshore wind property until January 1, 2026. A "qualified offshore wind property" is a facility that: (1) uses wind to produce electricity; and (2) is located in the inland navigable waters of the United States including the Great Lakes, or in the coastal waters of the United States, including the territorial seas of the United States, the exclusive economic zone of the United States, and the outer Continental Shelf of the United States. The term excludes certain small wind energy property that uses a small wind turbine to generate electricity.
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