Taxation

Close the Congressional Health Care Loophole Act

United States · United States Congress · 25 March 2010

Close the Congressional Health Care Loophole Act - Amends the Patient Protection and Affordable Care Act (PPACA) to expand the definition of "congressional staff" for purposes of determining coverage under a state health care Exchange to include all full-time and part-time employees of the federal government whose pay is disbursed under the Legislative Branch Appropriations Act for the fiscal year involved.

Providing for consideration of the Senate amendments to the bill (H.R. 4872) to provide for reconciliation pursuant to Title II of the concurrent resolution on the budget for fiscal year 2010 (S.Con.Res. 13).

United States · United States Congress · 25 March 2010

Sets forth the rule for consideration of the Senate amendments to the bill (H.R. 4872) to provide for reconciliation pursuant to Title II of the concurrent resolution on the budget for fiscal year 2010 (S.Con.Res. 13).

Amending the Rules of the House of Representatives to increase openness and transparency in the annual appropriations process as it relates to earmarks.

United States · United States Congress · 25 March 2010

Amends Rule XXI (Restrictions on Certain Bills) of the Rules of the House of Representatives to make it out of order to consider in the House any legislation (or any accompanying report or joint explanatory statement) that contains a congressional earmark for an organization other than a non-profit tax-exempt organization or a governmental entity. (Thus prohibits earmarks to for-profit entities.) Makes it out of order to consider in the House any conference report (not just, as currently, a conference report accompanying a regular general appropriation bill) if it (or the accompanying joint explanatory statement) contains any congressional earmark or limited tax or tariff benefit that was not committed to the conference committee by either chamber, or in a committee report of either chamber, on such measure or on a companion measure. Amends Rule XXIII (Code of Official Conduct) to require a Member, Delegate, or Resident Commissioner (Member) requesting a congressional earmark in any legislation (or an accompanying report) or any conference report (or accompanying joint explanatory statement) to provide, in the required written statement to the chair and ranking minority member of the committee of jurisdiction, the federal nexus or specific power granted to Congress in the Constitution to enact such earmark and the previous authorization by law that supports it (federal nexus). Amends Rule XXI to make it out of order to consider in the House any legislation, amendment, or conference report unless any accompanying report or joint explanatory statement containing any congressional earmark sets forth for each congressional earmark the same federal nexus. Makes it out of order in the House to consider any general appropriation bill or any other measure making or continuing appropriations (or an amendment or conference report) if it includes any congressional earmark requested by any member of the Committee on Appropriations or inserted at the behest of the chair of that committee or of any of its subcommittees. Amends Rule XXIII to require each Member to maintain an official website and include on it a comprehensive, sortable, and searchable database comprising all congressional earmark requests for the current fiscal year and for the budget year, including for each such request: (1) the name and address of any recipient; (2) the purpose of the earmark; and (3) the federal nexus and the amount requested.

DEPARTMENT OF DEFENSE APPROPRIATIONS FOR FISCAL YEAR 2011

United States · United States Senate · 24 March 2010

FINANCIAL SERVICES AND GENERAL GOVERNMENT APPROPRIATIONS FOR FISCAL YEAR 2011

United States · United States Senate · 24 March 2010

To amend the Congressional Budget Act of 1974 to require that the concurrent resolution on the budget for fiscal year 2012 include a benchmark plan to eliminate the budget deficit by fiscal year 2020 and that subsequent resolutions adhere to that plan.

United States · United States Congress · 24 March 2010

Amends the Congressional Budget Act of 1974 to require the concurrent resolution on the budget for: (1) FY2012 to include a detailed benchmark plan to reduce discretionary spending to eliminate the budget deficit by FY2020; and (2) FY2013-FY2020 to be compliant with such plan, but include any necessary adjustments to meet its goal. Requires the congressional budget committees, if they determine that an economic emergency exists, to include such a statement in the applicable budget resolution. Provides that if such statement is included in the budget resolution, then the detailed benchmark plan to eliminate the budget deficit by FY2020: (1) is not required to be included in such budget resolution; and (2) shall be postponed by one fiscal year. Makes it out of order in both chambers to consider any budget resolution for any fiscal year through 2020 if it is in violation of this Act. Permits waiver or suspension of such requirement, or successful appeals from rulings of the Chair, only by an affirmative vote of three-fifths (60) of the Senate.

Expanding Opportunities for Main Street Act of 2010

United States · United States Congress · 24 March 2010

Expanding Opportunities for Main Street Act of 2010 - Requires a federal department or agency, to the extent practicable, to award to a small business each acquisition contract of more than $3,000 and less than $500,000 (eligible contract). Authorizes a federal department or agency to award an eligible contract to a small business if at least one small business submits a contract offer. Requires federal contracting officers to provide a determination of and reasons for not awarding an eligible contract to a small business. Amends the Small Business Act to allow an otherwise-qualifying individual with a net worth of less than $1.5 million to participate in the Minority Small Business and Capital Ownership Development Program of the Small Business Administration (SBA). Redefines the terms "bundled contracts" and "bundling of contract requirements" for purposes of small business participation in federal procurement contracts. Increases federal small business procurement contracting goals. Requires the withholding of specified contract amounts to contractors who fail to award a specified percentage of its subcontracts to small business concerns owned and controlled by socially and economically disadvantaged individuals. Amends the American Recovery and Reinvestment Act of 2009 to extend through FY2011 an SBA program to provide deferred loans to small businesses that have a qualifying loan and are experiencing immediate financial hardship. Requires the Director of the Minority Business Development Agency (MBDA) to establish the Minority Business Development Program to assist minority businesses with technical assistance, loan guarantees, and contract procurement assistance. Authorizes the Director to: (1) enter into agreements to provide set-aside contracting opportunities to minority businesses; and (2) terminate a minority business from the Program for specified violations. Requires the National Director of the MBDA to establish a database to assist prime contractors in identifying historically disadvantaged firms for subcontracting. Directs the Secretary of Labor to establish a minimum percentage of construction work hours to be performed by targeted workers (workers whose families have incomes of no more than 200% of federal poverty guidelines) under contracts for facilities and infrastructure construction and rehabilitation funded directly by or assisted in whole or in part by the federal government in FY2011. Requires the utilization of apprenticeship programs for such workers. Expresses the sense of Congress urging participation in such contracts by socially and economically disadvantaged small businesses. Amends the Internal Revenue Code to extend through 2011: (1) the new markets tax credit national limitation of $5 billion; and (2) empowerment zone designations.

To amend the Internal Revenue Code of 1986 to provide a partial exclusion from gross income of gain from the sale of non-principal residences.

United States · United States Congress · 24 March 2010

Amends the Internal Revenue Code to exclude from gross income gain from the sale or exchange of real property which is acquired within one year of the enactment of this Act, is held by the taxpayer and used as a dwelling unit for at least two years, and is located in a high foreclosure rate area, as determined by the Secretary of the Treasury. Limits the amount of gain excludable to $50,000 ($100,000 in the case of a joint return).

Employing Youth for the American Dream Act of 2010

United States · United States Congress · 24 March 2010

Employing Youth for the American Dream Act of 2010 - Amends the Workforce Investment Act of 1998 to expand to age 24 the age eligibility requirements under the youth opportunity grants program for youth activities. Directs the Secretary of Labor (Secretary) to make certain allotments to states for summer jobs programs for disconnected youth (youth age 16 to 24 who are not regularly employed or attending school). Requires the Secretary to award grants to states to carry out employment programs for the partial reimbursement of wages paid by employers of small or medium-sized business concerns for new hires or rehires of former employees. Requires states to give priority for payments to eligible employers who hire or rehire a disconnected youth. Requires the Secretary to make allotments and grants to states to carry out eligible on-the-job training programs for disconnected youth. Directs the President to establish a public service employment program to employ individuals to carry out works of a public nature in connection with parks, roads, schools, and after-school programs. Requires priority for such jobs to be given to individuals who are long-term unemployed, low-income, and disconnected youth. Amends the Internal Revenue Code to: (1) extend the work opportunity tax credit through calendar 2015; (2) include as a member of a targeted group for purposes of such credit a qualified Title 1-B youth services recipient and rename a "qualified ex-felon" as a "qualified ex-offender" for purposes of the credit; (3) double the amount of allowable wages that may be considered in calculating such credit; (4) revive and extend the designation period for tax-preferred empowerment zones and revive certain zone designations that terminated on December 31, 2009; and (5) allow an employer tax credit through 2012 for the employment of disconnected youth. Requires the Secretary of the Interior to give preference to the hiring of individuals age 16 to 24 for federal park and forestry jobs. Authorizes contracting officers of executive agencies to give preference in the award of federal contracts for the procurement of goods and services to employers: (1) that employ, in a youth apprenticeship and in the performance of the contract, disconnected youth who reside in high unemployment areas; and (2) whose contracts are funded for FY2011 under a law enacted to create infrastructure, transportation, or green energy jobs.

Providing for consideration of the Senate amendments to the bill (H.R. 1586) to impose an additional tax on bonuses received from certain TARP recipients, and for other purposes.

United States · United States Congress · 24 March 2010

Sets forth the rule for consideration of the Senate amendments to the bill (H.R. 1586) to impose an additional tax on bonuses received from certain TARP recipients.

[H.A.S.C. No. 111-145] NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2011 AND OVERSIGHT OF PREVIOUSLY AUTHORIZED PROGRAMS BEFORE THE COMMITTEE ON ARMED SERVICES HOUSE OF REPRESENTATIVES ONE HUNDRED ELEVENTH CONGRESS SECOND SESSION

United States · United States House of Representatives · 23 March 2010

DEPARTMENTS OF LABOR, HEALTH AND HUMAN SERVICES, AND EDUCATION, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2011

United States · United States Senate · 23 March 2010

MILITARY CONSTRUCTION AND VETERANS AFFAIRS, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2011

United States · United States Senate · 23 March 2010

MILITARY CONSTRUCTION AND VETERANS AFFAIRS, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2011

United States · United States Senate · 23 March 2010

A bill to require Congress to lead by example and freeze its own pay and fully offset the cost of the extension of unemployment benefits and other Federal aid.

United States · United States Congress · 23 March 2010

No Pay Raise for Congress Until the Budget is Balanced Act - Eliminates automatic cost of living adjustments (COLAs) for Members of Congress during FY2011 or any succeeding fiscal year, until the fiscal year following the first fiscal year that the annual federal budget deficit is $0. Requires the Secretary of the Treasury to: (1) determine whether or not the annual federal budget deficit was $0 for that fiscal year, and if so, report that determination to Congress; and (2) report that determination also to the Secretary of the Senate and the Chief Administrative Officer of the House of Representatives, as well as whether or not such COLA restriction shall apply to the succeeding fiscal year. Rescinds $100 million in unobligated balances of funds made available under the Legislative Branch Appropriations Act, 2010, except for any Capitol Police account. Prohibits the availability of such funds for any pilot program for mailings of postal patron postcards by Senators to provide notice of a town meeting by a Senator in a county or local government at which he or she will personally attend. Rescinds $9.2 billion in discretionary, unexpired funds out of all available unobligated federal funds. Requires the Director of the Office of Management and Budget (OMB) to: (1) identify the accounts and amounts rescinded to implement this Act; and (2) report to the Secretary of the Treasury and Congress on them.

An Act to amend the Internal Revenue Code of 1986 to make technical corrections to the pension funding provisions of the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010.

United States · United States Congress · 23 March 2010

Federal Aviation Administration Extension Act of 2010 - Amends the Internal Revenue Code to extend through July 3, 2010: (1) excise taxes on aviation fuels and air transportation of persons and property; and (2) the expenditure authority for the Airport and Airway Trust Fund. Authorizes appropriations for the period beginning October 1, 2009, and ending on July 3, 2010, for airport improvement program (AIP) projects, including project grant authority. Sets forth a formula for calculating the apportionment of AIP funding. Extends through July 3, 2010, various airport development projects, including: (1) the pilot program for passenger facility fees at nonhub airports; (2) small airport grants for airports located in the Marshall Islands, Micronesia, and Palau; (3) the temporary increase to 95% in the government share of certain AIP project costs; and (4) the funding of Midway Island airport development. Extends through July 3, 2010, state and local land use compatibility projects under the AIP program. Extends through July 3, 2010, the authority of the Metropolitan Washington Airports Authority to apply for an airport development grant and impose a passenger facility fee. Extends through July 3, 2010, Department of Transportation (DOT) insurance coverage for domestic and foreign-flag air carriers. Allows further extension through September 30, 2010. Extends through FY2010, air carrier liability limits for injuries to passengers resulting from acts of terrorism. Extends through July 3, 2010, certain competitive access assurance requirements for large or medium hub airport sponsors applying for AIP grants. Extends for the period from October 1, 2009, through July 3, 2010, the authorization of appropriations for: (1) Federal Aviation Administration (FAA) operations; (2) air navigation facilities and equipment; and (3) research, engineering, and development. Surface Transportation Extension Modification Act of 2010 - Amends the Surface Transportation Extension Act of 2010 to modify the extension of certain allocations of transportation program funds to states under the Act. Revises such allocations for FY2010-FY2011 to direct funds to specific programs under the equity bonus program (except the high priority projects program), including: (1) the Interstate maintenance program; (2) the national highway system program; (3) the highway bridge program; (4) the surface transportation program; (5) the highway safety improvement program; (6) the congestion mitigation and air quality improvement program; (7) metropolitan planning program; (8) the equity bonus program; (9) the Appalachian development highway system program; (10) the recreational trails program; (11) the safe routes to school program; (12) the rail-highway grade crossing program; and (13) the coordinated border infrastructure program. Requires the Secretary of Transportation to apportion authorized appropriations (out of the Highway Trust Fund, other than the Mass Transit Account) among all states for FY2010 and the period from October 1, 2010, through December 31, 2010, for the projects of national and regional significance program and the national corridor infrastructure improvement program so that each state's apportionment is equal to its FY2009 share of funds apportioned or allocated for such programs.

Wall Street Compensation Reform Act of 2010

United States · United States Congress · 22 March 2010

Wall Street Compensation Reform Act of 2010 - Amends the Internal Revenue Code to restrict the tax deduction for compensation paid to highly-paid employees of systemically significant financial institutions. Requires such compensation to be performance-based, to vest no earlier than five years after the date of payment, and to consist of 50% employer stock. Prohibits such highly-paid employees from using personal hedging strategies and remuneration or liability-related insurance and requires forfeiture of compensation paid to a chief executive or financial officer of such an institution if an accounting restatement is required due to material noncompliance, as a result of misconduct, with any federal financial reporting requirement. Defines a "systemically significant financial institution" as an entity which engages primarily in financial activities (as determined under the Bank Holding Company Act of 1956) and which: (1) owns or controls assets greater than $25 billion; or (2) owns or controls assets greater than $10 billion and maintains a ratio of debt to equity greater than 20 to 1. Requires each systemically significant financial institution which is a publicly held corporation to make an annual report on its compensation policies and practices to the Securities and Exchange Commission (SEC) and make such report publicly available.

A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of Department of Defense health coverage as minimal essential coverage.

United States · United States Congress · 22 March 2010

Amends the Internal Revenue Code to provide that health care coverage provided by the TRICARE program and the Nonappropriated Fund Health Benefits Program of the Department of Defense (DOD) shall constitute minimal essential health care coverage as required by the Patient Protection and Affordable Care Act.

Endangered Species Recovery Act of 2010

United States · United States Congress · 22 March 2010

Endangered Species Recovery Act of 2010 - Amends the Internal Revenue Code to allow certain landowners whose property contains the habitat of an endangered or threatened species and who enter into a habitat protection agreement a tax credit for costs relating to habitat protection easements and restoration. Places limits on the amount of such credit for calendar years 2011 through 2015. Directs the Comptroller General to study and report to Congress on the effectiveness of such credit.

Providing for consideration of the bill (H.R. 4899) making emergency supplemental appropriations for disaster relief and summer jobs for the fiscal year ending September 30, 2010, and for other purposes.

United States · United States Congress · 22 March 2010

Sets forth the rule for consideration of the bill (H.R. 4899) making emergency supplemental appropriations for disaster relief and summer jobs for the fiscal year ending September 30, 2010.

Providing for consideration of the bill (H.R. 4849) to amend the Internal Revenue Code of 1986 to provide tax incentives for small business job creation, extend the Build America Bonds program, provide other infrastructure job creation tax incentives, and for other purposes.

United States · United States Congress · 22 March 2010

Sets forth the rule for consideration of the bill (H.R. 4849) to amend the Internal Revenue Code of 1986 to provide tax incentives for small business job creation, extend the Build America Bonds program, provide other infrastructure job creation tax incentives.

Drivers AID Act

United States · United States Congress · 21 March 2010

Drivers Accelerated Interest Deductibility Act of 2010 or the Drivers AID Act - Amends the Internal Revenue Code to allow a deduction from gross income of up to $5,000 for interest paid for the purchase of certain new automobiles or light trucks during periods when the national unemployment rate is 7% or greater.

Providing for consideration of the Senate amendments to the bill (H.R. 3590) to amend the Internal Revenue Code of 1986 to modify the first-time homebuyers credit in the case of members of the Armed Forces and certain other Federal employees, and for other purposes, and providing for consideration of the bill (H.R. 4872) to provide for reconciliation pursuant to section 202 of the concurrent resolution on the budget for fiscal year 2010.

United States · United States Congress · 20 March 2010

Sets forth the rule for consideration of the Senate amendments to the bill (H.R. 3590) to amend the Internal Revenue Code of 1986 to modify the first-time homebuyers credit in the case of members of the Armed Forces and certain other Federal employees, and for other purposes, and providing for consideration of the bill (H.R. 4872) to provide for reconciliation pursuant to section 202 of the concurrent resolution on the budget for fiscal year 2010.

DEPARTMENTS OF LABOR, HEALTH AND HUMAN SERVICES, AND EDUCATION, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2011

United States · United States Senate · 19 March 2010

TRICARE Affirmation Act

United States · United States Congress · 19 March 2010

Amends the Internal Revenue Code to provide that health care coverage provided by the TRICARE program and the Nonappropriated Fund Health Benefits Program of the Department of Defense (DOD) shall constitute minimal essential health care coverage as required by the Patient Protection and Affordable Care Act.

GSE Bailout Elimination and Taxpayer Protection Act

United States · United States Congress · 19 March 2010

GSE Bailout Elimination and Taxpayer Protection Act - Sets a deadline for the Director of the Federal Housing Finance Agency (FHFA) to terminate the conservatorship of either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) if the Director determines that it is financially viable. (Refers to both Fannie Mae and Freddie Mac as enterprises.) Requires the Director to appoint the FHFA immediately as receiver of either enterprise if it is found not to be financially viable. Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (FHEFSSA) to repeal: (1) its housing goals if the Director determines that an enterprise is financially viable; and (2) the new housing price index. Amends the Housing and Community Development Act of 1992 to restrict the authority of an enterprise to acquire mortgage assets following its emergence from conservatorship. Increases the minimum capital level required for each enterprise. Instructs the Director to establish minimum levels of capital for the enterprises. Authorizes the Director to: (1) establish minimum capital levels in excess of levels specified in the FHEFSSA; and (2) deem failure of an enterprise to maintain revised minimum capital levels to constitute an unsafe and unsound condition. Amends the Continuing Appropriations Resolution, 2010, the American Recovery and Reinvestment Act of 2009, and the Economic Stimulus Act of 2009 to repeal temporary increases to conforming loan limits. Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to repeal provisions governing enterprise authority to purchase and sell certain insured and conventional mortgages and to engage in certain lending activities (general limit and permanent high-cost area increases). Amends the Housing and Economic Recovery Act of 2008 to repeal its conforming loan limits. Prescribes conforming loan limits for conventional mortgages that may be purchased by the enterprises. Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to: (1) prohibit the enterprises from purchasing mortgages that exceed the median area price for the affected property; (2) prohibit the enterprises from purchasing mortgages if the mortgagor has paid less than the specified minimum downpayment; and (3) require the enterprises to pay state and local taxes. Instructs the Director of FHFA to assess each enterprise for the amount necessary to recoup to the federal government the full value of the benefit received from the federal guarantee of its obligations and financial viability. Directs the Comptroller General to study and report to Congress on a risk-based pricing mechanism to determine accurately the value of the benefit the enterprises receive from the federal guarantee of their obligations and financial viability. Prescribes a deadline and procedures for the wind down of operations and dissolution of an enterprise.

Correcting the enrollment of H.R. 3590.

United States · United States Congress · 19 March 2010

Directs the Clerk of the House of Representatives to make corrections to the enrollment of H.R. 3590 (the Patient Protection and Affordable Care Act [PPACA]) with respect to abortion provisions to: (1) specify that nothing in such Act shall be construed to require any health plan to provide coverage of abortion services or to allow the Secretary of Health and Human Services (HHS) to require such coverage; (2) prohibit funds authorized or appropriated by such Act, including the tax credit provided for premium assistance, from being expended for any abortion or to cover any part of the costs of a health plan that includes abortion coverage, with specified exceptions involving the risk of death for the woman seeking an abortion or a pregnancy resulting from rape or incest; (3) allow non-federal entities to purchase separate coverage for abortions so long as such coverage is not purchased using the non-federal funds required to receive a federal payment; (4) allow non-federal health insurance issuers to offer separate coverage for abortions so long as any such issuer that offers a qualified health plan through an Exchange that includes coverage for abortions also offers a plan that is identical except that it does not cover abortions; and (5) repeal a provision requiring the Director the Office of Personnel Management (OPM) to ensure that with respect to multi-state qualified health plans offered in an Exchange, there is at least one such plan that does not provide coverage of abortions for which the expenditure of federal funds appropriated for HHS is not permitted.

[H.A.S.C. No. 111-142] NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2011 AND OVERSIGHT OF PREVIOUSLY AUTHORIZED PROGRAMS BEFORE THE COMMITTEE ON ARMED SERVICES HOUSE OF REPRESENTATIVES ONE HUNDRED ELEVENTH CONGRESS SECOND SESSION

United States · United States House of Representatives · 18 March 2010

[H.A.S.C. No. 111-141] NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2011 AND OVERSIGHT OF PREVIOUSLY AUTHORIZED PROGRAMS BEFORE THE COMMITTEE ON ARMED SERVICES HOUSE OF REPRESENTATIVES ONE HUNDRED ELEVENTH CONGRESS SECOND SESSION

United States · United States House of Representatives · 18 March 2010

FINANCIAL SERVICES AND GENERAL GOVERNMENT APPROPRIATIONS FOR FISCAL YEAR 2011

United States · United States Senate · 18 March 2010

LEGISLATIVE BRANCH APPROPRIATIONS FOR FISCAL YEAR 2011

United States · United States Senate · 18 March 2010

FINANCIAL SERVICES AND GENERAL GOVERNMENT APPROPRIATIONS FOR FISCAL YEAR 2011

United States · United States Senate · 18 March 2010

No Pay Raise for Congress Until the Budget is Balanced Act

United States · United States Congress · 18 March 2010

No Pay Raise for Congress Until the Budget is Balanced Act - Eliminates automatic cost of living adjustments (COLAs) for Members of Congress during FY2011 or any succeeding fiscal year, until the fiscal year following the first fiscal year that the annual federal budget deficit is $0. Requires the Secretary of the Treasury to: (1) determine whether or not the annual federal budget deficit was $0 for that fiscal year, and if so, report that determination to Congress; and (2) report that determination also to the Secretary of the Senate and the Chief Administrative Officer of the House of Representatives, as well as whether or not such COLA restriction shall apply to the succeeding fiscal year. Reduces the statutory limit on the public debt as follows: (1) for FY2011, $13.9 trillion; (2) for FY2012, $13.7 trillion; (3) for FY2013, $13.5 trillion; (4) for FY2014, $12.3 trillion; and (5) for FY2015 and each ensuing fiscal year, $12.1 trillion.

Low Income Housing Tax Credit Recovery Act of 2010

United States · United States Congress · 18 March 2010

Low Income Housing Tax Credit Recovery Act of 2010 - Amends the Internal Revenue Code, with respect to the low-income housing tax credit, to allow: (1) a five-year carryback period for unused tax credit amounts; (2) an extended carryback period for new investments in housing in 2010 and 2011; and (3) a full offset of such credit against regular income tax liability.

Solar Uniting Neighborhoods (SUN) Act of 2010

United States · United States Congress · 18 March 2010

Solar Uniting Neighborhoods (SUN) Act of 2010 - Amends the Internal Revenue Code, with respect to the tax credit for residential energy efficient property, to permit solar electric property otherwise eligible for such credit to be located on a site apart from the dwelling unit for which the electricity generated from such property is used.

Volunteer Responder Incentive Protection Reauthorization Act of 2010

United States · United States Congress · 18 March 2010

Volunteer Responder Incentive Protection Reauthorization Act of 2010 - Amends Internal Revenue Code provisions allowing a tax exclusion for benefits paid to volunteer firefighters and emergency medical providers by states and local government by: (1) increasing the amount of benefits excludible; and (2) extending such tax exclusion through 2013.

A resolution expressing the sense of the Senate that Congress should reject any proposal for the creation of a system of global taxation and regulation.

United States · United States Congress · 18 March 2010

Expresses the sense of the Senate that Congress should reject any proposal for the creation of: (1) an international system of government bailouts for the financial sector; (2) a global cap-and-trade system or other climate regulations that would punish businesses in the United States and limit the competitiveness of the United States; and (3) a global tax system that would violate U.S. sovereignty.

Toxic Drywall Homeowner Relief Act of 2010

United States · United States Congress · 18 March 2010

Toxic Drywall Homeowner Relief Act of 2010 - Amends the Internal Revenue Code to allow a deduction from gross income for the cost of removing and remediating drywall installed in a principal residence between 2004 and 2009 which is reasonably believed to have been manufactured in China and which contains elevated levels of sulphur or strontium. Allows an additional deduction for the taxpayer's alternative living costs, and a tax credit of up to $1,000 for the cost of moving from a principal residence to temporary lodging, while drywall in such residence is being evaluated, removed, and replaced. Terminates the tax deductions and credit allowed by this Act after 2011.

Community Bank and Automotive Industry Recapitalization Act of 2010

United States · United States Congress · 18 March 2010

Community Bank and Automotive Industry Recapitalization Act of 2010 - Amends the Internal Revenue Code to exclude from gross income gain from the sale of qualified investment property acquired within 18 months after the enactment of this Act and held for more than five years. Defines "qualified investment property" as original issue stock in a community bank with less than $10 billion in assets or an automotive company.

STRONG Budget Act of 2010

United States · United States Congress · 18 March 2010

STRONG Budget Act of 2010 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to require a second, general sequestration within 15 days after the end of any session of Congress if, first, a particular sequestration occurs at that time under the Statutory Pay-As-You-Go Act of 2010. Requires the general sequestration to equal 2% of the budget baseline for the fiscal year beginning on October 1 of the calendar year during which such sequestration occurs. Prohibits such sequestration order from reducing: (1) benefits payable under title II (Old Age, Survivors, and Disability Insurance) (OASDI) of the Social Security Act (SSA); (2) annuities payable to certain employees under the Railroad Retirement Act of 1974; (3) benefits payable under any program administered by the Department of Veterans Affairs (VA) or Special Benefits for Certain World War II Veterans (28-0401-0-1-701); (4) benefits payable under SSA title IV part A (Temporary Assistance for Needy Families) (TANF) relating to hospital insurance benefits for the aged and disabled; (5) payments for net interest (all of major functional category 900); and (6) other specified federal retirement and disability accounts. Requires the Office of Management and Budget (OMB), within 14 days after the end of a session, to issue an annual deficit reduction report and, if the report requires a sequestration, to prepare and the President to issue a sequestration order reducing nonexempt accounts by enough to eliminate the deficit. Prohibits such reduction, however, from exceeding 2% of the total amount of such nonexempt accounts. Provides for: (1) suspension of such sequestration procedures if OMB determines that the federal budget is not in deficit; and (2) restoration of such procedures in the first fiscal year after OMB determines there is a deficit. Amends Rule XXI (Restrictions on Certain Bills) of the Rules of the House of Representatives to prohibit legislation carrying an additional exemption to sequestrations under the Gramm-Rudman-Hollings Act (and this Act) from being considered as passed or agreed to unless by a vote of at least three-fifths of the Members.

Tax Cut Job Creation Act of 2010

United States · United States Congress · 18 March 2010

Tax Cut Job Creation Act of 2010 - Amends the Internal Revenue Code to reduce the income tax rate on certain corporations that make charitable contributions to tax-exempt educational organizations.

[H.A.S.C. No. 111-138] NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2011 AND OVERSIGHT OF PREVIOUSLY AUTHORIZED PROGRAMS BEFORE THE COMMITTEE ON ARMED SERVICES HOUSE OF REPRESENTATIVES ONE HUNDRED ELEVENTH CONGRESS SECOND SESSION

United States · United States House of Representatives · 17 March 2010

DEPARTMENT OF THE INTERIOR, ENVIRONMENT, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2011

United States · United States Senate · 17 March 2010

DEPARTMENT OF DEFENSE APPROPRIATIONS FOR FISCAL YEAR 2011

United States · United States Senate · 17 March 2010

Currency Exchange Rate Oversight Reform Act of 2010

United States · United States Congress · 17 March 2010

Currency Exchange Rate Oversight Reform Act of 2010 - Directs the Secretary of the Treasury to: (1) make public and report biannually to Congress on international monetary policy and currency exchange rates; and (2) appear, if requested, before certain congressional committees to testify regarding such reports. Prescribes report contents, including: (1) an analysis of currency market developments and the relationship between the U.S. dollar and the currencies of major economies and trading partners of the United States; (2) a review of the economic and monetary policies of major economies and trading partners of the United States and an evaluation of how such policies impact currency exchange rates; and (3) a list of currencies designated as fundamentally misaligned currencies. Instructs the Secretary to: (1) analyze semiannually the prevailing real effective exchange rates of foreign currencies; (2) determine whether any such currency is in fundamental misalignment; and (3) designate it for priority action if the issuing country engages in specified behavior, including excessive and prolonged official or quasi-official accumulation of foreign assets for balance of payments purposes. Prescribes procedures for: (1) negotiations and consultations; and (2) actions in response to failure, including persistent failure, to adopt appropriate policies, or take identifiable action to eliminate the fundamental misalignment. Requires the Secretary, before the United States approves a proposed change in the governance arrangement of any international financial institution, to determine whether any member of the international financial institution that would benefit from the proposed change, in the form of increased voting shares or representation, has a currency designated for priority action. Requires U.S. opposition to the proposed change if the Secretary renders an affirmative determination. Amends the Tariff Act of 1930, for purposes of an antidumping investigation or review, to require an adjustment in the price used to establish export (and constructed export) prices, in the case of a fundamentally misaligned currency designated for priority action, by reducing such price by the percentage by which the domestic currency of the producer or exporter is undervalued in relation to the U.S. dollar. Requires the administering authority, upon the filing of a petition by an interested party, to initiate a countervailing duty investigation or review to determine whether currency undervaluation by the government of, or any public entity within, a foreign country is providing, directly or indirectly, a countervailable subsidy to its exporters or products. Requires the same kind of countervailing duty investigation upon the designation of a foreign currency as a fundamentally misaligned currency for priority action. Adds as a factor the administering authority must take into account in determining whether a foreign country is a nonmarket economy country the question of whether its currency is designated, or has been designated at any time over the five years before review of any nonmarket economy status, for priority action under this Act. Establishes the Advisory Committee on International Exchange Rate Policy. Repeals the Exchange Rates and International Economic Policy Coordination Act of 1988. Amends the Internal Revenue Code to make permanent tax-free distributions from individual retirement accounts for charitable purposes, and charitable deductions for corporate contributions to charitable organizations of: (1) food inventory; (2) book inventories to public schools; and (3) computer technology and equipment for educational purposes.

Spending Reduction Act of 2010

United States · United States Congress · 17 March 2010

Spending Reduction Act of 2010 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to establish nonsecurity discretionary category spending limits (spending caps) for FY2011-FY2015. Defines "nonsecurity discretionary category" as all discretionary appropriations except budget accounts within major functional category (050) National Defense, (150) International Affairs, (700) Veterans Benefits and Services, and the National Nuclear Security Administration (NNSA) within major functional category (270) Energy, and any appropriations for the Department of Homeland Security (DHS). Repeals the termination date for Pay-As-You-Go (PAYGO) enforcement mechanisms under such Act (thus making them permanent). Declares that, if for any fiscal year, legislation making appropriations for discretionary accounts includes a designation for emergency requirements, such measure may not be considered in either chamber as passed or agreed to unless by a vote of at least two-thirds of the Members.

To exempt the natural aging process in the determination of the production period for distilled spirits under section 263A of the Internal Revenue Code of 1986.

United States · United States Congress · 17 March 2010

Amends the Internal Revenue Code to exclude from determination of the production period for distilled spirits any period allocated to the natural aging process for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period.

Health Care and Education Reconciliation Act of 2010

United States · United States Congress · 17 March 2010

Reconciliation Act of 2010 - Sets forth legislative language on health care reform and investing in education submitted to the House Budget Committee by the Ways and Means Committee and the Education and Labor Committee pursuant to reconciliation instructions of Section 202 of S. Con. Res. 13, the Concurrent Resolution on the Budget for Fiscal Year 2010. The table of contents of H.R. 4872 as reported by the Budget Committee is presented here: Division I: Committee on Ways and Means: Health Care Reform Division short title: America's Affordable Health Choices Act of 2009 Subdivision A: Affordable Health Care Choices Title I: Protections and Standards for Qualified Health Benefits Plans Subtitle A: General Standards Subtitle B: Standards Guaranteeing Access to Affordable Coverage Subtitle C: Standards Guaranteeing Access to Essential Benefits Subtitle D: Additional Consumer Protections Subtitle E: Governance Subtitle F: Relation to Other Requirements; Miscellaneous Subtitle G: Early Investments Title II: Health Insurance Exchange and Related Provisions Subtitle A: Health Insurance Exchange Subtitle B: Public Health Insurance Option Subtitle C: Individual Affordability Credits Title III: Shared Responsibility Subtitle A: Individual Responsibility Subtitle B: Employer Responsibility Title IV: Amendments to Internal Revenue Code of 1986 Subtitle A: Shared Responsibility Subtitle B: Credit for Small Business Employee Health Coverage Expenses Subtitle C: Disclosures to Carry Out Health Insurance Exchange Subsidies Subtitle D: Other Revenue Provisions Subdivision B: Medicare and Medicaid Improvements Title I: Improving Health Care Value Subtitle A: Provisions Related to Medicare Part A Subtitle B: Provisions Related to Part B Subtitle C: Provisions Related to Medicare Parts A and B Subtitle D: Medicare Advantage Reforms Subtitle E: Improvements to Medicare Part D Subtitle F: Medicare Rural Access Protections Title II: Medicare Beneficiary Improvements Subtitle A: Improving and Simplifying Financial Assistance for Low Income Medicare Beneficiaries Subtitle B: Reducing Health Disparities Subtitle C: Miscellaneous Improvements Title III: Promoting Primary Care, Mental Health Services, and Coordinated Care Title IV: Quality Subtitle A: Comparative Effectiveness Research Subtitle B: Nursing Home Transparency Subtitle C: Quality Measurements Subtitle D: Physician Payments Sunshine Provision Subtitle E: Public Reporting on Health Care-Associated Infections Title V: Medicare Graduate Medical Education Title VI: Program Integrity Subtitle A: Increased Funding to Fight Waste, Fraud, and Abuse Subtitle B: Enhanced Penalties for Fraud and Abuse Subtitle C: Enhanced Program and Provider Protections Subtitle D: Access to Information Needed to Prevent Fraud, Waste, and Abuse Title VII: Medicaid and CHIP Subtitle A: Medicaid and Health Reform Subtitle B: Prevention Subtitle C: Access Subtitle D: Coverage Subtitle E: Financing Subtitle F: Waste, Fraud, and Abuse Subtitle G: Puerto Rico and the Territories Subtitle H: Miscellaneous Title VIII: Revenue-related Provisions Title IX: Miscellaneous Provisions Subdivision C: Public Health and Workforce Development Title I: Community Health Centers Title II: Workforce Subtitle A: Primary Care Workforce Subtitle B: Nursing Workforce Subtitle C: Public Health Workforce Subtitle D: Adapting Workforce to Evolving Health System Needs Title III: Prevention and Wellness Title IV: Quality and Surveillance Title V: Other Provisions Subtitle A: Drug Discount for Rural and Other Hospitals Subtitle B: School-Based Health Clinics Subtitle C: National Medical Device Registry Subtitle D: Grants for Comprehensive Programs to Provide Education to Nurses and Create a Pipeline to Nursing Subtitle E: States Failing to Adhere to Certain Employment Obligations Division II: Committee on Education and Labor: Health Care Reform Division short title: America's Affordable Health Choices Act of 2009 Subdivision A: Affordable Health Care Choices Title I: Protections and Standards for Qualified Health Benefits Plans Subtitle A: General Standards Subtitle B: Standards Guaranteeing Access to Affordable Coverage Subtitle C: Standards Guaranteeing Access to Essential Benefits Subtitle D: Additional Consumer Protections Subtitle E: Governance Subtitle F: Relation to Other Requirements; Miscellaneous Subtitle G: Early Investments Title II: Health Insurance Exchange and Related Provisions Subtitle A: Health Insurance Exchange Subtitle B: Public Health Insurance Option Subtitle C: Individual Affordability Credits Subtitle D: State Innovation Title III: Shared Responsibility Subtitle A: Individual Responsibility Subtitle B: Employer Responsibility Title IV: Amendments to Internal Revenue Code of 1986 Subtitle A: Shared Responsibility Subtitle B: Credit for Small Business Employee Health Coverage Expenses Subtitle C: Disclosures to Carry Out Health Insurance Exchange Subsidies Subtitle D: Other Revenue Provisions Subdivision B: Medicare and Medicaid Improvements Title I: Improving Health Care Value Subtitle A: Provisions Related to Medicare Part A Subtitle B: Provisions Related to Part B Subtitle C: Provisions Related to Medicare Parts A and B Subtitle D: Medicare Advantage Reforms Subtitle E: Improvements to Medicare Part D Subtitle F: Medicare Rural Access Protections Title II: Medicare Beneficiary Improvements Subtitle A: Improving and Simplifying Financial Assistance for Low Income Medicare Beneficiaries Subtitle B: Reducing Health Disparities Subtitle C: Miscellaneous Improvements Title III: Promoting Primary Care, Mental Health Services, and Coordinated Care Title IV: Quality Subtitle A: Comparative Effectiveness Research Subtitle B: Nursing Home Transparency Subtitle C: Quality Measurements Subtitle D: Physician Payments Sunshine Provision Subtitle E: Public Reporting on Health Care-Associated Infections Title V: Medicare Graduate Medical Education Title VI: Program Integrity Subtitle A: Increased Funding To Fight Waste, Fraud, and Abuse Subtitle B: Enhanced Penalties for Fraud and Abuse Subtitle C: Enhanced Program and Provider Protections Subtitle D: Access to Information Needed To Prevent Fraud, Waste, and Abuse Title VII: Medicaid and CHIP Subtitle A: Medicaid and Health Reform Subtitle B: Prevention Subtitle C: Access Subtitle D: Coverage Subtitle E: Financing Subtitle F: Waste, Fraud, and Abuse Subtitle G: Puerto Rico and the Territories Subtitle H: Miscellaneous Title VIII: Revenue-Related Provisions Title IX: Miscellaneous Provisions Subdivision C: Public Health and Workforce Development Title I: Community Health Centers Title II: Workforce Subtitle A: Primary Care Workforce Subtitle B: Nursing Workforce Subtitle C: Public Health Workforce Subtitle D: Adapting Workforce to Evolving Health System Needs Title III: Prevention and Wellness Title IV: Quality and Surveillance Title V: Other Provisions Subtitle A: Drug Discount for Rural and Other Hospitals Subtitle B: School-Based Health Clinics Subtitle C: National Medical Device Registry Subtitle D: Grants for Comprehensive Programs to Provide Education to Nurses and Create a Pipeline to Nursing Subtitle E: States Failing to Adhere to Certain Employment Obligations Subtitle F: Standards for Accessibility to Medical Equipment for Individuals With Disabilities Subtitle G: Other Grant Programs Subtitle H: Long-term Care and Family Caregiver Support Subtitle I: Online Resources Division III: House Committee on Education and Labor: Investing in Education Division short title: Student Aid and Fiscal Responsibility Act of 2009 Title I: Investing in Students and Families Subtitle A: Increasing College Access and Completion Subtitle B: Student Financial Aid Form Simplification Title II: Student Loan Reform Subtitle A: Stafford Loan Reform Subtitle B: Perkins Loan Reform Title III: Modernization, Renovation, and Repair Subtitle A: Elementary and Secondary Education Chapter 1: Grants for Modernization, Renovation, or Repair of Public School Facilities Chapter 2: Supplemental Grants for Louisiana, Mississippi, and Alabama Chapter 3: General Provisions Subtitle B: Higher Education Title IV: Early Learning Challenge Fund Title V: American Graduation Initiative

[H.A.S.C. No. 111-137]NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2011 AND OVERSIGHT OF PREVIOUSLY AUTHORIZED PROGRAMS BEFORE THE COMMITTEE ON ARMED SERVICES HOUSE OF REPRESENTATIVES ONE HUNDRED ELEVENTH CONGRESS SECOND SESSION

United States · United States House of Representatives · 16 March 2010

Superfund Polluter Pays Act

United States · United States Congress · 16 March 2010

Superfund Polluter Pays Act - Amends the Internal Revenue Code to: (1) reinstate and increase the Hazardous Substance Superfund financing rate through 2018; and (2) increase the environmental excise tax on certain chemicals sold by their manufacturers, producers, and importers.