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651 records in US in 2021

Records

Bill· HRH.R. 3538 (117th)referred

Coordinated Action To Capture Harmful Emissions Act

United States · United States Congress · 25 May 2021

Coordinated Action To Capture Harmful Emissions Act This bill increases the applicable dollar amount of the carbon oxide sequestration tax credit for taxable years after 2021.

Resolution· HRESH.Res. 438 (117th)referred

Third Reconstruction: Fully addressing poverty and low wages from the bottom up.

United States · United States Congress · 25 May 2021

This resolution expresses the sense of Congress that legislation and policies that address poverty, low wages, and related issues should be prioritized. Among other priorities, the resolution commits to updating the poverty measure; raising the minimum wage; expanding unemployment insurance; ensuring that all workers receive paid family and medical leave; implementing a federal jobs guarantee; guaranteeing safe and quality housing, a right to water, high-quality public education, and quality health care for all; enacting relief from household and personal debt that cannot be paid; ensuring that state, local, and tribal governments are adequately funded; expanding and protecting the right to vote; eliminating persistent racial inequities; protecting the constitutional rights of assembly and free speech; enacting comprehensive and just immigration reform; ensuring all the rights of Native and Indigenous peoples and tribal nations; transforming the economy into a green renewable energy economy; demilitarizing U.S. foreign policy, borders, and policing; enacting fair taxes on corporations and the wealthy; using deficit spending to meet pressing needs; and encouraging states and cities to enact policies that follow the direction provided by this resolution.

Bill· HRH.R. 3472 (117th)referred

Biodiesel Tax Credit Extension Act of 2021

United States · United States Congress · 25 May 2021

Biodiesel Tax Credit Extension Act of 2021 This bill extends the income and excise tax credits for biodiesel and renewable diesel used as fuel through 2025.

Bill· HRH.R. 3552 (117th)referred

Travel Trailer and Camper Tax Parity Act

United States · United States Congress · 25 May 2021

Travel Trailer and Camper Tax Parity Act This bill modifies the tax deduction for floor plan financing interest to include in the term motor vehicles eligible for such financing any trailer or camper that is designed to provide temporary living quarters for recreational, camping, or seasonal use and is designed to be towed by, or affixed to, a motor vehicle.

Bill· SS. 1807 (117th)referred

Clean H2 Production Act

United States · United States Congress · 25 May 2021

Clean H2 Production Act This bill provides tax incentives for the production of clean hydrogen and for investment in clean hydrogen production facilities. Specifically, it allows a new business-related tax credit for the production of specified amounts of qualified clean hydrogen. The bill defines qualified clean hydrogen as hydrogen that is produced through a process that, as compared to hydrogen produced by steam-methane reforming of nonrenewable natural gas, achieves a percentage reduction in life cycle greenhouse gas emissions that is not less than 50%. The bill also expands the energy tax credit to include clean hydrogen production facilities.

Bill· SS. 1805 (117th)referred

SHELTER Act

United States · United States Congress · 25 May 2021

SHELTER Act This bill allows a tax credit to individuals and businesses for disaster mitigation expenditures. The allowable amount of such credit is 25% of the mitigation expenditures, up to $5,000 in any taxable year.

Bill· SS. 1810 (117th)referred

Conrad State 30 and Physician Access Reauthorization Act

United States · United States Congress · 25 May 2021

Conrad State 30 and Physician Access Reauthorization Act This bill modifies the Conrad 30 Waiver program, which incentivizes qualified foreign physicians to serve in underserved communities. It also extends statutory authority for the program for three years from this bill's enactment. Aliens coming to the United States under a J-1 nonimmigrant visa to receive medical training typically must leave the country and reside for two years abroad before being eligible to apply for an immigrant visa or permanent residence. The Conrad program waives this requirement for individuals who meet certain qualifications, including serving for a number of years at a health care facility in an underserved area. The bill increases the number of waivers that a state may obtain each fiscal year from 30 to 35 if a certain number of waivers were used the previous year, and provides for further adjustments depending on demand. An alien physician may be employed at an academic medical center to meet the Conrad program's employment requirements if the alien's work is in the public interest, even if the medical center is not in an underserved area. Employment contracts for alien physicians under the Conrad program shall contain certain information, such as the maximum number of on-call hours per week the physician shall have to work. Certain alien physicians (along with the physician's spouse and children) shall be exempt from the direct annual numerical limits on immigration, including those physicians that have met certain requirements related to visas for physicians to serve in underserved areas.

Bill· SS. 1817 (117th)referred

Bridge Investment Act of 2021

United States · United States Congress · 25 May 2021

Bridge Investment Act of 20 21 This bill establishes a bridge investment program to award competitive grants to certain governmental entities for projects that improve (1) the condition of bridges; and (2) the safety, efficiency, and reliability of the movement of people and freight over bridges. Among other things, the bill requires grant awards for large projects (projects with total costs of greater than $100 million) to be at least $50 million, and for any other projects not less than $2.5 million; directs the Department of Transportation (DOT) to consider a number of factors in awarding grants, including the extent to which a project demonstrates cost savings by bundling multiple bridge projects; requires DOT to prioritize projects that are located within states for which at least two project applications were submitted in the current fiscal year and an average of two were submitted in prior fiscal years, and fewer than two grants have been awarded for projects within the state; and limits funding for projects that consist solely of culvert replacement or rehabilitation.

Bill· SS. 1802 (117th)referred

Upskilling and Retraining Assistance Act

United States · United States Congress · 25 May 2021

Upskilling and Retraining Assistance Act This bill increases to $12,000 in 2021-2022, the exclusion from employee gross income, for income tax purposes, of employer-paid educational assistance programs. The bill also expands the exclusion to include amounts paid for education-related tools and technology (e.g., hand tools, computers, software, licensure fees).

Bill· SS. 1806 (117th)referred

Biodiesel Tax Credit Extension Act of 2021

United States · United States Congress · 25 May 2021

Biodiesel Tax Credit Extension Act of 2021 This bill extends the income and excise tax credits for biodiesel and renewable diesel used as fuel through 2025.

Bill· SS. 1789 (117th)referred

Warren Cowles Grade Crossing Safety Act

United States · United States Congress · 24 May 2021

Warren Cowles Grade Crossing Safety Act This bill authorizes appropriations for FY2022 to carry out highway-rail grade crossing improvement projects, specifically projects for commuter rail and operators in high-ridership corridors. The authorization level shall be adjusted for FY2023 and each subsequent fiscal year to account for changes in the Consumer Price Index.

Bill· SS. 1788 (117th)referred

Restoring the IRS Act

United States · United States Congress · 24 May 2021

Restoring the IRS Act This bill provides additional appropriations after FY2021 for the expenses of the Internal Revenue Service (IRS) for taxpayer services, enforcement activities, and business systems modernization. The bill establishes new reporting requirements for certain banks or other financial institutions and increases enforcement penalties for accuracy-related underpayments of tax up to a maximum of 40% of the underpayment for taxpayers with taxable incomes greater than $5 million. The IRS must report to Congress annually on plans to shift more of its auditing and enforcement assets toward high-income tax filers. The report must also include a tax gap analysis and a comprehensive analysis and description of whether there are any racial disparities in its enforcement activities or audits. The bill also applies false claims rules to claims, records, or statements made by taxpayers whose gross income equals or exceeds $10 million for the taxable year, and the damages sustained by the government due to such false claims exceed $1 million.

Bill· SS. 1791 (117th)referred

FAST Electricity Act

United States · United States Congress · 24 May 2021

Fueling America's Security and Transportation with Electricity Act of 2021 or the FAST Electricity Act This bill expands the tax credit for plug-in electric drive motor vehicles to include a 30% credit for additional electric transportation options capable of moving passengers, cargo, or property and powered by an integrated, on-board electric propulsion system. It also allows a credit for recharging and hydrogen refueling property and provides loan guarantees for transportation electrification domestic manufacturing facilities.

Bill· HRH.R. 3464 (117th)referred

Zero-Baseline Budget Act of 2021

United States · United States Congress · 21 May 2021

Zero-Baseline Budget Act of 2021 This bill changes the assumptions that the Congressional Budget Office uses to calculate the baseline for discretionary spending. (A baseline is a projection of federal spending and receipts during a fiscal year under current law.) The bill changes the assumptions used for the discretionary spending baseline to exclude emergency and supplemental spending; eliminate adjustments required under current law for inflation, expiring housing contracts, social insurance administrative expenses, pay adjustments, and changes to other personnel benefits; and prohibit other adjustments for inflation or any other factor.

Bill· HJRESH.J.Res. 47 (117th)referred

Proposing an amendment to the Constitution of the United States to require three-fifths majorities for bills increasing taxes.

United States · United States Congress · 20 May 2021

This joint resolution proposes a constitutional amendment to require a three-fifths majority of the whole number of each House of Congress to levy a new tax or increase taxes. The resolution also requires all votes taken by either the House of Representatives or the Senate to be determined by the yeas and nays and names of their members and shall be entered on the journal of each chamber.

Bill· HRH.R. 3382 (117th)referred

Partner with Korea Act

United States · United States Congress · 20 May 2021

Partner with Korea Act This bill creates an E-4 treaty trader visa category for up to 15,000 nationals of South Korea each fiscal year who are coming to the United States solely to perform specialty occupation services, subject to various requirements. The 15,000 limit shall only apply to principal aliens and not the spouses or children of such aliens. (A specialty occupation is one that requires the theoretical and practical application of highly specialized knowledge and a bachelor's degree or higher.)

Bill· HRH.R. 3364 (117th)referred

Truth in Taxation Act of 2021

United States · United States Congress · 20 May 2021

Truth in Taxation Act of 2021 This bill requires any bill, resolution, or amendment that would increase or decrease federal taxes, fees, or similar amounts to include a description of this effect in its long title or heading. A measure's failure to comply results in a point of order that may be raised during the measure's consideration in the House of Representatives or the Senate, in accordance with specified procedures.

Bill· HRH.R. 3404 (117th)referred

FUTURE Western Water Infrastructure and Drought Resiliency Act

United States · United States Congress · 20 May 2021

Furthering Underutilized Technologies and Unleashing Responsible Expenditures for Western Water Infrastructure and Drought Resiliency Act or the FUTURE Western Water Infrastructure and Drought Resiliency Act This bill addresses water-related resources and infrastructure. Among other provisions, the bill reauthorizes through FY2026 the California Bay-Delta program, the Water Availability and Use Science Program, and a water desalination program; reauthorizes through FY2028 the Fisheries Restoration and Irrigation Mitigation program; creates various grants for water projects and expands the allowable uses of grants for water recycling and reuse projects; establishes a funding source for certain water resources development projects in western states; expands the tax exclusion for energy conservation subsidies provided by public utilities to include certain subsidies for water conservation or efficiency measures and stormwater management measures; establishes prizes for water technology applications; requires the U.S. Army Corps of Engineers to use specified funds for water control manual updates for forecast-informed water operations projects; and allows certain funding to be used for the remediation of land formerly used to cultivate marijuana. The Department of the Interior must, within 10 years, make certain streamgages operational. (Streamgages are fixed structures at streams, rivers, lakes, and reservoirs that measure water level and related streamflow.) The bill establishes programs related to ecosystem protection and restoration, including programs to (1) incentivize farmers to keep fields flooded during appropriate periods for waterbird habitat creation and maintenance, and (2) prepare drought plans to sustain critically important fisheries.

Bill· HRH.R. 3440 (117th)open

Sustainable Skies Act

United States · United States Congress · 20 May 2021

Sustainable Skies Act This bill allows a business-related tax credit through 2031 for each gallon of sustainable aviation fuel used by a taxpayer in the production of a qualified mixture (i.e., a mixture of sustainable aviation fuel and kerosene that is sold for use in certain U.S. aircraft). The bill generally defines sustainable aviation fuel as liquid fuel that consists of synthesized hydrocarbons, meets certain recognized international standards, is derived from biomass, waste streams, renewable energy sources, or gaseous carbon oxides, is not derived from palm fatty acid distillates, and achieves at least a 50% life cycle greenhouse gas emissions reduction in comparison with petroleum-based jet fuel. To be eligible for such credit, a taxpayer must meet certification requirements showing that the sustainable aviation fuel conforms with one of the life cycle greenhouse gas emissions reduction tests set forth in this bill.

Bill· HRH.R. 3407 (117th)referred

MOM­MA’s Act

United States · United States Congress · 20 May 2021

Mothers and Offspring Mortality and Morbidity Awareness Act or the MOMMA's Act This bill establishes various programs and requirements to reduce maternal mortality. It also increases federal tobacco taxes and equalizes the tax treatment of different tobacco products. Specifically, the Centers for Disease Control and Prevention (CDC) must provide technical assistance and best practices for collecting data, standardizing reporting, and preventing maternal mortality. The CDC must consult with the Health Resources and Services Administration (HRSA) on this assistance. The bill also provides statutory authority for CDC grants for state-based collaboratives to improve care immediately before and after birth and to improve maternal and infant health outcomes, and a HRSA program to improve the quality and safety of maternity care. Furthermore, the Department of Health and Human Services (HHS) must establish regional centers through health professional schools and training programs to educate health care providers about implicit bias and culturally competent care. In addition, the bill expands eligibility for Medicaid, the Children's Health Insurance Program (CHIP), and other benefits for pregnant and postpartum individuals. Specifically, it extends postpartum eligibility for Medicaid and CHIP for one year; provides coverage for oral health services for pregnant and postpartum individuals under Medicaid and CHIP; and extends postpartum eligibility for the Special Supplemental Nutrition Program for Women, Infants, and Children for two years. HHS must also take steps to publicize the benefits available to pregnant and postpartum individuals under Medicaid and CHIP, and the Centers for Medicare & Medicaid Services must provide guidance on Medicaid coverage for doula services.

Bill· HRH.R. 3437 (117th)referred

LOANS for Biomedical Research Act

United States · United States Congress · 20 May 2021

Long-term Opportunities for Advancing New Studies for Biomedical Research Act or the LOANS for Biomedical Research Act This bill requires the Department of Health and Human Services (HHS), in consultation with the Department of the Treasury, to establish the Biobonds Program to support loans for clinical trials for eligible drugs and medical devices. Specifically, Treasury must contract with institutions to act as fiscal agents to carry out the program. Fiscal agents must (1) purchase loans made to borrowers engaged in eligible biomedical research activities, and (2) sell bonds comprised of such loans. HHS shall guarantee a portion of the bond payments. An eligible borrower under this program is one conducting (or seeking to conduct) research related to a drug or device that is (1) intended to meet an unmet medical need; and (2) under investigation in certain types of controlled clinical trials, including a trial to investigate the safety and effectiveness of the drug or device. HHS must issue rules relating to various aspects of the program, including rules concerning (1) which loans should be prioritized for purchase, (2) the terms and conditions of the loans, and (3) the size of each bond issuance. Treasury must issue rules relating to the program's underwriting practices and compensation for the fiscal agents. The Government Accountability Office must periodically report to Congress on the program, including an analysis of the risk to the government in guaranteeing the bonds.

Bill· HRH.R. 3377 (117th)referred

Gigabit Opportunity Act

United States · United States Congress · 20 May 2021

Gigabit Opportunity Act This bill authorizes the designation of qualified gigabit opportunity zones in low-income communities and provides tax incentives for investments in such zones. Governors may submit nominations for a limited number of qualified gigabit opportunity zones in low-income communities to the Department of the Treasury for certification and designation and must give particular consideration to areas that are facing obstacles to economic development due to a lack of geographic broadband coverage or speed; are the focus of mutually reinforcing state, local, or private economic development initiatives; are poised for economic growth that requires access to high speed broadband for commercial purposes; and represent the areas of a state where such service would result in the highest return on investment. For eligible taxpayers who sell certain broadband services, the bill allows (1) deferrals, reductions, or exemptions from taxes on capital gains invested in certain property used to provide broadband services in a zone; and (2) immediate expensing of the costs of the property. The bill also allows tax-exempt private activity bonds to be used for certain broadband projects in the zones. Within one year of enactment of this bill, the Federal Communications Commission must publish a Uniform Model Broadband Deployment Act containing laws for the state regulation of the deployment of broadband services. Qualified zones must either adopt  the Act or laws comparable to the Act.

Bill· HRH.R. 3395 (117th)referred

Home Energy Savings Act

United States · United States Congress · 20 May 2021

Home Energy Savings Act This bill reinstates and extends through 2028 the tax credit for nonbusiness energy property. It increases the rate of such credit from 10% to 15% and raises the lifetime cap on such credit from $500 to $1,200. The bill increases credit amounts for the investment in energy efficient building property (e.g., electric heat pump water heater, electric heat pump, central air conditioner, or natural gas, propane, or oil water heater) and provides for increased caps on investment in doors and windows in a residence.

Bill· HRH.R. 3417 (117th)referred

Taxpayer Exposure Mitigation Act

United States · United States Congress · 20 May 2021

Taxpayer Exposure Mitigation Act This bill requires the Federal Emergency Management Agency (FEMA) to annually transfer a portion of the risk from the National Flood Insurance Program (NFIP) to private reinsurance or capital markets. The amount of transferred risk must be based on a probable maximum loss target for NFIP established by FEMA each fiscal year.

Bill· HRH.R. 3425 (117th)referred

Saving Gig Economy Taxpayers Act

United States · United States Congress · 20 May 2021

Saving Gig Economy Taxpayers Act This bill modifies requirements for third party settlement organizations to eliminate their reporting requirement with respect to the transactions of their participating payees unless they have earned more than $20,000 on more than 200 separate transactions in an applicable tax period. A third party settlement organization is the central organization that has the contractual obligation to make payments to participating payees (generally, a merchant or business) in a third party payment network. This reverses a provision in the American Rescue Plan Act of 2021 that lowered the reporting threshold to $600 with no minimum on the number of transactions.

Bill· HRH.R. 3427 (117th)referred

To amend the Internal Revenue Code of 1986 to include expenses for certain nonathletic supplies in the above-the-line deduction for eligible educators, and to allow such deduction to interscholastic sports administrators and coaches.

United States · United States Congress · 20 May 2021

This bill modifies the tax deduction for the expenses of an eligible educator (an individual who is a kindergarten through grade 12 teacher, instructor, counselor, principal, or aide in a school for at least 900 hours during a school year) to include as an eligible educator an interscholastic sports administrator or coach. It also eliminates the exclusion of nonathletic supplies for courses of instruction in health or physical education as a deductible expense.

Bill· HRH.R. 3420 (117th)referred

Student Agriculture Protection Act of 2021

United States · United States Congress · 20 May 2021

Student Agriculture Protection Act of 2021 This bill modifies the requirements for calculating taxable income to exclude from the gross income of a student agriculturist up to $5,000 of the gain from the sale or exchange of personal property (including livestock, crops, and agricultural mechanics or shop products) produced or raised by the student agriculturist. A student agriculturist is an individual who is under 22 years of age and is enrolled in (1) an FFA (Future Farmers of America) chapter or a program established by the National FFA Organization; (2) a 4H Club or other program established by 4H; or (3) a student agriculture program that is under the direction or guidance of an agricultural educator, advisor, or club leader.

Bill· HRH.R. 3449 (117th)referred

HIRE Act of 2021

United States · United States Congress · 20 May 2021

Hiring Incentive to Return Employment Act of 2021 or the HIRE Act of 2021 This bill increases the rate of the work opportunity tax credit from 40% to 50% of wages paid to members of the targeted groups eligible for such credit over a two-year period. It also increases to $10,000 the amount of wages taken into account for purposes of the credit.

Bill· HRH.R. 3426 (117th)referred

Democracy Technology Partnership Act

United States · United States Congress · 20 May 2021

Democracy Technology Partnership Act This bill establishes the International Technology Partnership Office, led by the Special Ambassador for Technology, in the Department of State. The office shall advance U.S. technology policy through the creation of an International Technology Partnership with specified foreign countries. Specifically, the office must create a partnership of democratic countries to develop technology governance regimes, with a focus on key technologies such as artificial intelligence and machine learning, 5G telecommunications, semiconductor chip manufacturing, biotechnology, and quantum computing. Partner countries must be democratic countries with advanced technology sectors that have a demonstrated record of trust or an expressed interest in international cooperation and coordination with the United States on defense and intelligence matters. The bill also establishes the International Technology Partnership Fund in the Department of the Treasury. The State Department may use amounts from this fund to support joint research projects from International Technology Partnership member countries and technology investments in third-country markets. The State Department must submit (1) a report on the activities of the office, including information on any cooperative activities, initiatives, or partnerships pursued with U.S. allies and partners; and (2) a national strategy for technology and national security.

Resolution· HRESH.Res. 417 (117th)referred

Recognizing the national debt as a threat to national security.

United States · United States Congress · 20 May 2021

This resolution recognizes that the national debt is a threat to national security and that deficits are unsustainable, irresponsible, and dangerous. It also commits to (1) restoring regular order to the appropriations process, and (2) addressing the fiscal crisis faced by the United States.

Bill· SS. 1757 (117th)referred

Children Have Opportunities in Classrooms Everywhere Act

United States · United States Congress · 20 May 2021

Children Have Opportunities in Classrooms Everywhere Act This bill allows tax-exempt distributions from qualified tuition programs (known as 529 plans) to be used for additional educational expenses in connection with elementary or secondary school. The bill also allows certain federal funds for elementary and secondary education to follow a student from a low-income household to the public school that the student attends or for tax-exempt educational expenses. Under current law, tax-exempt distributions in connection with elementary or secondary school are limited to tuition for a public, private, or religious school. The bill allows these distributions to be used additionally for curriculum and curricular materials, books or other instructional materials, online educational materials, tutoring or educational classes outside the home, testing fees, fees for dual enrollment in an institution of higher education, and educational therapies for students with disabilities. Distributions may also be used for tuition and the purposes above in connection with a home school (whether treated as a home school or a private school under state law). In addition, the bill directs state educational agencies to allocate grant funds to ensure the funding follows students to their public school or for other tax-exempt educational expenses outlined by the bill. Each state that carries out these allocations must establish a plan that allows the parent or guardian of an eligible child to apply for grant funds.

Bill· SS. 1723 (117th)referred

Budgeting for Opioid Addiction Treatment Act

United States · United States Congress · 20 May 2021

Budgeting for Opioid Addiction Treatment Act This bill imposes an excise tax on the sale of any active opioid. The tax is equal to one cent per milligram so sold and it is imposed on the manufacturer, producer, or importer of the opioid. The term active opioid means any controlled substance that is opium, an opiate, or any derivative thereof. The bill provides block grants for substance abuse treatment programs. The Department of Health and Human Services must report on the impact of this bill on (1) the retail cost of active opioids; (2) patient access to such opioids, particularly cancer and hospice patients; and (3) the use of tax revenues to improve substance abuse treatment efforts. The report must also make suggestions for improving access to opioids for cancer and hospice patients and substance abuse treatment efforts.

Bill· SS. 1753 (117th)referred

Home Energy Savings Act

United States · United States Congress · 20 May 2021

Home Energy Savings Act This bill reinstates and extends through 2028 the tax credit for nonbusiness energy property. It increases the rate of such credit from 10% to 15% and raises the lifetime cap on such credit from $500 to $1,200. The bill increases credit amounts for the investment in energy efficient building property (e.g., electric heat pump water heater, electric heat pump, central air conditioner, or natural gas, propane, or oil water heater) and provides for increased caps on investment in doors and windows in a residence.

Bill· SS. 1770 (117th)referred

Retirement Security and Savings Act of 2021

United States · United States Congress · 20 May 2021

Retirement Security and Savings Act of 2021 This bill modifies various tax policies, credits, and requirements that apply to employer-provided retirement plans and Individual Retirement Accounts.

Bill· SS. 1777 (117th)referred

Don't Weaponize the IRS Act

United States · United States Congress · 20 May 2021

Don't Weaponize the IRS Act This bill codifies regulations promulgated by the Trump Administration exempting certain tax-exempt organizations from specified reporting requirements. Specifically the bill increases from $5,000 to $50,000 the gross receipts threshold used to determine the eligibility of tax-exempt organizations for the exemption from certain disclosure and reporting requirements; expands the definition of organization to include tax-exempt charitable organizations and organizations with no significant activities relating to lobbying, political activity, and the operation of a trade or business; exempts from disclosure the names and addresses of contributors to an organization in its annual informational return; and extends exemptions from reporting requirements to political action committees (i.e., 527 organizations).

Bill· HRH.R. 3339 (117th)referred

National Infrastructure Bank Act of 2021

United States · United States Congress · 19 May 2021

National Infrastructure Bank Act of 2021 This bill creates the National Infrastructure Bank to facilitate the long-term financing of infrastructure projects. Specifically, the bank must provide loans to public and private entities for financing, developing, or operating eligible infrastructure projects. An eligible project must have a public sponsor as well as local, regional, or national significance. The bill treats the bank as a government corporation exempt from tax and treats contributions to the bank as charitable contributions. The bill also provides for criteria and preferences for deciding whether to provide a loan, such as whether a project promotes job creation or provides environmental benefits. Projects that receive a loan must (1) pay all laborers and mechanics locally prevailing wages, and (2) use only certain U.S.-produced construction materials unless a waiver is secured from the bank. The bank shall issue stock and may also issue bonds and maintain a discount line of credit with the Federal Reserve System. The bank must apply for a national bank charter and, once chartered, accept deposits from individuals, corporations, and public entities and pay interest on those deposits. The bill imposes requirements related to the bank's operation, such as minimum reserve requirements and requirements for handling loan losses. In addition, the bank must facilitate the organization of at least seven regional economic accelerator planning groups to, among other activities, identify infrastructure needs and priorities. Within five years, the Government Accountability Office must report on the bank's activities.

Bill· HRH.R. 3329 (117th)referred

Small Transit Communities Modernization Act

United States · United States Congress · 19 May 2021

Small Transit Communities Modernization Act This bill modifies the definition of eligible area for purposes of the grant program under the small transit intensive cities formula to include an urbanized area with a population of at least 200,000, but not more than 999,999. The modification extends through FY2030. Before apportioning grant funds for any urbanized area that is no longer an eligible area due to a change in population, the Department of Transportation must apportion to such area, for three fiscal years, an amount equal to half of the funds the area received in the previous fiscal year.

Bill· HRH.R. 3331 (117th)referred

Taxpayer Receipt Act

United States · United States Congress · 19 May 2021

Taxpayer Receipt Act This bill requires the Department of the Treasury to provide taxpayers with a one-page document that contains information regarding the federal budget for the most recently completed fiscal year. The document must include total outlays during the year, total revenues collected during the year, the deficit or surplus for the year, and the total debt held by the public.

Bill· HRH.R. 3357 (117th)referred

Rural Jobs Act

United States · United States Congress · 19 May 2021

Rural Jobs Act This bill allocates an additional $500 million in 2021 and 2022 for new markets tax credit investments in the Rural Jobs Zone (an area comprised of low-income communities with populations not greater than 50,000 that are not adjacent to an urbanized area). The bill also requires that at least 25% of such investments be made in areas that are persistent poverty counties, high migration rural counties, or both.

Bill· SS. 1706 (117th)referred

Taxpayer Receipt Act

United States · United States Congress · 19 May 2021

Taxpayer Receipt Act This bill requires the Department of the Treasury to provide taxpayers with a one-page document that contains information regarding the federal budget for the most recently completed fiscal year. The document must include total outlays during the year, total revenues collected during the year, the deficit or surplus for the year, and the total debt held by the public.

Bill· SS. 1703 (117th)referred

Improving Access to Retirement Savings Act

United States · United States Congress · 19 May 2021

Improving Access to Retirement Savings Act This bill allows employers who establish a tax-exempt 403(b) pension plan to participate in a multiple employer plan (MEP) and to take the small employer pension plan start-up tax credit for their first three years of participation in a MEP. The bill also establishes a safe harbor to allow certain pension plans to correct errors in administering automatic enrollment and escalation features for plans enrolling in a MEP, if such errors are corrected within a specified time period in a manner favorable to plan participants. It also permits employers that amend a stock bonus, pension, profit sharing, or annuity plan for a previous plan year to increase benefits accruals to elect to treat such amendment as having been adopted at the end of the current plan year.

Bill· SS. 1707 (117th)referred

Audit the Pentagon Act of 2021

United States · United States Congress · 19 May 2021

Audit the Pentagon Act of 2021 This bill requires the Department of Defense (DOD) to reduce spending for any department, agency, or other DOD element that DOD determines has not achieved an unqualified opinion on its full financial statements for the calendar year ending during that fiscal year. Specifically, the amount available to such department, agency, or element for the fiscal year when the determination is made must be 1% less than the amount otherwise authorized to be appropriated. Amounts unavailable to such department, agency, or element must be applied on a pro rata basis against each program, project, and activity. DOD must deposit such unavailable amounts in the general fund of the Department of the Treasury for purposes of deficit reduction.

Bill· SS. 1704 (117th)referred

Telehealth Expansion Act of 2021

United States · United States Congress · 19 May 2021

Telehealth Expansion Act of 2021 This bill makes permanent the exemption for telehealth services from certain high deductible health plan rules.

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