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701 records in US in 2010

Records

Bill· SS. 3122 (111th)open

Open EAJA Act of 2010

United States · United States Congress · 16 March 2010

Open EAJA Act of 2010 - Directs the Attorney General to issue an annual online report to Congress and the public on the amount of attorney fees and other expenses awarded during the preceding fiscal year pursuant to the law commonly known as the Equal Access to Justice Act (EAJA). Directs the Comptroller General to commence an audit of the Equal Access to Justice Act for 1995 through the end of the calendar year in which this Act is enacted, and report to Congress on the audit results.

Law· HRH.R. 4853 (111th)enacted

Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

United States · United States Congress · 16 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.

Bill· HRH.R. 4849 (111th)referred

Small Business and Infrastructure Jobs Tax Act of 2010

United States · United States Congress · 16 March 2010

Small Business and Infrastructure Jobs Tax Act of 2010 - Amends the Internal Revenue Code to: (1) allow a 100% exclusion from gross income of gain from the sale of qualified small business stock acquired after March 15, 2010, and before January 1, 2012; (2) limit the penalty for failure to disclose a reportable transaction (a transaction determined by the Internal Revenue Service (IRS) as having a potential for tax avoidance or evasion) to 75% of the decrease in tax resulting from such transaction; (3) revise the definition of "qualified nonrecourse financing" to include qualified nonrecourse real property or Small Business Investment Company financing as amounts at risk for purposes of determining the deductibility of losses from certain investment activities, including farming, leasing, and energy exploration; (4) increase in 2010 and 2011 the tax deduction for business start-up expenditures; (5) extend through June 30, 2013, the period for issuing Build America Bonds; (6) exempt private activity bonds for sewage and water supply facilities from the state volume caps applicable to such bonds; (7) extend through 2011 the exemption from alternative minimum tax (AMT) treatment of interest on certain tax-exempt bonds; (8) allow elective payments in lieu of low-income housing tax credits for low-income buildings financed by tax-exempt bonds; (9) extend through 2011 the period for issuing recovery zone bonds; and (10) allow an full offset against the AMT for new market tax credit amounts. Sets forth revenue-raising provisions, including: (1) a prohibition of any reduction of tax withholding for payments made by a U.S. subsidiary of a foreign parent corporation to a related subsidiary in any country that has a tax treaty with the United States, except for payments made directly to the foreign parent corporation; (2) recognition of gain from the transfer of securities of a controlled corporation in a reorganization; (3) the repeal of tax treatment as foreign source income of interest and dividends paid by certain resident alien individuals and U.S. corporations; (4) treating rental income from real estate as a trade or business activity for tax reporting purposes; (5) expanding the continuous tax levy on payments to vendors for good and services to include payments for all property, goods, or services and for delinquent employment taxes owed by such vendors; (6) revising requirements for grantor retained annuity trusts to require a minimum 10-year period for payments from such trusts; and (7) increasing tax penalties for failure to file correct information returns and for the intentional disregard of reporting requirements. Requires the Commissioner of Internal Revenue to report by December 31, 2010, and then annually to the House Committee on Ways and Means and the Senate Committee on Finance on penalties relating to tax shelters and reportable transactions.

Bill· HRH.R. 4859 (111th)referred

Hire A Hero Act of 2010

United States · United States Congress · 16 March 2010

Hire A Hero Act of 2010 - Amends the Internal Revenue Code to allow certain employers a work opportunity tax credit for hiring members of the Ready Reserve or National Guard.

Bill· HRH.R. 4856 (111th)referred

Forecast for the Future Act of 2010

United States · United States Congress · 16 March 2010

Forecast for the Future Act of 2010 - Requires the President's budget to Congress to include a detailed, separate analysis and display, by budget function, agency, and program, of the net present value of future costs of each entitlement program for the fiscal year for which the budget is submitted and each of the four ensuing fiscal years. Amends the Congressional Budget Act of 1974 (CBA) to require concurrent budget resolutions to include, for display purposes only and for each entitlement program, the net present value of the future costs of the program over a 75-year time frame. Directs the congressional budget committees to hold hearings in each Congress with a goal of developing a plan to restore the government to a sustainable long-term fiscal path. Requires the Director of the Office of Management and Budget (OMB) to submit to the President and Congress a report listing: (1) the fiscal exposures of the government; and (2) the net present value of the future costs of the program over a 75-year time frame. Amends the CBA to require the Director of the Congressional Budget Office (CBO) to submit a similar report to Congress.

Bill· HRH.R. 4850 (111th)referred

American Job Creation and Investment Act

United States · United States Congress · 16 March 2010

American Job Creation and Investment Act - Amends the Internal Revenue Code to allow a corporation to elect in 2010 and 2011 to increase its alternative minimum tax (AMT) credits by a specified credit adjustment amount for purposes of increasing its U.S. workforce and making investments in business equipment. Allows a similar election for a taxable year which includes December 31, 2009, with certain restrictions. Terminates such additional credit allowance after December 31, 2011.

Bill· SS. 3113 (111th)open

Refugee Protection Act of 2010

United States · United States Congress · 15 March 2010

Refugee Protection Act of 2010 - Amends the Immigration and Nationality Act to eliminate the one-year time limit for filing an asylum claim. Revises the definition of terrorist activity for purposes of alien inadmissibility. Excludes coerced activity from such definition. Revises: (1) the definition of refugee; and (2) the criteria for granting asylum. Authorizes the Attorney General to appoint counsel to represent an alien in a removal proceeding. Prohibits an alien from being removed during the 30-day petition for review period unless the alien indicates in writing that he or she wishes to be removed before the expiration of such period. Makes discretionary certain currently required detention provisions regarding arriving aliens who request asylum. Directs the Secretary of Homeland Security (DHS) to: (1) establish a secure alternatives to detention program; (2) establish specified conditions of detention; (3) file notice of immigration charges with the court and the individual within 48 hours of detention; and (4) establish procedures to ensure the accuracy of statements taken by DHS employees exercising expedited removal authority. Authorizes the United States Commission on International Religious Freedom to conduct a study to determine whether certain immigration officers are properly handling asylum and removal/detention authority with regard to aliens apprehended after entering the United States. Eliminates the one-year waiting period before a refugee or asylee may petition for permanent legal resident status. Exempts aliens under the age of 18 from certain restrictions on applying for asylum. Permits applicants for refugee admission to simultaneously pursue other forms of admission. Authorizes the spouse or child of a refugee or asylee to bring his or her accompanying or following child into the United States as a refugee or asylee. States that if the President does not issue a refugee allocation determination before the beginning of a fiscal year the number of refugees that may be admitted in each quarter shall be 25% of the number of refugees admissible during the previous fiscal year. Authorizes the Secretary of State to designate certain groups as eligible for expedited refugee adjudication. Directs the Secretary of State to notify Congress regarding the amount of funds that will be provided in Reception and Placement Grants in the coming fiscal year. Authorizes the Secretary of Health and Human Services (HHS) to make grants to nonprofit organizations to assist refugees in obtaining immigration benefits. Sets forth protections for: (1) aliens interdicted at sea; and (2) stateless persons in the United States.

Bill· HRH.R. 4844 (111th)referred

To ensure that amounts credited to the Harbor Maintenance Trust Fund are used for harbor maintenance.

United States · United States Congress · 15 March 2010

Requires the total budget resources for expenditures from the Harbor Maintenance Trust Fund for harbor maintenance programs to equal the level of receipts plus interest credited to such Fund for that fiscal year. Limits the use of such resources to such programs only. Declares that it shall be out of order in the House of Representatives or the Senate to consider any bill, joint resolution, amendment, motion, or conference report that would cause total budget resources for the Fund in a fiscal year for harbor maintenance programs to be less than the level of receipts plus interest credited to the Fund for that fiscal year.

Bill· HRH.R. 4848 (111th)referred

Tax Cut Job Creation Act of 2010

United States · United States Congress · 15 March 2010

Tax Cut Job Creation Act of 2010 - Amends the Internal Revenue Code to reduce the income tax rate for corporations that make charitable contributions to certain tax-exempt educational organizations. Terminates such tax reduction after 2014.

Bill· HRH.R. 4837 (111th)referred

School Accountability Improvement Act of 2010

United States · United States Congress · 12 March 2010

School Accountability Improvement Act of 2010 - Amends the Elementary and Secondary Education Act of 1965 (ESEA) to alter requirements for adequate yearly progress (AYP) assessments of student groups by: (1) allowing states to vary the number of students sufficient for such an assessment from local educational agency (LEA) to LEA and from school to school; (2) lowering the percentage of students in a failing group who must show improvement from the preceding year for a school to avoid corrective action; (3) changing the method of counting students in more than one group; (4) allowing states to use alternative methods of defining AYP; (5) allowing states to use a combination of AYP assessments; (6) exempting a higher percentage of students from such assessments; (7) giving states greater flexibility in the use of alternative assessments for disabled students and those not proficient in English; (8) allowing states to continue to include students in the disabled and limited English proficient student groups for three years after their status as disabled or limited English proficient ends; and (9) allowing multiple assessments of the same student prior to the following school year and measurement of the achievement of students as if they were in their prior grade. Provides that a state's intermediate academic achievement goals need not increase in equal increments for all groups. Permits states to adopt alternative calculations of graduation and dropout rates to account for students who do not graduate on time, but are still enrolled in school or are receiving a postsecondary education. Authorizes the Secretary of Education to conduct research regarding, and make grants to states to develop and implement, AYP standards that: (1) meet the expectation that students be prepared for postsecondary education or the workplace; and (2) are consistent with high caliber standards in other countries. Gives states certain incentives to adopt such standards. Requires that states be given maximum flexibility in devising academic improvement plans. Limits the implementation of sanctions to schools and LEAs that fail AYP standards in the same subject for the same group for two consecutive school years, and the provision of school transfers and supplemental services to students in the group who failed AYP standards. Provides further exceptions to and conditions on the application of corrective actions. Involves LEAs in the choice and critique of supplemental service providers as well as the provision of such services. Authorizes states, LEAs, and schools to defer implementation of certain corrective actions in any fiscal year when the amount appropriated under ESEA and the Individuals with Disabilities Act does not equal or exceed a specified authorized amount. Applies AYP assessments to private schools receiving benefits under ESEA. Allows states to deny such benefits to private schools that fail state AYP standards for three consecutive years and underperform local public schools.

Bill· HRH.R. 4841 (111th)referred

Small Business Tax Relief and Job Growth Act of 2010

United States · United States Congress · 12 March 2010

Small Business Tax Relief and Job Growth Act of 2010 - Amends the Internal Revenue Code to: (1) increase the tax deduction for business start-up expenditures; (2) allow expensing in 2010 and 2011 of improvements to real property and structural improvements to buildings used in a trade or business; and (3) reduce from 35% to 15% the alternative tax on the net capital gains of C corporations with annual gross receipts of not more than $15 million.

Resolution· HRESH.Res. 1177 (111th)referred

Amending the Rules of the House of Representatives to prohibit congressional earmarks, limited tax benefits, and limited tariff benefits.

United States · United States Congress · 12 March 2010

Amends Rule XXI (Restrictions on Certain Bills) of the Rules of the House of Representatives to make it out of order in the House to consider legislation reported or not reported by any committee, or any amendment or conference report (including any joint explanatory statement), that includes a congressional earmark or limited tax or tariff benefit. Amends Rule XIII (Calendars and Committee Reports) to prohibit the House Committee on Rules from reporting a rule or order that would waive such point of order.

Resolution· HRESH.Res. 1176 (111th)referred

Amending the Rules of the House of Representatives to ban congressional earmarks, limited tax benefits, and limited tariff benefits.

United States · United States Congress · 12 March 2010

Amends Rule XXI (Restrictions on Certain Bills) of the Rules of the House of Representatives to make it out of order in the House to consider legislation reported or not reported by any committee, or any amendment or conference report (including any joint explanatory statement), that includes a congressional earmark or limited tax or tariff benefit. Requires the House Committee on the Budget to determine whether a measure or matter contains any congressional earmark or limited tax or tariff benefit, relying, if it chooses, on information supplied by the Congressional Budget Office (CBO).

Bill· SS. 3108 (111th)referred

Children's Budget Act

United States · United States Congress · 11 March 2010

Children's Budget Act - Requires the President's annual budget to Congress to include a detailed, separate analysis for the prior fiscal year, the current fiscal year, the fiscal year for which the budget is submitted, and the ensuing fiscal year identifying the amounts of gross and net appropriations or obligational authority and outlays directed to children and children's programs within the United States and territories.

Bill· SS. 3106 (111th)referred

Nonprofit Mortgage Licensing Clarification Act of 2010

United States · United States Congress · 11 March 2010

Nonprofit Mortgage Licensing Clarification Act of 2010 - Amends the S.A.F.E. Mortgage Licensing Act of 2008 to permit a state to exempt from certain registration or licensing requirements any charitable organization exempt from federal tax (including their employees and agents acting as loan originators), if the organization: (1) executes loan originations in order to promote or facilitate homeownership for certain low-income, disabled, or other disadvantaged persons or families; (2) offers loans at interest rates lower than the bank prime loan rate, or that are no-interest loans or loans with interest rates significantly below those for loans to purchase generally available single-family housing; and (3) does not otherwise engage in the business of a loan originator or mortgage broker.

Bill· HRH.R. 4825 (111th)referred

To direct unused appropriations for Members' Representational Allowances to be deposited in the Treasury and used for deficit reduction or to reduce the Federal debt.

United States · United States Congress · 11 March 2010

Requires any amounts remaining of House Members' Representational Allowances after all payments are made for the year to be deposited in the Treasury and used for deficit reduction or, in fiscal years for which there is no federal budget deficit, to reduce the federal debt.

Bill· HRH.R. 4831 (111th)referred

Earmark Reform Act of 2010

United States · United States Congress · 11 March 2010

Earmark Reform Act 2010 - Amends the Congressional Budget of 1974 to subdivide amounts allocated to the congressional appropriations committees into: (1) a specified total of new budget authority and outlays for earmarks in appropriations measures for the first fiscal year of the first concurrent budget resolution; and (2) an amount of total new budget authority and outlays for such earmarks for the first fiscal year of each ensuing budget resolution equal to 1% of total new budget authority and total outlays allocated to such committees. (Thus caps total earmarks at 1% of total new budget authority and total outlays allocated each fiscal year to such committees.) Makes it out of order in the House of Representatives or the Senate to consider any bill, joint resolution, or amendment if its enactment would cause the applicable allocation of new budget authority or outlays for a fiscal year to be exceeded.

Bill· HRH.R. 4830 (111th)referred

Women WIN Jobs

United States · United States Congress · 11 March 2010

Women and Workforce Investment for Nontraditional Jobs or Women WIN Jobs - Requires the Secretary of Labor, in any fiscal year in which the total authorization of appropriations to carry out this Act exceeds $50 million, to allocate grants to states with approved state plans to provide funding to eligible entities (partnerships) to increase low-income women's participation in high-wage, high-demand occupations in which women make up less than 25% of the current workforce. Authorizes states to use grants for statewide activities, including to: (1) provide technical assistance to eligible entities and to state registered apprenticeship programs and sponsors and joint apprenticeship training councils in meeting their enrollment goal for low-income women in nontraditional occupations; (2) develop policies and protocols that set goals for hiring specific percentages of women into registered apprenticeships and permanent employment openings in publicly assisted projects; and (3) engage in outreach activities and provide training to overcome stereotypes about women in nontraditional occupations as well as gender inequity among employers. Authorizes the allocation of grant funds to eligible entities to support the recruitment, training, placement, and retention of low-income women in nontraditional occupations. Directs the Secretary to convene a national commission to examine and make recommendations for improving the status of women in high-demand, high-wage nontraditional occupations. Directs the Bureau of Labor Statistics (BLS) to collect data on the status of women's participation in underrepresented sectors of the economy, and examine the status of women in relation to that of men. Directs the Secretary to establish a national clearinghouse to collect and distribute best practices.

Bill· HRH.R. 4826 (111th)referred

Responsible Homeowner Relief Act of 2010

United States · United States Congress · 11 March 2010

Responsible Homeowner Relief Act of 2010 - Amends the Internal Revenue Code to allow an individual taxpayer a deduction from gross income for loss from the sale or exchange of a principal residence in which such taxpayer resided for at least two years during the five-year period prior to the sale. Limits the aggregate amount of such deduction to $9,000, allowable in three annual installments of $3,000. Terminates such deduction after 2012. Requires the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to waive any short sale waiting period requirement for certain mortgagors who refinance their mortgage in a short sale. Terminates such waiver authority on January 1, 2013.

Bill· SS. 3103 (111th)referred

Small Business Job Creation Act of 2010

United States · United States Congress · 10 March 2010

Small Business Job Creation Act of 2010 - Amends the Internal Revenue Code to: (1) extend an increase in expensing of certain depreciable business assets; and (2) provide an increased exclusion from realized gain for certain small business stock. Repeals: (1) the minimum tax preference for gains on the sale of certain small business stock; and (2) the 28% capital gains rate on qualified small business stocks. Increases the aggregate asset limitation for qualified small businesses. Small Business Job Creation and Access to Capital Act of 2010 - Amends the Small Business Act to increase maximum amounts of loans under the following Small Business Administration (SBA) loan programs: (1) the section 7(a) (general small business loans) guaranteed loan program; (2) the section 504 (state and local development company) program; and (3) the Microloan (small-scale loans to start-up, newly-established, and growing small businesses) program. Amends the Small Business Investment Act of 1958 to apply single-business investment limits to SBA-recognized new markets venture capital companies. Directs the SBA Administrator to establish for prospective borrowers an alternative small business size standard that uses maximum tangible net worth and average net income as an alternative to the use of industry standards. Expresses the sense of Congress that the Administrator should establish a website that lists SBA lenders and provides loan rate information, and allows prospective borrowers to compare rates on SBA-guaranteed loans. Amends provisions of the Small Business Investment Act of 1958 relating to the local development business loan program to allow a small business borrower to refinance a qualifying previous business debt or the financing of certain business expenses. Allows the Administrator to provide additional financing under such program for a borrower that meets certain job creation or retention goals. Provides an alternate job retention goal for which a borrower may qualify. Small Business Export Enhancement and International Trade Act of 2010 - Revises provisions concerning the establishment within the SBA of the Office of International Trade (Office) to, among other things: (1) make the Associate Administrator for International Trade the head of the Office; (2) require the Associate Administrator to carry out all SBA responsibilities regarding international trade; and (3) revise Associate Administrator duties with respect to maintaining a trade distribution network, promoting export sales opportunities and establishing export goals, and disseminating export information and assistance to small businesses. Directs the Administrator to: (1) establish an export and trade counseling certification program to certify employees providing export assistance to small businesses; and (2) develop performance measures to support small business export goals; and (3) carry out a program for the resolution of trade disputes or unfair international trade practices. Provides for the establishment of export finance specialists within export assistance centers. Increases loan limits and participation levels under international trade finance and export programs. Directs the Associate Administrator to establish the State Trade and Export Promotion Grant Program. Requires a report from the Administrator to the congressional small business committees on small business rural export promotion. Job Impact Analysis Act of 2010 - Amends the Congressional Budget and Impoundment Control Act of 1974 to require the Director of the Congressional Budget Office (CBO), for each bill or joint resolution of a public character, to prepare and submit to the committee a statement containing specified information regarding potential job creation or job loss as a result of mandates in the bill or resolution. Amends the Regulatory Flexibility Act to require: (1) each initial regulatory flexibility analysis to estimate the economic impact of the proposed rule on small businesses; (2) an agency to notify the SBA Chief Counsel for Advocacy of any draft rules that may have a significant economic impact on a substantial number of small businesses; (3) each final regulatory flexibility analysis to include the agency's response to any comments filed by the Chief Counsel in response to the proposed rule; and (4) the agency to publish the final regulatory flexibility analysis on its website. Requires each agency to place on its website its plan for the periodic review of rules. Directs the agency, in reviewing the rules, to consider specified factors, including the continued need for the rule, the nature of complaints received, and the rule's complexity and current impact. Requires: (1) the SBA's Office of Advocacy to carry out responsibilities concerning the analysis of regulatory functions; (2) each federal budget to include a separate statement of amounts requested for the Office; and (3) the SBA Administrator to provide the Office with appropriate and adequate office space, budget, equipment, and services. Appropriates funds for SBA small business development centers through 2011. Authorizes the Administrator to waive through 2011 the requirement that women's business centers obtain non-federal funds for technical assistance and counseling activities.

Bill· SS. 3096 (111th)referred

Economic Disaster Prevention Act of 2010

United States · United States Congress · 10 March 2010

Economic Disaster Prevention Act of 2010 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to establish non-defense discretionary spending limits for FY2011-FY2020. Prohibits the total level of direct spending for all direct spending programs, projects, and activities for FY2011-FY2020 from exceeding the respective total levels for the previous fiscal year after the direct spending for each such program, project, or activity is increased by a specified calculation. Requires the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO) to issue non-defense discretionary spending limit and direct spending limit sequestration preview reports, including updates. Requires the OMB report to explain: (1) any differences between OMB and CBO estimates of any net direct spending change, any excess deficit, any breach, and any required sequestration percentage; and (2) differences in the amount of sequesterable resources for any budget account to be reduced if such difference is greater than $5 million. Requires the President to issue a sequestration order, effective on issuance, if OMB in its Final Sequestration Report estimates that any sequestration is required. Requires the Comptroller General, upon request of the congressional budget committees, to report to Congress and the President on the extent to which each such issued presidential order or OMB or CBO report complies with all of the requirements contained in this Act. Requires CBO to send Congress a low-growth report if real economic growth is projected or estimated to be less than zero with respect to each of any two consecutive quarters within a specified period. Amends the Congressional Budget Act of 1974 with respect to enforcement mechanisms for: (1) non-defense discretionary spending limits; (2) direct spending limits; and (3) sequestration orders. Amends the Gramm-Rudman-Hollings Act to prescribe administrative and legislative procedures for spending reduction orders to eliminate breaches of non-defense discretionary spending limits and direct spending limits. Makes it out of order to consider in the Senate or the House of Representatives any legislation that increases the level of direct spending for an existing program or creates new direct spending unless it provides that the increased or new direct spending expires 10 years after its effective date.

Law· HRH.R. 4783 (111th)enacted

Claims Resolution Act of 2010

United States · United States Congress · 9 March 2010

Treats cash contributions made after February 26, 2010, and on or before April 15, 2010, for the relief of earthquake victims in Chile as having been made on December 31, 2009, for purposes of the tax deduction for charitable contributions. Deems a contribution as meeting the recordkeeping requirements of the Internal Revenue Code if the taxpayer produces a telephone bill showing the name of the donee organization and the date and amount of the contribution. Extends from March 1, 2010, through April 15, 2010, the period in which cash contributions for the relief of earthquake victims in Haiti will be deemed to have been made on December 31, 2009, for purposes of the the tax deduction for charitable contributions. Designates this Act as an emergency requirement, thus exempting its provisions from the pay-as-you-go requirement of budget neutrality.

Bill· HRH.R. 4790 (111th)open

Shareholder Protection Act of 2010

United States · United States Congress · 9 March 2010

Shareholder Protection Act of 2010 - Amends the Securities Exchange Act of 1934 to require that any solicitation of a proxy, consent, or authorization with respect to any security of an issuer: (1) describe the specific nature and total amount of expenditures proposed for political activities for the forthcoming fiscal year; and (2) provide for a separate shareholder vote to authorize such proposed expenditures. Prohibits an issuer from making an expenditure for political activities in any fiscal year unless: (1) such expenditure is of the nature of those proposed by the issuer according to the requirements of this Act; and (2) authorization for such expenditure has been granted by votes representing a majority of outstanding shares. Deems a violation of this requirement to be a breach of the fiduciary duty of the officers and directors who authorized such expenditure. Subjects officers and directors who authorize the expenditure without prior shareholder authorization to joint and several liability to any shareholder or class of shareholders for the amount of such expenditure. Requires certain institutional investment managers to disclose annually in mandatory reports how they voted (proxies) in certain shareholder votes. Prohibits any person from bringing any civil, criminal, or administrative action against an institutional investment manager, or any of its employees, officers, or directors, based solely upon the investment manager's decision to divest from, or not to invest in, securities of an issuer because of expenditures for political activities made by that issuer. Requires the Securities and Exchange Commission (SEC) to direct the national securities exchanges and national securities associations to prohibit the listing of any equity security of an issuer whose corporate bylaws do not expressly provide for a vote of the issuer's directors on any individual expenditure for political activities in excess of $50,000. Requires an issuer to make public, within 48 hours, the individual votes of the directors regarding any such expenditure. Directs the SEC to: (1) require issuers to disclose expenditures for political activities made during the preceding quarter and the individual votes by board members authorizing such expenditures; and (2) make such reports publicly available through the SEC website. Requires the Comptroller General to make annual studies of: (1) the compliance by public corporations and their management with the requirements of this Act; and (2) the effectiveness of SEC oversight of its reporting and disclosure requirements.

Resolution· HRESH.Res. 1147 (111th)referred

Amending the Rules of the House of Representatives to require a Member, Delegate, or Resident Commissioner to hold an explanatory public meeting prior to the submission of congressional earmark requests.

United States · United States Congress · 9 March 2010

Amends Rule XXIII (Code of Official Conduct) of the Rules of the House of Representatives to prohibit a Member, Delegate, or Resident Commissioner (Member) from submitting a request for a congressional earmark without first holding a public meeting to review such request. Requires such meeting to: (1) be open to coverage by the press; and (2) provide a forum for constituent participation, either in person or through teleconference, web conference, or internet chat. Requires a Member requesting a congressional earmark or limited tax or tariff benefit in any bill or joint resolution (or an accompanying report) or in any conference report (or joint explanatory statement) to provide a written statement to the chair and ranking minority member of the committee of jurisdiction certifying that the Member has complied with the requirements of this resolution.

Bill· SS. 3083 (111th)referred

Main Street Revitalization Act of 2010

United States · United States Congress · 5 March 2010

Main Street Revitalization Act of 2010 - Amends the Internal Revenue Code to: (1) allow small businesses to elect a 10-year carryback of net operation losses incurred in 2010 and 2011; (2) make permanent the increased ($250,000) expensing allowance for depreciable business assets; (3) expand the types of assets eligible for expensing; and (4) increase the tax deduction for business start-up expenditures.

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