Taxation

Pay for War Resolution

United States · United States Congress · 6 April 2011

Pay for War Resolution - Makes it out of order in the Senate to consider budget authority for overseas contingency operations if it increases the on-budget deficit over the period of the budget year and the ensuing nine fiscal years. Considers budget authority provided in legislation for overseas contingency operations deficit neutral if such authority: (1) is considered subsequent to an Act of Congress raising revenue for the designated purpose of paying for such operations, or (2) includes new reductions in spending authority. States that the following amounts are not required to be offset with respect to the overseas contingency operations in Iraq and Afghanistan: (1) for FY2012, $118 billion; and (2) for FY2013-FY2016, an amount equal to the President's budget request for a particular fiscal year. Permits waiver or suspension of this resolution, or successful appeals from rulings of the Chair, only by an affirmative vote of three-fifths (60) of the Senate.

To authorize the Architect of the Capitol to establish battery recharging stations for privately owned vehicles in parking areas under the jurisdiction of the House of Representatives at no net cost to the Federal Government.

United States · United States Congress · 6 April 2011

Makes funds appropriated to the Architect of the Capitol (AOC) for the Capitol power plant in any fiscal year available to construct, operate, and maintain on a reimbursable basis battery recharging stations in parking areas under the jurisdiction of the House of Representatives on Capitol grounds for use by privately owned vehicles used by: (1) Members of the House, or (2) employees whose pay is disbursed by the Chief Administrative Officer of the House or any other individuals authorized to park in any parking area under House jurisdiction on Capitol grounds (covered employees). Requires the Architect to charge Members and covered employees fees for the electricity sufficient to cover costs, including those to any vendors or other costs associated with maintaining the battery recharging stations.

Rural Hospital Protection Act

United States · United States Congress · 6 April 2011

Rural Hospital Protection Act - Amends title XVIII (Medicare) of the Social Security Act to direct the Secretary of Health and Human Services (HHS), in determining reasonable costs for reimbursements to critical access hospitals (CAHs) after January 1, 2004, to include certain health care related taxes as allowable costs. Prohibits any offset, in computing such costs, against tax assessments paid by such a hospital of amounts the hospital receives from a state, if the Secretary has not determined that a hold harmless provision, meeting specified criteria, is in effect with respect to the health care related tax.

Homeowner Tax Fairness Act of 2011

United States · United States Congress · 6 April 2011

Homeowner Tax Fairness Act of 2011- Amends the Internal Revenue Code to: (1) make permanent the standard tax deduction for real property taxes available to taxpayers who do not otherwise itemize their deductions; and (2) repeal the $500 limitation on such deduction. Makes this Act applicable to taxable years beginning after December 31, 2009.

Geothermal Tax Parity Act of 2011

United States · United States Congress · 6 April 2011

Geothermal Tax Parity Act of 2011 - Amends the Internal Revenue Code to allow through 2016 a 30% energy tax credit for investment in geothermal energy property.

New Alternative Transportation to Give Americans Solutions Act of 2011

United States · United States Congress · 6 April 2011

New Alternative Transportation to Give Americans Solutions Act of 2011 - Amends the Internal Revenue Code to: (1) allow an excise tax credit through 2016 for alternative fuels and fuel mixtures involving compressed or liquefied natural gas; (2) allow an income tax credit through 2016 for alternative fuel motor vehicles powered by compressed or liquefied natural gas and make Indian tribal governments eligible for such credit; (3) modify the tax credit percentage for alternative fuel vehicles fueled by natural gas or liquefied natural gas; (4) allow a new tax credit for the production of vehicles fueled by natural gas or liquefied natural gas; and (5) extend through 2016 the tax credit for alternative fuel vehicle refueling property expenditures for refueling property relating to compressed or liquefied natural gas and allow an increased credit for such property. Requires the Secretary of Energy to provide funding to improve the performance, efficiency, and integration of natural gas powered motor vehicles and heavy-duty on-road vehicles. Authorizes the Secretary to make grants to manufacturers of light and heavy duty natural gas vehicles for the development of engines that reduce emissions, improve performance and efficiency, and lower cost. Expresses the sense of Congress that the Environmental Protection Agency (EPA) should streamline the process for certification of natural gas vehicle retrofit kits to promote energy security and provide incentives to encourage and reward manufacturers who produce natural gas powered vehicles. Amends the Energy Policy Act of 1992 to allocate funds for vehicles that are repowered or converted to operate on an alternative fuel.

Proposing an amendment to the Constitution of the United States relative to balancing the budget.

United States · United States Congress · 6 April 2011

Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a two-thirds roll call vote of each chamber, authorizes a specific excess of outlays over receipts. Prohibits total outlays for any fiscal year from exceeding 18% of the gross domestic product (GDP) for the preceding calendar year unless Congress, by a two-thirds roll call vote of each chamber, authorizes a specific excess over such 18%. Directs the President to submit a balanced budget to Congress annually. Prohibits any bill from becoming law that imposes a new tax or increases the statutory rate of any tax or the aggregate amount of revenue, unless approved by a two-thirds roll call vote of each chamber. Requires a three-fifths roll call vote of each chamber to increase the federal debt limit. Authorizes waivers of these requirements: (1) when a declaration of war is in effect against a nation-state and Congress, by a majority roll call vote of each chamber, authorizes a specific excess; or (2) under other specified circumstances involving military conflict, if Congress, by a three-fifths roll call vote of each chamber, authorizes such waiver. Prohibits a federal or state court from ordering any increase in revenue to enforce this article.

Providing for consideration of the bill (H.R. 1363) making appropriations for the Department of Defense for the fiscal year ending September 30, 2011, and for other purposes; and waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules.

United States · United States Congress · 6 April 2011

Sets forth the rule for consideration of the bill (H.R. 1363) making appropriations for the Department of Defense for the fiscal year ending September 30, 2011, and for other purposes; and waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules.

FINANCIAL SERVICES AND GENERAL GOVERNMENT APPROPRIATIONS FOR FISCAL YEAR 2012

United States · United States Senate · 5 April 2011

[H.A.S.C. No. 112-36] NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2012 AND OVERSIGHT OF PREVIOUSLY AUTHORIZED PROGRAMS BEFORE THE COMMITTEE ON ARMED SERVICES HOUSE OF REPRESENTATIVES ONE HUNDRED TWELFTH CONGRESS FIRST SESSION

United States · United States House of Representatives · 5 April 2011

FINANCIAL SERVICES AND GENERAL GOVERNMENT APPROPRIATIONS FOR FISCAL YEAR 2012

United States · United States Senate · 5 April 2011

DEPARTMENT OF DEFENSE AUTHORIZATION FOR APPROPRIATIONS FOR FISCAL YEAR 2012 AND THE FUTURE YEARS DEFENSE PROGRAM

United States · United States Senate · 5 April 2011

Bipartisan Tax Fairness and Simplification Act of 2011

United States · United States Congress · 5 April 2011

Bipartisan Tax Fairness and Simplification Act of 2011 - Declares as the purposes of this Act to: (1) make the federal individual income tax system simpler, fairer, and more transparent; (2) reduce the income tax rate on corporations, repeal the individual and corporate alternative minimum tax (AMT), and eliminate special tax preferences; and (3) reduce the federal budget deficit. Amends the Internal Revenue Code to: (1) reduce the number of tax brackets for individual taxpayers from six to three (i.e., 15, 25, and 35%); (2) increase the standard tax deduction; (3) eliminate miscellaneous itemized tax deductions for individuals after 2011; (4) exclude from gross income 35% of certain dividend income and gain on capital assets; (5) repeal the AMT for individuals; (6) allow a new tax credit for interest on state and local bonds; (7) consolidate and revise rules for tax-exempt retirement plans and education tax credits and deductions and create tax-exempt American Dream Accounts; and (8) repeal certain income tax credits, deductions, and exclusions, including the tax deduction for punitive damages. Makes permanent specified provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 that: (1) increased the earned income, dependent care, and child tax credits; and (2) repealed limits on personal exemptions and itemized tax deductions. Requires the Internal Revenue Service (IRS), beginning on January 1, 2012, to provide taxpayers a simplified Easyfile pre-prepared income tax return and a one-page summary of federal spending on Social Security, Medicare, Medicaid, defense, and interest on the federal debt. Revises corporate and business-related taxation by: (1) imposing a flat 24% rate on the taxable income of corporations; (2) increasing the expensing allowance for depreciable assets; (3) eliminating certain corporate tax preferences, including the percentage depletion allowance; (4) modifying foreign tax credit rules applicable to certain large integrated oil companies; (5) prohibiting advance refunding of tax-exempt bonds; (6) requiring 30% withholding of certain beneficiaries of foreign accounts; and (7) allowing overseas corporations a tax deduction for dividends received in 2011 from controlled foreign corporations if such dividends are reinvested in the United States. Directs the Congressional Budget Office (CBO) to identify and report to Congress on federal direct and indirect spending on businesses. Increases civil and criminal penalties for noncompliance with information reporting and tax payment requirements. Imposes certain e-filing requirements for large organizations and certain individuals.

National Activity Based Total Accountability Act of 2011

United States · United States Congress · 5 April 2011

National Activity Based Total Accountability Act of 2011 - Requires each state government that receives federal financial assistance in a federal fiscal year to submit a state fiscal accounting report for such fiscal year to the Director of the Office of Management and Budget (OMB) that includes: (1) a one-page summary listing the total funding and expenditures of each budget entity of the state government; and (2) a unit-cost summary for each such entity that includes a statement of funds available, a line-item listing for each agency activity that the entity began, attempted, continued, or completed, and a reconciliation of funds available with adjusted expenditures. Sets forth formulae for determining unit-cost and adjusted expenditures. Requires the Director to: (1) publish each report on an OMB website, (2) ensure that such state reports use a standardized form that permits the comparison of information, (3) establish a uniform system for classifying programs and activities, (4) identify conduct for each agency activity that constitutes a completed instance of such activity, and (5) identify performance measures for each agency activity. Requires the Director to inform each federal agency if a state fails to file such report and requires the agency to withhold 10% of any federal financial assistance provided to such state for the next fiscal year.

Intelligence Authorization Act for Fiscal Year 2011

United States · United States Congress · 4 April 2011

Intelligence Authorization Act for Fiscal Year 2011 - Authorizes appropriations for FY2011 for the conduct of intelligence and intelligence-related activities of the: (1) Office of the Director of National Intelligence (DNI); (2) Central Intelligence Agency (CIA); (3) Department of Defense (DOD); (4) Defense Intelligence Agency (DIA); (5) National Security Agency (NSA); (6) Departments of the Army, Navy, and Air Force; (7) Coast Guard; (8) Departments of State, the Treasury, Energy, and Justice; (9) Federal Bureau of Investigation (FBI); (10) Drug Enforcement Administration (DEA); (11) National Reconnaissance Office; (12) National Geospatial-Intelligence Agency; and (13) Department of Homeland Security. Specifies that the amounts authorized and the authorized personnel ceilings as of September 30, 2011, for such activities are those specified in the classified Schedule of Authorizations, which shall be made available to the congressional appropriations committees and the President. Authorizes appropriations for the Intelligence Community Management Account for FY2011, as well as for full-time personnel for elements within such Account. Authorizes appropriations for FY2011 for the Central Intelligence Agency Retirement and Disability Fund. Prohibits the authorization of appropriations by this Act from being deemed to constitute authority to conduct any intelligence activity not otherwise authorized by the Constitution or laws of the United States. Permits appropriations authorized by this Act for salary, pay, retirement, and other benefits for federal employees to be increased by such additional or supplemental amounts as necessary for increases in such compensation or benefits authorized by law. Requires the National Counterintelligence Strategy to be revised or updated at least every three years and to be aligned with the strategies and policies of the DNI. Directs the DNI to: (1) establish an initial operating capability for an automated insider threat detection program for information resources in each element of the intelligence community (IC); and (2) require each IC employee to sign and abide by an agreement prohibiting the unauthorized disclosure of classified information. Authorizes the DIA Director to expend certain human intelligence and counterintelligence activities funds for objects of a confidential, extraordinary, or emergency nature, without regard to restrictions on the expenditure of government funds. Provides for the transfer of funds for use by DOD intelligence elements. Requires Senate confirmation of the appointment of the NSA Director.

Oil Price Reduction Act of 2011

United States · United States Congress · 4 April 2011

Oil Price Reduction Act of 2011- Prohibits U.S. bilateral assistance and arms exports (not including humanitarian assistance) to any country that is a major net oil exporter, including any country that is a member of the Organization of Petroleum Exporting Countries (OPEC), if such country is engaged in oil price fixing to the detriment of the U.S. economy. Amends the Internal Revenue Code to allow taxpayers who drive a highway vehicle fueled by gasoline or diesel fuel a $1,000 tax credit in the taxpayer's last taxable year ending in 2011.

Local Taxpayer Relief Act

United States · United States Congress · 4 April 2011

Local Taxpayer Relief Act - Amends the Impact Aid program (which compensates local educational agencies [LEAs] for the financial burden of federal activities affecting their areas) of the Elementary and Secondary Education Act of 1965 to alter the formula for determining the payments due LEAs for federal ownership of property when appropriations for a fiscal year are insufficient to provide them with full compensation. Prohibits an LEA from being paid amounts for federal ownership of property that exceeds its total current expenditures in the second prior fiscal year. Changes the method for calculating the value of federal property located in an LEA's area. Alters the formula for determining the payments due LEAs for eligible federally-connected children. Includes not only children in average daily attendance, but also those enrolled pursuant to a state open enrollment policy. Continues an LEA's eligibility for such payments while activities associated with military base closures and realignments or force structure changes or relocations are ongoing. Allows the calculation of such payments using current student counts instead of prior fiscal year data when LEAs experience a specified influx of new federally-connected students due to federal activities or the closure of an LEA that was receiving Impact Aid due to federally-connected children. Requires the Secretary of Education to allow LEAs to count their federally-connected children using the date they register their students for the fiscal year for which their application is filed. Alters the formula for determining the construction payments due LEAs that are eligible for other Impact Aid payments. Divides 80% of the construction funds evenly between LEAs impacted by military dependent children and LEAs impacted by children residing on Indian lands, with the remainder reserved for emergency repair and modernization grants to LEAs serving Indian lands or experiencing a specified influx of new students due to federal activities. Alters the formula for determining whether a state's plan for equalizing assistance to its LEAs will except it from the prohibition on state aid to LEAs being affected by Impact Aid payments. Requires new LEAs applying for Impact Aid to have boundaries established by state law and the authority to tax or receive an imputed local tax. Directs the Secretary to complete Impact Aid payments to eligible LEAs within three fiscal years of their appropriation. Reauthorizes appropriations for the Impact Aid program.

United States Postal Service Pension Obligation Recalculation and Restoration Act of 2011

United States · United States Congress · 4 April 2011

United States Postal Service Pension Obligation Recalculation and Restoration Act of 2011 - Prescribes the "average pay" and the appropriate percentage thereof to be used in determining annuities for civilian employment with the United States Postal Service (USPS) for purposes of provisions relating to future benefits attributable to such employment in order to calculate the amount of any USPS surplus or supplemental liability under the Civil Service Retirement System. Requires the Office of Personnel Management (OPM): (1) within six months after enactment of this Act, to determine (or, if applicable, redetermine) the amount of such surplus or liability as of the close of the most recently ending fiscal year using the methodology required under this Act; and (2) if the result is a surplus, to transfer the surplus amount to the Postal Service Retiree Health Benefits Fund within 15 days after the determination of a surplus. Provides for an alternate determination of an USPS surplus or supplemental liability for FY2016-FY2020. Requires transfer of certain surplus postal retirement contributions in FY2011 to the Postal Service Retiree Health Benefits Fund or the Employees' Compensation Fund under the Federal Employees' Compensation Act (FECA). Expresses the intent of Congress that this Act shall apply to allocations of past, present, and future benefit liabilities between the USPS and the Treasury.

SWAT Act

United States · United States Congress · 4 April 2011

Stop Wasting American Tax Dollars Act or SWAT Act - Rescinds any unobligated discretionary appropriations awarded to a state or locality by the federal government that are voluntarily returned to it. Excludes from such rescission any funds made available for a Department of Defense (DOD) or a Department of Homeland Security (DHS) account, program, or activity. Requires such rescinded funds to be retained in the general fund of the Treasury for federal budget deficit reduction. Applies this requirement in lieu of any provision of law that provides for the redistribution of funds awarded to a state or locality that remain unobligated by it.

Jobs for Veterans Act of 2011

United States · United States Congress · 1 April 2011

Jobs for Veterans Act of 2011 - Amends the Internal Revenue Code to allow an increased work opportunity tax credit for the hiring in 2011 or 2012 of veterans discharged or released from active military duty after September 11, 2001. Reduces amounts authorized to be appropriated to the Department of Veterans Affairs for general administration in FY2011 and FY2012 to offset the cost of the increased credit allowed by this Act.

Social Security Fairness Act of 2011

United States · United States Congress · 1 April 2011

Social Security Fairness Act of 2011 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to repeal the government pension offset requirement applicable to and reducing husband's and wife's insurance benefits, widow's and widower's insurance benefits, and divorced mother's and divorced father's insurance benefits with respect to federal, state, or local government employees who receive a government pension and did not pay Social Security taxes during their years of government service, and so did not earn entitlement to Social Security benefits for those years. Repeals also the windfall elimination requirement with respect to computation of an individual's primary insurance amount under which OASDI retirement or disability benefits are reduced if the individual receives a federal, state, or local government pension, did not pay Social Security taxes during the years of government service, and so did not earn entitlement to Social Security benefits for those years.

To amend the Internal Revenue Code of 1986 to make the credit for research activities permanent and to provide an increase in such credit for taxpayers whose gross receipts are predominantly from domestic production activities.

United States · United States Congress · 1 April 2011

Amends the Internal Revenue Code to: (1) make permanent the tax credit for increasing research activities, and (2) increase the amount of such credit for taxpayers who earn more than 50% of their gross receipts from domestic production activities.

Collegiate Housing and Infrastructure Act of 2011

United States · United States Congress · 1 April 2011

Collegiate Housing and Infrastructure Act of 2011 - Amends the Internal Revenue Code to allow tax-exempt charitable or educational organizations to make collegiate housing and infrastructure improvement grants to certain tax-exempt social clubs (e.g., college fraternities and sororities) which apply such grants to their collegiate housing property.

Community Bank and Automotive Industry Recapitalization Act of 2011

United States · United States Congress · 1 April 2011

Community Bank and Automotive Industry Recapitalization Act of 2011 - 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.

To amend the Internal Revenue Code of 1986 to exempt certain emergency medical devices from the excise tax on medical devices, and for other purposes.

United States · United States Congress · 1 April 2011

Amends the Internal Revenue Code to exempt a qualified emergency medical device from the excise tax on medical devices. Defines "qualified emergency medical device" as a medical device furnished by first responders or ambulance services in providing out-of-hospital or pre-hospital care, or transport to a medical care facility, for individuals with illnesses, injuries, or other medical emergencies or in need of medical transport, extrication, or evacuation.

OVERSIGHT HEARING ON ``SPENDING FOR THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION AND THE NATIONAL MARINE FISHERIES SERVICE, AND THE PRESIDENT'S FISCAL YEAR 2012 BUDGET REQUEST FOR THESE AGENCIES.''

United States · United States House of Representatives · 31 March 2011

[H.A.S.C. No. 112-32]NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2012 AND OVERSIGHT OF PREVIOUSLY AUTHORIZED PROGRAMS BEFORE THE COMMITTEE ON ARMED SERVICES HOUSE OF REPRESENTATIVES ONE HUNDRED TWELFTH CONGRESS FIRST SESSION

United States · United States House of Representatives · 31 March 2011

LEGISLATIVE BRANCH APPROPRIATIONS FOR FISCAL YEAR 2012

United States · United States Senate · 31 March 2011

AGRICULTURE, RURAL DEVELOPMENT, FOOD AND DRUG ADMINISTRATION, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2012

United States · United States Senate · 31 March 2011

MILITARY CONSTRUCTION AND VETERANS AFFAIRS, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2012

United States · United States Senate · 31 March 2011

PRESIDENT'S PROPOSED FISCAL YEAR 2012 BUDGET FOR THE ARMY CORPS OF ENGINEERS

United States · United States Senate · 31 March 2011

MILITARY CONSTRUCTION AND VETERANS AFFAIRS, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2012

United States · United States Senate · 31 March 2011

Collegiate Housing and Infrastructure Act of 2011

United States · United States Congress · 31 March 2011

Collegiate Housing and Infrastructure Act of 2011 - Amends the Internal Revenue Code to allow tax-exempt charitable or educational organizations to make collegiate housing and infrastructure improvement grants to certain tax-exempt social clubs (e.g., college fraternities and sororities) which apply such grants to their collegiate housing property.

Fiscal Fairness Act

United States · United States Congress · 31 March 2011

Fiscal Fairness Act - Amends part A of title I of the Elementary and Secondary Education Act of 1965 to condition local educational agency (LEA) receipt of school improvement funds on: (1) an average state and local spending per pupil in each school receiving school improvement funds of at least 97% of such spending per pupil across all of the LEA's schools that are not receiving such funds; and (2) an average state and local spending per pupil in each higher poverty school of at least 97% of such spending per pupil across all lower poverty schools, if the LEA is serving all of its schools under part A. Allows LEAs to meet such requirement across all schools or among schools serving a particular grade span if they compare schools within no more than three grade spans. Directs the Inspector General of the Department of Education, in the fourth and fifth years after this Act's enactment, to audit 5 states and 10 LEAs to determine their progress in meeting these requirements. Requires annual LEA report cards to include certain information on state and local spending per pupil in schools. Requires states to provide the public with annual up-to-date school-by-school listings of per-pupil state and local spending.

A bill to amend the Internal Revenue Code of 1986 to permanently extend the treatment of certain farming business machinery and equipment as 5-year property for purposes of depreciation.

United States · United States Congress · 31 March 2011

Amends the Internal Revenue Code to make permanent the classification of certain farming business machinery and equipment as five-year property for purposes of the tax deduction for depreciation.

Military Spouse Job Continuity Act of 2011

United States · United States Congress · 31 March 2011

Military Spouse Job Continuity Act of 2011 - Amends the Internal Revenue Code to allow the spouse of a member of the Armed Forces (military spouse) who moves with such member to another state under a permanent change of station order a tax credit for up to $500 of qualified relicensing costs incurred by such spouse. Defines "qualified relicensing costs" as costs for a state license or certification to engage in the profession that such military spouse engaged in while residing in the former state.

GSE Bailout Elimination and Taxpayer Protection Act

United States · United States Congress · 31 March 2011

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 [government-sponsored enterprises, or GSEs].) 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, and (2) the housing trust fund. 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. Repeals certain temporary, general, and permanent high-cost area increases to conforming loan limits. Establishes new conforming loan limits. Amends FHEFSSA to require the Director to require each enterprise to charge a guarantee fee, in connection with any mortrgage guaranteed after a specified three-year period, in an amount equivalent to that which the enterprise would charge if it were held to the same capital standards as private banks or financial institutions. Amends the Federal National Mortgage Association Charter Act (FNMACA) and the Federal Home Loan Mortgage Corporation Act (FHLMCA) to prohibit reduction in the rate of dividends paid on each enterprise's Variable Liquidation Preference Senior Preferred Stock. Amends FHEFSSA to require the Director to establish minimum levels of capital for the enterprises, including levels in excess of such minimums as necessary or appropriate in light of an enterprise's particular circumstances. Authorizes the Director to deem failure of an enterprise to maintain revised minimum capital levels to constitute an unsafe and unsound condition. Amends FNMACA and FHLMCA to: (1) prohibit the enterprises from purchasing mortgages if the mortgagor has paid less than the specified minimum downpayment; and (2) require the enterprises to pay state and local taxes. Repeals the exemption of mortgage-backed securities and subordinate obligations of Fannie Mae, as well as mortgage-backed securities of Freddie Mac, from regulation by the Securities and Exchange Commission (SEC), thus subjecting such securities and obligations to SEC regulation. Prescribes a deadline and procedures for the wind down of operations and dissolution of an enterprise three years after enactment of this Act.

Joint resolution proposing a balanced budget amendment to the Constitution of the United States.

United States · United States Congress · 31 March 2011

Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a two-thirds roll call vote of each chamber, authorizes a specific excess of outlays over receipts. Prohibits total outlays for any fiscal year from exceeding 18% of the gross domestic product (GDP) for the preceding calendar year unless Congress, by a two-thirds roll call vote of each chamber, authorizes a specific excess over such 18%. Directs the President to submit a balanced budget to Congress annually. Prohibits any bill from becoming law that imposes a new tax or increases the statutory rate of any tax or the aggregate amount of revenue, unless approved by a two-thirds roll call vote of each chamber. Requires a three-fifths roll call vote of each chamber to increase the federal debt limit. Authorizes waivers of these requirements: (1) when a declaration of war is in effect against a nation-state and Congress, by a majority roll call vote of each chamber, authorizes a specific excess; or (2) under other specified circumstances involving military conflict, if Congress, by a three-fifths roll call vote of each chamber, authorizes such waiver. Prohibits a federal or state court from ordering any increase in revenue to enforce this article.

Military Health Care Affordability Act

United States · United States Congress · 31 March 2011

Military Health Care Affordability Act - Expresses the sense of Congress that: (1) so long as the United States sends men and women into battle, the United States will be faithful to care for them upon their return; (2) as the veteran answered the call of duty, so too, is the United States duty-bound to answer the call of the veteran; and (3) the Department of Defense (DOD) and the Department of Veterans Affairs (VA) have the tools and ingenuity to provide continued excellent health care without increasing TRICARE payments from the veteran before fiscal year 2014. Extends through FY2013 (under current law, through FY2011) the prohibition on increases in certain health care costs and restrictions on health benefit adjustments for members of the Armed Forces, retirees, and their dependents, including charges and premiums under TRICARE (a DOD managed care program) and cost-sharing requirements under the DOD pharmacy benefits program.

Reserve Retirement Deployment Credit Correction Act

United States · United States Congress · 31 March 2011

Reserve Retirement Deployment Credit Correction Act - Removes the requirement that days of active duty or active service used to reduce the minimum age at which a member of the reserves may retire for non-regular (reserve) service must occur in the same fiscal year.

Fiscal Fairness Act

United States · United States Congress · 31 March 2011

Fiscal Fairness Act - Amends part A of title I of the Elementary and Secondary Education Act of 1965 to condition local educational agency (LEA) receipt of school improvement funds on: (1) an average state and local spending per pupil in each school receiving school improvement funds of at least 97% of such spending per pupil across all of the LEA's schools that are not receiving such funds; and (2) an average state and local spending per pupil in each higher poverty school of at least 97% of such spending per pupil across all lower poverty schools, if the LEA is serving all of its schools under part A. Allows LEAs to meet such requirement across all schools or among schools serving a particular grade span if they compare schools within no more than three grade spans. Directs the Inspector General of the Department of Education, in the fourth and fifth years after this Act's enactment, to audit 5 states and 10 LEAs to determine their progress in meeting these requirements. Requires annual LEA report cards to include certain information on state and local spending per pupil in schools. Requires states to provide the public with annual up-to-date school-by-school listings of per-pupil state and local spending.

Healthcare Fiscal Accountability Act of 2011

United States · United States Congress · 31 March 2011

Healthcare Fiscal Accountability Act of 2011 - Amends the Patient Protection and Affordable Care Act (PPACA) to convert specified funding under such Act from a direct appropriation to an authorization of appropriations or from a transfer to an authorization of such transfer, including funding for: (1) the establishment of a temporary high-risk pool for uninsured individuals with preexisting conditions, (2) the establishment of a temporary reinsurance program for early retirees, (3) health insurance exchanges, and (4) the Prevention and Public Health Fund. Rescinds or restores the unobligated balances of funds available pursuant to such direct appropriations or transfers, respectively. Repeals provisions of PPACA, as if such provisions had not been enacted, that appropriate funds to the Children's Health Insurance Program (CHIP, formerly known as SCHIP) for allotments to states, the Child Enrollment Contingency Fund, and outreach and enrollment grants. Repeals provisions of PPACA appropriating funds, except with respect to FY2010 or FY2011, for: (1) allotments to states for abstinence education, (2) special projects of regional and national significance for the development and support of family-to-family health information centers for families of children with disabilities or special health care needs, and (3) the National Clearinghouse for Long-Term Care Information. Rescinds the unobligated portion of funds available pursuant to such provisions for FY2010-FY2011.

Transparent and Sustainable Budget Act of 2011

United States · United States Congress · 31 March 2011

Transparent and Sustainable Budget Act of 2011 - Amends the Internal Revenue Code to require the Secretary of the Treasury to provide via U.S. mail a tax receipt, with specified information on spending categories, to each individual taxpayer who filed an income tax return for the preceding taxable year. Amends Rule XXI (Restrictions on Certain Bills) of the House of Representatives to restore Pay-As-You-Go (PAYGO) requirements. (Thus repeals certain Cut-As-You-Go (CUTGO) requirements.) Eliminates the authority of the chairman of the House Budget Committee to unilaterally set spending limits. Amends the Congressional Budget Act of 1974 to require: (1) the Director of the Congressional Budget Office (CBO) to include a descriptive analysis for the second decade budget impact of a measure when submitting a cost estimate of it, and (2) the Joint Committee on Taxation (JCT) to provide such an analysis when it submitting revenue estimates to CBO. Requires CBO and the JCT to provide a net present value estimate for costs outside the first 10-year budget window for such a cost or revenue estimate. Requires the Office of Management and Budget (OMB) to publish a report on the size, scope, risk, and cost of the contingent federal liabilities, including the implicit guarantees to government sponsored enterprises (GSEs) such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Requires OMB to: (1) develop a proposal for the implementation of an accrual-based accounting system for certain portions of the budget, and (2) report to Congress on legislation necessary to implement such system. Requires the President's annual budget to include: (1) a score card of progress in meeting specified debt and deficit reduction targets, (2) a plan for long-term fiscal sustainability, (3) an OMB supplemental report of the federal nonbudgeted fiscal exposures, and (4) explicit goals for carrying out the long-term fiscal sustainability plan. Amends the CBA to require the congressional budget resolution to contain such scorecard and plan. Requires OMB to issue publicly, including on its Web site, a Quadrennial Fiscal Sustainability Report. Prescribes requirements for a presidential address to a joint session of Congress on long-term fiscal sustainability of the government. Modifies the JCT reports to Congress identifying tax expenditures. Amends the Congressional Budget and Impoundment Control Act of 1974 to define "tax subsidy" as those tax expenditures that are deliberately inconsistent with an identifiable general rule of the present tax law, and that collect less revenue than such rule. Amends the CBA to make it out of order in both chambers to consider any legislation reported by the House Committee on Ways and Means or the Senate Committee on Finance that proposes to amend the Code to establish a new tax expenditure, unless the committee report includes specified information. Makes it out of order in both chambers to consider such legislation: (1) unless the tax expenditure terminates within 10 years, or (2) if it is extending an existing tax expenditure for more than 10 years. Requires the Secretary to conduct performance reviews of JCT identified tax expenditures on an ongoing basis. Requires the Comptroller General to assess improvements the Internal Revenue Service (IRS) could make to facilitate the evaluation of tax expenditures. Requires OMB to develop clear and consistent guidance to agencies on how to incorporate tax expenditures in their strategic plans, annual performance plans, and performance and accountability reports, to provide a broader perspective and more cohesive plan of the government's goals and strategies.

[H.A.S.C. No. 112-30]NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2012 AND OVERSIGHT OF PREVIOUSLY AUTHORIZED PROGRAMS BEFORE THE COMMITTEE ON ARMED SERVICES HOUSE OF REPRESENTATIVES ONE HUNDRED TWELFTH CONGRESS FIRST SESSION

United States · United States House of Representatives · 30 March 2011

DEPARTMENTS OF LABOR, HEALTH AND HUMAN SERVICES, AND EDUCATION, AND RELATED AGENCIES APPROPRIATIONS FOR FISCAL YEAR 2012

United States · United States Senate · 30 March 2011

PROPOSED BUDGET FOR FISCAL YEAR 2012 FOR THE NATIONAL PARK SERVICE

United States · United States Senate · 30 March 2011

DEPARTMENT OF DEFENSE AUTHORIZATION FOR APPROPRIATIONS FOR FISCAL YEAR 2012 AND THE FUTURE YEARS DEFENSE PROGRAM

United States · United States Senate · 30 March 2011

DEPARTMENT OF DEFENSE APPROPRIATIONS FOR FISCAL YEAR 2012

United States · United States Senate · 30 March 2011

Energy Security Act of 2011

United States · United States Congress · 30 March 2011

Energy Security Act of 2011 - Establishes in the Executive Office of the President the national energy security program to coordinate federal government activities and policies to ensure that the United States meets goals for reducing oil dependence, oil imports, and oil consumption as well as other energy policy goals. Declares it is the goal of the United States to reduce oil consumption by 2030 by an amount equal to or greater than the quantity of oil imported from outside of North America. Directs the President, in coordination with the National Energy Security Council (established by this Act) and the Director of the Office of Management and Budget (OMB), to develop a national oil independence plan, which shall be updated biennially. Directs the President to review existing federal programs and authorities (including tax policies) to determine: (1) which of them could be used to accelerate reductions in oil dependence, and (2) the means to maximize such reductions. Establishes in the Executive Office of the President the National Energy Security Council.

A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property.

United States · United States Congress · 30 March 2011

Amends the Internal Revenue Code to make permanent the 15-year recovery period classification for qualified leasehold improvement, restaurant, and retail improvement property, for purposes of the depreciation tax deduction.