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Bill· HRH.R. 5652 (113th)referred
United States · United States Congress · 18 September 2014
Fiscal Responsibility Using Government Accountability Laws Act of 2014 or the FRUGAL Act - Requires the Treasury Inspector General for Tax Administration to analyze the extent to which taxpayers are reporting existing foreign accounts and are circumventing or properly utilizing offshore voluntary disclosure initiatives and programs. Requires the Internal Revenue Service (IRS) to: (1) increase educational outreach concerning taxpayer offshore tax obligations, and (2) report to Congress on closing offshore tax loopholes and increasing revenue collection from offshore sources. Requires the Federal Acquisition Regulation to be revised to include guidelines for federal agencies to use reverse auctions, an electronic auction in which offerors compete by submitting bids or revised bids for a contract, task, or delivery order until the award is made to the offeror with the lowest bid. States that the guidelines should ensure that reverse auctions uphold high quality standards and that small businesses can continue to participate in the procurement process. Requires the Board of Governors of the Federal Reserve System to develop and implement a plan to reduce spending on coin inventory management.
Bill· HRH.R. 5651 (113th)referred
United States · United States Congress · 18 September 2014
Small Business Hardship Relief Act - Amends the Internal Revenue Code to exempt from the employer mandate to provide minimum essential health care coverage for its employees a small business (i.e., an employer of not more than 100 full-time employees) experiencing a hardship. Defines "hardship" to include situations in which a small business has missed two or more consecutive loan payments, is a debtor in a Chapter 11 (reorganization) bankruptcy proceeding, has received a notice of termination of utility services or a notice of eviction, has experienced a fire, flood, or other disaster, or has experienced another hardships as determined by the Secretary of the Treasury. Directs the Secretary to conduct a study to identify additional hardships appropriate for granting an hardship exemption. Prohibits the Internal Revenue Service (IRS) from taking into account the applicability of a hardship exemption to a small business as the sole factor in determining whether to audit such business.
Bill· HRH.R. 5645 (113th)referred
United States · United States Congress · 18 September 2014
Philanthropic Enterprise Act of 2014 - Amends the Internal Revenue Code to exempt the holdings of a private foundation in any business enterprise that meets specified requirements relating to exclusive ownership, minimum distribution of net operating income for the charitable purpose, and independent operation (i.e., not controlled by a substantial contributor or family members) from the excise taxes on excess business holdings and unrelated business income.
Bill· HRH.R. 5641 (113th)referred
United States · United States Congress · 18 September 2014
Amends the Federal Election Campaign Act of 1971 (FECA) to treat as a campaign contribution any payment made by any person (other than a candidate, an authorized committee of a candidate, or a political committee of a political party) for a coordinated expenditure which is not otherwise treated as a contribution. Repeals the prohibition against contributions by minors. Sets forth rules governing payments for coordinated expenditures, including special rule for payments by coordinated spenders for covered communications. Defines "covered communication" as a public communication which: (1) promotes or supports the candidate, or attacks or opposes an opponent of the candidate (regardless of whether the communication expressly advocates the election or defeat of a candidate or contains the functional equivalent of express advocacy); or (2) refers to the candidate or an opponent of the candidate in other ways, but only if the communication is disseminated during the applicable election period. Prohibits candidates or individuals holding federal office, their agents, and certain related entities from soliciting, receiving, directing, or transferring funds to or on behalf of any political committee which accepts donations or contributions that do not comply with FECA limitations, prohibitions, and reporting requirements, or to or on behalf of any 527 organization which accepts such donations or contributions (other than a committee of a state or local political party or a candidate for election for state or local office). (A 527 organization, tax-exempt in certain circumstances under Section 527 of the Internal Revenue Code, is created primarily to influence the selection, nomination, election, appointment or defeat of candidates to federal, state or local public office.)
Bill· HRH.R. 5637 (113th)referred
United States · United States Congress · 18 September 2014
Consumer Debt Forgiveness Tax Relief Act of 2014 - Amends the Internal Revenue Code to exclude from gross income, for income tax purposes, income that is imputed to the discharge of qualified consumer indebtedness. Defines "qualified consumer indebtedness" as any indebtedness of a natural person arising out of a transaction in which the money, property, or services that are the subject of the transaction are primarily for personal, family, or household purposes. Provides that the aggregate amount of discharged indebtedness excludible from gross income shall not exceed the excess of $2,500 over the aggregate amounts treated as qualified consumer indebtedness for all prior taxable years.
Bill· HRH.R. 5636 (113th)referred
United States · United States Congress · 18 September 2014
Cut REDTAPE Act - Amends the Internal Revenue Code to exempt a new small business, including an incorporated business, from the additional tax imposed for underpayment of estimated income tax, if such business's gross receipts for the calendar year do not exceed $1 million.
Bill· HRH.R. 5622 (113th)referred
United States · United States Congress · 18 September 2014
Fire Sprinkler Incentive Act - Amends the Internal Revenue Code to allow: (1) 100% expensing in a current taxable year of the cost of automated fire sprinkler system retrofit property, as defined by this Act; and (2) accelerated depreciation (i.e., a 15-year recovery period) of automated fire sprinkler system retrofit property that is installed in a building or structure where the floor of any occupiable story is greater than 75 feet above the lowest level of fire department vehicle access and that has a certain classification by the National Fire Protection Association.
Bill· HRH.R. 5615 (113th)referred
United States · United States Congress · 18 September 2014
Small Business Tax Equalization and Compliance Act of 2014 - Amends the Internal Revenue Code to extend the tax credit for social security taxes paid for employee cash tips to employers of cosmetologists. Requires employers of cosmetologists to report income and tips of their cosmetology employees and to provide income and tip information to self-employed cosmetologists to whom they pay more than $600 in the taxable year. Imposes similar reporting requirements upon individuals who rent chairs to cosmetologists. Requires such employers to provide their cosmetology employees and self-employed cosmetologists with information on the tax and tip reporting obligations of employees and self-employed individuals.
Bill· HRH.R. 5588 (113th)referred
United States · United States Congress · 18 September 2014
Payer State Transparency Act of 2014 - Directs: (1) the Director of the Bureau of Economic Analysis of the Department of Commerce to calculate the federal tax burden of each state for each fiscal year, (2) the Director of the Office of Management and Budget (OMB) to calculate the total amount of federal outlays received by each state in each fiscal year, and (3) the Secretary of Commerce and the OMB Director to jointly report to Congress on the results of such calculations and publish such report on the publicly accessible website of the Bureau of Economic Analysis.
Bill· HRH.R. 5584 (113th)referred
United States · United States Congress · 18 September 2014
Women's Small Business Ownership Act of 2014 - Amends the Small Business Act to direct the Office of Women's Business Ownership within the Small Business Administration (SBA) to address issues concerning specified disciplines required for starting, operating, and increasing a small business. Authorizes the SBA Administrator to provide annual training for women's business ownership representatives. Authorizes the Administrator to provide financial assistance to qualifying entities to conduct projects designed to provide training and counseling meeting the needs of women business owners, especially socially and economically disadvantaged women business owners. Specifies assistance amounts of up to $250,000 per project year. Directs the Administrator to seek advice, input, and recommendations for policy changes from any association of women's business centers to develop: (1) a training program for the staff of such centers, and (2) recommendations to improve the policies and procedures for governing the general operations and administration of the women's business center program. Authorizes the Administrator, upon request by a recipient organization, to waive for a fiscal year (but not more than two consecutive fiscal years) the requirement to obtain matching non-federal funds for the organization's technical assistance and counseling activities carried out using financial assistance under the women's business center program. Directs the Comptroller General (GAO) to study: (1) the unique economic issues facing women's business centers located in predominately rural, urban, or insular areas; and (2) SBA oversight of women's business centers. Authorizes a contracting officer to award a sole source contract under this Act to small businesses owned and controlled by women if each of the businesses is at least 51% owned by one or more women who are economically disadvantaged (and such ownership is determined without regard to any community property law), and meets specified additional criteria. Authorizes a contracting officer to award a sole source contract to a small business owned and controlled by women meeting the same criteria in an industry in which such businesses are substantially underrepresented if the small business also meets specified certification requirements. Extends indefinitely the SBA Intermediary Lending Program (ILP). Replaces requirements governing ILP loan limits, including maximum amounts, with requirements that limit to: (1) $1 million a single loan to an eligible intermediary, (2) $5 million the total amount outstanding and committed to the intermediary by the Administrator under the ILP, and (3) $20 million the total amount of all ILP loans during each of FY2015-FY2017. Revises requirements for the SBA microloan program (direct loans to eligible intermediaries for making fixed interest rate microloans to startup, newly established, or growing small businesses). Increases the ILP's aggregate loan limit for intermediaries after their first year of participation from $5 million to $7 million. Eliminates limitations on an intermediary's use of funds from an accompanying marketing, management, and technical assistance grant to provide information and technical assistance to small businesses that are prospective borrowers. Prohibits the Administrator from collecting the guarantee fee on a guaranteed loan unless amounts are made available to subsidize the cost of guaranteeing such loans for FY2016. Expresses the sense of the House of Representatives on access to capital for small businesses owned and controlled by women.
Bill· HRH.R. 5583 (113th)referred
United States · United States Congress · 18 September 2014
Layoff Prevention Extension Act of 2014 - Amends the Middle Class Tax Relief and Job Creation Act of 2012 with respect to state short-time compensation programs that allow employers to reduce the workweek of their employees in lieu of layoffs. Extends federal financing of the programs for an additional year. Extends through December 31, 2015, the deadline for a state to submit to the Secretary of Labor its application for a short-time compensation program grant.
Bill· HRH.R. 5579 (113th)referred
United States · United States Congress · 18 September 2014
Leveraging and Energizing America's Apprenticeship Programs Act or the LEAP Act - Amends the Internal Revenue Code to allow employers a business-related tax credit of $1,500 for hiring an apprenticeship employee who has not attained age 25 at the close of the taxable year or $1,000 for an apprenticeship employee who has attained age 25. Allows such credit for no more than two taxable years with respect to any apprenticeship employee. Defines "apprenticeship employee" as an employee who is employed in an officially-recognized apprenticeable occupation pursuant to an apprentice agreement registered with the Office of Apprenticeship of the Employment and Training Administration of the Department of Labor or a state apprenticeship agency. Requires the Director of the Office of Management and Budget (OMB) to coordinate with the heads of federal agencies to: (1) determine which government publications could be available on government websites and no longer printed, (2) devise a strategy to reduce overall government printing costs over the 10-year period beginning with FY2015, (3) establish government-wide guidelines on employee printing, and (4) issue guidelines for publicly disclosing information about the publication of government documents.
Bill· HRH.R. 5578 (113th)referred
United States · United States Congress · 18 September 2014
Employer Participation in Refinancing Act - Amends the Internal Revenue Code to allow an exclusion from gross income for the payment of an employer, either to an employee or a lender, of any indebtedness of an employee under a qualified education refinance loan or any interest relating to such a loan. Defines "qualified education refinance loan" as any indebtedness used solely to refinance a qualified education loan with respect to which the lender offers the borrower protection in the event of unemployment or financial hardship.
Bill· HRH.R. 5576 (113th)referred
United States · United States Congress · 18 September 2014
USAccounts: Investing in America's Future Act of 2014 - Establishes in the Treasury the USAccount Fund to make contributions to accounts known as USAccounts, which are established under this Act for each child of a taxpayer qualifying for the child tax credit who has not attained age 17. Provides for an initial government contribution of $500 to a USAccount, private contributions up to $2,000, and government matching contributions up to $500 in a calendar year. Allows tax-exempt distributions from USAccounts for higher education expenses and for funding individual retirement plans of a qualifying child. Establishes in the executive branch a USAccount Fund Board to manage investments in the USAccount Fund. Amends the Internal Revenue Code to: (1) exempt the USAccount Fund and USAccounts from income taxation, and (2) increase the amount of the child tax credit by the applicable USAccount contribution amount.
Bill· HRH.R. 5554 (113th)referred
United States · United States Congress · 18 September 2014
Helping Wounded Warriors Cover Medical Expenses Act - Amends the Internal Revenue Code to: (1) allow tax-free distributions from a qualified tuition program account (529 tuition plans) for payment of the medical expenses of veterans with disability ratings of more than 50%; and (2) exclude such distributions from gross income, for income tax purposes.
Bill· HRH.R. 5549 (113th)referred
United States · United States Congress · 18 September 2014
Pay What You Owe Before You Go Act - Amends the Internal Revenue Code to require the recapture in subpart F income (i.e., income of a controlled foreign corporation earned outside the United States which is not tax deferred) the accumulated deferred foreign income of such corporation (i.e., the undistributed earnings of the controlled foreign corporation over its undistributed U.S. earnings) for its last taxable year.
Bill· HRH.R. 5531 (113th)referred
United States · United States Congress · 18 September 2014
Amends title XVIII (Medicare) of the Social Security Act to prohibit any subsection (d) hospital located in an area which after September 30, 2014, is reclassified from a rural to an urban area from being required to waive the application of a wage index increase in order to be eligible for such reclassification for the first two fiscal years for which the reclassification from rural to urban is effective. (Generally, a subsection [d] hospital is an acute care hospital, particularly one that receives payments under Medicare's inpatient prospective payment system [IPPS] when providing covered inpatient services to eligible beneficiaries.)
Bill· HRH.R. 5528 (113th)referred
United States · United States Congress · 18 September 2014
Tax Technical Corrections Act of 2014 - Makes technical and clerical amendments to: the American Taxpayer Relief Act of 2012; the Middle Class Tax Relief and Job Creation Act of 2012; the FAA Modernization and Reform Act of 2012; the Regulated Investment Company Modernization Act of 2010; the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010; the Creating Small Business Jobs Act of 2010; the Hiring Incentives To Restore Employment Act; the American Recovery and Reinvestment Tax Act of 2009; the Energy Improvement and Extension Act of 2008; the Tax Extenders and Alternative Minimum Tax Relief Act of 2008; the Housing Assistance Tax Act of 2008; the Heroes Earnings Assistance and Relief Tax Act of 2008; the Economic Stimulus Act of 2008; the Tax Technical Corrections Act of 2007; the Tax Relief and Health Care Act of 2006; the Safe, Accountable, Flexible, Efficient Transportation Equity Act of 2005: A Legacy for Users; the Energy Tax Incentives Act of 2005; and the American Jobs Creation Act of 2004. Eliminates provisions in the Internal Revenue Code that are not used in computing current tax liabilities (referred to as deadwood provisions).
Bill· HJRESH.J.Res. 126 (113th)referred
United States · United States Congress · 18 September 2014
Constitutional Amendment - Prohibits a bill that increases entitlement spending or creates a new entitlement program from becoming law unless it: (1) is approved by a two-thirds majority of each house of Congress, or (2) provides that the increase or program shall terminate after not more than seven years. Prohibits a bill that increases entitlement spending or creates a new entitlement program from becoming law unless it is spending neutral or creates net savings to the government. Requires the President to implement and Congress to prescribe spending reductions if the law is not spending neutral or does not create net savings when averaged over the previous two fiscal years.
Resolution· HRESH.Res. 745 (113th)referred
United States · United States Congress · 18 September 2014
Expresses the sense of the House of Representatives that a Contract with America should include a roadmap to restore American competitiveness by: simplifying the corporate tax structure with lower statutory rates and no loopholes; taxing overseas profits earned by American multinational companies only where they are earned; easing the immigration of highly skilled individuals; responsibly developing America's shale-gas and oil reserves; aggressively addressing distortions and abuses in the international trading system; improving American logistics, communications, and energy infrastructure; simplifying and streamlining federal regulation; and creating a sustainable federal budget, including entitlement reform.
Bill· SS. 2835 (113th)referred
United States · United States Congress · 17 September 2014
Storm Shelter Affordability Act of 2014 - Amends the Internal Revenue Code to allow an individual taxpayer a refundable tax credit, through December 31, 2017, for the lesser of 50% of qualified storm shelter costs or $1,000. Requires such a storm shelter to be placed on property adjacent to a dwelling unit owned by the taxpayer.
Bill· HRH.R. 5513 (113th)referred
United States · United States Congress · 17 September 2014
Electric Charging Advancement Reform Act or the E-Car Act - Amends the Internal Revenue Code to replace the tax credit for qualified alternative fuel vehicle refueling property expenditures with a tax credit for 50% of the cost of any qualified electric vehicle recharging property that is: (1) installed on property used as the principal residence of the taxpayer, and (2) for the recharging of motor vehicles propelled by electricity. Terminates such credit after December 31, 2017.
Bill· HRH.R. 5509 (113th)referred
United States · United States Congress · 17 September 2014
College Tuition and Debt Relief Act of 2014 - Amends the Internal Revenue Code to: (1) make permanent the American Opportunity tax credit, (2) increase the allowable amount of such credit and adjust such amount for inflation for taxable years beginning after 2015, and (3) increase the tax deduction for student loan interest and adjust such increased amount for inflation for taxable years beginning after 2015.
Bill· HRH.R. 5508 (113th)referred
United States · United States Congress · 17 September 2014
Student Loan Interest Deduction Fairness Act - Amends the Internal Revenue Code to increase the dollar limitation for the tax deduction for education loan interest to $5,000 in a taxable year for married couples filing joint tax returns (thus eliminating the tax effect known as the marriage penalty).
Bill· HRH.R. 5504 (113th)referred
United States · United States Congress · 17 September 2014
Teacher Tax Relief Act of 2014 - Amends the Internal Revenue Code, with respect to the tax deduction for the expenses of elementary and secondary school teachers, to: (1) allow an inflation adjustment to the amount of such deduction for taxable years beginning after 2013, (2) allow the deduction of professional development expenses, and (3) make such deduction permanent.
Bill· SS. 2827 (113th)referred
United States · United States Congress · 16 September 2014
Make Student Grants Truly Tax-Free Act - Amends the Internal Revenue Code to expand the tax exclusion for scholarships to include amounts received: (1) through a scholarship or fellowship grant program administered by the Secretary of Education that is based on financial need, including a Federal Pell Grant, and (2) as an Iraq and Afghanistan Service grant under the Higher Education Act of 1965.
Bill· SS. 2816 (113th)referred
United States · United States Congress · 16 September 2014
Securing Assistance for Victims' Empowerment (SAVE) Act - Amends the Internal Revenue Code to: (1) eliminate the tax exemption for professional football leagues, and (2) deny a tax exemption for certain professional sports leagues which have annual gross receipts exceeding $10 million. Amends the Family Violence Prevention and Services Act to provide for an increased authorization of appropriations in FY2015 for the family violence prevention and services grant program.
Bill· SS. 2814 (113th)referred
United States · United States Congress · 16 September 2014
National Labor Relations Board Reform Act - Amends the National Labor Relations Act to revise requirements with respect to the National Labor Relations Board (NLRB), the Office of the General Counsel (OGC), and the process for appellate review. Increases NLRB membership from five to six. Requires three members to represent each of the two major political parties and, beginning January 1, 2020, each of the two members whose terms expire on the same date to represent a different major political party. Requires: (1) four NLRB members to constitute a quorum at all times, and (2) any NLRB determination to be approved by a majority of the members present. Specifies tenure, including staggered terms, of NLRB members. Sets forth judicial review procedures for any person subject to a complaint issued or authorized by the OGC. Sets the compensation rate for each NLRB member, in addition to the OGC, at level IV of the Executive Schedule and the Chairman of the NLRB, as under current law, at level III. Requires the NLRB to issue a final order reviewing an appeal of a report of an administrative law judge or decision of a regional director within one year after the report or decision; but if the NLRB does not issue a final order within that time, allows any party to the case to move to discharge it. Deems, upon such a motion, the report or the decision to be a final agency action. Prohibits the NLRB from taking further action on the matter. Reduces authorized appropriations to carry out the Act for each of the succeeding two fiscal years to 80% of the average amount authorized for the prior two fiscal years if, two years after enactment of this Act, the NLRB has failed to issue a final order on more than 90% of the cases pending on (or filed on or after) the date of enactment. Extends such reduced authorization of appropriations if after four years the NLRB has failed to issue a final order on more than 90% of the cases pending on (or filed on or after) the date that is two years after the date of enactment of this Act.
Bill· HRH.R. 5477 (113th)referred
United States · United States Congress · 16 September 2014
Enhancing Educational Opportunities for all Students Act - Amends the Elementary and Secondary Education Act of 1965 to allow a state educational agency to allocate grant funds among local educational agencies based on the number of eligible children (children age 5 to 17 from a family with an income below the poverty level) enrolled in the public schools and the state-accredited private schools within each local agency's geographic jurisdiction. Amends the Internal Revenue Code to: (1) allow payment of home school expenses from Coverdell education savings accounts; (2) remove the dollar limitation on contributions to Coverdell education savings accounts and require such accounts to provide adequate safeguards to prevent contributions from exceeding the amount necessary to provide for the qualified education expenses of the account beneficiary; and (3) allow tax-exempt qualified tuition programs (529 tuition programs) to pay qualified pre-kindergarten, elementary, and secondary education expenses.
Bill· HRH.R. 5490 (113th)referred
United States · United States Congress · 16 September 2014
Wall Street Accountability Through Sustainable Funding Act - Amends the Commodity Exchange Act to require the Commodity Futures Trading Commission (CFTC) to impose fees to recover the cost of the appropriation to the CFTC for the fiscal year. Requires the fees to be imposed on each agreement, contract, or transaction that is a contract of sale of a commodity for future delivery, an option, or a swap. Permits the CFTC to exempt contracts, agreements, or transactions from the fee if the exemption is consistent with: (1) the public interest; (2) the equal treatment of contract markets, derivatives clearing organizations, and market participants; and (3) the operation of a nationwide market system. Establishes the Commodity Futures Trading Commission Reserve Fund in the Treasury and requires the CFTC to impose and collect an additional fee to be deposited into the Fund. Permits the CFTC to obligate amounts in the Fund for long-term investments in information technology and unexpected expenses. Limits the balance in the Fund to $50 million.
Bill· HRH.R. 5497 (113th)referred
United States · United States Congress · 16 September 2014
Film Incentive Reform Act of 2014 - Amends the Internal Revenue Code to: (1) extend through 2015 the election to expense the cost of qualified film, television, and theatrical productions; and (2) include theatrical productions in such expensing allowance. Defines "theatrical production" as a live staged production of a play derived from a written book or script and produced or presented in any venue which has an audience capacity of more than 3,000.
Bill· HRH.R. 5494 (113th)referred
United States · United States Congress · 16 September 2014
Incentives for our Nation's Veterans in Energy Sustainability Technologies or the INVEST Act - Amends the Internal Revenue Code to allow the work opportunity tax credit for the hiring of a specified veteran who works in a field of renewable energy. Defines "specified veteran" as any veteran who is certified as: (1) having received a credential or certification from the Department of Defense (DOD) of a military occupational specialty or skill in a field of renewable energy or with respect to advanced manufacturing, machinist or welding, or engineering; (2) having completed a vocational degree in a field of renewable energy; or (3) having completed a LEED (Leadership in Energy & Environmental Design) certification with the United States Green Building Council.
Bill· HRH.R. 5487 (113th)referred
United States · United States Congress · 16 September 2014
Real Estate Investment and Jobs Act of 2014 - Amends the Internal Revenue Code to: (1) increase from 5% to 10% the allowable ownership interest in real estate investment trust (REIT) stock for purposes of tax exemptions allowed by the Foreign Investment in Real Property Tax Act (FIRPTA) relating to foreign investment in U.S. real property interests; (2) require a U.S. real property holding corporation to make its status readily accessible and publicly available; (3) require brokers who sell an interest in a U.S. real property holding corporation to deduct and withhold 10% on the amount realized from the sale, with specified exceptions; (4) include regulated investment companies (RICs) and real estate investment companies (REITs) in the definition of U.S. real property interests; and (5) deny dividends derived from RICs and REITs a tax deduction for the U.S. source portion of dividends from certain foreign corporations.
Bill· SS. 2806 (113th)referred
United States · United States Congress · 15 September 2014
Dependent Care Savings Account Act of 2014 - Amends the Internal Revenue Code to: (1) establish tax-exempt dependent care savings accounts to pay the employment-related expenses of caring for a dependent of the taxpayer, (2) allow a deduction from gross income (above-the-line deduction) of up to $5,000 in a taxable year for cash contributions to such accounts, (3) set forth rules for the tax treatment of account distributions and for excess contributions to an account, and (4) impose a tax on employers who fail to make comparable contributions to a dependent savings account for all participating employees.
Bill· HRH.R. 5467 (113th)referred
United States · United States Congress · 15 September 2014
Metropolitan Planning Enhancement Act - Revises metropolitan transportation planning organization (MPO) requirements. Prescribes requirements for the designation of new and consolidation of multiple MPOs within a metropolitan statistical area. Defines "consolidated metropolitan planning organization" to mean a sole MPO that serves a metropolitan statistical area. Allows an MPO for an urbanized area with a population over 200,000 to request a high-performing MPO designation from the Secretary of Transportation (DOT). Specifies criteria the Secretary shall consider in making such designation. Revises certain allocations of surface transportation program funds to states for: (1) any areas with a population of fewer (under current law, non-urban areas with more) than 5,000, and (2) urbanized areas with a population over 200,000 that have a high-performing MPO. Makes similar changes to the transportation alternatives program. Extends permanently a state's obligational authority to distribute a specified amount of surface transportation program funds for federal-aid highways and highway safety construction programs in urbanized areas with a population over 200,000, including those areas that have a high-performing MPO. Makes permanent a special rule authorizing a state to obligate up to 15% of its apportionment of surface transportation program funds for each fiscal on roads functionally classified as minor collectors in areas of less than 5,000 population. Revises requirements for the apportionment of state planning funds to MPOs. Requires a state's apportionment to be distributed in accordance with a formula that prioritizes the needs of high-performing MPOs. Requires metropolitan planning organizations to involve public port authorities in metropolitan freight transportation planning. Revises the statewide and nonmetropolitan transportation planning process for the development of statewide transportation plans and statewide transportation improvement programs for federal-aid highway projects. Makes certain changes from discretionary to mandatory with respect to such process. Requires the Secretary to certify at least once every four years that each state has met certain requirements; and other federal laws, regulations, and orders applicable to the statewide and nonmetropolitan and the metropolitan processes. Authorizes the Secretary to withhold up to 20% of a state's apportionment of funds for federal-aid highway projects and public transportation projects if the state fails to meet such certification. Makes similar changes to requirements for public transportation program projects. Eliminates the requirement that the congestion management process be addressed in the metropolitan transportation planning and statewide and nonmetropolitan transportation planning of such projects in: urbanized transportation management areas with a population over 200,000 individuals, and certain nonattainment areas for ozone or carbon monoxide. Revises requirements authorizing a MPO to voluntarily elect to develop multiple scenarios for consideration as part of the development of the metropolitan transportation plan for a metropolitan planning area. Requires a MPO to offer certain interested parties a reasonable opportunity to participate in the development and consideration of those scenarios as well as provide input during the development and implementation of the transportation plan. Prescribes requirements to require MPOs to create a performance-based target achievement process for adding projects to a transportation improvement program.
Bill· HRH.R. 5474 (113th)referred
United States · United States Congress · 15 September 2014
Concrete Pump Tax Fairness Act of 2014 - Amends the Internal Revenue Code to impose a vehicle mileage tax on owners of mobile mounted concrete boom pump vehicles. Defines "mobile mounted concrete boom pump vehicle" as a vehicle which is mobile machinery and on which the mounted machinery consists of a concrete boom pump and related subordinate parts. Directs that revenues from such tax be deposited into the Highway Trust Fund.
Bill· HRH.R. 5465 (113th)referred
United States · United States Congress · 15 September 2014
Middle Class Family Savings Act of 2014 - Amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to: (1) increase the maximum deductible amount for such accounts, and (2) allow payments from such accounts for the medical expenses of children of the account holder who have not attained age 27.
Bill· HRH.R. 5461 (113th)referred
United States · United States Congress · 15 September 2014
Insurance Capital Standards Clarification Act of 2014 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act concerning establishment of minimum leverage and minimum risk-based capital requirements on a consolidated basis for a depository institution holding company or a nonbank financial company supervised by the Board of Governors of the Federal Reserve System. States that federal banking agencies shall not be required to subject any person to such minimum capital requirements, to the extent that such person either: (1) acts in its capacity as a regulated insurance entity regulated by a state insurance regulator, or (2) is a regulated foreign subsidiary engaged in the business of insurance. Exempts from any requirement to prepare holding company financial statements in accordance with Generally Accepted Accounting Principles any Board-supervised depository institution holding company or nonbank financial company that is also a person regulated by a state insurance regulator or a regulated foreign subsidiary (or a regulated foreign affiliate) that files its holding company financial statements using only Statutory Accounting Principles in accordance with state law. Restoring Proven Financing for American Employers Act - Amends the Bank Holding Company Act of 1956 with respect to certain prohibitions on proprietary trading by banking entities and certain relationships with hedge funds and private equity funds (Volcker Rule). Prohibits the Volcker Rule from being construed to require divestiture of any debt securities of collateralized loan obligations issued before January 31, 2014. Declares that a banking entity shall not be considered to have an ownership interest in a collateralized loan obligation because it acquires or retains a debt security in it if the debt security has no indicia of ownership other than the right of the banking entity to participate in the removal for cause, or in the selection of a replacement after removal for cause or resignation, of an investment manager or investment adviser of the collateralized loan obligation. Defines "collateralized loan obligation" as any issuing entity of an asset-backed security comprised primarily of commercial loans. Mortgage Choice Act of 2014 - Amends the Truth in Lending Act regarding requirements for disclosure to a consumer of points and fees information about a consumer credit transaction, secured by the consumer's principal dwelling, but which is neither a residential mortgage transaction, a reverse mortgage transaction, nor a transaction under an open end credit plan, when the total points and fees the consumer must pay at or before closing will exceed 8% of the total loan amount or $400, whichever is greater. (Such consumer credit transactions might include an equity credit line to which consumer purchases or leases may be charged.) Excludes from the computation of such points and fees any escrow for future payment of insurance. Modifies the criteria for exclusion from the computation of points and fees of certain reasonable charges elsewhere exempted from the computation of the finance charge in extensions of credit secured by an interest in real property. Excludes from points and fees any such reasonable charges even though a creditor receives compensation, but only in so far as the creditor or its affiliate retains the compensation as a result of their participation in an affiliated business arrangement. (An "affiliated business arrangement" is one in which: (1) a person who is in a position to refer business incident to or a part of a real estate settlement service involving a federally related mortgage loan, or an associate of such person, has either an affiliate relationship with or a direct or beneficial ownership interest of more than 1% in a provider of settlement services; and (2) either of such persons directly or indirectly refers such business to that provider or affirmatively influences the provider's selection.) Revises the additional requirement that such a reasonable charge be paid to a third party unaffiliated with the creditor. Requires the charge to be either: (1) a bona fide third party charge not retained by the mortgage originator, creditor, or an affiliate; or (2) a fee or premium for title examination, title insurance, or similar purposes. Modifies the conditions under which federal agencies may exempt refinancings under a streamlined refinancing from an income verification requirement that the consumer has a reasonable ability to repay the loan and all applicable taxes, insurance, and assessments. Repeals the exception for bona fide third party charges not retained by the mortgage originator, creditor, or an affiliate from the requirement that total points and fees not exceed 3% of the total new loan amount. (Thus subjects such charges to the same 3% ceiling.) Business Risk Mitigation and Price Stabilization Act of 2013 - Amends the Commodity Exchange Act (CEA) to exempt, from the rules of prudential regulators for swap dealers and major swap participants with respect to initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization, those swaps in which one of the counterparties: (1) is eligible for an exception from clearing requirements because it is not a financial entity, uses swaps to hedge or mitigate commercial risk, and notifies the Commodity Futures Trading Commission (CFTC) how it meets financial obligations associated with entering into non-cleared swaps; or (2) satisfies specified criteria governing treatment of affiliates in connection with clearing requirements. Amends the Securities Exchange Act of 1934, regarding registration and regulation of security-based swap dealers and major security-based swap participants, to exempt from initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization a security-based swap in which one of the counterparties: (1) qualifies for a specified exception from clearing requirements, or (2) satisfies certain criteria governing the treatment of affiliates.
Bill· HRH.R. 4 (113th)open
United States · United States Congress · 15 September 2014
Jobs for America Act - Division I: Ways and Means - Title I: Save American Workers - Save American Workers Act of 2014 - Amends the Internal Revenue Code to redefine "full-time employee," for purposes of the mandate requiring employers to provide health care coverage for their employees, as an employee who is employed on average at least 40 hours of service a week (currently, at least 30 hours of service a week). Title II: Hire More Heroes - Hire More Heroes Act of 2014 - Amends the Internal Revenue Code to permit an employer, for purposes of determining whether such employer is an applicable large employer and thus required to provide health care coverage to its employees under the Patient Protection and Affordable Care Act, to exclude employees who have coverage under a health care program administered by the Department of Defense (DOD), including TRICARE, or the Department of Veterans Affairs (VA). Title III: American Research and Competitiveness - American Research and Competitiveness Act of 2014 - Amends the Internal Revenue Code, with respect to the tax credit for research expenses, to establish a 20% tax rate for such credit and make such credit permanent. Title IV: America's Small Business Tax Relief - America's Small Business Tax Relief Act of 2014 - Amends the Internal Revenue Code, with respect to the expensing allowance for depreciable business property, to make permanent: (1) the increased $500,000 expensing allowance for such property, (2) the increased $2,000,000 threshold amount for such property over which the amount of the expensing allowance is reduced, (3) expensing of computer software, and (4) rules for the expensing of qualified real property (i.e., leasehold improvement, restaurant, and retail improvement property). Allows an inflation adjustment to the dollar amounts of the expensing allowance for taxable years beginning after 2014. Makes air conditioning and heating units eligible for the expensing allowance. Title V: S Corporation Permanent Tax Relief - S Corporation Permanent Tax Relief Act of 2014 - Amends the Internal Revenue Code, with respect to the taxation of S corporations, to make permanent: (1) the reduction of the period (from 10 years to 5 years) during which the built-in gains of such corporations are subject to tax, and (2) the rule requiring an adjustment to the basis of a shareholder's stock in an S corporation that makes tax deductible contributions of appreciated property. Title VI: Bonus Depreciation Modified and Made Permanent - Amends the Internal Revenue Code to: (1) make permanent the additional 50% depreciation allowance (bonus depreciation) for qualified property (i.e., property which has a recovery period of 20 years or less and is computer software, water utility property, or qualified leasehold or retail improvement property); (2) make permanent the election to increase the alternative minimum tax (AMT) credit limitation in lieu of bonus depreciation; and (3) allow an additional depreciation allowance for a tree or vine bearing fruits or nuts, in the taxable year in which the tree or vine is planted or grafted to a plant in the ordinary course of the taxpayer's farming business. Title VII: Repeal of Medical Device Excise Tax - Repeals the excise tax on medical devices. Division II: Financial Services - Title I: Small Business Capital Access And Job Preservation - Small Business Capital Access And Job Preservation Act - Amends the Investment Advisers Act of 1940 to exempt private equity fund investment advisers from its registration and reporting requirements, provided that each private equity fund has not borrowed and does not have outstanding a principal amount exceeding twice its invested capital commitments. Directs the Securities and Exchange Commission (SEC) to promulgate final rules that: (1) require such investment advisers to maintain records the SEC may require, taking into account fund size, governance, investment strategy, and risk; and (2) define the term "private equity fund" for purposes of this Act. Title II: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification - Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2014 - Amends the Securities Exchange Act of 1934 to exempt from its registration requirements certain merger and acquisition brokers and associated persons. Denies such registration exemption, however, to brokers who: (1) receive, hold, transmit, or have custody of any funds or securities to be exchanged by parties to a transfer of ownership of an eligible privately held company; or (2) engage on behalf of an issuer in a public offering of securities that are either subject to mandatory registration, or with respect to which the issuer must file periodic information, documents, and reports. Prohibits this Act from being construed to limit any other authority of the SEC to exempt any person, or any class of persons, from any provision of this Act, including any related rule or regulation. Division III: Oversight - Subdivision A: Unfunded Mandates Information and Transparency - Unfunded Mandates Information and Transparency Act of 2014 -Amends the Congressional Budget Act of 1974 to require Congressional Budget Office (CBO) studies on the costs for state, local, or tribal governments to comply with changes to conditions of federal assistance. Expands the point of order against legislation increasing the costs of federal intergovernmental mandates above the statutory threshold to include private sector mandates. Amends the Unfunded Mandates Reform Act of 1995 to establish principles for agencies to use in assessing the effects of federal regulatory actions. Expands the scope of agency statements accompanying significant regulatory actions to require a more detailed analysis of the effect on state, local, tribal governments, or the private sector. Revises the process for consulting state, local, and tribal governments about proposed regulations to include private sector input. Requires the Office of Information and Regulatory Affairs to provide guidance and oversight so that each agency's regulations are consistent with this title, other laws, and policies of other agencies. Expands judicial review to include agency assessments of regulations and selection of the least costly or least burdensome regulatory alternative. Subdivision B: Achieving Less Excess in Regulation and Requiring Transparency - Achieving Less Excess in Regulation and Requiring Transparency Act of 2014 or the ALERRT Act of 2014 - Title I: All Economic Regulations Are Transparent Act - All Economic Regulations are Transparent Act of 2014 or the ALERT Act of 2014 - Requires the head of each federal agency to submit a monthly report to the Administrator of the Office of Information and Regulatory Affairs of the Office of Management and Budget (OMB) for each rule such agency expects to propose or finalize during the following year. Requires the Administrator to publish in the Federal Register, by October 1 of each year, information that the Administrator receives from each agency under this Act and statistics on each rule proposed by an agency. Requires the Administrator to make publicly available on the Internet, by October 1 of each year, the analysis of the costs or benefits of each proposed or final rule issued by an agency for the previous year and other information pertaining to each such rule. Prohibits a rule from taking effect until the information required by this Act is posted on the Internet for not less than six months, with exceptions. Title II: Regulatory Accountability Act - Regulatory Accountability Act of 2014 - Revises procedures for rulemaking under the Administrative Procedure Act (APA) to require a federal agency to make all preliminary and final factual determinations based on evidence and to consider other criteria in evaluating a rule. Revises rulemaking notice requirements. Imposes new requirements for issuing any major guidance or guidance that involves a novel legal or policy issue arising out of statutory mandates. Provides for electronic access to transcripts of testimony and exhibits and other papers filed in a rulemaking proceeding. Requires the record of decision in a rulemaking proceeding to include information from a hearing under the Information Quality Act or information on a high-impact rule. Requires an agency to grant a petition for a hearing in the case of a major rule, unless the agency reasonably determines that a hearing would not advance consideration of the rule or would unreasonably delay completion of the rulemaking. Provides that an agency's denial of an Information Quality Act petition, or a failure to grant or deny such petition within 90 days, is reviewable by a court as a final action. Allows immediate judicial review of interim rules issued without compliance with the notice requirements of this Act, other than in cases involving national security interests. Revises standards for the scope of judicial review of agency rulemaking. Defines "substantial evidence" for purposes of evaluating agency adjudications and for rulemaking under APA. Title III: Regulatory Flexibility Improvements Act - Regulatory Flexibility Improvements Act of 2014 - Amends the Regulatory Flexibility Act of 1980 (RFA) to revise the definitions of "rule" and "economic impact" under such Act. Requires initial and final regulatory flexibility analyses to: (1) describe alternatives to a proposed rule that minimize any adverse significant economic impact or that maximize the beneficial significant economic impact on small entities, and (2) include revisions or amendments to a land management plan developed by the Secretary of Agriculture or the Secretary of the Interior under specified Acts. Requires each federal agency to include in its regulatory flexibility agenda a brief description of the sector of the North American Industrial Classification System that is affected by a proposed agency rule that is likely to have a significant economic impact on a substantial number of small entities. Requires an agency's detailed statement in an initial regulatory flexibility analysis to include an estimate of the additional cumulative economic impact of the proposed rule on small entities and a description of any disproportionate economic impact on small entities or a specific class of such entities. Requires an agency, in developing an initial and final regulatory flexibility analysis, to provide: (1) a quantifiable or numerical description of the effects of a proposed or final rule and alternatives to such rule, or (2) a more general descriptive statement and a detailed statement explaining why quantification is not practicable or reliable. Repeals provisions allowing a waiver or delay of the completion of an initial regulatory flexibility analysis. Revises requirements for agency notification of the SBA Chief Counsel for Advocacy prior to the publication of any proposed rule. Provides for judicial review of an agency final rule for compliance with RFA requirements after publication of such rule. Amends the Small Business Act to authorize the Small Business Administration's (SBA's) Chief Counsel for Advocacy to specify detailed definitions or standards by which a business may be determined to be a small business (size standard). Amends the Small Business Regulatory Enforcement Fairness Act of 1996 to require federal agencies, in developing small entity compliance guides, to solicit input from affected small entities or associations of small entities. Requires the Comptroller General to complete and publish a study that examines whether the SBA Chief Counsel for Advocacy has the capacity and resources to carry out the duties of Chief Counsel under this Act. Title IV: Sunshine for Regulatory Decrees and Settlements Act - Sunshine for Regulatory Decrees and Settlements Act of 2014 - Defines a "covered civil action" as a civil action seeking to compel agency action and alleging that an agency is unlawfully withholding or unreasonably delaying an agency action relating to a regulatory action that would affect the rights of: (1) private persons other than the person bringing the action; or (2) a state, local, or tribal government. Defines a "covered consent decree" and a "covered settlement agreement" as: (1) a consent decree or settlement agreement entered into in a covered civil action; and (2) any other consent decree or settlement agreement that requires agency action relating to a regulatory action affecting the rights of private persons other than the person bringing the action or a state, local, or tribal government. Requires an agency against which a covered civil action is brought to publish the notice of intent to sue and the complaint in a readily accessible manner and to provide interested parties an opportunity to intervene and to conduct settlement negotiations through mediation. Requires an agency seeking to enter a covered consent decree or settlement agreement to publish such decree or agreement in the Federal Register and online. Requires a court to grant de novo review to any motion filed by an agency to modify a previously-entered consent decree if the basis of such motion is that the terms of the decree are no longer fully in the public interest due to the agency's obligations to fulfill other duties or due to changed facts and circumstances. Division IV: Judiciary - Title I: Regulations From The Executive In Need Of Scrutiny - Regulations From the Executive in Need of Scrutiny Act of 2014 - States that the purpose of this Act is to increase accountability for and transparency in the federal regulatory process by requiring Congress to approve all new major regulations. Revises provisions relating to congressional review of agency rulemaking to require a federal agency promulgating a rule to include in its report to Congress and to the Comptroller General a classification of the rule as a major or nonmajor rule. Requires a joint resolution of approval of major rules to be enacted before such rules may take effect. Provides that if a joint resolution of approval is not enacted by the end of 70 session days or legislative days, as applicable, after the agency proposing the rule submits its report on such rule to Congress, the major rule shall be deemed not to be approved and shall not take effect. Permits a major rule to take effect for one 90-calendar-day period without such approval if the President determines it is necessary because of an imminent threat to health or safety or other emergency, for the enforcement of criminal laws, for national security, or to implement an international trade agreement. Sets forth the congressional approval procedure for major rules and the congressional disapproval procedure for nonmajor rules. Requires the introduction of a joint resolution addressing a report classifying a rule as a major rule within three legislative days in the House of Representative and three session days in the Senate. Prohibits any amendments to such a joint resolution at any stage of the legislative process. Provides for expedited consideration of a joint resolution of approval and requires a vote on such resolution in the Senate within 15 session days after it is reported by the committee to which it was referred, or after such committee has been discharged from further consideration of the resolution. Allows a court to review whether an agency has completed the necessary requirements under this Act for a rule to take effect. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 to provide that any congressional approval procedure set forth in this Act affecting budget authority, outlays, or receipts shall be assumed to be effective unless it is not approved in accordance with this Act. Directs the Comptroller General (GAO) to conduct and report on a study to determine how many rules and major rules were in effect as of the date of enactment of this Act and the total estimated economic cost imposed by all such rules. Title II: Permanent Internet Tax Freedom - Permanent Internet Tax Freedom Act - Amends the Internet Tax Freedom Act to make permanent the ban on state and local taxation of Internet access and on multiple or discriminatory taxes on electronic commerce. Division V: Natural Resources - Subdivision A: Restoring Healthy Forests for Healthy Communities - Restoring Healthy Forests for Healthy Communities Act - Title I: Restoring the Commitment to Rural Counties and Schools - Directs the Secretary of Agriculture (USDA) to establish at least one Forest Reserve Revenue Area within each unit of the National Forest System (NFS) designated for sustainable forest management for the production of national forest materials (the sale of trees, portions of trees, or forest products from NFS lands) and forest reserve revenues (to be derived from the sale of such materials in such an Area). Title II: Healthy Forest Management and Catastrophic Wildfire Prevention - Authorizes the Secretary of Agriculture, with respect to NFS land, and the Secretary of the Interior, with respect to public lands, to implement a hazardous fuel reduction project or forest health project in at-risk forests in a manner that focuses on surface, ladder, and canopy fuels reduction activities. Allows a state governor to designate high-risk areas of federal land in the state for purposes of addressing: (1) deteriorating forest health conditions due to the bark beetle epidemic or drought, with the resulting imminent risk of devastating wildfires; and (2) the future risk of insect infestations or disease outbreaks through preventative treatments to improve forest health conditions. Title III: Oregon and California Railroad Grant Lands Trust, Conservation, and Jobs - O&C Trust, Conservation, and Jobs Act - Establishes the Oregon and California Railroad Grant Lands Trust to produce annual maximum sustained revenues in perpetuity for Trust counties by managing the timber resources on Trust lands. Directs the Secretary of the Interior to transfer administrative jurisdiction over all Oregon and California Railroad Grant lands and O&C Region Public Domain lands not designated as O&C Trust lands, except for certain tribal lands, to the Secretary of Agriculture for inclusion in the NFS. Requires the Secretary of Agriculture to appoint an Old Growth Review Panel to define old growth as it applies to the ecologically, geographically, and climatologically unique Oregon and California Railroad Grant lands and O&C Region Public Domain lands managed by the O&C Trust or the Forest Service only (but not to tribal lands). Directs the Secretary of the Interior to transfer management authority over the reconveyed Coos Bay Wagon Road Grant lands, with certain exceptions, and their surface resources to the Coos County government in Oregon. Designates certain federal land in Oregon as the Devil's Staircase Wilderness for inclusion in the National Wilderness Preservation System. Amends the Wild and Scenic Rivers Act to designate specified segments of the Molalla River and the Rogue River in Oregon as components of the National Wild and Scenic Rivers System. Holds in trust for the Cow Creek Band of Umpqua Tribe of Indians all interest of the United States in and to the Council Creek specified land composed of approximately 17,519 acres. Makes that land part of the Tribe's reservation. Holds in trust for the Confederated Tribes of Coos, Lower Umpqua, and Siuslaw Indians all interest of the United States in and to approximately 14,804 acres of specified federal land. Makes that land part of the Tribes' reservation. Title IV: Community Forest Management Demonstration - Directs the Secretary of Agriculture to establish the community forest demonstration area of a state. Conditions establishment of an area upon: (1) inclusion of at least 200,000 acres of NFS land; (2) a state forest practices law applicable to state or privately owned forest land, or established silvicultural best management practices or other regulations for forest management practices related to clean water, soil quality, wildlife, or forest health; and (3) a revenue-sharing agreement between a county and the state governor requiring the county, in using certain revenues received from the area, to continue to meet obligations for the use of such revenues for the benefit of public schools and roads. Limits to a total of 4 million acres the amount of NFS land that may be established as community forest demonstration areas. Title V: Reauthorization and Amendment of Existing Authorities and Other Matters - Directs the Secretary of Agriculture, during February 2015, to distribute to each beneficiary county a payment equal to the amount distributed to the county for FY2010 under the Secure Rural Schools and Community Self-Determination Act of 2000. Directs the Secretary of the Interior, during February 2015, to distribute to all counties that received a payment for FY2010new payments totalling the difference between: (1) the total amount distributed to all such counties for FY2010, and (2) $27 million. Subdivision B: National Strategic and Critical Minerals Production - National Strategic and Critical Minerals Production Act of 2014 - Title I: Development Of Domestic Sources Of Strategic And Critical Minerals - Deems a domestic mine that will provide strategic and critical minerals to be an "infrastructure project" as described in Presidential Order "Improving Performance of Federal Permitting and Review of Infrastructure Projects" dated March 22, 2012. Sets forth the responsibilities of the lead agency (federal, state, local, tribal, or Alaska Native Corporation) with responsibility for issuing a mineral exploration or mine permit with respect to project coordination, agency consultation, project proponents, contractors, and the status and scope of any environmental impact statement. Requires the lead agency to determine that any such action does not constitute a major federal action significantly affecting the quality of the human environment under the National Environmental Policy Act of 1969 if the procedural and substantive safeguards of the lead agency's permitting process alone, any applicable state permitting process alone, or a combination of the two processes together, provide an adequate mechanism to ensure that environmental factors are taken into account. Requires the lead agency's project lead, at a project proponent's request, to enter into an agreement with the project proponent and other cooperating agencies that sets time limits for each part of the permitting process. Applies this Act to a mineral exploration or mine permit for which an application was submitted before enactment of this Act if the applicant so requests in writing. Requires the lead agency, with respect to strategic and critical minerals within a federally administered unit of the NFS, to: (1) exempt from federal regulations governing Special Areas all areas of identified mineral resources in Land Use Designations (other than Non-Development Land Use Designations); (2) apply such exemption to all additional routes and areas that the agency finds necessary to facilitate the construction, operation, maintenance, and restoration of the areas of the identified mineral resources; and (3) continue to apply such exemptions after approval of the Minerals Plan of Operations for the unit. Title II: Judicial Review of Agency Actions Relating to Exploration and Mine Permits - Authorizes the holder of a mineral exploration or mine permit to intervene as of right in any covered civil action by a person affecting rights or obligations of the permit holder under the permit. Bars a civil action claiming legal wrong caused by an agency action unless it is filed within the end of the 60-day period beginning on the date of the final federal agency action to which it relates. Requires the court to hear and determine any covered civil action as expeditiously as possible. Prohibits the court, in a covered civil action, from granting or approving prospective relief unless it finds that it is narrowly drawn, extends no further than necessary to correct the violation of a legal requirement, and is the least intrusive means necessary to correct such violation. Prohibits payment from the federal government for court costs of a party in such a civil action, including attorneys' fees and expenses. Title III: Miscellaneous Provisions - Prohibits the construction of this subdivision to affect any aspect of Secretarial Order 3324, issued by the Secretary of the Interior on December 3, 2012, with respect to potash and oil and gas operators.
Resolution· HRESH.Res. 722 (113th)passed
United States · United States Congress · 15 September 2014
Sets forth the rule for consideration of the joint resolution (H.J. Res. 124) making continuing appropriations for fiscal year 2015.
Bill· SS. 2792 (113th)referred
United States · United States Congress · 11 September 2014
Apprenticeship and Jobs Training Act of 2014 - Amends the Internal Revenue Code to allow employers a business-related tax credit for up to $5,000 for the training of a qualified individual in a qualified apprenticeship program. Defines a "qualified individual" as an individual who: (1) is an apprentice participating in a qualified apprenticeship program, (2) has been employed in such a program for a period of at least seven months that ends within the taxable year, and (3) is not a highly compensated employee or a seasonal worker. Defines a "qualified apprenticeship program" as a program that: (1) provides qualified individuals with on-the-job training and instruction for a qualified occupation (i.e., a skilled trade occupation in a high-demand mechanical, technical, health care, or technology field); (2) is registered with the Office of Apprenticeship of the Department of Labor; and (3) maintains records relating to the qualified individual. Allows a premature distribution, without penalty, from a tax-qualified retirement plan to an employee who is serving as a mentor. Defines a "mentor" as a working individual who: (1) has attained age 55; (2) works reduced hours and engages in mentoring activities for at least 20% of such hours; and (3) is responsible for the training and education of employees or students in an area of expertise for which such individual has a professional credential, certificate, or degree.
Resolution· SRESS.Res. 542 (113th)passed
United States · United States Congress · 11 September 2014
Supports the goals and ideals of National Save for Retirement Week, acknowledging the need to raise public awareness of: (1) the importance of saving adequately for retirement, and (2) a variety of ways to save for retirement favored under the Internal Revenue Code.
Bill· HRH.R. 5457 (113th)referred
United States · United States Congress · 11 September 2014
Fueling America's Future Act of 2014 - Amends the Internal Revenue Code, with respect to the tax treatment of zero carbon emission refueling property, to: (1) exempt the tax credit for such property from the limitation applicable to the alternative fuel vehicle refueling property tax credit; (2) extend through December 31, 2024, the termination date of the alternative fuel vehicle refueling property tax credit allowed for zero carbon emission refueling property; and (3) exclude from gross income, for income tax purposes, income derived from the operation of zero carbon emission refueling property placed in service prior to 2025. Defines "zero carbon emission fuel" as any fuel that does not emit carbon when used as a fuel to propel a motor vehicle.
Bill· SS. 2789 (113th)referred
United States · United States Congress · 10 September 2014
IDEA Full Funding Act - Amends the Individuals with Disabilities Education Act (IDEA) to reauthorize and make appropriations through FY2024 for the grant program to assist states and outlying areas to provide special education and related services to children with disabilities. Amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax). Establishes the amount of such tax as the excess (if any) of the tentative fair share tax over the excess of: (1) the sum of the taxpayer's regular tax liability, the alternative minimum tax (AMT) amount, and the payroll tax for the taxable year; over (2) certain tax credits. Provides for a phase-in of such tax. Requires an inflation adjustment to the $1 million income threshold for taxable years beginning after 2016.
Bill· SS. 2786 (113th)referred
United States · United States Congress · 10 September 2014
Corporate Inverters Earnings Stripping Reform Act of 2014 - Amends the Internal Revenue Code to impose limitations on the tax deduction for interest paid by corporations which are designated as applicable entities (i.e., members of an expanded affiliated group which includes a surrogate foreign corporation which is not treated as a domestic corporation). Prohibits such an entity from claiming a tax deduction for interest that exceeds 25% of its adjusted taxable income and from carrying forward interest which is paid or accrued during the first year in which such entity becomes an applicable entity. Requires an applicable entity to file an annual application for an approval agreement (i.e., a prefiling, advance pricing, or other agreement involving a related-party transaction) with the Internal Revenue Service (IRS) during the 10-year period after it becomes an applicable entity.
Bill· HRH.R. 5444 (113th)referred
United States · United States Congress · 10 September 2014
Corporate Fair Share Tax Act - Amends the Internal Revenue Code to limit the tax deduction of the interest expense of a U.S. corporation that is a member of a financial reporting group (a group that prepares consolidated financial statements according to accepted accounting principles or international financial reporting standards) to: (1) the amount of interest on indebtedness of the corporation includible in the corporation's gross income for the taxable year plus its proportionate share of the group's net interest expense in the taxable year; or (2) 10% of the corporation's adjusted taxable income, if the corporation fails to substantiate its proportionate share of interest expense. Exempts a corporation that is predominantly engaged in the active conduct of a banking, financing, or similar business or that has less than $5 million of net interest expense for the taxable year.
Bill· HRH.R. 5443 (113th)referred
United States · United States Congress · 10 September 2014
Putting America First Corporate Tax Act - Amends the Internal Revenue Code to include in subpart F income (income of a controlled foreign corporation earned outside the United States that is not tax deferred): (1) a shareholder's pro rata share of the average of certain U.S. and foreign property held by a controlled foreign corporation as of the close of each quarter of a taxable year, and (2) the income of a controlled foreign corporation derived from any foreign country.
Bill· HRH.R. 5442 (113th)referred
United States · United States Congress · 10 September 2014
Corporate Transparency and Accountability Act - Amends the Securities Exchange Act of 1934 to require each issuer of a security required to file an annual or quarterly report to disclose in that report: (1) the issuer's total pre-tax profit during the period covered, and (2) the total amount paid by the issuer in state and federal taxes during that period.
Bill· HRH.R. 5438 (113th)referred
United States · United States Congress · 10 September 2014
Tanning Tax Repeal Act of 2014 - Amends the Internal Revenue Code to repeal the 10% excise tax on indoor tanning services.
Bill· HRH.R. 5433 (113th)referred
United States · United States Congress · 10 September 2014
Stop Funding Terrorism Act - Prohibits any direct U.S. assistance, loan guarantee, or debt relief to the Palestinian Authority (PA) or any affiliated governing entity or leadership organization. States that such prohibition shall have no effect for a fiscal year if the President certifies to Congress that the PA has: formally recognized Israel's right to exist as a Jewish state and publicly recognized the state of Israel, renounced terrorism and purged all individuals with terrorist ties from the security services, terminated funding of anti-American and anti-Israel incitement, publicly pledged to not engage in war with Israel, and honored previous diplomatic agreements.