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Also tagged in: Auditing, Bank failures, Economic policy, Economic stabilization, Employee selection, Federal employees, Financial crises, Government employees, Governmental investigations, Inspectors general, Politics and government
Latest Action: 12/10/2008 - Referred to the House Committee on Financial Services. Bill TextTo amend the Emergency Economic Stabilization Act of 2008 (Public Law 110-343) to provide the Special Inspector General with additional personnel, audit, and investigation authorities, and for other purposes. 12/10/2008--Introduced. Special Inspector General for the Troubled Asset Relief Program Act of 2008 - Amends the Emergency Economic Stabilization Act of 2008 to authorize the Special Inspector General to exercise specified employment authorities for additional personnel, but not after six months following enactment of this Act. Authorizes the Special Inspector General to conduct, supervise, and coordinate an audit or investigation of any action taken under such Act, except any action related to: (1) graduated authorization to purchase troubled assets; (2) oversight and audits by the Comptroller General; (3) the Comptroller General's study and report on margin authority; and (4) the Congressional Oversight Panel.
Also tagged in: Aircraft, Antitrust law, Appropriations, Automobile industry, Bank failures, Bank loans, Bank records, Bankruptcy, Budgets, Business, Business records, Buy American, Capital investments, Congress, Congressional investigations, Congressional oversight, Congressional reporting requirements, Corporate finance, Corporate governance, Corporate management, Corporate reorganizations, Deposit insurance, Dividends, Economic policy, Economic stabilization, Electric vehicles, Energy, Energy efficiency, Environmental protection, Executive compensation, Fringe benefits, Fuel consumption, Golden parachutes, Government and business, Government information, Government lending, Government ownership, Government paperwork, Income tax, Inspectors general, International competitiveness, Judicial compensation, Law, Leases, Light rail transit, Losses, Mass rapid transit, Motor buses, Politics and government, Presidential appointments, Presidents, Private aviation, Product development, Public contracts, Railroad equipment, Stocks, Supreme Court justices, Tax deductions, Taxation, Trade, Transportation
Latest Action: 12/11/2008 - Received in the Senate. Bill TextTo authorize financial assistance to eligible automobile manufacturers, and for other purposes. 12/10/2008--Passed House amended. (There is 1 other summary) Auto Industry Financing and Restructuring Act - (Sec. 3) Directs the President to designate one or more executive branch officers (designee) to carry out the purposes of this Act. Requires such designee to have appropriate expertise to facilitate the restructuring necessary to achieve the long-term financial viability of domestic automobile manufacturers. (Sec. 4) Requires the designee to authorize and direct the disbursement of bridge loans or to enter into commitments for lines of credit to each automobile manufacturer that submitted to Congress a plan on December 2, 2008, and request for such loan or commitment ("automaker," for purposes of this Act). Establishes as the amount of such assistance the amount intended to facilitate continued operations of the automaker and prevent [...] show full description
Also tagged in: Advice and consent of the Senate, Auditing, Bank failures, Congress, Congressional oversight, Congressional reporting requirements, Economic policy, Economic stabilization, Federal employees, Financial crises, Financial services, Government employees, Government information, Government publicity, Governmental investigations, Inspectors general, Politics and government, Presidential appointments, Presidents
Latest Action: 12/10/2008 - Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S10884-10885; text as passed Senate: CR S10884-10885) Bill TextA bill to amend the Emergency Economic Stabilization Act of 2008 (division A of Public Law 110-343) to provide the Special Inspector General with additional authorities and responsibilities, and for other purposes. 12/10/2008--Passed Senate without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Special Inspector General for the Troubled Asset Relief Program Act of 2008 - Amends the Emergency Economic Stabilization Act of 2008 to grant the Special Inspector General (SIG) authority to conduct, supervise, and coordinate an audit or investigation of any action taken with regard to the Troubled Asset Relief Program (TARP) that the SIG deems appropriate. Prohibits any audit or investigation, however, of any action related to: (1) graduated authorization to purchase troubled assets; (2) oversight and audits by the Comptroller General; (3) [...] show full description
Also tagged in: Auditing, Bank failures, Economic policy, Economic stabilization, Employee selection, Federal employees, Financial crises, Government employees, Governmental investigations, Inspectors general, Politics and government
Latest Action: 11/20/2008 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to amend the Emergency Economic Stabilization Act of 2008 (Public Law 110-343) to provide the Special Inspector General with additional personnel, audit, and investigation authorities. 11/20/2008--Introduced. Special Inspector General for the Troubled Asset Relief Program Act of 2008 - Amends the Emergency Economic Stabilization Act of 2008 to authorize the Special Inspector General to exercise specified employment authorities for additional personnel, but not after six months following enactment of this Act. Authorizes the Special Inspector General to conduct, supervise, and coordinate an audit or investigation of any action taken under such Act, except any action related to: (1) graduated authorization to purchase troubled assets; (2) oversight and audits by the Comptroller General; (3) the Comptroller General's study and report on margin authority; and (4) the Congressional Oversight Panel.
Also tagged in: Authorization, Bank failures, Bank fraud, Budgets, Criminal investigation, Criminal justice, Department of Justice, Executive departments, Federal Bureau of Investigation (FBI), Federal law enforcement officers, Government employees, Insider trading in securities, Recruiting of employees
Latest Action: 11/19/2008 - Sponsor introductory remarks on measure. (CR S10665) Bill TextA bill to authorize additional Federal Bureau of Investigation field agents to investigate financial crimes. 11/19/2008--Introduced. FBI Priorities Act of 2008 - Authorizes appropriations for FY2009-FY2013 to fund 1,000 additional Federal Bureau of Investigation (FBI) field agents to investigate financial crimes.
Latest Action: 11/19/2008 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to exclude from gross income compensation received by employees consisting of qualified distributions of employer stock. 11/19/2008--Introduced. Amends the Internal Revenue Code to exclude from the gross income of an employee: (1) shares of stock received from an employer in a qualified employee stock distribution not exceeding the lowest number of shares received by any employee in such distribution; (2) any gain on such stock if held by such employee for not less than 10 years, and (3) in the case of any qualified disposition of stock that meets such holding requirement, any gain on so much stock acquired during the 60-day period beginning on the date of such disposition as does not exceed the fair market value of the stock so disposed. .
Also tagged in: Automobiles, Consumer credit, Consumers, Excise tax, Income tax, Interest, Local taxation, Sales tax, State and local government, State taxation, Tax deductions, Taxation, Transportation
Latest Action: 11/19/2008 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to allow an above-the-line deduction against individual income tax for interest on indebtedness and for State and local sales and excise taxes with respect to the purchase of certain motor vehicles. 11/19/2008--Introduced. Amends the Internal Revenue Code to allow individual taxpayers a deduction from gross income for: (1) interest paid on indebtedness (up to $49,500) incurred after November 12, 2008, and before January 1, 2010, for the purchase of a motor vehicle (i.e., passenger automobile or light truck) with a gross vehicle weight rating of not more than 8,500 pounds; and (2) state and local sales and excise taxes imposed on the purchase of such a motor vehicle.
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Latest Action: 11/19/2008 - Sponsor introductory remarks on measure. (CR S10607) Bill TextA bill making supplemental appropriations for job creation and preservation, infrastructure investment, and economic and energy assistance for the fiscal year ending September 30, 2009, and for other purposes. 11/17/2008--Introduced. Economic Recovery Act of 2008 - Makes supplemental appropriations for FY2009 for infrastructure, energy, and economic recovery for: (1) the Department of Agriculture; (2) the Department of Commerce; (3) the Department of Justice (DOJ); (4) the National Aeronautics and Space Administration (NASA); (5) the Legal Services Corporation; (6) the Department of Defense (DOD) - Civil for the Department of the Army Corps of Engineer; (7) the Department of Energy (DOE); (8) the Department of the Treasury, including the Office of Inspector General; (9) the Commodity Futures Trading Commission (CFTC); (10) the General Services Administration (GSA); (11) the Small Business Administration (SBA); (12) the Department of Homeland Security (DHS); (13) the Department [...] show full description
Also tagged in: Automobiles, Consumer credit, Consumers, Excise tax, Income tax, Interest, Local taxation, Sales tax, State and local government, State taxation, Tax deductions, Taxation, Transportation
Latest Action: 11/19/2008 - Sponsor introductory remarks on measure. (CR S10609-10610) Bill TextA bill to amend the Internal Revenue Code of 1986 to allow an above-the-line deduction against individual income tax for interest in indebtedness and for State sales and excise taxes with respect to the purchase of certain motor vehicles. 11/17/2008--Introduced. Amends the Internal Revenue Code to allow individual taxpayers a deduction from gross income for: (1) interest paid on indebtedness (up to $49,500) incurred after November 12, 2008, and before January 1, 2010, for the purchase of a motor vehicle (i.e., passenger automobile or light truck) with a gross vehicle weight rating of not more than 8,500 pounds; and (2) state and local sales and excise taxes imposed on the purchase of such a motor vehicle.
Latest Action: 11/19/2008 - Referred to the House Committee on Financial Services. Bill TextRelating to the disapproval of obligations under the Emergency Economic Stabilization Act of 2008. 11/19/2008--Introduced. Disapproves the obligation of any amount to purchase troubled assets under the Emergency Economic Stabilization Act of 2008 exceeding those already obligated (namely, $250 billion, or upon presidential certification, $350 billion outstanding at any one time).
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