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Latest Action: 12/11/2008 - Referred to the Subcommittee on Highways and Transit. Bill Text
To direct the Secretary of Transportation to waive non-Federal share requirements for certain transportation programs and activities through September 30, 2009.
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, Finance, 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
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
Latest Action: 12/10/2008 - Read twice and referred to the Committee on Environment and Public Works. Bill Text
A bill to direct the Secretary of Transportation to waive non-Federal share requirements for certain transportation programs and activities through September 30, 2009.
Also tagged in: Automobiles, Consumer credit, Consumers, Excise tax, Finance, Income tax, Interest, Local taxation, Sales tax, State and local government, State taxation, Tax deductions, Taxation
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: Automobile industry, Automobile parts, Automobiles, Budgets, Business, Corporate finance, Corporate governance, Economic policy, Economic stabilization, Employment, Energy, Energy efficiency, Executive compensation, Fuel consumption, Golden parachutes, Government and business, Government lending, Labor, Motor vehicles, Politics and government, Supplemental appropriations, Unemployment insurance
Latest Action: 11/18/2008 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 1121 under authority of the order of the Senate of 11/17/2008. Bill TextA bill to provide for additional emergency unemployment compensation, to amend the Emergency Economic Stabilization Act of 2008 to authorize loans to automobile manufacturers and component suppliers, and for other purposes. 11/17/2008--Introduced. Unemployment Compensation Extension Act of 2008 - Amends the Supplemental Appropriations Act, 2008 to revise the formula for Tier-1 amounts a state credits to an applicant's emergency unemployment compensation account (EUCA) for a benefit year. Increases the figures in the formula (the lesser of which shall be the amount credited) from: (1) 50% to 80% of the total amount of regular compensation (including dependents' allowances) payable to the individual during the benefit year; and (2) 13 to 20 times the individual's average weekly benefit amount for the benefit year. Provides an additional Tier-2 period for deposits to an individual's EUCA, using the current formula, if, at the time that the amount established under this [...] show full description
Also tagged in: Automobiles, Consumer credit, Consumers, Excise tax, Finance, Income tax, Interest, Local taxation, Sales tax, State and local government, State taxation, Tax deductions, Taxation
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.
Also tagged in: Budgets, Economic policy, Federal aid to transportation, Government trust funds, Highway finance, Highway maintenance, Infrastructure, Interstate highway system, Road construction, Rural affairs, Rural economic development
Latest Action: 10/01/2008 - Read twice and referred to the Committee on Environment and Public Works. Bill Text
A bill to amend title 23, United States Code, to improve economic opportunity and development in rural States through highway investment, and for other purposes.
Also tagged in: Administrative procedure, Agricultural estimating and reporting, Agriculture, Alcohol as fuel, Banks and banking, Biomass energy, Business, Business records, Coal, Commodity exchanges, Commodity Futures Trading Commission, Congress, Congressional investigations, Congressional reporting requirements, Consumer protection, Consumers, Department of Energy, Diesel motor, Electric power, Energy, Energy industries, Energy prices, Energy storage, Energy transportation, Executive departments, Executive reorganization, Federal employees, Finance, Foreign policy, Futures trading, Gas industry, Gasoline, Government employees, Government information, Government paperwork, Government publicity, Governmental investigations, Independent regulatory commissions, International affairs, International cooperation, Law, Natural gas, Petroleum, Pipelines, Standards, Swaps (Finance), Trade, Trade agreements
Latest Action: 09/25/2008 - Sponsor introductory remarks on measure. (CR S9494-9496) Bill Text
A bill to amend the Commodity Exchange Act to prevent excessive price speculation with respect to energy and agricultural commodities, and for other purposes.
Also tagged in: Budgets, College costs, Education, Emergency management, Emergency medicine, Employee health benefits, Employee training, Finance, Fire fighters, Fringe benefits, Grants-in-aid, Health insurance, Health policy, Higher education, Job training, Labor, Life insurance, Medical care, Medicine, Scholarships, Social services, Student loan funds, Travel costs, Volunteer workers
Latest Action: 10/01/2008 - Read twice and referred to the Committee on Homeland Security and Governmental Affairs. Bill TextA bill to support the recruitment and retention of volunteer firefighters and emergency medical services personnel, and for other purposes. 10/1/2008--Introduced. Volunteer Firefighter and EMS Support Act of 2008 - Amends the Federal Fire Prevention and Control Act of 1974 to direct the Secretary of Homeland Security to establish a program to provide funds to a state or local government, nonprofit firefighter association, or governmental or nongovernmental emergency medical services (EMS) organization, that carries out a volunteer firefighter incentive program in accordance with this Act.Directs the Secretary, for each fiscal year in which a state or local government, nonprofit firefighter association, or governmental or nongovernmental EMS organization carries out a volunteer firefighter incentive program, to pay such government, association, or organization (organization), out of any money in the Treasury not otherwise appropriated for such fiscal year, a sum equal [...] show full description
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