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Also tagged in: Auditing, Bank failures, Economic stabilization, Employee selection, Federal employees, Finance, 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 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, 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 stabilization, Federal employees, Finance, 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 stabilization, Employee selection, Federal employees, Finance, 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.
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flight, Space shuttles, Special education, Sports, State and local government, State taxation, Storms, Student activities, Sugar, Supplemental appropriations, Surveys, Survivors' benefits, Tax deductions, Tax returns, Taxation, Technology, Telecommunication, Texas, Trade, Trails, Transportation, Unemployment insurance, Uranium enrichment, Vaccines, Veterans, Veterans' benefits, Veterans' pensions, Wage surveys, Waste reduction, Waste water treatment, Water conservation, Water pollution, Water pollution control, Water resources, Water supply, Water treatment plants, Weapons systems, Welfare, WIC program, Wildlife refuges, World War II, Youth employment
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 stabilization, Employment, Energy, Energy efficiency, Executive compensation, Fuel consumption, Golden parachutes, Government and business, Government lending, Labor, Motor vehicles, Politics and government, Supplemental appropriations, Transportation, 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
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).
Also tagged in: Budgets, Federal aid to transportation, Government trust funds, Highway finance, Highway maintenance, Infrastructure, Interstate highway system, Road construction, Rural affairs, Rural economic development, Transportation
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.
Latest Action: 10/01/2008 - Sponsor introductory remarks on measure. (CR S10338) Bill TextA bill to amend the Internal Revenue Code of 1986 to provide for the treatment of certain excessive employee remuneration, and for other purposes. 10/1/2008--Introduced. Compensation Fairness Act of 2008 - Amends the Internal Revenue Code to: (1) allow an annual inflation adjustment to the $1 million limitation on the tax deduction for employee remuneration; and (2) repeal exceptions to such limitation for remuneration payable on a commission basis and for other performance-based compensation.
Also tagged in: Business, Capital gains tax, Finance, Income tax, Indexing (Economic policy), Inflation, Losses, Mutual funds, Partnerships, Real estate investment, Small business, Stocks, Taxation, Valuation
Latest Action: 11/18/2008 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 1119 under authority of the order of the Senate of 11/17/2008. Bill TextA bill to amend the Internal Revenue Code of 1986 to index certain assets for purposes of determining gain or loss. 9/22/2008--Introduced. Amends the Internal Revenue Code to allow an inflation adjustment based upon the gross domestic product deflator to the adjusted basis of certain assets (including C corporation common stock and tangible property used in a trade or business) held by a taxpayer for more than three years for purposes of determining gain or loss on the sale or other disposition of such assets. Sets forth rules for applying such inflation adjustment to short sales, regulated investment companies and real estate investment trusts, partnerships and other pass-thru entities, and dispositions of assets between related persons.
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