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Latest Action: 07/23/2008 - Pursuant to the provisions of H. Res. 1363, Mr. Frank called up H.R. 3221 from the Speaker's table and was recognized for a motion.

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A bill to provide needed housing reform and for other purposes. 4/10/2008--Passed Senate amended.    (There are 2 other summaries) Foreclosure Prevention Act of 2008 - Title I: FHA Modernization Act of 2008 - FHA Modernization Act of 2008 - Subtitle A: Building American Homeownership - Building American Homeownership Act of 2008 - (Sec. 112) Amends the National Housing Act (NHA) to revise mortgage insurance eligibility requirements. Alters the respective formulas to increase the percentages of the maximum principal loan obligations applicable to family residences located in: (1) the United States; and (2) Alaska, Guam, Hawaii, or the Virgin Islands. Prohibits the maximum principal loan obligation from exceeding 100% of the appraised value of the property. (Sec. 113) Increases from 3% to 3.5% of the appraised value of a property the mortgagor's required cash (or equivalent) investment (downpayment). Prohibits any funds for such [...]

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Latest Action: 06/30/2008 - Signed by President.

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Making appropriations for military construction, the Department of Veterans Affairs, and related agencies for the fiscal year ending September 30, 2008, and for other purposes. 5/15/2008--House agreed to Senate amendment with amendment.    (There are 3 other summaries) Supplemental Appropriations Act, 2008 - Title I: Military Construction, Veterans Affairs, International Affairs, and Other Security-Related Matters - Chapter 1: Agriculture - Makes supplemental appropriations for FY2008 to the Department of Agriculture for the Foreign Agricultural Service for grants under the Agricultural Trade Development and Assistance Act of 1954 (P.L. 480) for emergency and nonemergency food assistance to foreign countries. Chapter 2: Commerce, Justice, and Science - Makes supplemental appropriations to the Department of Justice for: (1) the Office of Inspector General; (2) general legal activities; (3) the U.S. Marshals Service; (4) the Federal [...]

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Latest Action: 06/19/2008 - Motion to proceed to measure considered in Senate. (consideration: CR S5772-5775)

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To amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes. 5/21/2008--Passed House amended.    (There are 2 other summaries) (This measure has not been amended since it was reported to the House on May 20, 2008. The summary of that version is repeated here.)Renewable Energy and Job Creation Act of 2008 -Amends the Internal Revenue Code to provide tax incentives for energy production and conservation, to extend expiring tax provisions, and to extend tax benefits to individual and business taxpayers. Title I: Energy Tax Incentives - Subtitle A: Energy Production Incentives - Part I: Renewable Energy Incentives - (Sec. 101) Extends: (1) through 2009 the tax credit for producing electricity from qualified wind facilities; and (2) through 2011 the tax credits for producing electricity [...]

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Latest Action: 06/12/2008 - Sponsor introductory remarks on measure. (CR S5595-5597)

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A bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. 6/12/2008--Introduced. Energy Independence and Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend various provisions relating to energy production and conservation and to individual and business-related activities.Extends through 2009 the tax credit for producing electricity from wind facilities and through 2011 for closed and open-loop biomass, geothermal, small irrigation, hydropower, landfill gas, and trash combustion facilities. Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of such tax credit. Extends through 2014: (1) the energy tax credits for solar energy, fuel cell, and microturbine property; and (2) the residential energy efficient property tax credit. Allows a new investment tax credit for combined heat and power system property.Provides funding for new clean renewable energy [...]

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Latest Action: 06/29/2007 - Signed by President.

Bill Text
To repeal certain sections of the Act of May 26, 1936, pertaining to the Virgin Islands.

6/29/2007--Public Law.    (There are 4 other summaries)

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Repeals specified provisions pertaining to real property taxation in the U.S. Virgin Islands. Deems such amendment to have taken effect on July 22, 1954.

Latest Action: 01/04/2007 - Sponsor introductory remarks on measure. (CR S134)

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A bill to authorize the Secretary of the Army to acquire land for the purposes of expanding Pinon Canyon Maneuver Site, and for other purposes.

1/4/2007--Introduced.

Authorizes the Secretary of the Army to acquire land near Pinon Canyon Maneuver Site for the purpose of expanding the Site.

Prohibits any acquisition that would require the exercise of eminent domain by a federal or state entity.

Latest Action: 01/04/2007 - Referred to the House Committee on Ways and Means.

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To amend the Internal Revenue Code of 1986 to provide a double deduction for a portion of an individual's State and local property taxes that are in excess of the national average.

1/4/2007--Introduced.

Homeowner's Tax Relief Act of 2007 - Amends the Internal Revenue Code to allow individual taxpayers an additional tax deduction (whether or not such taxpayers itemize deductions) for state and local real property taxes paid for a principal residence that exceed the national average, as determined by the Secretary of the Treasury. Denies such deduction for taxpayers whose adjusted gross income exceeds $80,000 ($160,000 for joint returns).

Latest Action: 01/12/2007 - Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S510)

Bill Text
A bill to repeal certain sections of the Act of May 26, 1936, pertaining to the Virgin Islands.

1/12/2007--Introduced.

Repeals specified provisions pertaining to real property taxation in the U.S. Virgin Islands. Makes such amendment effective on July 22, 1954.

Latest Action: 02/08/2007 - Referred to the House Committee on Ways and Means.

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To amend the Internal Revenue Code of 1986 to exclude from income and employment taxes and wage withholding property tax rebates and other benefits provided to volunteer firefighters and emergency medical responders.

2/8/2007--Introduced.

Volunteer Responder Incentive Protection Act of 2007 - Amends the Internal Revenue Code to exclude from gross income and to exempt from social security, unemployment taxes, and withholding of tax requirements rebates of real or personal property taxes or any other benefit provided by a State or local government to a member of a volunteer emergency response organization providing firefighting or emergency medical services.

Latest Action: 04/16/2007 - Sponsor introductory remarks on measure. (CR S4480-4481)

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A bill to amend the Internal Revenue Code of 1986 to make the Federal income tax system simpler, fairer, and more fiscally responsible, and for other purposes. 4/16/2007--Introduced. Fair Flat Tax Act of 2007 - Amends the Internal Revenue Code with respect to individual taxpayers to: (1) reduce to three (15, 25, and 35%) the number of income tax brackets for married and single taxpayers; (2) repeal tax rate reductions for capital gains and dividend income; (3) allow a health care standard deduction and increase the basic standard tax deduction; (4) allow a refundable tax credit for state and local income, sales, and real and personal property taxes; (5) revise the earned income and child tax credits for taxpayers with no children; (6) repeal the alternative minimum tax for individual taxpayers; and (7) repeal certain tax credits, deductions, and exclusions after 2007. Imposes a flat tax of 35 percent on corporate taxable income. Allows a limited tax deduction for use [...]

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Latest Legislation - View All

Latest Action: 06/12/2008 - Sponsor introductory remarks on measure. (CR S5595-5597)

Bill Text
A bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. 6/12/2008--Introduced. Energy Independence and Tax Relief Act of 2008 - Amends the Internal Revenue Code to extend various provisions relating to energy production and conservation and to individual and business-related activities.Extends through 2009 the tax credit for producing electricity from wind facilities and through 2011 for closed and open-loop biomass, geothermal, small irrigation, hydropower, landfill gas, and trash combustion facilities. Includes marine and hydrokinetic renewable energy as a renewable resource for purposes of such tax credit. Extends through 2014: (1) the energy tax credits for solar energy, fuel cell, and microturbine property; and (2) the residential energy efficient property tax credit. Allows a new investment tax credit for combined heat and power system property.Provides funding for new clean renewable energy [...]

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Latest Action: 06/19/2008 - Motion to proceed to measure considered in Senate. (consideration: CR S5772-5775)

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