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Latest Action: 01/04/2007 - Referred to the House Committee on Financial Services.

Bill Text
To establish a program to provide reinsurance for State natural catastrophe insurance programs to help the United States better prepare for and protect its citizens against the ravages of natural catastrophes, to encourage and promote mitigation and prevention for, and recovery and rebuilding from such catastrophes, and to better assist in the financial recovery from such catastrophes. 1/4/2007--Introduced. Homeowners Insurance Protection Act of 2007 - Instructs the Secretary of the Treasury to establish the National Commission on Catastrophe Preparation and Protection to advise the Secretary regarding estimated loss costs associated with contracts for reinsurance coverage. Authorizes the Secretary to make homeowners protection coverage available through contracts for reinsurance coverage. Restricts purchase of such coverage to eligible state programs. Prescribes criteria for state eligibility. Requires each contract for reinsurance coverage to provide insurance [...]

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Latest Action: 05/24/2007 - Sponsor introductory remarks on measure. (CR S6849)

Bill Text
A bill to authorize the issuance of Federal charters and licenses for carrying on the sale, solicitation, negotiation, and underwriting of insurance or any other insurance operations, to provide a comprehensive system for the Federal regulation and supervision of national insurers and national agencies, to provide for policyholder protections in the event of an insolvency or the impairment of a national insurer, and for other purposes. 5/24/2007--Introduced. National Insurance Act of 2007 - Establishes in the Department of the Treasury an Office of National Insurance (ONI), headed by a Commissioner of National Insurance, with Divisions of Insurance Fraud and of Consumer Affairs, and an Office of the Ombudsman.Authorizes the Commissioner to supervise, regulate, and provide for registration of insurance self-regulatory organizations. Requires the Commissioner to supervise national insurers and national agencies, including chartering and licensing. Removes them,[...]

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Latest Action: 01/04/2007 - Read twice and referred to the Committee on Finance.

Bill Text
A bill to return meaning to the Fifth Amendment by limiting the power of eminent domain. 1/4/2007--Introduced. Private Property Rights Protection Act - Makes ineligible for federal funds any condemning authority or acquiring party that engages or participates in a taking or condemnation of any real property interest not for a public use or public purpose using the power of eminent domain, without the owner's consent. Requires any entity applying for federal funds to certify eligibility. Allows the Commissioner of the Internal Revenue Service (IRS) to audit any condemning authority or acquiring party that has made such a certification. Allows a property owner who is notified that his or her property will be taken to file for and attach a Fifth Amendment property protection statement (PPS) indicating that the condemning entity is exceeding its authority, which shall prohibit any acquiring party from claiming any benefit, deduction, or tax credit related to any activities [...]

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Latest Action: 01/11/2007 - Referred to the House Committee on Oversight and Government Reform.

Bill Text
Honoring Alexander Hamilton on the 250th anniversary of his birth.

1/11/2007--Introduced.

Honors Alexander Hamilton on the 250th anniversary of his birth.

Latest Action: 01/04/2007 - Referred to the House Committee on Foreign Affairs.

Bill Text
To provide that no funds made available to the Department of the Treasury may be used to implement, administer, or enforce regulations to require specific licenses for travel-related transactions directly related to educational activities in Cuba.

1/4/2007--Introduced.

Pursuit of International Education (PIE) Act of 2007 - Prohibits the use of funds made available to the Department of the Treasury to implement, administer, or enforce regulations to require specific licenses for travel-related transactions directly related to educational activities in Cuba.

Latest Action: 02/28/2008 - Committee on the Judiciary. Hearings held.

Bill Text
To provide for the implementation of the recommendations of the National Commission on Terrorist Attacks Upon the United States. 8/3/2007--Public Law.    (There are 2 other summaries) Implementing Recommendations of the 9/11 Commission Act of 2007 - Provides for implementation of recommendations of the National Commission on Terrorist Attacks Upon the United States (9/11 Commission).Title I: Homeland Security Grants - (Sec. 101) Amends the Homeland Security Act of 2002 (HSA) to establish Homeland Security Grant Programs (consisting of an Urban Area Security Initiative and a State Homeland Security Grant Program). Authorizes the Secretary of Homeland Security (the Secretary) to award Program grants through the Administrator of the Federal Emergency Management Agency (FEMA). Provides that none of the provisions regarding grants to states and high-risk urban areas shall be construed to affect programs authorized under the Federal Fire Prevention [...]

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

Bill Text
To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. 1/4/2007--Introduced. Fair Tax Act of 2007 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2007. Imposes a national sales tax on the use or consumption in the United States of taxable property or services. Sets the sales tax rate at 23 percent in 2009, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes and for state government functions. Sets forth rules relating to: (1) the collection and remittance of the sales tax; and (2) credits and refunds. Allows families a sales tax rebate.Grants states the primary authority for the collection [...]

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Latest Action: 01/04/2007 - Sponsor introductory remarks on measure. (CR S70-72)

Bill Text
A bill to amend the Internal Revenue Code of 1986 to provide incentives to improve America's research competitiveness, and for other purposes. 1/4/2007--Introduced. Research Competitiveness Act of 2007 - Amends the Internal Revenue Code to: (1) modify the tax credit for increasing research expenses to establish a standard 20% credit rate for research expenses exceeding 50% of average expenses over the preceding three year period; (2) establish a uniform 80% reimbursement rate for all contract research expenses (100% for basic research payments); (3) make such tax credit permanent; (4) allow a tax credit for equity investments in small business innovation companies; and (5) allow the issuance of tax exempt facility bonds for research park facilities used in connection with research and experimentation.Directs the Secretary of the Treasury to: (1) study and report to Congress on taxpayer compliance with the substantiation requirements for claiming the tax credit for increasing [...]

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Latest Action: 01/24/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
To amend section 5313 of title 31, United States Code, to reform certain requirements for reporting cash transactions, and for other purposes. 1/23/2007--Passed House 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.) Seasoned Customer CTR Exemption Act of 2007 - Amends federal money and finance law to: (1) repeal the authority of the Secretary of the Treasury to exempt a depository institution from currency transaction reporting (CTR) requirements with respect to transactions between the depository institution and a qualified business customer; and (2) instruct the Secretary to prescribe regulations that exempt a depository institution from filing a CTR if the transaction is with a qualified customer. Defines qualified customer as any person that: (1) is incorporated or organized under federal or state law, including a sole proprietorship,[...]

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Latest Action: 01/18/2007 - Sponsor introductory remarks on measure. (CR S763-764)

Bill Text
A bill to prohibit the Internal Revenue Service from using private debt collection companies, and for other purposes.

1/18/2007--Introduced.

Requires the Internal Revenue Service (IRS) to suspend the use of private debt collection companies to collect unpaid taxes and prohibits the use of any IRS funds for tax collection contracts with private companies.

Latest Legislation - View All

Latest Action: 11/19/2008 - Sponsor introductory remarks on measure. (CR S10607)

Bill Text
A 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.
Latest Action: 10/03/2008 - Reported (Amended) by the Committee on Financial Services. H. Rept. 110-910.

Bill Text
To ensure that implementation of proposed regulations under subchapter IV of chapter 53 of title 31, United States Code, does not cause harm to the payments system, and for other purposes.
Latest Action: 08/01/2008 - Read twice and referred to the Committee on Finance.

Bill Text
A bill to amend the Internal Revenue Code of 1986 to increase the standard mileage rate for charitable purposes to the standard mileage rate established by the Secretary of the Treasury for business purposes.

8/1/2008--Introduced.

Amends the Internal Revenue Code to increase the standard mileage rate for the tax deduction for the charitable use of passenger automobiles from 14 cents per mile to the standard mileage rate prescribed by the Secretary of the Treasury for business purposes (50.5 cents per mile for January 1 through June 30, 2008, and 58.5 cents per mile for July 1 through December 31, 2008).

Latest Action: 08/01/2008 - Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Dodd. With written report No. 110-443.

Bill Text
An original bill to impose sanctions with respect to Iran, to provide for the divestment of assets in Iran by State and local governments and other entities, to identify locations of concern with respect to transshipment, reexportation, or diversion of certain sensitive items to Iran, and for other purposes. 8/1/2008--Reported to Senate without amendment.    (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2008 - Title I: Sanctions - (Sec. 102) Amends the Iran Sanctions Act of 1996 (formerly the Iran and Libya Sanctions Act of 1996) to expand the definitions of: (1) "person" to include financial institutions, insurers, underwriters, guarantors, other business organizations, including foreign subsidiaries, and export credit agencies; and (2) "petroleum [...]

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Latest Action: 07/23/2008 - Read twice and referred to the Committee on Finance.

Bill Text
A bill to amend the Internal Revenue Code of 1986 to encourage the use of corrosion prevention and mitigation measures in the construction and maintenance of business property.

7/23/2008--Introduced.

Corrosion Prevention Act of 2008 - Amends the Internal Revenue Code to allow a business-related tax credit for 50% of net expenditures for engineering design, materials, and application and installation of corrosion prevention and mitigation technology for depreciable property comprised primarily of metals susceptible to corrosion. Terminates such credit after 2017.

Latest Action: 07/21/2008 - Committee on Appropriations. Original measure reported to Senate by Senator Kohl. With written report No. 110-426.

Bill Text
An original bill making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 2009, and for other purposes. 7/21/2008--Reported to Senate without amendment.    (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2009 - Title I: Agricultural Programs - Appropriates FY2009 funds for the following Department of Agriculture (Department) programs and services: (1) Office of the Secretary of Agriculture (Secretary); (2) Office of the Chief Economist; (3) National Appeals Division; (4) Office of Budget and Program Analysis; (5) Office of Homeland Security; (6) Office of the Chief Information Officer; (7) Office of the Chief Financial Officer;[...]

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