Top Legislation - View All
Also tagged in: Antitrust law, Bankruptcy, Business, Casualty insurance, Corporate reorganizations, Department of the Treasury, Executive departments, Executive reorganization, Federal preemption, Finance, Holding companies, Insurance agents, Insurance companies, Insurance law, Law, Licenses, Life insurance, Ombudsman, Politics and government, Property insurance, State and local government, State laws
Latest Action: 05/24/2007 - Sponsor introductory remarks on measure. (CR S6849) Bill TextA 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,[...] show full description
Also tagged in: Business, Capital gains tax, Depreciation and amortization, Employee health benefits, Estates (Law), Finance, Flexible benefit plans, Government contractors, Group insurance, Health policy, Home offices, Income tax, Intangible property, Labor, Law, Life insurance, Long-term care insurance, Medical care, Public contracts, Self-employed, Small business, Stockholders, Stocks, Tax administration, Tax deductions, Tax exclusion, Taxation, Withholding tax
Latest Action: 01/04/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to provide tax incentives for small businesses, and for other purposes. 1/4/2007--Introduced. Small Business Tax Fairness and Simplification Act of 2007 - Amends the Internal Revenue Code to: (1) allow self-employed individuals to participate in cafeteria pension plans; (2) allow long-term care insurance under cafeteria plans and flexible spending arrangements; (3) allow accelerated amortization of certain intangible assets (e.g., good will) acquired from a small business; (4) increase the tax exclusion of gain from the sale of certain small business stock; (5) provide a $2,500 standard tax deduction for home business expenses; (6) permit certain small businesses to elect a taxable year ending in a month from April to November; (7) increase the allowable number of S corporation shareholders; and (8) exempt certain small businesses from withholding of tax requirements for payments made by government entities.
Also tagged in: Administrative procedure, Administrative remedies, Armed forces, Business, Business intelligence, Commercial blacklisting, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Criminal justice, Defense policy, Department of Homeland Security, Executive departments, Executive Office of the President, Executive reorganization, Federal advisory bodies, Foreign agents, Foreign corporations, Foreign investments, Foreign policy, Fraud, Government corporations, Government information, Government liability, Government ownership, Government paperwork, Government publicity, Governmental investigations, Industrial research, Infrastructure, Infrastructure (Economics), Inspectors general, International finance, Israel, Law, Leases, Middle East and North Africa, National security, Politics and government, President and foreign policy, Presidents, Public contracts, Research and development, Risk, Science policy, Technology, Technology transfer, Terrorism, Terrorists, Trade, Trade secrets
Latest Action: 07/26/2007 - Signed by President. Bill TextTo ensure national security while promoting foreign investment and the creation and maintenance of jobs, to reform the process by which such investments are examined for any effect they may have on national security, to establish the Committee on Foreign Investment in the United States, and for other purposes. 7/26/2007--Public Law. (There are 4 other summaries) (This measure has not been amended since it was passed by the Senate on June 29, 2007. The summary of that version is repeated here.) Foreign Investment and National Security Act of 2007 - (Sec. 2) Amends the Defense Production Act of 1950 to revise provisions concerning presidential authority to review certain mergers, acquisitions, and takeovers to direct the President, acting through the Committee on Foreign Investment in the United States (CFIUS), and upon receiving written notification from any parties to a possible merger, acquisition or takeover proposed or pending after [...] show full description
Also tagged in: Brokers, Business, Corporate reorganizations, Dividends, Finance, Government information, Government paperwork, Income tax, Interest, Pension funds, Pensions, Securities, Stockholders, Tax administration, Tax returns, Tax-deferred compensation plans, Taxation
Latest Action: 02/15/2007 - Sponsor introductory remarks on measure. (CR S2085-2086) Bill TextA bill to amend the Internal Revenue Code of 1986 to extend the reporting period for certain statements sent to taxpayers. 2/15/2007--Introduced. Reduce Wasteful Tax Forms Act of 2007 - Amends the Internal Revenue Code to extend until February 15 the annual deadline for reporting certain investment income to the Internal Revenue Service.
Also tagged in: Administrative procedure, Antitrust law, Business, Competition, Congress, Congressional reporting requirements, Department of Justice, Energy, Energy demand, Energy supplies, Evidence (Law), Executive departments, Federal Trade Commission, Gas industry, Independent regulatory commissions, Law, Monopolies, Petroleum industry, Petroleum refineries
Latest Action: 03/14/2007 - Sponsor introductory remarks on measure. (CR S3133-3134) Bill TextA bill to prevent anti-competitive mergers and acquisitions in the oil and gas industry. 3/14/2007--Introduced. Oil Industry Merger Antitrust Enforcement Act - Amends the Clayton Act to require, in any civil action in which the plaintiff alleges that the effect of a merger, acquisition, or other transaction (transaction) may be to substantially lessen competition or to create a monopoly in the business of exploring for, producing, refining, marketing, or selling petroleum, oil, natural gas, or their related products and that establishes that the transaction involves competitors in that business, the burden of proof shall be on the defendant to establish that such transaction will not substantially lessen competition or create a monopoly. Directs the Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice to jointly review and revise applicable enforcement guidelines and policies in order to: (1) specifically address the above transactions;[...] show full description
Also tagged in: Administrative procedure, Affiliated corporations, Business, Criminal justice, Data banks, Executive departments, Foreign corporations, Government contractors, Government information, Government paperwork, International affairs, Law, Office of Management and Budget, Partnerships, Public contracts, State-sponsored terrorism, Stocks, Subsidiary corporations, Technology, Terrorism, Terrorists, Trade
Latest Action: 03/28/2007 - Read twice and referred to the Committee on Homeland Security and Governmental Affairs. Bill TextA bill to make ineligible for Federal contract awards any expatriated corporations and any companies that do business with, or own foreign subsidiaries that do business with, state sponsors of terrorism or foreign terrorist organizations. 3/28/2007--Introduced. Restoring Integrity in Contracting Act of 2007 - Disqualifies an acquiring corporation, or any subsidiary of such a corporation, that enters into a corporate expatriation transaction from federal contract awards for five years. Authorizes the Administrator for Federal Procurement Policy to extend the period of ineligibility as a penalty for failure to disclose such a transaction.Authorizes a presidential waiver in the interest of national security. Disqualifies any entity doing business with, or having a parent or subsidiary doing business with, a state sponsor of terrorism or foreign terrorist organization from federal contract awards for at least five years. Exempts entities selling food, agricultural [...] show full description
Also tagged in: Access to health care, Affordable housing, Aged, Agricultural subsidies, Agriculture, Air pollution, Armed forces, Associations, institutions, etc., Awards, medals, prizes, Boycott, Budget deficits, Budgets, Business, Business and social problems, Business cycles, Business ethics, Campaign funds, Capital investments, Cartels, Child labor, Children, Children's rights, Civil liberties, Civil rights, Civil service retirement, Collective bargaining, Commemorations, Communications, Competition, Conferences, Congress, Congressional budget, Congressional committees, Congressional oversight, Congressional reporting requirements, Congressional voting, Consumer protection, Consumers, Conversion of industries, Cooperative societies, Corporate accountability, Corporate corruption, Corporation directors, Corruption in politics, Crime prevention, Criminal justice, Criminal justice information, Data banks, Day care, Defense budgets, Defense economics, Defense industries, Depressed areas, Development credit institutions, Disabled, Economic concentration, Economic development, Economic growth, Economic policy, Economic security, Education, Election administration, Elections, Electric power failures, Electronic government information, Employee health benefits, Employee rights, Employee vacations, Employment, Employment of the disabled, Energy, Energy conservation, Environmental health, Environmental protection, Executives, Families, Family farms, Family leave, Farm income, Farmers, Federal budgets, Federal reserve system, Federally-guaranteed loans, Finance, Food, Foreign aid, Foreign loans, Foreign policy, Free enterprise, Freedom of information, Full employment policies, Fund raising, Government contractors, Government employees, Government information, Government lending, Government paperwork, Government publicity, Grants-in-aid, Hazardous substances, Health insurance, Health policy, Hours of labor, Household workers, Housing, Housing subsidies, Human rights, Humanities, Income distribution, Income tax, Industrial pollution, Inflation, Information disclosure (Securities law), Infrastructure, Infrastructure (Economics), Interest rates, International affairs, International environmental cooperation, International finance, International labor activities, Investment guaranty insurance, Investment of public funds, Investments, Job training, Labor, Labor productivity, Labor unions, Legislation, Legislative resolutions, Life expectancy, Manufacturing industries, Medicaid, Medical care, Medical statistics, Medicare, Medicine, Mines and mineral resources, Minimum wages, Minorities, Monetary policy, Monopolies, Natural resources, Nonprofit organizations, Occupational health and safety, Occupational retraining, Old age, survivors and disability insurance, Parent and child, Part-time employment, Pension funds, Pensions, Pollution, Pollution control, Potable water, Poverty, Presidential messages, Presidents, Preventive medicine, Price fixing, Prices, Public contracts, Public debt, Public service employment, Public utilities, Punishment, Quality of life, Quality of work life, Racism, Research, Residential rehabilitation, Restrictive trade practices, Right of property, Roosevelt Administration, Salaries, Science policy, Self-employed, Sex discrimination, Small business, Social security, Social services, Soil conservation, Standard of living, State and local government, Strikes, Student employment, Sustainable development, Tax expenditures, Taxation, Technology, Torture, Trade, Transportation, Treaties, Unemployment, Unemployment insurance, United Nations, Violence, Volunteer workers, Voting, Voting machines, Voting rights, Wages, Water conservation, Water pollution, Water resources, Wealth, Welfare, White collar crime, Women, Women's rights, Working poor
Latest Action: 06/05/2007 - Referred to the Subcommittee on Workforce Protections. Bill TextTo establish a living wage, jobs for all policy for all peoples in the United States and its territories, and for other purposes. 2/14/2007--Introduced. A Living Wage, Jobs for All Act - Declares that Congress affirms the basic economic rights and responsibilities under the 1944 "Economic Bill of Rights," while updating and extending it to include: (1) certain rights to decent jobs, income security for individuals unable to work for pay, a decent living for farm families, freedom from monopolies, decent housing, adequate health services, Social Security in old age, sickness, accidental injury, and unemployment, and education and work training; and (2) certain other rights relating to collective bargaining, a safe working environment, information on trends in pollution sources and products and processes that affect the well-being of workers throughout the world, voting and campaigning, and personal security. Requires corporations registered with the Securities and Exchange [...] show full description
Also tagged in: Administrative procedure, Business, Corporate management, Corporate reorganizations, Executive compensation, Executive departments, Finance, Golden parachutes, Independent regulatory commissions, Information disclosure (Securities law), Labor, Law, Securities and Exchange Commission, Securities regulation, Stockholders, Voting
Latest Action: 04/20/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation. 4/20/2007--Introduced. Shareholder Vote on Executive Compensation Act - Amends the Securities Exchange Act of 1934 to require a proxy, consent, or authorization for a shareholder meeting occurring on or after January 1, 2009, to permit a separate shareholder vote to approve executive compensation. States that such shareholder vote shall not be binding on the board of directors, nor construed: (1) as overruling a board decision; (2) to create or imply additional fiduciary duty by such board; and (3) to restrict or limit shareholder ability to make proposals for inclusion in proxy materials related to executive compensation. Requires proxy solicitation material for a shareholder meeting occurring on or after January 1, 2009, concerning disposition of substantially all of an issuer's assets, to disclose compensation agreements or understandings [...] show full description
Also tagged in: Administrative procedure, Business, Corporate management, Corporate reorganizations, Executive compensation, Executive departments, Finance, Golden parachutes, Independent regulatory commissions, Information disclosure (Securities law), Labor, Law, Securities and Exchange Commission, Securities regulation, Stockholders, Voting
Latest Action: 04/23/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation. 4/20/2007--Passed House amended. (There are 2 other summaries) Shareholder Vote on Executive Compensation Act - Amends the Securities Exchange Act of 1934 to require a proxy, consent, or authorization for a shareholder meeting occurring on or after January 1, 2009, to permit a separate shareholder vote to approve executive compensation. States that such shareholder vote shall not be binding on the corporation or board of directors, nor construed: (1) as overruling a board decision; (2) to create or imply additional fiduciary duty by such board; (3) to restrict or limit shareholder ability to make proposals for inclusion in proxy materials related to executive compensation. Requires proxy solicitation material for a shareholder meeting occurring on or after January 1, 2009, concerning disposition of substantially all of [...] show full description
Also tagged in: Armed forces, Business, Congress, Congressional oversight, Congressional reporting requirements, Defense economics, Defense industries, Defense policy, Energy, Foreign corporations, Foreign investments, Governmental investigations, International finance, Legislative resolutions, National security, Natural resources, Trade
Latest Action: 05/15/2007 - Sponsor introductory remarks on measure. (CR S6142-6143) Bill TextA bill to provide for Congressional authority with respect to certain acquisitions, mergers, and takeovers under the Defense Production Act of 1950. 5/15/2007--Introduced. Foreign Investment Security Act of 2007 - Amends the Defense Production Act of 1950 relating to authorized investigations of the effects on national security of a proposed acquisition, merger, or takeover (transaction) by or with foreign persons which could result in foreign control of persons engaged in U.S. commerce to: (1) extend the time to commence such investigation; (2) require the findings and recommendations of any investigation to be sent immediately to the President and specified congressional committees for review; (3) require certain factors to be considered as part of such investigation, including the effect on domestic production and long-term projections of U.S. requirements for sources of energy and other critical resources; (4) direct the Secretary of the Treasury to report quarterly to [...] show full description
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Latest Legislation - View All
Also tagged in: Actions and defenses, Antitrust law, Business, Cartels, Competition, Congress, Congressional investigations, Congressional reporting requirements, Consent decrees, Criminal justice, Department of Justice, District courts, Energy, Energy prices, Energy supplies, Executive departments, Executive reorganization, Foreign policy, Government liability (International law), International affairs, Jurisdiction, Law, Natural gas prices, OPEC countries, Petroleum industry, Privileges and immunities, Restrictive trade practices, Trade
Latest Action: 05/21/2008 - Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 744. Bill TextTo amend the Sherman Act to make oil-producing and exporting cartels illegal and for other purposes. 5/20/2008--Passed House 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.) Gas Price Relief for Consumers Act of 2008 - Title I: Amendment to Sherman Act - No Oil Producing and Exporting Cartels Act of 2008 or NOPEC - (Sec. 102) Amends the Sherman Act to make it illegal for any foreign state or instrumentality thereof to act collectively or in combination with any other foreign state or any other person, when such action has a direct, substantial, and reasonably foreseeable effect on the market, supply, price, or distribution of petroleum in the United States, to: (1) limit the production or distribution of oil, natural gas, or any other petroleum product (petroleum); (2) set or maintain the price of petroleum;[...] show full description
Also tagged in: Accounting, Administrative procedure, Armed forces, Business, Consultants, Defense contracts, Defense economics, Executive compensation, Executive departments, Finance, Financial statements, Fringe benefits, Golden parachutes, Government contractors, Independent regulatory commissions, Information disclosure (Securities law), Law, Profit, Public contracts, Securities and Exchange Commission, Securities regulation, Stockholders, Tax-deferred compensation plans, Taxation
Latest Action: 04/15/2008 - Read twice and referred to the Committee on Finance. Bill TextA bill to require greater disclosure of senior corporate officer compensation, to empower shareholders and investors to protect themselves from fraud, to limit conflicts of interest in determining senior corporate officer compensation, to ensure integrity in Federal contracting, to close corporate tax loopholes utilized to subsidize senior corporate officer compensation, and for other purposes. 4/15/2008--Introduced. Corporate Executive Compensation Accountability and Transparency Act - Amends the Internal Revenue Code to the limit annual aggregate amounts which may be deferred under nonqualified deferred compensation arrangements. Amends the Sarbanes-Oxley Act of 2002 to extend from 12 to 36 months the look-back period for any bonuses, incentive-based or equity-based compensation, or profits realized from the sale of securities which must be reimbursed to a securities issuer by its chief executive officer and chief financial officer if the issuer is required to prepare [...] show full description
Also tagged in: Accounting, Administrative procedure, Aged, Aliens, Alimony, Americans in foreign countries, Annuities, Armed forces, Athletics, Bank accounts, Banks and banking, Bonds, Business, Business travel, Capital gains tax, Cemeteries and funerals, Charitable contributions, Child support, Children, College costs, College sports, Colleges, Commemorations, Communications, Conservation of natural resources, Contracts, Cooperative societies, Corporate governance, Corporation taxes, Cost of living adjustments, Criminal justice, Damages, Debt, Defense policy, Department of the Treasury, Depreciation and amortization, Disability insurance, Disabled, Dividends, Divorce, Economic policy, Education, Education savings accounts, Employee ownership, Employee training, Environmental protection, Estate tax, Executive departments, Expatriation, Families, Finance, Financial services, Food, Foreign corporations, Foreign policy, Foster home care, Foundations, Fringe benefits, Gift tax, Gifts, Government corporations, Habitat conservation, Health insurance, Health policy, Higher education, Historic sites, History, Home ownership, Housing, Housing finance, Immigration, Imports, Income tax, Indexing (Economic policy), Individual retirement accounts, Insurance companies, Insurance premiums, Interest, Intergovernmental tax relations, International affairs, Job training, Labor, Land use, Law, Leases, Life insurance, Loan defaults, Lobbying, Local government, Losses, Marketing, Married people, Medical care, Medical economics, Medical research, Medical savings accounts, Medicare, Military pay, Military pensions, Mortgages, Natural resources, Officer personnel, Old age, survivors and disability insurance, Open space lands, Outdoor recreation, Partnerships, Pensions, Politics and government, Profit, Railroad retirement plans, Real estate business, Real estate development, Recreation areas, Rent, Salaries, School personnel, Science policy, Single people, Social security, Social security taxes, Social services, Sports, Sports facilities, State and local government, State politics and government, Stocks, Tax administration, Tax credits, Tax deductions, Tax deferral, Tax evasion, Tax exclusion, Tax exemption, Tax penalties, Tax rates, Tax refunds, Tax returns, Tax simplification, Tax treaties, Tax-deferred compensation plans, Tax-exempt organizations, Taxation, Taxation of foreign income, Teachers, Telecommunication, Telecommunication industry, Telephone, Territories (U.S.), Terrorism, Torts, Trade, Transportation, Travel costs, Trusts and trustees, Unemployment, Unrelated business income tax, Vocational education, Wages, Withholding tax, Workers' compensation
Latest Action: 11/13/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to restructure and replace the income tax system of the United States to meet national priorities, and for other purposes. 11/13/2007--Introduced. Simplified USA Tax Act of 2007 - Repeals, after 2006, income tax and estate and gift tax provisions of the Internal Revenue Code of 1986. Replaces such Code with a new tax system, to be known as the Simplified USA Tax. Establishes three income tax brackets at 15, 25, and 30% for individual taxpayers. Redefines "gross income" and allows certain exclusions from gross income, including previously-taxed benefits, tax-exempt bond interest, compensation for injuries and sickness, and gain from the sale of a principal residence. Allows tax deductions for alimony and child support, home mortgage interest, certain higher education expenses, and charitable contributions. Allows a tax credit for employee social security payroll taxes.Revises rules for Roth individual retirement [...] show full description
Latest Action: 08/03/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to allow 5-year amortization of goodwill and other section 197 intangibles that are acquired from a small business. 8/3/2007--Introduced. Tax Fairness for Small Business Act of 2007- Amends the Internal Revenue Code to allow an accelerated five-year amortization period for goodwill and other business intangibles acquired from certain small businesses (businesses whose average three-year gross receipts do not exceed $5 million) after December 31, 2006. Limits the amount eligible for such amortization to $5 million.
Also tagged in: Antitrust law, Bankruptcy, Business, Casualty insurance, Corporate reorganizations, Department of the Treasury, Executive departments, Executive reorganization, Federal preemption, Finance, Holding companies, Insurance agents, Insurance companies, Insurance law, Law, Licenses, Life insurance, Ombudsman, Politics and government, Property insurance, State and local government, State laws
Latest Action: 07/26/2007 - Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committ Bill TextTo 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. 7/26/2007--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, as well [...] show full description
Also tagged in: Agribusiness, Agriculture, Animals, Antitrust law, Business, Competition, Department of Agriculture, Evidence (Law), Executive departments, Executive reorganization, Family farms, Federal employees, Government employees, Governmental investigations, Law, Livestock, Meat packing industry, Poultry, Rural affairs
Latest Action: 05/07/2008 - Committee on the Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights. Hearings held. Bill TextA bill to provide for the review of agricultural mergers and acquisitions by the Department of Justice, and for other purposes. 7/10/2007--Introduced. Agriculture Competition Enhancement Act of 2007 - Establishes in the Antitrust Division of the Department of Justice a Deputy Assistant Attorney General for Agricultural Antitrust Matters who shall: (1) be responsible for oversight and coordination of agriculture-related antitrust and related matters; and (2) work in coordination with the Task Force and the Department of Agriculture on all agricultural competition matters. Establishes under the authority of the Attorney General the Agriculture Competition Task Force to examine problems in agricultural competition. Amends the Clayton Act to revise the defendant's burden of proof in agribusiness mergers in which the plaintiff is: (1) the federal or state government; or (2) any other plaintiff. Directs the Justice Department and the Federal Trade Commission [...] show full description
Also tagged in: Actions and defenses, Annuities, Business, Civil service retirement, Collection of accounts, Department of Labor, Divorce, Executive compensation, Executive departments, Executive reorganization, Families, Federal employees, Government employees, Income tax, Limitation of actions, Pension funds, Pensions, Survivors' benefits, Tax exclusion, Tax-deferred compensation plans, Taxation
Latest Action: 06/28/2007 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Bill TextA bill to amend the Employee Retirement Income Security Act of 1974, the Internal Revenue Code of 1986, and title 5, United States Code, to improve the protection of pension benefits, and for other purposes. 6/28/2007--Introduced. Restoring Pension Promises to Workers Act - Amends the Internal Revenue Code to require the inclusion in gross income of all income previously deferred under a nonqualified deferred compensation plan if an employer maintaining such a plan fails to meet certain participation, vesting, and minimum benefit requirements. Amends the Employee Retirement Income Security Act of 1974 (ERISA) to: (1) deny ERISA pension plan administrators the right to recover overpayments made to plan participants and beneficiaries in cases of hardship or insignificant amounts; (2) impose a three-year limitation period for bringing any action to recover an overpayment; (3) prohibit the elimination of accrued pension plan benefits during corporate mergers and acquisitions;[...] show full description
Also tagged in: Antitrust law, Bankruptcy, Business, Casualty insurance, Corporate reorganizations, Department of the Treasury, Executive departments, Executive reorganization, Federal preemption, Finance, Holding companies, Insurance agents, Insurance companies, Insurance law, Law, Licenses, Life insurance, Ombudsman, Politics and government, Property insurance, State and local government, State laws
Latest Action: 05/24/2007 - Sponsor introductory remarks on measure. (CR S6849) Bill TextA 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,[...] show full description
Also tagged in: Administrative procedure, Armed forces, Arms control agreements, Arms sales, Business, Business intelligence, Commercial blacklisting, Congress, Congressional oversight, Congressional reporting requirements, Corporate reorganizations, Criminal justice, Defense economics, Defense industries, Defense policy, Energy, Energy industries, Executive departments, Executive Office of the President, Export controls, Foreign agents, Foreign corporations, Foreign investments, Foreign policy, Government information, Government ownership, Government paperwork, Governmental investigations, Infrastructure, Infrastructure (Economics), Inspectors general, International affairs, International finance, Israel, Law, Middle East and North Africa, National security, Nuclear nonproliferation, Politics and government, President and foreign policy, Presidents, Research and development, Risk, Science policy, Strategic materials, Technology, Technology transfer, Terrorism, Terrorists, Trade, Trade secrets
Latest Action: 06/29/2007 - Measure laid before Senate by unanimous consent. (consideration: CR S8753-8755) Bill TextAn original bill to ensure national security while promoting foreign investment and the creation and maintenance of jobs, to reform the process by which such investments are examined for any effect they may have on national security, to establish the Committee on Foreign Investment in the United States, and for other purposes. 6/13/2007--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.) Foreign Investment and National Security Act of 2007 - (Sec. 2) Amends the Defense Production Act of 1950 to revise provisions concerning presidential authority to review certain mergers, acquisitions, and takeovers to direct the President, acting through the Committee on Foreign Investment in the United States (CFIUS), and upon receiving written notification from any parties to a possible merger, acquisition [...] show full description
Also tagged in: Accounting, Administrative procedure, Administrative remedies, Affiliated corporations, Business, Confidential communications, Corporate finance, Corporation taxes, Debt, Department of the Treasury, Depreciation and amortiza |
