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Also tagged in: Charitable contributions, Charities, Education, Electronic government information, Excise tax, Federal-Indian relations, Finance, Foundations, Government information, Government paperwork, Higher education, Income tax, Indians, Labor, Minorities, Scholarships, Social services, Tax penalties, Tax returns, Tax-exempt organizations, Taxation, Technology, Telecommunication, Wages
Latest Action: 09/29/2008 - Received in the Senate. Bill TextTo amend the Internal Revenue Code of 1986 to enhance charitable giving and improve disclosure and tax administration. 9/27/2008--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.)Charity Enhancement Act of 2008 - Amends the Internal Revenue Code to modify rules and definitions relating to the excise tax on distributions from donor advised funds (charitable funds in which a donor has, or reasonably expects to have, advisory privileges with respect to the distribution or investment of amounts held in such funds by reason of his or her status as a donor). Excludes from the definition of "donor advised fund" charitable funds that receive contributions or are advised solely by one or more public charities or governmental entities. Exempts certain scholarship distributions from the [...] show full description
Also tagged in: Administrative procedure, Business, Department of the Treasury, Economic impact statements, Economic policy, Electronic commerce, Executive departments, Federal reserve system, Finance, Gambling, Government information, Government paperwork, Internet, Law, Sports, Technology, Telecommunication
Latest Action: 10/03/2008 - Reported (Amended) by the Committee on Financial Services. H. Rept. 110-910. Bill TextTo 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. 10/3/2008--Reported to House amended. (There is 1 other summary) Payments System Protection Act of 2008 - Prohibits the Secretary of the Treasury and the Board of Governors of the Federal Reserve System (Board) from proposing, prescribing, or implementing any regulation against funding unlawful Internet gambling, including proposed regulations published in the Federal Register on October 4, 2007, except to the extent such regulation: (1) pertains to unlawful Internet sports gambling; or (2) is developed on the record jointly by the Secretary and the Board, after opportunity for an agency hearing with an administrative law judge (or similar official), complete with a definition of "unlawful Internet gambling," and after conducting a full economic impact study [...] show full description
Also tagged in: Administrative procedure, Automated teller machines, Bank accounts, Bank loans, Bank management, Banks and banking, Business, Checks, Churches, Civil liberties, Community development banking, Congress, Congressional reporting requirements, Consumer education, Consumers, Cost accounting, Credit unions, Depressed areas, Economic policy, Executive departments, Fees, Finance, Government information, Government paperwork, Interest, Interest rates, Investments, Law, Leases, Mortgages, Motor vehicles, National Credit Union Administration, Nonprofit organizations, NOW accounts, Religion, Right of privacy, Savings and loan associations, Securities, Small business, Small business investment companies, Social services, Surveys, Transportation
Latest Action: 06/25/2008 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo advance credit union efforts to promote economic growth, modify credit union regulatory standards and reduce burdens, to provide regulatory relief and improve productivity for insured depository institutions, and for other purposes. 6/24/2008--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.) Credit Union, Bank, and Thrift Regulatory Relief Act of 2008 - Title I: Credit Unions - (Sec. 101) Amends the Federal Credit Union Act to: (1) permit a credit union to invest in securities for its own account, subject to certain percentage limitations; and (2) increase the investment and lending limit in credit union service organizations from 1% to 3% of a credit union's total paid and unimpaired capital and surplus. (Sec. 103) Excludes credit union loans to nonprofit religious organizations [...] show full description
Also tagged in: Administrative procedure, Business, Consumer protection, Consumers, Contracts, Credit cards, Debit cards, Executive departments, Federal Trade Commission, Fees, Finance, Government information, Government paperwork, Government publicity, Independent regulatory commissions, Law, Restrictive trade practices, Technology, Telecommunication
Latest Action: 06/11/2008 - Referred to the House Committee on Financial Services. Bill TextTo amend the Truth in Lending Act to prohibit unfair practices in electronic payment system networks, and for other purposes. 6/11/2008--Introduced. Credit Card Interchange Fees Act of 2008 - Amends the Truth in Lending Act to prohibit specified electronic payment system network practices, including the imposition of: (1) additional charges on merchants and consumers for premium payment cards; (2) certain restrictions on merchants, including chargebacks for transactions on point of sale terminals that exceed the allowable amount on such devices; (3) restrictions upon network routing; and (4) fees for failure of the merchant to provide a particular number of transactions. Requires an electronic payment system network to disclose its contract terms to the merchant, including its complete operating rules, without restricting the merchant's use of such information. Directs the Federal Trade Commission (FTC) to prescribe regulations to: (1) ensure that the rules,[...] show full description
Also tagged in: Bank deposits, Congress, Congressional employees, Congressional salaries, Electronic data interchange, Electronic government information, Finance, Government employees, Government information, House of Representatives, Labor, Members of Congress, Payroll deductions, Tax returns, Taxation, Technology, Telecommunication, Withholding tax
Latest Action: 09/11/2008 - ORDER OF PROCEDURE - Mr. Hoyer asked unanimous consent that the motion to suspend the rules be considered as adopted in the form considered by the House on Tuesday, September 9, 2008. (consideration: CR H8025) Bill TextDirecting the Chief Administrative Officer of the House of Representatives to provide individuals whose pay is disbursed by the Chief Administrative Officer by electronic funds transfer with the option of receiving receipts of pay and withholdings electronically. 9/11/2008--Passed House amended. (There are 2 other summaries) (This measure has not been amended since it was reported to the House on September 8, 2008. The summary of that version is repeated here.) Requires the Chief Administrative Officer (CAO) of the House of Representatives to take necessary steps to provide individuals whose pay is disbursed by the CAO, by electronic funds transfer, with the option of: (1) receiving electronic receipt of such pay and its accompanying withholdings; (2) viewing electronically the individual's employee statement required under the Internal Revenue Code; and (3) revising electronically the individual's number of deductions and withholdings [...] show full description
Latest Action: 10/15/2008 - Became Public Law No: 110-423. Bill TextTo provide that Federal employees receiving their pay by electronic funds transfer shall be given the option of receiving their pay stubs electronically. 10/15/2008--Public Law. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Requires the Office of Personnel Management (OPM) to ensure that executive agency employees who receive their pay by electronic funds transfer are given the option of receiving their pay stubs electronically.
Also tagged in: Budgets, Business, Collection of accounts, Communications, Congress, Congressional reporting requirements, Corporation taxes, Criminal justice, Debit cards, Department of the Treasury, Earned income tax credit, Executive departments, Finance, Fraud, Government contractors, Government information, Government procurement, Government publicity, Government service contracts, Governmental investigations, Grants-in-aid, Home care services, Identity theft, Income tax, Internet, Labor, Law, Loans, Names, Partnerships, Public contracts, Searches and seizures, Signs and symbols, Social services, Tax auditing, Tax deductions, Tax exemption, Tax liens, Tax penalties, Tax preparers, Tax refunds, Tax returns, Taxation, Taxpayers, Technology, Telecommunication, Volunteer workers, Welfare, Wireless communication, Withholding tax
Latest Action: 04/16/2008 - Received in the Senate and Read twice and referred to the Committee on Finance. Bill TextTo amend the Internal Revenue Code of 1986 to conform return preparer penalty standards, delay implementation of withholding taxes on government contractors, enhance taxpayer protections, assist low-income taxpayers, and for other purposes. 4/15/2008--Passed House amended. (There are 2 other summaries) Taxpayer Assistance and Simplification Act of 2008 - (Sec. 2) Amends the Internal Revenue Code to modify the standards for imposing penalties on tax return preparers for understatements of tax to require: (1) substantial authority for a position with respect to an item on a tax return if such position was not disclosed with the return; and (2) a reasonable basis for a position that was disclosed with the return. Requires tax return preparers to have a reasonable belief that a position with respect to a tax shelter or a reportable transaction (a transaction having a potential for tax avoidance or evasion) will more likely than not be sustained on [...] show full description
Also tagged in: Bank deposits, Commemorations, Congressional tributes, Finance, Old age, survivors and disability insurance, Social security, Social security beneficiaries, Special months, Technology, Telecommunication Latest Action: 02/05/2008 - Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S671; text as passed Senate: CR S671; text of measure as introduced: CR S662) Bill TextA resolution designating February 2008 as "Go Direct Month." 2/5/2008--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.) Designates February 2008 as "Go Direct Month." Supports the goals and ideals of the "Go Direct" campaign. Commends federal, state, and local governments, nonprofit agencies, and the private sector for promoting February as "Go Direct Month." Encourages people in the United States who are eligible to receive Social Security or other federal benefit payments to: (1) participate in events and awareness initiatives held during February; (2) become informed about the convenience and safety of direct deposit; and (3) consider signing up for direct deposit of federal benefit payments.
Also tagged in: Access to health care, Administrative procedure, Collection of accounts, Congress, Congressional reporting requirements, Department of Health and Human Services, Emergency management, Emergency medicine, Executive departments, Finance, Health policy, Hospital rates, Law, Medical care, Medical fees, Medicine, Performance measurement, Public contracts, Smart cards, Technology, Telecommunication, Transportation, Veterans, Veterans' medical care
Latest Action: 08/13/2007 - Referred to the Subcommittee on Health. Bill TextTo amend title 38, United States Code, to provide for a more equitable geographic allocation of funds appropriated to the Department of Veterans Affairs for medical care. 8/4/2007--Introduced. 21st Century Veterans Equitable Treatment Act - Directs the Secretary of Veterans Affairs to: (1) establish a maximum specialist referral period (the period between a veteran's referral to a specialty clinic of the Department of Veterans Affairs (VA) by a VA primary care physician and the actual appointment with a specialist); and (2) provide appropriate transportation to such appointments for qualified veterans. Requires the Secretary, in any case in which such period is exceeded or in which transportation was not so provided, to promptly provide for such care or transportation from a private source and to reimburse such source at an appropriate rate. Requires expedited reimbursement procedures. Directs the Secretary to include within standards of performance used for measuring VA [...] show full description
Also tagged in: Bank accounts, Budgets, Children, College costs, Education, Education savings accounts, Executive departments, Federal advisory bodies, Finance, Financial services, Grants-in-aid, Higher education, Income tax, Individual retirement accounts, Labor, Payroll deductions, Pensions, Performance measurement, Poverty, Saving and investment, Savings bonds, Tax credits, Tax preparers, Tax refunds, Tax returns, Taxation, Technology, Welfare
Latest Action: 08/02/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to provide administrative ease and incentives for increased saving by Americans, and for other purposes. 8/2/2007--Introduced. New Savers Act - Requires the Commissioner of Internal Revenue to notify individual taxpayers of their options to: (1) have their income tax refunds electronically deposited to a designated bank account (e.g., savings account); and (2) purchase U.S. savings bonds when they file their federal income tax returns.Authorizes the Secretary of the Treasury to: (1) make grants to provide matching funds for clinics to assist low-income taxpayers in preparing and filing their federal income tax returns; (2) increase payments to financial institutions to offset the costs of opening electronic transfer accounts; and (3) provide grants to states to increase participation in qualified tuition programs by moderate and low-income families.Requires the Secretary to: (1) establish performance measures to evaluate the extent to which Americans save [...] show full description
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