Top Legislation - View All
Also tagged in: Actions and defenses, Banks and banking, Business, Child pornography, Child sexual abuse, Children, Civil liberties, Consumer education, Consumers, Credit unions, Criminal justice, Electronic mail systems, Executive departments, Federal Communications Commission, Federal Trade Commission, Finance, Fines (Penalties), Government information, Government publicity, Humanities, Identification devices, Independent regulatory commissions, Injunctions, International finance, Internet, Law, Libraries, Parties to actions, Pornography, Restrictive trade practices, Right of privacy, Savings and loan associations, Sentences (Criminal procedure), Social security, Social security numbers, Technology, Telecommunication, Telephone, Web sites
Latest Action: 01/04/2007 - Read twice and referred to the Committee on Commerce, Science, and Transportation. Bill TextA bill to amend the Communications Act of 1934 to prevent the carriage of child pornography by video service providers, to protect children from online predators, and to restrict the sale or purchase of children's personal information in interstate commerce. 1/4/2007--Introduced. Protecting Children in the 21st Century Act - Amends the Communications Act of 1934 to require the Federal Communications Commission (FCC) to issue regulations requiring video services to prevent child pornography. Amends the Crime Control Act of 1990 to triple the fines on providers of electronic communication services or remote computing services who knowingly and willfully fail to report child pornography. Requires warning labels for websites depicting sexually explicit material. Deleting Online Predators Act of 2007 - Amends the Communications Act of 1934 to require schools and libraries that receive universal service support to enforce a policy that: (1) prohibits access to a commercial [...] show full description
Also tagged in: Actions and defenses, Afghanistan, Communications, Criminal justice, Electronic surveillance, Foreign policy, Injunctions, Intelligence activities, International affairs, International finance, Iraq, Iraq compilation, Judicial review, Law, Middle East and North Africa, Pakistan, Parties to actions, Reporters and reporting, South Asia, State-sponsored terrorism, Supreme Court, Telecommunication, Terrorism, Terrorists, Warrants (Law)
Latest Action: 01/04/2007 - Read twice and referred to the Committee on the Judiciary. Bill TextA bill to expedite review by the Supreme Court of the warrantless electronic surveillance program of the National Security Agency. 1/4/2007--Introduced. Foreign Surveillance Expedited Review Act - Provides standing for civil actions for declaratory and injunctive relief to persons who refrain from electronic communications through fear of being subject to warrantless electronic surveillance for foreign intelligence purposes.
Also tagged in: Auditing, Bank records, Business, Cartels, Checks, Civil liberties, Conspiracy, Consumer credit, Consumers, Counterfeiting, Credit bureaus, Criminal investigation, Criminal justice, Electronic funds transfers, Extraterritoriality, Finance, Forgery, Government securities, Grand jury, Indictments, Intelligence activities, International finance, Law, Money laundering, Obstruction of justice, Prosecution, Right of privacy, Secret service, Securities, Smuggling, Subpoena, Technology, Telecommunication, Undercover operations
Latest Action: 02/01/2007 - Sponsor introductory remarks on measure. (CR S1523-1524) Bill TextA bill to improve the prohibitions on money laundering, and for other purposes. 2/1/2007--Introduced. Combating Money Laundering and Terrorist Financing Act of 2007 - Amends money laundering provisions of the federal criminal code to redefine "specified unlawful activity" as: (1) any act constituting an offense in violation of the laws of the United States or any State punishable by imprisonment for a term exceeding 1 year; and (2) any act occurring outside of the United States that would constitute such an offense if committed within U.S. jurisdiction. Revises the procedure for issuing subpoenas in money laundering cases. Assigns a standard value to monetary instruments payable to bearer in blank (with no amount indicated on the instrument). Increases the penalty for bulk cash smuggling in or out of the United States from five to 10 years. Redefines money laundering transactions involving amounts greater than $10,000 to include commingling [...] show full description
Also tagged in: Administrative procedure, Caribbean area, Civil liberties, Cuba, Executive departments, Executive Office of the President, Export controls, Families, Foreign policy, Gifts, International finance, Latin America, Law, Money, Right to travel, Sanctions (International law), Trade, Transportation
Latest Action: 01/31/2007 - Referred to the House Committee on Foreign Affairs. Bill TextTo allow United States nationals and permanent residents to visit family members in Cuba, and for other purposes. 1/31/2007--Introduced. Cuban-American Family Rights Restoration Act - Prohibits that President from regulating or prohibiting: (1) travel to or from Cuba by any U.S. person; or (2) transactions (baggage, living expenses, personal use goods or services, normal banking transactions) incident to travel for the purpose of visiting a close relative who is a national of Cuba. Directs the President to rescind all regulations that so regulate or prohibit such travel or transactions.
Also tagged in: American investments, Bank holding companies, Business, Corporation taxes, Finance, Financial services, Foreign corporations, Holding companies, Income tax, Insurance, Insurance companies, International finance, Stockholders, Tax deferral, Tax exclusion, Taxation, Taxation of foreign income, Trade
Latest Action: 03/20/2007 - Sponsor introductory remarks on measure. (CR S3391) Bill TextA bill to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. 3/20/2007--Introduced. Amends the Internal Revenue Code, with respect to taxation of U.S. shareholders of controlled foreign corporations, to permanently extend the subpart F exemption (which excludes such income from the shareholder's foreign personal holding company income) for active financing (insurance, banking, financing, or similar businesses) income earned on business operations overseas.
Also tagged in: Agriculture, Agriculture in foreign trade, Air cargo, Caribbean area, Civil liberties, Collection of accounts, Congressional reporting requirements, Cuba, Cubans, Embargo, Export controls, Exports, Food, Food safety, Foreign policy, Freight, Immigration, International affairs, International banking, International finance, Latin America, Law, Licenses, Marine transportation, Marketing of farm produce, Right to travel, Sanctions (International law), Trade, Transportation, Visas
Latest Action: 05/31/2007 - Unfavorable Executive Comment Received from USDA. Bill TextTo facilitate the sale of United States agricultural products to Cuba, as authorized by the Trade Sanctions Reform and Export Enhancement Act of 2000. 2/13/2007--Introduced. Agricultural Export Facilitation Act of 2007 - Amends the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSREEA of 2000) to require the Secretary of the Treasury to authorize, under a general license, certain travel-related transactions for travel to, from, or within Cuba in connection with: (1) sales and marketing activities, including organization and participation in product exhibitions; and (2) sea or air transportation of products. Authorizes a consular official to issue a temporary tourist/business visa for a Cuban national (who is not otherwise inadmissible) whose itinerary documents an intent to conduct activities, including phytosanitary inspections, related to purchasing U.S. agricultural goods under the provisions of TSREEA of 2000. Defines "payment in cash"[...] show full description
Also tagged in: Administrative fees, Admission of nonimmigrants, Affiliated corporations, Agriculture, Agriculture in foreign trade, Alien property, American investments, Arab countries, Armed forces, Arms control, Arms sales, Authorization, Ballistic missiles, Biological warfare, Budgets, Business, Chemical warfare, Children, China, Commercial aviation, Commercial blacklisting, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Conventional weapons, Criminal justice, Defense policy, Department of the Treasury, Depreciation and amortization, Development credit institutions, Diplomacy, East Asia, Economic assistance, Education, Educational exchanges, Elementary and secondary education, Energy, Energy development, Energy industries, Exchange of persons programs, Executive departments, Export controls, Export finance, Finance, Fines (Penalties), Food, Foreign aid, Foreign corporations, Foreign investments, Foreign loans, Foreign policy, Free trade, Genocide, Geology, Geophysical prediction, Government contractors, Government procurement, Higher education, Identification devices, Immigration, Import restrictions, Income tax, International affairs, International agencies, International control of nuclear power, International cooperation, International finance, Investments, Iran, Islamic fundamentalism, Israel, Jewish holocaust (1939-1945), Liquefied natural gas, Middle East and North Africa, Money laundering, National security, Nuclear nonproliferation, Nuclear weapons, Pension funds, Pensions, Petroleum, Petroleum industry, President and foreign policy, Presidents, Public contracts, Religion, Russia, Sanctions (International law), State-sponsored terrorism, Subsidiary corporations, Tankers, Tax deductions, Taxation, Technology, Technology transfer, Terrorism, Terrorists, Textile fabrics, Trade, Trade agreements, Transportation, Treaties, United Nations, Uranium enrichment, Visas, Weapons of mass destruction, Weapons systems, Youth
Latest Action: 09/26/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo enhance United States diplomatic efforts with respect to Iran by imposing additional economic sanctions against Iran, and for other purposes. 9/25/2007--Passed House amended. (There are 2 other summaries) Iran Counter-Proliferation Act of 2007 - Title I: Support for Diplomatic Efforts Relating to Preventing Iran from Acquiring Nuclear Weapons - (Sec. 101) Expresses the sense of Congress that: (1) the United States should use diplomatic and economic means to resolve the Iranian nuclear problem; (2) the United States should continue to support efforts in the International Atomic Energy Agency (IAEA) and the U.N. Security Council to end Iran's uranium enrichment and nuclear weapons programs; (3) Security Council Resolution 1737 was a useful first step toward pressing Iran to end its nuclear weapons program; and (4) in light of Iran's continued defiance of the international community the Security Council should adopt additional measures against [...] show full description
Also tagged in: Bank capital, Bank examination, Bank holding companies, Bank management, Bank mergers, Bank records, Business, Deposit insurance, Finance, International finance, Nonbank banks, Subsidiary corporations
Latest Action: 05/10/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to amend the Federal Deposit Insurance Act to establish industrial bank holding company regulation, and for other purposes. 5/10/2007--Introduced. Industrial Bank Holding Company Act of 2007 - Amends the Federal Deposit Insurance Act (FDIA) to apply the bank share or asset acquisition requirements of the Bank Holding Company Act of 1956 to any company that is or would become an industrial bank holding company.Subjects an industrial bank to Federal Deposit Insurance Corporation (FDIC) requirements regarding registration, reporting, and bank examinations. Prohibits the FDIC from imposing capital or capital adequacy requirements on functionally regulated affiliates of any depository institution controlled by industrial bank holding companies meeting certain criteria. Requires a federal supervisory agency of an industrial bank holding company to forego examination of any depository institution subsidiary of the holding company. Authorizes the [...] show full description
Also tagged in: American investments, Bank holding companies, Business, Corporation taxes, Finance, Financial services, Foreign corporations, Holding companies, Income tax, Insurance, Insurance companies, International finance, Stockholders, Tax deferral, Tax exclusion, Taxation, Taxation of foreign income, Trade
Latest Action: 03/13/2007 - Sponsor introductory remarks on measure. (CR E530) Bill TextTo amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. 3/13/2007--Introduced. Amends the Internal Revenue Code, with respect to taxation of U.S. shareholders of controlled foreign corporations, to permanently extend the subpart F exemption (which excludes such income from the shareholder's foreign personal holding company income) for active financing (insurance, banking, financing, or similar businesses) income earned on business operations overseas.
Also tagged in: Balance of payments, Business, Canada, Congress, Congress and foreign policy, Congressional hearings, Congressional oversight, Congressional reporting requirements, Congressional witnesses, Countervailing duties, Development credit institutions, Dumping, Executive departments, Expedited congressional procedure, Federal advisory bodies, Finance, Foreign corporations, Foreign exchange, Foreign exchange rates, Foreign loans, Foreign policy, Free trade, Government procurement, Governmental investigations, Holding companies, House rules and procedure, Income tax, Insurance, International affairs, International finance, International monetary system, Investment guaranty insurance, Latin America, Legislative resolutions, Mexico, Monetary policy, President and foreign policy, Public contracts, Senate rules and procedure, Tariff, Tax exclusion, Taxation, Trade, Trade agreements, Trade negotiations
Latest Action: 12/14/2007 - By Senator Baucus from Committee on Finance filed written report. Report No. 110-248. Bill TextA bill to provide for identification of misaligned currency, require action to correct the misalignment, and for other purposes. 7/31/2007--Reported to Senate amended. (There is 1 other summary) Currency Exchange Rate Oversight Reform Act of 2007 - (Sec. 3) Directs the Secretary of the Treasury to: (1) report biannually to Congress on international monetary policy and currency exchange rates; and (2) appear, if requested, before certain congressional committees to testify regarding such reports.Prescribes report contents, including: (1) an analysis of currency market developments and the relationship between the U.S. dollar and the currencies of major economies and trading partners of the United States; (2) a review of the economic and monetary policies of major economies and trading partners of the United States and an evaluation of how such policies impact currency exchange rates; and (3) a list of currencies designated as fundamentally misaligned [...] show full description
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Latest Legislation - View All
Also tagged in: Administrative procedure, Alien property, American investments, Armed forces, Arms sales, Authorization, Biological warfare, Budgets, Business, Chemical warfare, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Corporate accountability, Criminal justice, Defense policy, Department of the Treasury, Energy, Executive departments, Explosives, Export controls, Export finance, Finance, Foreign investments, Foreign loans, Foreign policy, Gas industry, Government procurement, Import restrictions, Independent regulatory commissions, International affairs, International finance, Investments, Iran, Law, Liquefied natural gas, Middle East and North Africa, Nuclear exports, Nuclear industry, Nuclear nonproliferation, Pension funds, Pensions, Petroleum industry, Pipelines, President and foreign policy, Presidents, Public contracts, Sanctions (International law), Securities and Exchange Commission, Securities regulation, State-sponsored terrorism, Subsidiary corporations, Tankers, Tax-deferred compensation plans, Taxation, Technology, Technology transfer, Terrorism, Trade, Transportation, Weapons of mass destruction, Weapons systems
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 TextAn 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 [...] show full description
Also tagged in: Bank accounts, Congress, Congressional committees (Senate), Congressional investigations, Congressional privileges and immunities, Criminal investigation, Criminal justice, Evidence (Law), Finance, Governmental investigations, Income tax, International finance, Senate Homeland Security and Governmental Affairs, Tax evasion, Tax havens, Taxation
Latest Action: 07/31/2008 - Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S7981; text as passed Senate: CR S7981; text of measure as introduced: CR S7977) Bill TextA resolution to authorize the production of records by the Permanent Subcommittee on Investigations of the Committee on Homeland Security and Governmental Affairs. 7/31/2008--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.) Authorizes the Chairman and Ranking Minority Member of the Permanent Subcommittee on Investigations of the Committee on Homeland Security and Governmental Affairs, acting jointly, to provide to law enforcement officials, regulatory agencies, and other entities or individuals duly authorized by federal, state, or foreign governments, records of the Subcommittee's investigation into tax haven financial institutions, their formation and administration of offshore entities and accounts for use by U.S. clients, and the impact of those activities on tax compliance in the United States.
Also tagged in: Affiliated corporations, Alien property, American investments, Armed forces, Arms sales, Ballistic missiles, Business, Civil service retirement, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Conventional weapons, Corporate accountability, Criminal justice, Defense policy, Depreciation and amortization, Development credit institutions, Diplomats, Education, Educational exchanges, Energy, Energy research, Energy supplies, Exchange of persons programs, Export controls, Export finance, Federal employees, Finance, Foreign aid, Foreign investments, Foreign loans, Foreign policy, Free trade, Geology, Geophysical prediction, Government employees, Government ownership, Government procurement, Governmental investigations, Guided missiles, Higher education, Import restrictions, Income tax, International affairs, International broadcasting, International control of nuclear power, International finance, Investments, Iran, Law, Licenses, Middle East and North Africa, Natural resources, Nuclear exports, Nuclear fuels, Nuclear nonproliferation, Pension funds, Pensions, Petroleum industry, Politics and government, President and foreign policy, Presidents, Public contracts, Radio broadcasting, Reactor fuel reprocessing, Research and development, Russia, Sanctions (International law), Science policy, Subsidiary corporations, Tax deductions, Tax-deferred compensation plans, Taxation, Telecommunication, Terrorism, Trade, Trade agreements, Treaties, United Nations, Uranium enrichment, War and emergency powers, Weapons of mass destruction, Weapons systems
Latest Action: 07/07/2008 - Committee on Finance. Original measure reported to Senate by Senator Baucus. With written report No. 110-408. Additional views filed. Bill TextAn original bill to impose sanctions on Iran and for other purposes. 7/7/2008--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.) Iran Sanctions Act of 2008 - (Sec. 3) Expresses the sense of Congress concerning a variety of existing and proposed sanctions against Iran. (Sec. 4) States that nothing in this Act shall be construed as authorizing the President to use military force against Iran. (Sec. 5) Defines specified terms. (Sec. 6) Amends the Iran Sanctions Act of 1996 to expand the definition of "person" to include: (1) a financial institution, insurer, underwriter, guarantor, or any other business organization, including any foreign subsidiary, parent, or affiliate of one of the foregoing; and (2) an export credit agency that is a governmental entity operating [...] show full description
Also tagged in: Armed forces, Business, Criminal justice, Defense policy, Diplomacy, Energy, Energy industries, Export controls, Foreign policy, Gas industry, International affairs, International finance, Iran, Middle East and North Africa, National security, Nuclear nonproliferation, Petroleum industry, Sanctions (International law), State-sponsored terrorism, Terrorism, Trade, Uranium enrichment
Latest Action: 06/02/2008 - Referred to the Committee on Foreign Relations. (text of measure as introduced: CR S4894) Bill TextA resolution expressing the sense of the Senate on preventing Iran from acquiring a nuclear weapons capability. 6/2/2008--Introduced. Declares that: (1) preventing the government of Iran from acquiring a nuclear weapons capability through economic, political, and diplomatic means is vital to U.S. national security; and (2) nothing in this resolution authorizes the use of force against Iran. Urges the President to use his authority to impose sanctions on: (1) Iranian banks engaged in proliferation activities or the support of terrorist groups; (2) international banks which conduct financial transactions with sanctioned Iranian banks; (3) energy companies with large investments in the Iranian petroleum or natural gas sector; and (4) all companies which do business with Iran's Islamic Revolutionary Guard Corps. Demands that the President lead an international effort to increase pressure on Iran to suspend its nuclear enrichment activities, including by banning the [...] show full description
Also tagged in: Business, Computer software, Finance, Foreign corporations, Holding companies, Income tax, Insurance, International finance, Leases, Rent, Stockholders, Tax exemption, Taxation, Taxation of foreign income, Technology, Trade
Latest Action: 11/16/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to amend the Internal Revenue Code of 1986 to modernize the application of the subpart F rules to computer software, to expand the subpart F de minimis rule, and to extend certain expiring provisions. 11/16/2007--Introduced. Amends Internal Revenue Code provisions relating to taxation of U.S. shareholders of controlled foreign corporations to: (1) exclude from foreign personal holding company income rents and royalties attributable to computer software that is leased or licensed for use outside the United States and that was developed or marketed by a controlled foreign corporation or related person; (2) increase to $5 million (currently, $1 million) the de minimis dollar amount for determinations of foreign base company income; (3) permanently extend the look-thru rule for for the tax treatment of income received or accrued from a controlled foreign corporation; and (4) permanently extend the exemption from foreign personal holding company income for active financing [...] show full description
Also tagged in: Advice and consent of the Senate, Alien property, Armed forces, Arms sales, Burma, Civil liberties, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Democracy, Diplomats, Dissenters, East Asia, Embargo, Ethnic groups, Foreign aid, Foreign leaders, Foreign policy, Human rights, Immigration, Import restrictions, International affairs, International finance, Law, Licenses, Lumber trade, Military assistance, Minorities, Natural resources, Nongovernmental organizations, Political parties, Political persecution, Political prisoners, Politics and government, President and foreign policy, Presidential appointments, Presidents, Refugees, Religion, Religious liberty, Sanctions (International law), Timber sales, Trade, Weapons systems
Latest Action: 10/29/2007 - Sponsor introductory remarks on measure. (CR S13521-13522) Bill TextA bill to impose sanctions on officials of the State Peace and Development Council in Burma, to amend the Burmese Freedom and Democracy Act of 2003 to prohibit the importation of gemstones and hardwoods from Burma, to promote a coordinated international effort to restore civilian democratic rule to Burma, and for other purposes. 10/29/2007--Introduced. Burma Democracy Promotion Act of 2007 - States that it is U.S. policy to: (1) condemn the repression carried out by the State Peace and Development Council (SPDC); (2) support a peaceful transition to constitutional democracy in Burma; and (3) hold accountable individuals responsible for the repression of peaceful political activity in Burma. Directs the President to submit to the appropriate congressional committees a list of: (1) SPDC officials who play or have played a substantial role in political repression in Burma or in the commission of human rights abuses; and (2) other Burmese SPDC supporters. Subjects [...] show full description
Also tagged in: Advice and consent of the Senate, Alien property, Armed forces, Arms sales, Burma, Civil liberties, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Democracy, Diplomats, Dissenters, East Asia, Embargo, Ethnic groups, Foreign aid, Foreign leaders, Foreign policy, Human rights, Immigration, Import restrictions, International affairs, International finance, Law, Licenses, Lumber trade, Military assistance, Minorities, Natural resources, Nongovernmental organizations, Political parties, Political persecution, Political prisoners, Politics and government, President and foreign policy, Presidential appointments, Presidents, Refugees, Religion, Religious liberty, Sanctions (International law), Timber sales, Trade, Weapons systems
Latest Action: 07/29/2008 - Signed by President. Bill TextAn act to impose sanctions on officials of the State Peace and Development Council in Burma, to amend the Burmese Freedom and Democracy Act of 2003 to prohibit the importation of gemstones and hardwoods from Burma, to promote a coordinated international effort to restore civilian democratic rule to Burma, and for other purposes. 7/22/2008--Public Law. (There are 5 other summaries) (This measure has not been amended since it was passed by the House on July 15, 2008. The summary of that version is repeated here.) Tom Lantos Block Burmese JADE (Junta's Anti-Democratic Efforts) Act of 2008 - (Sec. 4) States that it is U.S. policy to: (1) condemn the repression carried out by the State Peace and Development Council (SPDC) of Burma; (2) support a peaceful transition to constitutional democracy in Burma; (3) support international efforts to alleviate the suffering of Burmese refugees and address the urgent humanitarian needs of the Burmese people;[...] show full description
Also tagged in: Alien property, American investments, Budgets, Burma, Business, Civil liberties, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Democracy, Dissenters, East Asia, Ethnic groups, Foreign aid, Foreign policy, Grants-in-aid, Human rights, Import restrictions, International affairs, International finance, Internet, Jewelry trade, Military assistance, Minorities, Natural resources, Nongovernmental organizations, Political persecution, Political prisoners, Politics and government, President and foreign policy, Presidents, Sanctions (International law), Technology, Telecommunication, Timber sales, Trade, Wood
Latest Action: 10/16/2007 - Sponsor introductory remarks on measure. (CR S12941) Bill TextA bill to impose sanctions on officials of the State Peace and Development Council in Burma, to prohibit the importation of gems and hardwoods from Burma, to support democracy in Burma, and for other purposes. 10/16/2007--Introduced. Saffron Revolution Support Act of 2007 - States that it is U.S. policy to: (1) support the democratic aspirations of Burma's people; (2) condemn the repression carried out by the State Peace and Development Council (SPDC); and (3) hold accountable individuals responsible for the repression of peaceful political activity in Burma. Directs the President to submit to the appropriate congressional committees a list of: (1) SPDC officials who play or have played a substantial role in political repression in Burma or in the commission of human rights abuses; and (2) other Burmese SPDC supporters. Subjects persons so identified to U.S. entry prohibition and financial sanctions (blocked property, financial transaction prohibitions, and banking [...] show full description
Also tagged in: American investments, Bank examination, China, Communications, Conferences, East Asia, Finance, Financial institutions, Financial services, Foreign investments, Foreign policy, Free trade, International banking, International finance, Life insurance, Nontariff trade barriers, Reciprocity, Securities, Trade, Trade agreements, Trade negotiations
Latest Action: 09/05/2007 - Considered as unfinished business. (consideration: CR H10111) Bill TextCalling on the Government of the People's Republic of China to remove barriers to United States financial services firms doing business in China. 9/5/2007--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.) Declares the sense of the House of Representatives that: (1) the government of the People's Republic of China should immediately implement all of its World Trade Organization (WTO) commitments to date in financial services; and (2) it should immediately implement all of its commitments to date made under the auspices of the Strategic Economic Dialogue (SED) initiated by the Secretary of the Treasury. States that U.S. goals for the next SED meeting should be to achieve Chinese commitments toward: (1) removal of all foreign investment ownership caps on banking, life insurance, asset management, and securities; and [...] show full description
Also tagged in: Alien property, Arab countries, Bank examination, Branch banking, Claims, Compensation for victims of crime, Counterterrorism, Criminal justice, Damages, Expropriation, Finance, Foreign policy, Fund raising, Government information, Government paperwork, International affairs, International banking, International finance, Law, Licenses, Middle East and North Africa, Public records, Terrorism, Victims of terrorism
Latest Action: 07/10/2007 - Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs, 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 commi Bill TextTo require the Secretary of the Treasury to take certain actions with regard to the Arab Bank, and for other purposes. 7/10/2007--Introduced. Arab Bank Accountability Act - Directs the Secretary of the Treasury to release certain documents and information relating to the Arab Bank (other than those which would impede any federal criminal or civil investigation of the Bank). Directs the President to block certain Bank assets within the United States which shall be made available for payment of any terrorism-related judgment against the Bank. States that after any such judgment becomes final the Board of Directors of the Federal Reserve System and the Comptroller of the Currency shall act to terminate any Bank branch or agency in the United States and to prohibit the Bank from maintaining any interest in any commercial lending company within the United States.
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