Top Legislation - View All
Also tagged in: Administrative procedure, Advice and consent of the Senate, Air pollution, Air pollution control, Alternative energy sources, Biomass energy, Business, Carbon cycle, Carbon dioxide, Climate change, Coal, Cogeneration of electric power and heat, Congress, Congressional delegations, Congressional reporting requirements, Cost effectiveness, Developing countries, Economic impact statements, Economic policy, Electric power plants, Electric power production, Emissions trading, Energy, Energy conservation, Energy consumption, Energy efficiency, Environmental assessment, Environmental law enforcement, Environmental monitoring, Environmental protection, Environmental Protection Agency, Environmental research, Environmental technology, Executive departments, Executive reorganization, Finance, Fluorocarbons, Foreign policy, Fuel cells, Gasoline, Geology, Geothermal resources, Government information, Government publicity, Government vehicles, Independent regulatory commissions, Industrial pollution, Information disclosure (Securities law), International affairs, International environmental cooperation, Judicial review, Law, Marine resources, Methane, Motor vehicle pollution control, Negotiations, Nitrogen oxides, Ocean energy resources, Public contracts, Science policy, Securities and Exchange Commission, Securities regulation, Senate, Solar energy, Technological innovations, Technology, Technology assessment, Tidal power, Trade, Treaties, United Nations, Wind power
Latest Action: 06/13/2007 - Sponsor introductory remarks on measure. (CR S7625-7626) Bill TextA bill to amend the Clean Air Act to reduce emissions of carbon dioxide, and for other purposes. 1/16/2007--Introduced. Global Warming Pollution Reduction Act - Amends the Clean Air Act to set forth provisions concerning global warming pollution emissions. Directs the Environmental Protection Agency (EPA) to: (1) set milestones to reduce the aggregate net levels of emissions (authorizes EPA to establish market-based programs to achieve such reduction); (2) require each fleet of automobiles sold by a manufacturer beginning in model year 2016 to meet emission standards; (3) contract with the National Academy of Sciences to study the potential contribution of the non-highway portion of the transportation sector towards meeting the emission reduction goal; (4) require that electric generation units meet an emission standard that is not higher than the emission rate of a new combined cycle natural gas generating unit; and (5) establish a low-carbon generation trading program. [...] show full description
Also tagged in: Actions and defenses, Administrative procedure, Business, Child labor, Children, Civil liberties, Civil rights, Collective bargaining, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Criminal justice, Damages, Directories, Employee rights, Executive departments, Expedited congressional procedure, Export controls, Federal Trade Commission, Forced labor, Foreign policy, Freedom of association, Government contractors, Government information, Government paperwork, Government procurement, Government publicity, Governmental investigations, Hours of labor, House rules and procedure, Human rights, Import restrictions, Independent regulatory commissions, Injunctions, International affairs, Labor, Labor unions, Law, Legal fees, Legislative resolutions, Medical care, Medicine, Minimum wages, Occupational health and safety, Parties to actions, President and foreign policy, Presidents, Prison labor, Public contracts, Restrictive trade practices, Retail trade, Senate rules and procedure, Slavery, Trade
Latest Action: 10/25/2007 - Committee on Commerce, Science, and Transportation Subcommittee on Interstate Commerce, Trade, and Tourism. Hearings held. Bill TextA bill to amend the Tariff Act of 1930 to prohibit the import, export, and sale of goods made with sweatshop labor, and for other purposes. 1/23/2007--Introduced. Decent Working Conditions and Fair Competition Act - Amends the Tariff Act of 1930 to revise the prohibition on importing convict-made goods into the United States to make it unlawful to: (1) import into, or export from, the United States any sweatshop good; or (2) introduce into commerce, sell, trade, or advertise in commerce, offer to sell, or transport or distribute in U.S. commerce, any sweatshop good. Grants the President, for reasons of national interest, authority to recommend waiver of the applications set forth in this Act in connection with the goods of any country with respect to one or more of the principles and rights defined in this Act as a core labor standard. Sets forth procedures for consideration of such a waiver. Makes it unlawful for persons to introduce into commerce, sell,[...] show full description
Also tagged in: Access to health care, Accreditation (Medical care), Advice and consent of the Senate, Aged, Ambulatory care, Appropriations, Bonds, Budgets, Building construction, Capital budgets, Capital investments, Capitation (Medical care), Children, Chiropractic and chiropractors, Civil liberties, Clinics, Coinsurance, Community health services, Compensation (Law), Comprehensive health care, Congress, Congressional reporting requirements, Consumers, Dental care, Dentists, Department of Health and Human Services, Dislocated workers, Drug abuse, Drug abuse treatment, Drugs, Education, Electronic data interchange, Emergency management, Emergency medicine, Excise tax, Executive departments, Executive reorganization, Eye care, Federal aid to child health services, Federal aid to education, Federal-state relations, Finance, Generic drugs, Government information, Government paperwork, Government trust funds, Group medical practice, Health counseling, Health education, Health facilities, Health insurance, Health insurance portability, Health maintenance organizations, Health planning, Health policy, Hearing, Hearing aids, Higher education, Home care services, Hospital care, Hospital rates, Hospitals, Identification devices, Income tax, Indian medical care, Indians, Insurance premiums, Investments, Job hunting, Job training, Labor, Law, Licenses, Long-term care, Long-term care insurance, Managed care, Medicaid, Medical care, Medical economics, Medical education, Medical fees, Medical instruments and apparatus, Medical personnel, Medical records, Medical residents, Medical supplies, Medically uninsured, Medicare, Medicine, Mental health services, Mental illness, Midwives, Minorities, Minority health, National health insurance, Nonprofit organizations, Nurse practitioners, Nursing homes, Occupational retraining, Occupational therapy, Optometry, Osteopathy and osteopaths, Patients' rights, Payroll deductions, Physicians, Physicians' assistants, Poor children, Prescription pricing, Presidential appointments, Presidents, Preventive medicine, Prosthesis, Psychologists, Public health, Quality of care, Right of privacy, Salaries, Social services, State and local government, State laws, Tax rates, Taxation, Technology, Telecommunication, Unemployment insurance, Veterans, Veterans' medical care, Welfare, Withholding tax
Latest Action: 02/02/2007 - Referred to the Subcommittee on Health. Bill TextTo provide for comprehensive health insurance coverage for all United States residents, and for other purposes. 1/24/2007--Introduced. United States National Health Insurance Act (or the Expanded and Improved Medicare for All Act) - Establishes the United States National Health Insurance (USNHI) Program (the Program) to provide all individuals residing in the United States and in U.S. territories with free health care that includes all medically necessary care, such as primary care and prevention, prescription drugs, emergency care, and mental health services. Prohibits an institution from participating in the Program unless it is a public or nonprofit institution. Allows nonprofit health maintenance organizations (HMOs) that actually deliver care in their own facilities to participate in the Program. Gives patients the freedom to choose from participating physicians and institutions. Prohibits a private health insurer from selling health insurance coverage that [...] show full description
Also tagged in: Accounting, Administrative procedure, Associations, institutions, etc., Auditing, Business, Business records, Congress, Congressional committees (House), Congressional reporting requirements, Congressional witnesses, Corporate finance, Executive departments, Federal officials, Finance, Financial statements, Government employees, Government information, Government paperwork, House Financial Services, Independent regulatory commissions, Information disclosure (Securities law), Interactive media, Law, Nonprofit organizations, Securities and Exchange Commission, Social services, Standards, Technology
Latest Action: 02/28/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo require annual oral testimony before the Financial Services Committee of the Chairperson or a designee of the Chairperson of the Securities and Exchange Commission, the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board, relating to their efforts to promote transparency in financial reporting. 2/27/2007--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.) Promoting Transparency in Financial Reporting Act of 2007 - Requires the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board to provide oral testimony by their respective Chairpersons (or a designee), beginning in 2007, and annually for five years, to the Committee on Financial Services of the House of Representatives on their efforts to reduce the complexity [...] show full description
Also tagged in: Accounting, Administrative procedure, Associations, institutions, etc., Auditing, Business, Business records, Congress, Congressional committees (House), Congressional committees (Senate), Congressional reporting requirements, Congressional witnesses, Corporate finance, Executive departments, Federal officials, Finance, Financial statements, Government employees, Government information, Government paperwork, House Financial Services, Independent regulatory commissions, Information disclosure (Securities law), Interactive media, Law, Nonprofit organizations, Securities and Exchange Commission, Senate Banking, Housing, and Urban Affairs, Social services, Standards, Technology
Latest Action: 03/09/2007 - Sponsor introductory remarks on measure. (CR S2973) Bill TextA bill to require annual testimony before Congress by the Securities and Exchange Commission, the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board, relating to efforts to promote transparency in financial reporting. 3/9/2007--Introduced. Promoting Transparency in Financial Reporting Act of 2007 - Requires the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board to provide oral testimony by their respective chairpersons (or a designee), beginning in 2007, and annually for five years, to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives on their efforts to reduce the complexity in financial reporting, so that investors are provided with more accurate and clear financial information.
Also tagged in: Accounting, Auditing, Business, Competition, Conflict of interests, Congress, Congressional reporting requirements, Corporate finance, Corporation reports, Europe, Finance, Financial statements, Governmental investigations, Information disclosure (Securities law), Legislation, Securities regulation, Small business, Standards, United Kingdom
Latest Action: 03/14/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to reform certain provisions of section 404 of the Sarbanes-Oxley Act of 2002, to make compliance with that section more efficient, with the goal of maintaining United States capital market global competitiveness. 3/14/2007--Introduced. Competitive and Open Markets That Protect and Enhance the Treatment of Entrepreneurs Act of 2007, or the Compete Act of 2007 - Amends the Sarbanes-Oxley Act of 2002 (Sarbanes-Oxley) to revise requirements for the internal control assessment component of a securities issuer's annual report.Requires the attestation and report by a registered public accounting firm on an issuer's management assessment of its internal control structure and procedures to focus upon the process and system used by management to identify and manage risks, identify and implement key controls, and come to a conclusion on the effectiveness of the internal controls over financial reporting. Prohibits an auditor's attestation and report from including [...] show full description
Also tagged in: American investments, Armed forces, Arms control, Biological warfare, Business, Chemical warfare, Civil service retirement, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Corporate accountability, Criminal justice, Energy, Energy industries, Federal employees, Finance, Foreign corporations, Foreign investments, Foreign policy, Government employees, Government information, Government paperwork, Government publicity, Information disclosure (Securities law), International affairs, International finance, Investments, Iran, Law, Liability (Law), Middle East and North Africa, Mutual funds, Nuclear nonproliferation, Nuclear weapons, Pension funds, Pensions, Sanctions (International law), State-sponsored terrorism, Weapons of mass destruction, Weapons systems
Latest Action: 07/30/2007 - Sponsor introductory remarks on measure. (CR 7/31/2007 H8859) Bill TextTo require divestiture of current investments in Iran, to prohibit future investments in Iran, and to require disclosure to investors of information relating to such investments. 3/6/2007--Introduced. Directs the President to publish in the Federal Register a list of all U.S. and foreign entities that have invested more than $20 million in Iran's energy sector (including an itemization of individual investments of such entities) between August 5, 1996, and the date of such publication. Requires managers of federal and private pension plans or thrift savings plans and managers of mutual funds sold or distributed in the United States to: (1) notify investors that their funds are invested in entities included on the list; and (2) take immediate steps, upon notification or publication of such list, to divest all investments of such plans or funds in such entities. Prohibits, upon such publication, future investment in any entity included on the list by managers [...] show full description
Also tagged in: Accounting, Administrative procedure, Auditing, Business, Competition, Conflict of interests, Congress, Congressional reporting requirements, Corporate finance, Corporation reports, Economic concentration, Europe, Executive departments, Finance, Financial statements, Governmental investigations, Independent regulatory commissions, Information disclosure (Securities law), Law, Legislation, Securities and Exchange Commission, Securities regulation, Small business, Standards, United Kingdom
Latest Action: 03/13/2007 - Referred to the House Committee on Financial Services. Bill TextTo reform certain provisions of section 404 of the Sarbanes-Oxley Act of 2002 to make compliance with that section more efficient, with the goal of maintaining United States capital market global competitiveness. 3/13/2007--Introduced. Compete Act of 2007 - Amends the Sarbanes-Oxley Act of 2002 to revise requirements for the internal control assessment component of a securities issuer's annual report. Requires the attestation and report by a registered public accounting firm on an issuer's management assessment of its internal control structure and procedures to focus upon the process and system used by management to identify and manage risks, identify and implement key controls, and come to a conclusion on the effectiveness of the internal controls over financial reporting. Prohibits an auditor's attestation and report from including a separate (pass/fail) opinion on the effectiveness of such internal controls. Requires such attestation and report to [...] show full description
Also tagged in: Administrative procedure, Affordable housing, Apartment houses, Business, Congress, Congressional oversight, Congressional reporting requirements, Corporation taxes, Department of Housing and Urban Development, Electronic data interchange, Electronic government information, Executive departments, Finance, Government information, Government paperwork, Housing, Housing subsidies, Income tax, Law, Low-income housing, Real estate business, Rental housing, Tax credits, Taxation, Technology, Telecommunication, Welfare
Latest Action: 06/15/2007 - Signed by President. Bill TextTo suspend the requirements of the Department of Housing and Urban Development regarding electronic filing of previous participation certificates and regarding filing of such certificates with respect to certain low-income housing investors. 6/15/2007--Public Law. (There are 5 other summaries) (This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)Preservation Approval Process Improvement Act of 2007 - Directs the Secretary of Housing and Urban Development to suspend mandatory processing of Previous Participation Certificates under the Automated Partners Performance System and permit paper filings of such certificates until the Secretary: (1) revises the December 2006 draft of specified proposed regulations to eliminate unnecessary burdens and disincentives for program participants; and (2) submits such revised draft proposed regulations to certain congressional [...] show full description
Also tagged in: Actions and defenses, Administrative procedure, Business, Child labor, Children, Civil liberties, Civil rights, Collective bargaining, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Criminal justice, Damages, Directories, Employee rights, Executive departments, Expedited congressional procedure, Export controls, Federal Trade Commission, Forced labor, Foreign policy, Freedom of association, Government contractors, Government information, Government paperwork, Government procurement, Government publicity, Governmental investigations, Hours of labor, House rules and procedure, Human rights, Import restrictions, Independent regulatory commissions, Injunctions, International affairs, Labor, Labor unions, Law, Legal fees, Legislative resolutions, Medical care, Medicine, Minimum wages, Occupational health and safety, Parties to actions, President and foreign policy, Presidents, Prison labor, Public contracts, Restrictive trade practices, Retail trade, Senate rules and procedure, Slavery, Trade
Latest Action: 04/25/2007 - Referred to the Subcommittee on Trade. Bill TextTo amend the Tariff Act of 1930 to prohibit the import, export, and sale of goods made with sweatshop labor, and for other purposes. 4/18/2007--Introduced. Decent Working Conditions and Fair Competition Act - Amends the Tariff Act of 1930 to revise the prohibition on importing convict-made goods into the United States to make it unlawful to: (1) import into, or export from, the United States any sweatshop good; or (2) introduce into commerce, sell, trade, or advertise in commerce, offer to sell, or transport or distribute in U.S. commerce, any sweatshop good. Grants the President, for reasons of national interest, authority to recommend waiver of the applications set forth in this Act in connection with the goods of any country with respect to one or more of the principles and rights defined in this Act as a core labor standard. Sets forth procedures for consideration of such a waiver. Makes it unlawful for persons to introduce into commerce, sell, trade,[...] show full description
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Latest Legislation - View All
Also tagged in: Brokers, Collection of accounts, Confidential communications, Congress, Congressional reporting requirements, Congressional witnesses, Criminal justice, Debtor and creditor, Federal preemption, Finance, Fines (Penalties), Fingerprints, Futures trading, Government securities, Information disclosure (Securities law), Investment advisers, Law, Margins (Security trading), Options (Contract), Securities fraud, Securities industry, Securities regulation, State and local government, State laws, Stock exchanges, Subpoena
Latest Action: 09/12/2008 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo amend the Federal securities laws to enhance the effectiveness of the Securities and Exchange Commission's enforcement, corporation finance, trading and markets, investment management, and examination programs, and for other purposes. 7/16/2008--Introduced. Securities Act of 2008 - Amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, and the Investment Company Act of 1940 to authorize the Securities and Exchange Commission (SEC) to assess and impose civil penalties in a cease and desist proceeding. Creates a three tiers of increasing civil penalties for acts or omissions of increasing gravity. Authorizes the SEC to censure, place limitations on the activities or functions of, or investigate any person who at the time of specified alleged misconduct was: (1) a member or employee of the the Municipal Securities Rulemaking Board; (2) a person associated or seeking to become associated with a government securities [...] show full description
Also tagged in: Administrative procedure, Bonds, Communications, Executive departments, Finance, Government information, Government securities, Independent regulatory commissions, Information disclosure (Securities law), Investment guaranty insurance, Law, Money market funds, Performance measurement, Risk, Securities, Securities and Exchange Commission, Securities regulation, Signs and symbols
Latest Action: 09/09/2008 - Reported (Amended) by the Committee on Financial Services. H. Rept. 110-835. Bill TextTo ensure uniform and accurate credit rating of municipal bonds and provide for a review of the municipal bond insurance industry. 6/19/2008--Introduced. Municipal Bond Fairness Act - Amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC) to require each registered nationally recognized statistical rating organization (NSRO) (credit rating agency) to: (1) establish and maintain credit ratings with respect to securities and money market instruments designed to assess the risk that investors in such instruments may not receive payment in accordance with their terms of issuance; and (2) define clearly any rating symbol and apply it consistently. Prohibits the SEC from imposing any requirement that prevents an NSRO from establishing ratings that are complementary to such mandatory ratings and that are created to measure a discrete aspect of risk.Directs the SEC to establish performance measures to determine when to review [...] show full description
Also tagged in: Administrative procedure, Business, Commodity exchanges, Commodity Futures Trading Commission, Energy, Executive departments, Executive reorganization, Finance, Foundations, Futures trading, Government information, Government paperwork, Independent regulatory commissions, Inspectors general, Investments, Law, Pension funds, Pensions, Petroleum, Politics and government, Prices, Restrictive trade practices, Social services, Swaps (Finance)
Latest Action: 06/12/2008 - Sponsor introductory remarks on measure. (CR S5629-5630) Bill TextA bill to amend the Commodity Exchange Act to ensure the application of speculation limits to speculators in energy markets, and for other purposes. 6/12/2008--Introduced. Oil Speculation Control Act of 2008 - Amends the Commodity Exchange Act to define "institutional investor" as a long-term investor in financial markets (including pension funds, endowments, and foundations) that invests in energy commodities as an asset class in a portfolio of financial investments and does not take or make physical delivery of energy commodities on a frequent basis.Establishes in the Commodity Futures Trading Commission (CFTC) an Office of the Inspector General.Directs the CFTC to carry out a review of the trading practices of index traders, swap dealers, and institutional investors in markets under the CFTC's jurisdiction to: (1) ensure that index trading is not adversely impacting the price discovery process; (2) determine whether different practices or regulations [...] show full description
Also tagged in: Finance, Foreclosure, Housing, Law, Liability (Law), Loan defaults, Losses, Mortgage banks, Mortgage interest rates, Mortgages, Secondary mortgage market
Latest Action: 04/23/2008 - Sponsor introductory remarks on measure. (CR S3306-3307) Bill TextA bill to encourage residential mortgage loan modifications and workout plans, and for other purposes. 4/23/2008--Introduced. Encouraging Mortgage Modifications Act of 2008 - Amends the Real Estate Settlement Procedures Act of 1974 to set forth duties of mortgage servicers regarding certain loan modifications or workout plans that affect pooled qualified residential mortgages. Specifies among such duties the duty to: (1) determine if the net present value of the payments on the modified loan is likely to be greater than the anticipated net recovery that would result from foreclosure to all investors and parties having a direct or indirect interest in the pooled loans or securitization vehicle; and (2) act in the best interests of all such investors and parties, if the servicer agrees to or implements a qualified loan modification or workout plan for a qualified residential mortgage, or takes other reasonable loss mitigation actions, including accepting partial payments [...] show full description
Also tagged in: Finance, Foreclosure, Housing, Law, Liability (Law), Loan defaults, Losses, Mortgage banks, Mortgage interest rates, Mortgages, Secondary mortgage market
Latest Action: 04/02/2008 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to help families avoid foreclosure and stay in their homes by encouraging reasonable and responsible modifications for unworkable and impractical mortgage loans, and to help preserve the rights of investors by reaffirming the basic obligations of their investment agents to achieve the most beneficial outcomes for their clients and for other purposes. 4/2/2008--Introduced. Mortgage Enhancement and Modification Act of 2008 - Establishes a standard for loan modifications or workout plans for pools of certain residential mortgage loans. States that a servicer of such pooled loans owes a duty to the securitization vehicle to maximize, or not negatively affect, the recovery of total proceeds from such loans for the benefit of all investors and holders of beneficial interests in the pooled loans, in the aggregate, and not to any individual party or group of parties. Deems the loan servicer to be acting on behalf of the securitization vehicle in the best [...] show full description
Also tagged in: Aged, Annuities, Budgets, Business, Consumer education, Consumers, Crimes against the elderly, Criminal investigation, Criminal justice, Deceptive advertising, Federal aid to law enforcement, Fees, Finance, Financial services, Fraud, Grants-in-aid, Insurance, Insurance agents, Investment advisers, Investments, Marketing, Pensions, Prosecution, Restrictive trade practices, Securities, Securities regulation, Standards, State and local government, State laws
Latest Action: 04/01/2008 - Sponsor introductory remarks on measure. (CR S2297) Bill TextA bill to protect older Americans from misleading and fraudulent marketing practices, with the goal of increasing retirement security. 4/1/2008--Introduced. Senior Investor Protection Act of 2008 - Directs the Attorney General to establish a program of grants to states to: (1) investigate and prosecute misleading and fraudulent marketing practices; or (2) develop educational materials and training aimed at reducing misleading and fraudulent marketing of financial products toward seniors.
Also tagged in: Administrative fees, Administrative remedies, Aliens, Budgets, Entrepreneurs, Finance, Foreign investments, Immigration, International finance, Law, Trade, Visas
Latest Action: 03/12/2008 - Sponsor introductory remarks on measure. (CR S2006-2007) Bill TextA bill to facilitate foreign investment by permanently reauthorizing the EB-5 regional center program, and for other purposes. 3/12/2008--Introduced. State Foreign Investment Improvement Act - Amends the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1993 to: (1) make the alien investor (EB-5) regional center program permanent; and (2) establish a $2,500 regional center designation fee. Amends the Immigration and Nationality Act to: (1) establish a $2,000 EB-5 premium processing fee; (2) permit concurrent filing for EB-5 petitions and status adjustment applications; and (3) establish in the Treasury the Immigrant Entrepreneur Regional Account Center.
Also tagged in: Finance, Foreclosure, Housing, Housing finance, Law, Liability (Law), Loan defaults, Losses, Mortgage banks, Mortgage interest rates, Mortgages, Secondary mortgage market, Securities
Latest Action: 05/01/2008 - Reported (Amended) by the Committee on Financial Services. H. Rept. 110-615. Bill TextTo remove an impediment to troubled debt restructuring on the part of holders of residential mortgage loans, and for other purposes. 5/1/2008--Reported to House amended. (There is 1 other summary) Emergency Mortgage Loan Modification Act of 2008 - Establishes a standard for loan modifications or workout plans for pools of certain residential mortgage loans. States that the servicer of such pooled loans owes a duty to the securitization vehicle to maximize recovery of proceeds for the benefit of all investors and holders of beneficial interests in the pooled loans, in the aggregate, and not to any individual party or group of parties. Deems the loan servicer to be acting on behalf of the securitization vehicle in the best interest of all such investors and holders if the servicer makes certain loss mitigation efforts for a loan in or facing payment default in the reasonable belief that the particular modification, workout plan, or other [...] show full description
Latest Action: 08/01/2008 - Read twice and referred to the Committee on the Judiciary. Bill TextTo extend for 5 years the EB-5 regional center pilot program, and for other purposes. 6/9/2008--Passed House amended. (There are 2 other summaries) Amends the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1993 to extend the alien investor (EB-5) regional center program for five years. Expresses the sense of Congress that, to the extent practicable, qualifying program investments should be made in targeted employment areas including rural areas and high unemployment areas.
Also tagged in: Administrative fees, Administrative remedies, Aliens, Budgets, Entrepreneurs, Finance, Foreign investments, Immigration, International finance, Law, Trade, Visas
Latest Action: 01/14/2008 - Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. Bill TextTo modify the EB-5 regional center program. 12/19/2007--Introduced. Invest in USA Act of 2007 - Amends the Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1993 to: (1) make the alien investor (EB-5) regional center program permanent; and (2) establish a $2,500 regional center designation fee. Amends the Immigration and Nationality Act to: (1) establish a $2,000 EB-5 premium processing fee; (2) permit concurrent filing for EB-5 petitions and status adjustment applications; and (3) establish in the Treasury the Immigrant Entrepreneur Regional Account Center.
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