Top Legislation - View All

Latest Action: 06/12/2008 - Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 779.

Bill Text
To reauthorize Amtrak, and for other purposes. 6/11/2008--Passed House amended.    (There are 2 other summaries) Passenger Rail Investment and Improvement Act of 2008 - Title I: Authorizations - (Sec. 101) Authorizes appropriations for FY2009-FY2013 for: (1) Amtrak capital and operating grants, including capital grants to states, to the Amtrak Office of the Inspector General, and for accessibility improvements and barrier removal for individuals with disabilities; (2) Amtrak repayment of long-term debt and capital leases; and (3) the rail cooperative research program. Authorizes appropriations for FY2009 for grants to Amtrak and states participating in the Next Generation Corridor Train Equipment Pool Committee. Authorizes the Secretary of Transportation to withhold up to one-half of 1% of certain funds for the costs of project management oversight of capital projects carried out by Amtrak.(Sec. 102) Authorizes appropriations for costs [...]

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Latest Action: 07/22/2008 - On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6756-6770)

Bill Text
A bill to reauthorize Amtrak, and for other purposes. 10/30/2007--Passed Senate amended.    (There are 2 other summaries) Passenger Rail Investment and Improvement Act of 2007 - Title I: Authorizations - (Sec. 101) Authorizes appropriations for FY2007-FY2012 for: (1) Amtrak capital and operating grants, including capital grants to states; (2) the Federal Railroad Administration (FRA); (3) Amtrak repayment of long-term debt and capital leases; (4) payment into the Railroad Retirement Account that portion of Amtrak's Railroad Retirement Tier II Tax which exceeds the Tier II annuities paid to Amtrak retirees; and (5) the rail cooperative research program. Authorizes appropriations for FY2008 for: (1) grants to Amtrak and states participating in the Next Generation Corridor Train Equipment Pool Committee; and (2) Amtrak to evaluate improvements necessary to make all existing intercity rail stations readily accessible to and usable by individuals with [...]

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Latest Action: 05/24/2007 - Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, 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 Text
Encouraging the Federal Government and State and municipal governments, universities, companies, and other institutions in the United States, and all Americans to divest from companies that do business with Sudan.

5/24/2007--Introduced.

Calls upon the government of Sudan to end the violence against the people of Darfur and enter into peace talks with those factions in Darfur that are non-signatories of the Darfur Peace Agreement.

Encourages federal, state, municipal, university, corporate, and private citizen divestiture from companies that do business with Sudan.

Latest Action: 05/22/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
To amend the Federal Deposit Insurance Act to establish industrial bank holding company regulation, and for other purposes. 5/21/2007--Passed House amended.    (There are 2 other summaries) 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. States that an application filed to acquire control of an industrial bank shall be treated as an application for a deposit facility. Subjects an industrial bank to Federal Deposit Insurance Corporation (FDIC) requirements regarding registration, reporting, and bank examinations. Authorizes the FDIC to accept reports that an industrial bank holding company or its subsidiary has provided to another federal or state supervisor or to any appropriate self-regulatory organization. Prohibits [...]

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Latest Action: 02/28/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
To 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 [...]

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Latest Action: 03/09/2007 - Sponsor introductory remarks on measure. (CR S2973)

Bill Text
A 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.

Latest Action: 03/13/2007 - Sponsor introductory remarks on measure. (CR S3073-3074)

Bill Text
A bill to amend the Federal Power Act to clarify the jurisdiction of the Federal Energy Regulatory Commission, and for other purposes. 3/13/2007--Introduced. Access to Competitive Power Act of 2007 - Amends the Federal Power Act to authorize the Federal Energy Regulatory Commission (FERC) to order transmission service by the administrator or board of directors of the Bonneville, Southeastern, Western Area, and Southwestern Power Administrations, and the Tennessee Valley Authority (TVA). Grants FERC jurisdiction over the rates, terms, and conditions of TVA's provision of transmission service in interstate commerce. Requires the TVA Board of Directors to file with FERC an open access transmission tariff containing just, reasonable, and not unduly preferential or discriminatory rates, terms, and conditions. Prohibits certain territory-restricted electric utilities from recovering stranded costs associated with the provision of transmission services to a distributor.[...]

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Latest Action: 03/14/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
A 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 [...]

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Latest Action: 03/28/2007 - Read twice and referred to the Committee on Finance.

Bill Text
A bill to provide comprehensive reform of the health care system of the United States, and for other purposes. 3/28/2007--Introduced. Universal Health Care Choice and Access Act - Provides for health promotion and disease prevention activities, including requiring the Secretary of Health and Human Services to convene an interagency coordinating committee to develop a national strategic plan for prevention.Amends the Internal Revenue Code to: (1) allow participants in high deductible health care insurance plans an increased tax deduction for contributions to a health savings account; and (2) allow individual taxpayers a refundable tax credit for health insurance costs paid.Requires states to establish and operate a qualified high risk pool or a state-designated alternative that ensures access to private health insurance for medically uninsurable individuals.Health Care Choice Act of 2007 - Amends the Public Health Service Act to apply the laws of the primary [...]

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Latest Action: 02/16/2007 - Referred to the House Committee on Ways and Means.

Bill Text
To amend the Tariff Act of 1930 to allow United States manufacturers that use products subject to countervailing or antidumping duty proceedings or use domestic like products to participate in those proceedings as interested parties, and for other purposes.

2/16/2007--Introduced.

American Manufacturing Competitiveness Act - Amends the Tariff Act of 1930 to allow U.S. manufacturers that use products subject to countervailing or antidumping duty proceedings or use domestic like products (industrial users) to participate in such proceedings.

Requires the U.S. International Trade Commission, when deciding whether an antidumping or countervailing duty should be imposed or continued, to weigh harm to industrial users from such imposition or continuation, as well as (under current law) the potential benefits to the industry in the United States materially injured or threatened with material injury by a foreign countervailing subsidy.

Latest Legislation - View All

Latest Action: 06/12/2008 - Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 779.

Bill Text
To reauthorize Amtrak, and for other purposes. 6/11/2008--Passed House amended.    (There are 2 other summaries) Passenger Rail Investment and Improvement Act of 2008 - Title I: Authorizations - (Sec. 101) Authorizes appropriations for FY2009-FY2013 for: (1) Amtrak capital and operating grants, including capital grants to states, to the Amtrak Office of the Inspector General, and for accessibility improvements and barrier removal for individuals with disabilities; (2) Amtrak repayment of long-term debt and capital leases; and (3) the rail cooperative research program. Authorizes appropriations for FY2009 for grants to Amtrak and states participating in the Next Generation Corridor Train Equipment Pool Committee. Authorizes the Secretary of Transportation to withhold up to one-half of 1% of certain funds for the costs of project management oversight of capital projects carried out by Amtrak.(Sec. 102) Authorizes appropriations for costs [...]

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Latest Action: 12/10/2007 - Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Bill Text
To authorize the Securities and Exchange Commission to permit or require persons filing or furnishing information under the securities laws to make such information available on internet websites, in addition to or instead of including such information in filings with or submissions to the Commission, under such conditions as the Commission may specify by rule. 9/7/2007--Introduced. Transparency in Corporate Filings Act - Amends the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Company Act of 1940, with respect to mandatory public disclosures in either registration statements, prospectuses, reports, or broadcasts, to authorize the Securities and Exchange Commission (SEC) to provide that a disclosure form, periodic report, or document need not be filed if the SEC has otherwise prescribed another means for public disclosure of such information (including, by implication, on an Internet website). Amends the Investment Company Act of 1940 [...]

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Latest Action: 07/17/2007 - Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Bill Text
To extend the current moratorium for small businesses complying with section 404 of the Sarbanes-Oxley Act of 2002 by 1 year.

6/14/2007--Introduced.

Small Business SOX Compliance Extension Act - Directs the Securities and Exchange Commission to modify its regulations under the Sarbanes-Oxley Act of 2002 (SOX) for annual management assessments of, and reports on, internal financial controls.

Requires such regulations to provide that a non-accelerated filer does not have to provide management's report on internal control over financial reporting until it files an annual report for its first fiscal year ending on or after December 15, 2008 (thereby extending the current moratorium on such requirements for small businesses).

Latest Action: 05/24/2007 - Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, 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 Text
Encouraging the Federal Government and State and municipal governments, universities, companies, and other institutions in the United States, and all Americans to divest from companies that do business with Sudan.

5/24/2007--Introduced.

Calls upon the government of Sudan to end the violence against the people of Darfur and enter into peace talks with those factions in Darfur that are non-signatories of the Darfur Peace Agreement.

Encourages federal, state, municipal, university, corporate, and private citizen divestiture from companies that do business with Sudan.

Latest Action: 05/16/2007 - Referred to the House Committee on Ways and Means.

Bill Text
To amend the Internal Revenue Code of 1986 to curb tax abuses by disallowing tax benefits claimed to arise from transactions without substantial economic substance, and for other purposes. 5/16/2007--Introduced. Abusive Tax Shelter Shutdown and Taxpayer Accountability Act of 2007 - Amends the Internal Revenue Code to revise or add provisions relating to tax shelter activity, including provisions to: (1) define "economic substance" for purposes of evaluating tax shelter transactions; (2) increase penalties for large entities and high net-worth individuals for failure to disclose certain tax shelter transactions; (3) impose penalties for understatements of tax due to transactions lacking economic substance; (4) deny material tax advisors a claim of privilege as to the identity of a client; (5) revise standards for the penalty for understatement of tax liability by income tax return preparers and increase the penalties for such understatements; (6) revise and increase [...]

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Latest Action: 03/28/2007 - Read twice and referred to the Committee on Finance.

Bill Text
A bill to provide comprehensive reform of the health care system of the United States, and for other purposes. 3/28/2007--Introduced. Universal Health Care Choice and Access Act - Provides for health promotion and disease prevention activities, including requiring the Secretary of Health and Human Services to convene an interagency coordinating committee to develop a national strategic plan for prevention.Amends the Internal Revenue Code to: (1) allow participants in high deductible health care insurance plans an increased tax deduction for contributions to a health savings account; and (2) allow individual taxpayers a refundable tax credit for health insurance costs paid.Requires states to establish and operate a qualified high risk pool or a state-designated alternative that ensures access to private health insurance for medically uninsurable individuals.Health Care Choice Act of 2007 - Amends the Public Health Service Act to apply the laws of the primary [...]

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Latest Action: 03/14/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
A 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 [...]

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Latest Action: 03/13/2007 - Sponsor introductory remarks on measure. (CR S3073-3074)

Bill Text
A bill to amend the Federal Power Act to clarify the jurisdiction of the Federal Energy Regulatory Commission, and for other purposes. 3/13/2007--Introduced. Access to Competitive Power Act of 2007 - Amends the Federal Power Act to authorize the Federal Energy Regulatory Commission (FERC) to order transmission service by the administrator or board of directors of the Bonneville, Southeastern, Western Area, and Southwestern Power Administrations, and the Tennessee Valley Authority (TVA). Grants FERC jurisdiction over the rates, terms, and conditions of TVA's provision of transmission service in interstate commerce. Requires the TVA Board of Directors to file with FERC an open access transmission tariff containing just, reasonable, and not unduly preferential or discriminatory rates, terms, and conditions. Prohibits certain territory-restricted electric utilities from recovering stranded costs associated with the provision of transmission services to a distributor.[...]

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Latest Action: 03/13/2007 - Referred to the House Committee on Financial Services.

Bill Text
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. 3/13/2007--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 [...]

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