Corporate governance Legislation - Federal Government

A bill to amend the Congressional Charter of The American National Red Cross to modernize its governance structure, to enhance the ability of the board of governors of The American National Red Cross to support the critical mission of The American Red Cross in the 21st century, and for other purposes. 3/15/2007--Passed Senate amended.    (There is 1 other summary) American National Red Cross Governance Modernization Act of 2007 - (Sec. 2) Expresses the sense of Congress that: (1) charitable organizations are an indispensable part of American society; (2) such organizations must maintain the trust of the American public by fostering effective governance and transparency; (3) the American National Red Cross (ANRC) is and will remain a federally chartered instrumentality of the United States; and (4) the ANRC should maintain appropriate communications with state regulators of charitable organizations and cooperate with such regulators.(Sec. 3) Amends [...]

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To reform the regulation of certain housing-related Government-sponsored enterprises, and for other purposes. 5/22/2007--Passed House amended.    (There are 2 other summaries) Federal Housing Finance Reform Act of 2007 - Title I: Reform of Regulation of Enterprises and Federal Home Loan Banks - Subtitle A: Improvement of Safety and Soundness - (Sec. 101) Amends the Housing and Community Development Act of 1992 (Act) to establish, in place of the present Office of Federal Housing Enterprise Oversight, a Federal Housing Finance Agency (FHFA), headed by a Director (Director) possessing general supervisory and regulatory authority over the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the federal home loan banks ("the regulated entities"). (Sec. 102) Requires the Director to establish standards for each regulated entity, especially standards relating to: (1) [...]

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To amend the Congressional Charter of The American National Red Cross to modernize its governance structure, to enhance the ability of the board of governors of The American National Red Cross to support the critical mission of The American National Red Cross in the 21st century, and for other purposes. 5/11/2007--Public Law.    (There are 2 other summaries) (This measure has not been amended since it was passed by the Senate on April 23, 2007. The summary of that version is repeated here.)American National Red Cross Governance Modernization Act of 2007 - (Sec. 2) Expresses the sense of Congress that: (1) charitable organizations are an indispensable part of American society; (2) such organizations must maintain the trust of the American public by fostering effective governance and transparency; (3) the American National Red Cross (ANRC) is and will remain a federally chartered instrumentality of the United States; and (4) the ANRC should [...]

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To establish a pilot program to eliminate certain restrictions on eligible certified development companies. 1/18/2007--Introduced. Small Business Freedom to Lend Act of 2007 - Directs the Administrator of the Small Business Administration (SBA) to establish a three-year pilot program to permit an eligible certified development company (CDC) to make loans (for small business development) in any state that is contiguous to its the state of incorporation. Makes eligible CDCs that are designated as either an accredited or premier certified lender under the Small Business Investment Act of 1958. Removes the requirement that such a CDC maintain, in each state in which it makes or intends to make loans, separate and distinct memberships, officers, boards of directors, and loan committees. Amends the Small Business Investment Act of 1958 to allow an officer, director, or manager of one qualified state or local development company to serve as an officer, director, or manager [...]

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To amend the Internal Revenue Code of 1986 to restructure and replace the income tax system of the United States to meet national priorities, and for other purposes. 11/13/2007--Introduced. Simplified USA Tax Act of 2007 - Repeals, after 2006, income tax and estate and gift tax provisions of the Internal Revenue Code of 1986. Replaces such Code with a new tax system, to be known as the Simplified USA Tax. Establishes three income tax brackets at 15, 25, and 30% for individual taxpayers. Redefines "gross income" and allows certain exclusions from gross income, including previously-taxed benefits, tax-exempt bond interest, compensation for injuries and sickness, and gain from the sale of a principal residence. Allows tax deductions for alimony and child support, home mortgage interest, certain higher education expenses, and charitable contributions. Allows a tax credit for employee social security payroll taxes.Revises rules for Roth individual retirement [...]

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To amend the Internal Revenue Code of 1986 to restructure and replace the income tax system of the United States to meet national priorities, and for other purposes. 11/13/2007--Introduced. Simplified USA Tax Act of 2007 - Repeals, after 2006, income tax and estate and gift tax provisions of the Internal Revenue Code of 1986. Replaces such Code with a new tax system, to be known as the Simplified USA Tax. Establishes three income tax brackets at 15, 25, and 30% for individual taxpayers. Redefines "gross income" and allows certain exclusions from gross income, including previously-taxed benefits, tax-exempt bond interest, compensation for injuries and sickness, and gain from the sale of a principal residence. Allows tax deductions for alimony and child support, home mortgage interest, certain higher education expenses, and charitable contributions. Allows a tax credit for employee social security payroll taxes.Revises rules for Roth individual retirement [...]

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To amend the Congressional Charter of The American National Red Cross to modernize its governance structure, to enhance the ability of the board of governors of The American National Red Cross to support the critical mission of The American National Red Cross in the 21st century, and for other purposes. 5/11/2007--Public Law.    (There are 2 other summaries) (This measure has not been amended since it was passed by the Senate on April 23, 2007. The summary of that version is repeated here.)American National Red Cross Governance Modernization Act of 2007 - (Sec. 2) Expresses the sense of Congress that: (1) charitable organizations are an indispensable part of American society; (2) such organizations must maintain the trust of the American public by fostering effective governance and transparency; (3) the American National Red Cross (ANRC) is and will remain a federally chartered instrumentality of the United States; and (4) the ANRC should [...]

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To reform the regulation of certain housing-related Government-sponsored enterprises, and for other purposes. 5/22/2007--Passed House amended.    (There are 2 other summaries) Federal Housing Finance Reform Act of 2007 - Title I: Reform of Regulation of Enterprises and Federal Home Loan Banks - Subtitle A: Improvement of Safety and Soundness - (Sec. 101) Amends the Housing and Community Development Act of 1992 (Act) to establish, in place of the present Office of Federal Housing Enterprise Oversight, a Federal Housing Finance Agency (FHFA), headed by a Director (Director) possessing general supervisory and regulatory authority over the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the federal home loan banks ("the regulated entities"). (Sec. 102) Requires the Director to establish standards for each regulated entity, especially standards relating to: (1) [...]

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A bill to amend the Congressional Charter of The American National Red Cross to modernize its governance structure, to enhance the ability of the board of governors of The American National Red Cross to support the critical mission of The American Red Cross in the 21st century, and for other purposes. 3/15/2007--Passed Senate amended.    (There is 1 other summary) American National Red Cross Governance Modernization Act of 2007 - (Sec. 2) Expresses the sense of Congress that: (1) charitable organizations are an indispensable part of American society; (2) such organizations must maintain the trust of the American public by fostering effective governance and transparency; (3) the American National Red Cross (ANRC) is and will remain a federally chartered instrumentality of the United States; and (4) the ANRC should maintain appropriate communications with state regulators of charitable organizations and cooperate with such regulators.(Sec. 3) Amends [...]

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To establish a pilot program to eliminate certain restrictions on eligible certified development companies. 1/18/2007--Introduced. Small Business Freedom to Lend Act of 2007 - Directs the Administrator of the Small Business Administration (SBA) to establish a three-year pilot program to permit an eligible certified development company (CDC) to make loans (for small business development) in any state that is contiguous to its the state of incorporation. Makes eligible CDCs that are designated as either an accredited or premier certified lender under the Small Business Investment Act of 1958. Removes the requirement that such a CDC maintain, in each state in which it makes or intends to make loans, separate and distinct memberships, officers, boards of directors, and loan committees. Amends the Small Business Investment Act of 1958 to allow an officer, director, or manager of one qualified state or local development company to serve as an officer, director, or manager [...]

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