| Also tagged in: Advanced weapons, Affiliated corporations, Agriculture, Agriculture in foreign trade, American investments, Armed forces, Arms control, Arms control verification, Arms sales, Ballistic missiles, Biological warfare, Boundaries, Business, Chemical warfare, Civil liberties, Conferences Latest Action: 04/24/2008 - Read twice and referred to the Committee on Finance.
Bill Text A bill to strengthen sanctions against the Government of Syria, to enhance multilateral commitment to address the Government of Syria's threatening policies, to establish a program to support a transition to a democratically-elected government in Syria, and for other purposes.
| | Latest Action: 04/10/2008 - Sponsor introductory remarks on measure. (CR S2949-2950)
Bill TextA bill to amend the Federal Home Loan Bank Act to allow Federal home loan banks to invest surplus funds in student loan securities and make advances for student loan financing, and for other purposes. 4/10/2008--Introduced. Emergency Student Loan Market Liquidity Act - Amends the Federal Home Loan Bank Act to allow federal home loan banks to: (1) invest surplus funds in student loan securities; (2) accept student loans and student loan-related securities as collateral; and (3) provide secured long-term advances to member banks so that they can finance the origination of student loans or purchase or finance student loan-related securities. Limits the application of this Act to Federal Family Education Loans (FFELs) made under the Higher Education Act of 1965. Makes the banks' authority effective for investments and advances made between February 1, 2008, and two years after this Act's enactment. | | Latest Action: 04/08/2008 - Referred to the House Committee on Financial Services.
Bill TextTo amend the Federal Home Loan Bank Act to allow Federal home loan banks to invest surplus funds in student loan securities and make advances for student loan financing, and for other purposes. 4/8/2008--Introduced. Emergency Student Loan Market Liquidity Act - Amends the Federal Home Loan Bank Act to allow federal home loan banks to: (1) invest surplus funds in student loan securities; (2) accept student loans and student loan-related securities as collateral; and (3) provide secured long-term advances to member banks so that they can finance the origination of student loans or purchase or finance student loan-related securities. Limits the application of this Act to Federal Family Education Loans (FFELs) made under the Higher Education Act of 1965. Makes the banks' authority effective for investments and advances made between February 1, 2008, and two years after this Act's enactment. | | Also tagged in: Administrative procedure, Bank capital, Bank mergers, Business, Churches, Credit unions, Executive departments, Finance, Government information, Government paperwork, Investments, Law, National Credit Union Administration, Nonprofit organizations, Religion, Securities Latest Action: 03/03/2008 - Referred to the House Committee on Financial Services.
Bill TextTo advance credit union efforts to promote economic growth, modify credit union regulatory standards and reduce burdens, and for other purposes. 3/3/2008--Introduced. Credit Union Regulatory Relief Act of 2008 - Amends the Federal Credit Union Act to: (1) permit a credit union to invest in securities for its own account, subject to certain percentage limitations; and (2) increase the investment and lending limit in credit union service organizations from 1% to 3% of a credit union's total paid and unimpaired capital and surplus. Excludes credit union loans to nonprofit religious organizations from limitations placed upon member business loans. Redefines member business loan to increase specified extensions of credit.Authorizes the National Credit Union Administration Board (Board) to establish longer loan maturity dates.Directs the Board to prescribe criteria for continued membership of certain member groups in the case of certain credit union conversions [...] show full description | | Also tagged in: Business, Community development, Community development banking, Dislocated workers, Employee selection, Employment, Finance, Income tax, Infrastructure, Investments, Labor, Rural affairs, Tax credits, Taxation, Trade adjustment assistance, Urban affairs Latest Action: 10/16/2007 - Referred to the House Committee on Ways and Means.
Bill TextTo amend the Internal Revenue Code of 1986 to provide a special allocation under the new markets tax credit in connection with trade adjustment assistance. 10/16/2007--Introduced. New Employment for Workers & Job Opportunities for Business Strength Act of 2007 or the NEW JOBS Act of 2007 - Amends the Internal Revenue Code to increase by $500 million in 2008 the new markets tax credit limitation amount that is allocable among qualified community development entities for investments in or loans to businesses that hire trade adjustment assistance (TAA) recipients or that meet other TAA requirements. | | Also tagged in: Administrative procedure, Communications, Congress, Congressional investigations, Congressional reporting requirements, Consumer protection, Consumers, Deceptive advertising, Department of the Treasury, Executive departments, Federal Deposit Insurance Corporation, Federal Home Loan Bank Board, Federal reserve system, Federal Trade Commission, Finance, Independent regulatory commissions Latest Action: 12/06/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill TextTo include all banking agencies within the existing regulatory authority under the Federal Trade Commission Act with respect to depository institutions, and for other purposes. 12/5/2007--Passed House amended. (There is 1 other summary) Amends the Federal Trade Commission Act to transfer to each federal banking agency, with respect to depository institutions it supervises, the authority to prescribe regulations governing unfair or deceptive practices by banks and savings and loan institutions currently vested in the Board of Governors of the Federal Reserve System (with respect to banks) and the Federal Home Loan Bank Board (with respect to savings and loan institutions). Requires the federal banking agencies to prescribe such regulations: (1) jointly to the extent practicable; and (2) in consultation with the Federal Trade Commission (FTC). Authorizes the FTC, with respect to entities within its jurisdiction, to commence a rulemaking [...] show full description | | Also tagged in: Administrative fees, Auditing, Bank capital, Banks and banking, Budgets, Building construction, Business, Business records, Buy American, Capital investments, Collection of accounts, Collective bargaining, Construction costs, Construction industries, Construction workers, Education Latest Action: 08/04/2007 - Referred to the Subcommittee on Aviation.
Bill TextTo fund capital projects of State and local governments, and for other purposes. 8/3/2007--Introduced. Rebuilding America's Infrastructure - Establishes the Federal Bank for Infrastructure Modernization. Authorizes the Bank to make loans to any state, local government, Indian tribe, and regional or multistate organization for the development of certain transportation- and educational- and water and hazardous treatment-related capital infrastructure facility projects. Sets forth specified requirements with respect to: (1) loan and borrower eligibility; and (2) compliance with the Americans with Disabilities Act of 1990, the Buy American Act, and the Davis-Bacon Act (wages) as they relate to the development of such projects. | | Latest Action: 06/26/2007 - Sponsor introductory remarks on measure. (CR E1415)
Bill TextTo amend the Truth in Lending Act and the Federal Deposit Insurance Act to prohibit payday loans based on checks drawn on, or authorized withdrawals from, depository institutions and to prohibit insured depository institutions from making payday loans, and for other purposes. 6/26/2007--Introduced. Payday Loan Reform Act of 2007 - Amends the Truth in Lending Act to prohibit payday loans based on checks drawn on, or authorized withdrawals from, insured depository institutions. Amends the Federal Deposit Insurance Act to prohibit an insured depository institution from: (1) making or extending a payday loan, either directly or indirectly; or (2) making any loan to any other lender for purposes of financing, refinancing, or extending any payday loan. Declares payday loan instruments or transactions void from inception. | | Also tagged in: Administrative procedure, Air pollution, Air pollution control, Alternative energy sources, Architecture and the disabled, Asbestos, Bank capital, Budgets, Building construction, Building materials, Congress, Congressional oversight, Construction costs, Construction industries, Construction workers, Department of the Treasury Latest Action: 07/24/2007 - Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.
Bill TextTo establish State infrastructure banks for education. 6/5/2007--Introduced. Investing for Tomorrow's Schools Act of 2007 - Authorizes the Secretary of the Treasury to enter into cooperative agreements with states for the establishment of state infrastructure banks and multistate infrastructure banks for making loans to local educational agencies and public libraries for building or repairing public elementary or secondary schools and public library facilities. Grants congressional consent to states for interstate compacts to establish multistate infrastructure banks. Directs the Secretary to make grants to such banks to provide initial capital for such loans. Requires states to contribute from nonfederal sources at least 25% of the amount of each federal capitalization grant made to the state and contributed to the bank. Lists types of projects eligible for such bank loans. Directs the Secretary to establish Healthy, High Performance [...] show full description | | Also tagged in: Actions and defenses, American investments, Armed forces, Arms control, Arms sales, Ballistic missiles, Biological warfare, Chemical warfare, Civil service retirement, Colleges, Commercial blacklisting, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Criminal justice Latest Action: 07/26/2007 - Sponsor introductory remarks on measure. (CR S10141-10142)
Bill TextA bill to authorize State and local governments to direct divestiture from, and prevent investment in, companies with investments of $20,000,000 or more in Iran's energy sector, and for other purposes. 5/17/2007--Introduced. Iran Sanctions Enabling Act of 2007 - Directs the Secretary of the Treasury to: (1) publish biannually in the Federal Register a list of each person, whether within or outside of the United States, that has an investment of more than $20 million in the energy sector in Iran; and (2) maintain on the website of the Department of the Treasury the names of the persons on such list. States it is the policy of the United States to support the decision of state and local governments and educational institutions to divest from, and to prohibit the investment of assets they control in, persons included on the most recent list. Authorizes a state or local government to adopt and enforce measures to divest its assets from, or prohibit investment of [...] show full description | | Also tagged in: Administrative procedure, Agriculture, Bank holding companies, Bank management, Bank records, Banks and banking, Bonds, Business, Civil liberties, Community development banking, Congress, Congressional investigations, Congressional reporting requirements, Consumer credit, Consumer education, Consumers Latest Action: 05/16/2007 - Read twice and referred to the Committee on Finance.
Bill TextA bill to enhance the ability of community banks to foster economic growth and serve their communities, boost small businesses, increase individual savings, and for other purposes. 5/16/2007--Introduced. Community Banks Serving Their Communities First Act, or the Communities First Act - Revises regulatory requirements for community banks, including amendments to: (1) the Federal Deposit Insurance Act to permit certain insured depository institutions to submit a short form report of condition; (2) the Sarbanes-Oxley Act of 2002 to exempt certain small-sized depository institutions from annual management assessment of internal controls requirements; (3) the Securities Investor Protection Act of 1970 to exempt certain small-size community banks from its prohibition against advances for customers' net equity claims; (4) the Federal Reserve Act to increase the asset size of banks exempt from the limitation on extensions of credit to executive officers, directors, and principal [...] show full description | | Also tagged in: Actions and defenses, American investments, Armed forces, Arms control, Arms sales, Ballistic missiles, Biological warfare, Chemical warfare, Civil service retirement, Colleges, Commercial blacklisting, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Criminal justice Latest Action: 08/03/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill TextA bill to authorize State and local governments to direct divestiture from, and prevent investment in, companies with investments of $20,000,000 or more in Iran's energy sector, companies that sell arms to the Government of Iran, and financial institutions that extend $20,000,000 or more in credit to the Government of Iran for 45 days or more, and for other purposes. 7/31/2007--Passed House amended. (There are 2 other summaries) Iran Sanctions Enabling Act of 2007 - (Sec. 3) Directs the President to ensure biannual publication in the Federal Register of a list of each person that: (1) has an investment of more than $20 million in the energy sector in Iran; (2) sells arms to the government of Iran; or (3) is a financial institution that extends $20 million or more in credit for 45 days or more to the government of Iran.Instructs the President to use only publicly available (including proprietary) information when compiling such list.Requires [...] show full description | | Also tagged in: Advanced weapons, Affiliated corporations, Agriculture, Agriculture in foreign trade, American investments, Armed forces, Arms control, Arms control verification, Arms sales, Ballistic missiles, Biological warfare, Boundaries, Business, Chemical warfare, Civil liberties, Conferences Latest Action: 05/18/2007 - Referred to the Subcommittee on Trade.
Bill TextTo strengthen sanctions against the Government of Syria, to enhance multilateral commitment to address the Government of Syria's threatening policies, to establish a program to support a transition to a democratically-elected government in Syria, and for other purposes. 5/15/2007--Introduced. Syria Accountability and Liberation Act - States that U.S. sanctions, controls, and regulations relating to Syria shall remain in effect until the President certifies that Syria has ceased support for terrorism, has dismantled biological, chemical, or nuclear weapons programs and has committed to combat their proliferation, respects the boundaries and sovereignty of all neighboring countries, and upholds human rights and civil liberties. Imposes specified trade, assistance, and military sanctions, as appropriate, on persons or countries that transfer goods or technology so as to contribute to Syria's biological, chemical, nuclear, or advanced conventional weapons programs. [...] show full description | | Also tagged in: Armed forces, Armed forces reserves, Budgets, Defense policy, Education, Federal aid to education, Federal-state relations, Finance, Higher education, Nonprofit organizations, Officer personnel, Pension funds, Pensions, Scholarships, Social services, State and local government Latest Action: 06/20/2007 - Referred to the Subcommittee on Military Personnel.
Bill TextTo amend title 10, United States Code, to expand the education loan repayment program for members of the Selected Reserve. 5/7/2007--Introduced. Includes within educational loans eligible for repayment by the Department of Defense (DOD) under the Selected Reserve education loan repayment program any educational loan made by a lender that is: (1) an agency or instrumentality of a state; (2) a financial or credit institution subject to examination and supervision by the United States or a state; (3) a pension fund approved by the Secretary of Defense; or (2) a nonprofit private entity designated and regulated by a state, and approved by the Secretary. Makes officers (under current law, only enlisted personnel) eligible for such repayments. | | Also tagged in: Bank examination, Capital investments, Community development banking, Congregate housing, Finance, Home ownership, Housing, Housing finance, Interest rates, Mortgages, Soldiers' homes, Veterans, Veterans' benefits Latest Action: 04/19/2007 - Referred to the House Committee on Financial Services.
Bill TextTo amend the Community Reinvestment Act of 1977 to allow community reinvestment credit for investments and other financial support to enable veterans to purchase residential homes or to assist organizations with the establishment of housing opportunities and assisted living facilities for veterans. 4/19/2007--Introduced. A Home for the Brave Act - Amends the Community Reinvestment Act of 1977 to require the appropriate federal financial supervisory agency, when assessing the record of a financial institution, to take into account capital investments, low interest loans, loan participation, technical assistance, and grants by the institution to support or enable: (1) any veteran to purchase a home for use as the principal residence of the veteran; and (2) any entity that is establishing housing opportunities or assisted living facilities for veterans to carry out such activities. | | Also tagged in: Administrative procedure, Agriculture, Bank holding companies, Bank management, Bank records, Banks and banking, Bonds, Business, Civil liberties, Community development banking, Congress, Congressional investigations, Congressional reporting requirements, Consumer credit, Consumer education, Consumers Latest Action: 04/17/2007 - Referred to House Ways and Means
Bill TextTo enhance the ability of community banks to foster economic growth and serve their communities, boost small businesses, increase individual savings, and for other purposes. 4/17/2007--Introduced. Community Banks Serving Their Communities First Act, or the Communities First Act - Revises regulatory requirements for community banks, including amendments to: (1) the Federal Deposit Insurance Act to permit certain insured depository institutions to submit a short form report of condition; (2) the Sarbanes-Oxley Act of 2002 to exempt certain small-sized depository institutions from annual management assessment of internal controls requirements; (3) the Securities Investor Protection Act of 1970 to exempt certain small-size community banks from its prohibition against advances for customers' net equity claims; (4) the Federal Reserve Act to increase the asset size of banks exempt from the limitation on extensions of credit to executive officers, directors, and principal shareholders;[...] show full description | | Also tagged in: Bangladesh, Business, Commemorations, Congress, Congressional gold medals, Economic development, Economic policy, Economists, Entrepreneurs, Finance, Poverty, Small business, South Asia, Welfare Latest Action: 04/13/2007 - Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
Bill TextTo award a Congressional Gold Medal to Dr. Muhammad Yunus, in recognition of his contributions to the fight against global poverty. 3/29/2007--Introduced. Directs the Speaker of the House of Representatives and the President pro tempore of the Senate to arrange for the presentation on behalf of Congress of a gold medal of appropriate design to Dr. Muhammad Yunus in recognition of his many enduring contributions to the fight against global poverty. | | Latest Action: 03/29/2007 - Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, 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 commit
Bill TextTo amend the Federal Credit Union Act and the Small Business Act to improve small business lending, improve cooperation between the National Credit Union Administration and the Small Business Administration, and for other purposes. 3/29/2007--Introduced. Credit Union Small Business Lending Act - Amends the Federal Credit Union Act to exclude from the meaning of "member business loan," and thereby from specified limitations on member business loans made by a credit union, certain small business loans made in cooperation with the Small Business Administration (SBA), without regard to whether any portion of such a loan is or is not SBA-guaranteed. Amends the Small Business Act to direct the SBA Administrator to implement a program to: (1) provide outreach and assistance to credit unions to increase their participation in the SBA small business loan program; (2) simplify the application process for such participation; and (3) provide a guaranty of up to 85% for [...] show full description | | Also tagged in: Bangladesh, Business, Commemorations, Congress, Congressional gold medals, Economic development, Economic policy, Economists, Entrepreneurs, Finance, Poverty, Small business, South Asia, Welfare Latest Action: 03/15/2007 - Sponsor introductory remarks on measure. (CR S3209-3210)
Bill TextA bill to award a Congressional Gold Medal to Dr. Muhammad Yunus, in recognition of his contributions to the fight against global poverty. 3/15/2007--Introduced. Directs the Speaker of the House of Representatives and the President pro tempore of the Senate to arrange for the presentation on behalf of Congress of a gold medal of appropriate design to Dr. Muhammad Yunus in recognition of his many enduring contributions to the fight against global poverty. | | Also tagged in: Administrative procedure, Bank capital, Bank management, Bank mergers, Business, Credit unions, Department of the Treasury, Deposit insurance, Disasters, Emergency management, Executive departments, Executive reorganization, Federal Deposit Insurance Corporation, Federal reserve system, Finance, Investments Latest Action: 03/15/2007 - Referred to the House Committee on Financial Services.
Bill TextTo modernize credit union net worth standards, advance credit union efforts to promote economic growth, and modify credit union regulatory standards and reduce burdens, and for other purposes. 3/15/2007--Introduced. Credit Union Regulatory Improvements Act of 2007 - Amends the Federal Credit Union Act to reduce the minimum net worth ratio requirements of credit unions. Revises the minimum risk-based net ratio for such capitalizations. Transfers from the federal banking agencies to the Federal Deposit Insurance Corporation (FDIC) the authority to adjust the net worth levels of credit unions. Instructs the National Credit Union Administration Board (Board) to design the risk-based net worth requirement to take account of material risks to insured credit unions that are taken account of by comparable standards applicable to FDIC-insured institutions. Establishes a temporary waiver of the net worth restoration plan requirement for an undercapitalized [...] show full description | | Also tagged in: Actions and defenses, Administrative fees, Administrative procedure, Advice and consent of the Senate, Affordable housing, Aged, Apartment houses, Auditing, Bank capital, Bank examination, Bank mergers, Bank reserves, Bankruptcy, Budgets, Business, Charitable contributions Latest Action: 05/24/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill TextTo 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) [...] show full description | | Also tagged in: Budgets, Coinsurance, Congressional reporting requirements, Executive departments, Executive reorganization, Federally-guaranteed loans, Finance, Fines (Penalties), Health insurance, Health insurance continuation, Health policy, Insurance premiums, Law, Medical care, Medical economics, Patients' rights Latest Action: 06/05/2007 - Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Bill TextTo amend title I of the Employee Retirement Income Security Act of 1974 to provide emergency protection for retiree health benefits. 3/5/2007--Introduced. Emergency Retiree Health Benefits Protection Act of 2007 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to add a program for emergency retiree health benefit protections. Prohibits group health plans from reducing retiree health benefits after the retirement of a plan beneficiary. Requires such plans to adopt provisions barring post-retirement reductions in retiree health benefits.Requires group health plan sponsors to grant retired plan participants the option of benefit restoration. Authorizes the Secretary of Labor to waive or vary requirements for benefit restoration if compliance with such requirements would: (1) be adverse to the interests of plan participants in the aggregate; (2) not be administratively feasible; and (3) cause substantial business hardship to plan sponsors.Establishes [...] show full description | | Also tagged in: Administrative procedure, Affiliated corporations, Automobile insurance, Bank accounts, Bank examination, Bank holding companies, Bank mergers, Bank records, Banks and banking, Brokers, Business, Business insurance, Business records, Casualty insurance, Civil rights, Community development banking Latest Action: 03/01/2007 - Referred to the House Committee on Financial Services.
Bill TextTo enhance the availability of capital and credit for all citizens and communities, to ensure that community reinvestment keeps pace as banks, securities firms, and other financial service providers become affiliates as a result of the enactment of the Gramm-Leach-Bliley Act, and for other purposes. 3/1/2007--Introduced. Community Reinvestment Modernization Act of 2007 - Repeals specified revisions to regulations governing the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Director of the Office of Thrift Supervision. Reinstates banking agency regulations in effect before the publication of such revisions. Amends the Bank Holding Company Act of 1956 (BHCA) to subject to the Community Reinvestment Act of 1977 (CRA) nonbank affiliates of bank holding companies that engage in lending or offering banking products or services. Amends the CRA to require a rating reduction [...] show full description | | Also tagged in: Administrative procedure, Bank accounts, Bank deposits, Banks and banking, Business, Checks, Consumer education, Consumer protection, Consumers, Contracts, Deceptive advertising, Electronic funds transfers, Federal reserve system, Fees, Finance, Finance charges Latest Action: 04/12/2007 - Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Bill TextTo extend the protections of the Truth in Lending Act to overdraft protection programs and services provided by depository institutions, to require customer consent before a depository institution may initiate overdraft protection services and fees, to enhance the information made available to consumers relating to overdraft protection services and fees, to prohibit systematic manipulation in the posting of checks and other debits to a depository account for the purpose of generating overdraft protection fees, and for other purposes. 2/8/2007--Introduced. Consumer Overdraft Protection Fair Practices Act - Amends the Truth in Lending Act to set forth restrictions on: (1) overdraft protection programs or services for consumers; and (2) representations or statements with respect to such a program or service in any advertisement or promotion. Amends the Electronic Fund Transfer Act and the Expedited Funds Availability Act to set forth restrictions on overdraft protection [...] show full description |
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