Payment to New York City and Washington DC

February 1st, 2010 by B

foreign car 300x196 Payment to New York City and Washington DC

Photographer: Simon Davison

The Secretary of State will pay for the parking fines and penalties of foreign governments who received said fines or penalties in New York City or Washington DC. H.R. 4457 was referred to the Committee on Foreign Affairs.

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STAY PUT Act

January 29th, 2010 by B

Plane seats 225x300 STAY PUT Act

Photographer: aschaeffer

This bill states the following: “Until the Comptroller General submits the report required… no appropriated funds, including official funds of the House of Representatives or funds available under any Federal law, rule, or regulation, may be used to pay for official travel outside of the United States by any Member, officer, or employee of the House of Representatives.” H.R. 4447 was referred to the Committee on House Administration.

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Tax Benefits for Cash Contributions

January 26th, 2010 by B

Haiti 300x225 Tax Benefits for Cash Contributions

Photographer: M_Eriksson

An individual who made a cash contribution to the relief effort in Haiti after January 11, 2010 and before February 16, 2010 will be able to claim the contribution as if given on December 31, 2010. S. 2931 was referred to the Senate Committee on Finance.

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Corporate Propaganda Sunshine Act

January 25th, 2010 by B

corporation 300x204 Corporate Propaganda Sunshine Act

Photographer: macoggins

This bill states the following, “Not later than 30 days after the date of enactment of this Act, the Securities and Exchange Commission shall… require that issuers include in the reports required… any expenditure or series of expenditures of the issuer totaling $1,000 or more made for the purpose of influencing public opinion on any matter other than the promotion of the issuer’s products or services. Such disclosures shall include the date, amount, and purpose of the expenditure and identify (by name, address, and phone number) the person to whom it was made.” H.R. 4432 was referred to the Committee on Financial Services.

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Congressional Pay Raise Elimination Act

January 21st, 2010 by B

payment raise 300x200 Congressional Pay Raise Elimination Act

Photographer: Valentin Mosichev

Under this bill, the United States Congress will not receive the standard annual pay raise for 2011. H.R. 4423 was referred to the Committee on House Administration and the Committee on Oversight and Government Reform.

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Wall Street Bonus Tax Act

January 19th, 2010 by B

Loans 300x200 Wall Street Bonus Tax Act

Photographer: Omar Bárcena

This bill states, “In the case of any payment of compensation during 2010 in the nature of a bonus by a TARP recipient to any employee or former employee of such recipient, there is hereby imposed a tax equal to 50 percent of so much of such compensation as exceeds $50,000.” Also, the Administrator of Small Business Administration will be given power to create loans for small businesses. H.R. 4412 was referred to the Committee on Ways and Means and the Committee on Small Business.

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United States Employee Ownership Bank Act

January 5th, 2010 by B

94363981 6e53ff00c9 o 141x300 United States Employee Ownership Bank Act

Photographer: Zachary Korb

The Secretary of the Treasury will establish the United States Employee Bank for the purpose of fostering “increased employee ownership of United States companies and greater employee participation in company decision making throughout the United States.” This bank will be authorized to provide loans to to purchase a company through an employee stock ownership.
S. 2914 was referred to the Senate Committee on Banking, Housing, and Urban Affairs.

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Free Competition in Currency Act

December 18th, 2009 by B

Photographer: PPDIGITAL

Photographer: PPDIGITAL

Under this bill, legal tender, as applied to US currency, will be repealed. Also any coin, medal, token, or gold, silver, platinum, palladium, or rhodium bullion will have no tax applied when purchasing. H.R. 4248 was referred to the Committee on Financial Services, the Committee on Ways and Means, and the Committee on the Judiciary.

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TARP Recipient Ownership Trust Act

September 22nd, 2009 by B

Author: Leticia Wilson

Author: Leticia Wilson

The Secretary of the Treasury may give management authority to a private entity under the Emergency Economic Stabilization Act, commonly known as the US financial bailout. The Secretary of the Treasury will create an LLC with all the voting, nonvoting, and common equity of the recipients of the Troubled Asset Relief Program. The President will then appoint three independent trustees for the purposes of management. These trustees will be employed, not elected, they will serve at the will of the President, and will each be paid $162,900. H.R. 3594 was referred to the Committee on Financial Services and the Committee on Rules.

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Federal Reserve Transparency Act

September 18th, 2009 by B

Author: Allen Stoner

Author: Allen Stoner

Before the end of 2010, an audit of the Federal Reserve banks and the Board of Governors of the Federal Reserve System will be completed. The audit will be available to any members of Congress who request it. H.R. 1207 will be voted upon by the House of Representatives.

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