November 17th, 2009 by B
License: NASA
The American Recovery and Reinvestment Tax Act of 2009 (aka: economic stimulus package) will now include an investment credit. The investment credit will be used for a tax break and given to companies creating solar energy panels, solar cells, and other solar energy property. S. 2755 was referred to the Senate Committee on Finance.
November 5th, 2009 by B
Photographer: jppi
For nine months, a creditor may not increase the annual percentage rate, fee, or finance charge for a credit card account. Also, there will be no change in terms of repayment for an outstanding balance. H.R. 3959 was referred to the Committee on Financial Services.
October 3rd, 2009 by B
Photographer: Volker
The purpose of this bill is to “promote the adoption of broadband services.” The Commission will create a broadband lifeline program to assist low income residence in obtaining subsidized broadband services. The Commission will also determine if a State should assist low income residence in this endeavor. H.R. 3436 was referred to the Committee on Energy and Commerce.
September 22nd, 2009 by B
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.
July 23rd, 2009 by B
Photographer: Tom
The American Recovery and Reinvestment Act (stimulus package) was passed earlier this year by Congress. This act would stop the spending of the stimulus package, and call back the money which has yet to be spent. The TARP money, which was to be used to buy assets from troubled financial institutions, will also be recalled under this bill. H.R. 3140 was referred to the Committee on Financial Services, the Committee on Energy and Commerce, the Appropriations Committee, the Committee on Ways and Means, the Committee on Transportation and Infrastructure, and the Committee on Veterans’ Affairs.
July 4th, 2009 by B
A project being funded with stimulus money will be prohibited from displaying a sign indicating funding from the stimulus package. S. 1318 was referred to the Senate Committee on Environment and Public Works.
