hyperdemocracy/usc-billstatus huggingface dataset:
Home Building Lending Improvement Act of 2012

Bill: 112-s-2078
Sponsor: Sen. Menendez, Robert [D-NJ]
Introduced: 2012-02-07 in the Senate
Policy area: Housing and Community Development
Subjects: Administrative law and regulatory procedures
Banking and financial institutions regulation
Building construction
Credit and credit markets
Department of the Treasury
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve System
Housing finance and home ownership
Real estate business

Summary:
action_date: 2012-02-07
text: 
Home Building Lending Improvement Act of 2012 - Directs each of the appropriate federal banking agencies to initiate guidance or rulemaking with respect to financial institutions under their respective jurisdictions that make real estate loans to home builders.
 
Requires such rulemaking to provide for: (1) adjustment from 100% to 125% of bank capital the measurement that triggers additional scrutiny on real estate loans in the lending portfolio of any qualified financial institution, (2) a prohibition against compelling lenders to call loans in good standing, and (3) improved composite ratings of a financial institution to take effect immediately.
 
Prohibits a federal banking agency also from preventing a qualified financial institution from making a real estate loan to a home builder in good standing that is secured by a viable project, unless there is a legitimate supervisory or accounting reason to do so.
 
Prohibits such banking agencies from requiring a financial institution to reclassify any real estate loan to a homebuilder in good standing on the balance sheet of such institution, unless there is a legitimate supervisory or accounting reason to do so.
 
 
Prohibits such agency guidance and regulations from superseding state law, except to the extent of state law inconsistency.


Legislative actions:
action_date: 2012-02-07
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2012-02-07
text: Introduced in Senate
A bill to extend the pay limitation for Members of Congress and Federal employees.

Bill: 112-s-2079
Sponsor: Sen. Heller, Dean [R-NV]
Introduced: 2012-02-07 in the Senate
Policy area: Government Operations and Politics
Subjects: Congressional officers and employees
Government employee pay, benefits, personnel management
Inflation and prices
Members of Congress

Summary:
action_date: 2012-02-07
text: 
Amends the Continuing Appropriations Act, 2011 (P.L. 111-242) to extend through December 31, 2013, the freeze on any cost-of-living adjustment (COLA) to the pay of certain federal civilian employees (thus extends such freeze from two to three calendar years).
 
Extends through such date the prohibition against receipt by a senior executive or senior-level employee of any increase in the rate of basic pay absent a change of position that results in a substantial increase in responsibility or a promotion.
 
Applies the pay limit freeze to Members of Congress.
 
Declares that no statutory COLA for a legislative branch employee which would otherwise take effect during the period beginning on enactment of this Act and ending on December 31, 2013, shall be made.


Legislative actions:
action_date: 2012-02-09
text: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 318.
action_date: 2012-02-07
text: Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
action_date: 2012-02-07
text: Introduced in Senate
Keeping Families in their Home Act of 2012

Bill: 112-s-2080
Sponsor: Sen. Heller, Dean [R-NV]
Introduced: 2012-02-09 in the Senate
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Department of the Treasury
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve System
Federal preemption
Government corporations and government-sponsored enterprises
Housing finance and home ownership
National Credit Union Administration
Real estate business

Summary:
action_date: 2012-02-09
text: 

 Keeping Families in their Home Act of 2012 - Amends the Federal Deposit Insurance Act to authorize any depository institution (or affiliate) to lease, including lease with an option to purchase or a right of first refusal, to any individual for up to five years an interest in residential property which: (1) was or is security for an extension of credit by such depository institution (or affiliate), and (2) came under the institution's or affiliate's ownership or control through foreclosure (or a deed in lieu of foreclosure) on the extension of credit.
 
Preempts any federal or state law that would: (1) restrict the time during which a depository institution or its affiliate may hold or lease property, or (2) prohibit a depository institution or its affiliate from leasing property.
 
Directs the federal banking agencies to prescribe specified joint safety and soundness regulations, including minimum capital requirements for such institutions or affiliates.
 
Permits extension of such a lease beyond five years if any federal or state law, including the Bank Holding Company Act of 1956, so permits.
 
Applies this Act only to leases entered into during the three-year period beginning on the date of the enactment of this Act.
 
Declares it is the intent of Congress that: (1) no permanent change in policy on leasing foreclosed property is being established with respect to depository institutions and depository institution holding companies, and (2) bank leasing of foreclosed property authorized under this Act should not apply to leases entered into after such three-year period.
 
Authorizes a government-sponsored enterprise (the Federal National Mortgage Association [Fannie Mae] or the Federal Home Loan Mortgage Corporation [Freddie Mac]) to market for rental, before sale, any of its real estate owned properties and assets as the Federal Housing Finance Agency (FHFA) determines appropriate. Restricts lease agreements to five years. 
 

 


Legislative actions:
action_date: 2012-02-09
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2012-02-09
text: Sponsor introductory remarks on measure. (CR S496-497)
action_date: 2012-02-09
text: Introduced in Senate
Extended Unemployment Benefits Reform Act of 2012

Bill: 112-s-2081
Sponsor: Sen. Burr, Richard [R-NC]
Introduced: 2012-02-09 in the Senate
Policy area: Labor and Employment
Subjects: Government employee pay, benefits, personnel management
National and community service
State and local government operations
Unemployment

Summary:
action_date: 2012-02-09
text: 
Extended Unemployment Benefits Reform Act of 2012 - Amends the Internal Revenue Code (relating to approval of state unemployment compensation [UC] laws) to prohibit state payment of extended UC to an individual, even under a temporary program, for any week in which he or she does not: (1) perform at least 20 hours of unpaid public service to a charitable organization, except in specified circumstances; and (2) engage in at least 20 hours of active job searching.
 
Authorizes a state to reduce the required 20 hours of active job searching, and prescribe alternative job search requirements, for any individual who has met both the public service and active job searching requirements for at least 12 weeks.


Legislative actions:
action_date: 2012-02-09
text: Read twice and referred to the Committee on Finance.
action_date: 2012-02-09
text: Introduced in Senate
Cavernous Angioma CARE Center Act of 2012

Bill: 112-s-2082
Sponsor: Sen. Udall, Tom [D-NM]
Introduced: 2012-02-09 in the Senate
Policy area: Health
Subjects: Cardiovascular and respiratory health
Health facilities and institutions
Health promotion and preventive care
Medical education
Medical research
New Mexico
Surgery and anesthesia

Summary:
action_date: 2012-02-09
text: 
Cavernous Angioma CARE Center Act of 2012 - Amends the Public Health Service Act to require the Secretary of Health and Human Services (HHS) to establish the Cavernous Angioma Clinical Care, Awareness, Research, and Education Center of Excellence at a university health sciences research and clinical center in the southwest United States to: (1) provide basic, translational, and clinical research with respect to new diagnostic, prevention, and novel treatment methodology for individuals with cavernous angioma; and (2) serve as a model for, and provide support to, medical schools and research institutions.
 
Requires the Director of the Center to: (1) ensure that the Center provides community-, family-, and patient-centered culturally sensitive care; (2) encourage and coordinate opportunities for individuals to participate in clinical research studies that will advance medical research and care; and (3) develop the Center as a model and training facility for other facilities throughout the United States that are engaged in research regarding, and care for individuals with, cavernous angioma.


Legislative actions:
action_date: 2012-02-09
text: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
action_date: 2012-02-09
text: Introduced in Senate
1099K Overreach Prevention Act

Bill: 112-s-2083
Sponsor: Sen. Thune, John [R-SD]
Introduced: 2012-02-09 in the Senate
Policy area: Taxation
Subjects: Accounting and auditing
Tax administration and collection, taxpayers

Summary:
action_date: 2012-02-09
text: 
1099K Overreach Prevention Act - Amends the Internal Revenue Code to exempt taxpayers who are required to report payments made in settlement of payment card and third party network transactions from any requirement to reconcile such payments to amounts related to gross receipts or sales.


Legislative actions:
action_date: 2012-02-09
text: Read twice and referred to the Committee on Finance.
action_date: 2012-02-09
text: Introduced in Senate
A bill to require the Secretary of Transportation to establish accelerated licensing procedures to assist veterans to acquire commercial driver's licenses, and for other purposes.

Bill: 112-s-2084
Sponsor: Sen. Snowe, Olympia J. [R-ME]
Introduced: 2012-02-09 in the Senate
Policy area: Transportation and Public Works
Subjects: Administrative law and regulatory procedures
Department of Transportation
Licensing and registrations
Motor carriers
Veterans' education, employment, rehabilitation

Summary:
action_date: 2012-02-09
text: 
Directs the Secretary of Transportation (DOT) to establish accelerated licensing procedures to assist Armed Forces veterans to acquire commercial driver's licenses.
 
Requires such procedures to apply to any veteran attempting to acquire a commercial driver's license who, during military service, obtained driving experience that makes the use of accelerated licensing procedures appropriate.


Legislative actions:
action_date: 2012-02-09
text: Read twice and referred to the Committee on Commerce, Science, and Transportation.
action_date: 2012-02-09
text: Introduced in Senate
Cost Savings Enhancements Act of 2012

Bill: 112-s-2085
Sponsor: Sen. Paul, Rand [R-KY]
Introduced: 2012-02-09 in the Senate
Policy area: Government Operations and Politics
Subjects: Appropriations
Budget process
Congressional oversight
Executive agency funding and structure
Government employee pay, benefits, personnel management
Government studies and investigations

Summary:
action_date: 2012-02-09
text: 
Cost Savings Enhancements Act of 2012 - Expands the awards program for disclosures by federal employees of fraud, waste, or mismanagement that result in cost savings to the employee's agency to include identification of surplus funds or unnecessary budget authority. Directs that any savings resulting from the identification of such funds or budget authority be deposited in the Treasury and used to reduce a budget deficit or the federal debt. 
 Prohibits the payment of awards to: (1) federal officers who serve in a position at level I of the Executive Schedule; (2) the head of an agency; or (3) a commissioner, board member, or other voting member of an independent establishment.

Legislative actions:
action_date: 2012-02-09
text: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
action_date: 2012-02-09
text: Introduced in Senate
Expedited Legislative Line-Item Veto and Rescissions Act of 2012

Bill: 112-s-2086
Sponsor: Sen. McCaskill, Claire [D-MO]
Introduced: 2012-02-09 in the Senate
Policy area: Economics and Public Finance
Subjects: Appropriations
Budget deficits and national debt
Budget process
Executive agency funding and structure
Legislative rules and procedure
Presidents and presidential powers, Vice Presidents

Summary:
action_date: 2012-02-09
text: 
Expedited Legislative Line-Item Veto and Rescissions Act of 2012 - Amends the Congressional Budget and Impoundment Control Act of 1974 (CBICA) to authorize the President to propose the rescission (line item veto) of all or any dollar amount of funding provided by any enacted bill or joint resolution.
 
Sets forth requirements for the President's transmittal to Congress of a special message regarding the proposed rescission.
 
Authorizes the President, except for his deferral of budget authority provided in CBICA, to withhold such rescinded funding temporarily from obligation, but only once per proposed rescission.
 
Dedicates the rescinded funds solely to deficit reduction or increase of a surplus.
 
Provides for adjustment of: (1) committee allocations resulting from such rescission, and (2) applicable limits under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) revised downward by the amount of such rescissions.
 
Sets forth procedures for expedited congressional consideration of a proposed rescission.
 
Amends the Congressional Budget Act of 1974 to require the House Committee on the Budget, whenever an approval bill passes the House of Representatives, to reduce the applicable committee allocations immediately by the total amount of reductions in budget authority and in outlays resulting from such approval. 
 

 


Legislative actions:
action_date: 2012-02-09
text: Read twice and referred to the Committee on the Budget.
action_date: 2012-02-09
text: Introduced in Senate
United States Steel and Security Act of 2012

Bill: 112-s-2087
Sponsor: Sen. Brown, Sherrod [D-OH]
Introduced: 2012-02-09 in the Senate
Policy area: Armed Forces and National Security
Subjects: Buy American requirements
Metals
Military procurement, research, weapons development
Strategic materials and reserves

Summary:
action_date: 2012-02-09
text: 
United States Steel and Security Act of 2012 - Amends federal provisions requiring the Department of Defense (DOD) to procure strategic materials critical to national security from materials produced in the United States (Buy American requirements) to include within the definition of &quot;produced&quot; that which is melted or processed in a manner that results in physical or chemical property changes that are the equivalent of melting. Excludes from such term finishing processes such as rolling, heat treatment, quenching, tempering, grinding, or shaving.


Legislative actions:
action_date: 2012-02-09
text: Read twice and referred to the Committee on Armed Services.
action_date: 2012-02-09
text: Introduced in Senate
Small Business Start-up Support Act of 2012

Bill: 112-s-2088
Sponsor: Sen. Rockefeller, John D., IV [D-WV]
Introduced: 2012-02-09 in the Senate
Policy area: Taxation
Subjects: Business investment and capital
Income tax deductions
Small business

Summary:
action_date: 2012-02-09
text: 
Small Business Start-up Support Act of 2012 - Amends the Internal Revenue Code to provide for a permanent increase (from $5,000 to $10,000) in the tax deduction for business start-up expenditures.


Legislative actions:
action_date: 2012-02-09
text: Read twice and referred to the Committee on Finance.
action_date: 2012-02-09
text: Sponsor introductory remarks on measure. (CR S497)
action_date: 2012-02-09
text: Introduced in Senate
HONOR Act

Bill: 112-s-2089
Sponsor: Sen. Klobuchar, Amy [D-MN]
Introduced: 2012-02-09 in the Senate
Policy area: Armed Forces and National Security
Subjects: Cemeteries and funerals
Firearms and explosives
Veterans' organizations and recognition

Summary:
action_date: 2012-02-09
text: 
Honoring Our Nations Outstanding Rifle Squads Act or HONOR Act - Authorizes the Secretary of the Army, if determined appropriate to meet the needs of an eligible organization with respect to performing funeral and other ceremonies, to: (1) loan or donate excess small arms; (2) authorize the organization to retain small arms other than M-1 rifles; or (3) if excess small arms stock is insufficient to meet organizational requirements, provide excess small arms on a rotational basis with other eligible organizations pursuant to a program and procedures prescribed by the Secretary.


Legislative actions:
action_date: 2012-02-09
text: Read twice and referred to the Committee on Armed Services.
action_date: 2012-02-09
text: Introduced in Senate
A bill to amend the Indian Law Enforcement Reform Act to extend the period of time provided to the Indian Law and Order Commission to produce a required report, and for other purposes.

Bill: 112-s-2090
Sponsor: Sen. Akaka, Daniel K. [D-HI]
Introduced: 2012-02-09 in the Senate
Policy area: Native Americans
Subjects: Congressional oversight
Correctional facilities and imprisonment
Crime prevention
Indian social and development programs
Judicial procedure and administration
Juvenile crime and gang violence
Law enforcement administration and funding

Summary:
action_date: 2012-02-09
text: 
Amends the Indian Law Enforcement Reform Act to extend (from two to three years) the period of time provided to the Indian Law and Order Commission to produce a report detailing the Commission's findings and conclusions and setting forth its recommendations for legislative and administrative action. 

action_date: 2012-07-24
text: 

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

 
Amends the Indian Law Enforcement Reform Act to extend (from two to three years) the period of time provided to the Indian Law and Order Commission to produce a report detailing the Commission's findings and conclusions and setting forth its recommendations for legislative and administrative action. 


Legislative actions:
action_date: 2012-07-25
text: Held at the desk.
action_date: 2012-07-25
text: Received in the House.
action_date: 2012-07-25
text: Message on Senate action sent to the House.
action_date: 2012-07-24
text: Passed Senate without amendment by Unanimous Consent. (text: CR S5318)
action_date: 2012-07-24
text: Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(text: CR S5318)
action_date: 2012-07-24
text: Senate Committee on Indian Affairs discharged by Unanimous Consent. (consideration: CR S5317-5318)
action_date: 2012-07-24
text: Senate Committee on Indian Affairs discharged by Unanimous Consent.(consideration: CR S5317-5318)
action_date: 2012-02-09
text: Read twice and referred to the Committee on Indian Affairs.
action_date: 2012-02-09
text: Introduced in Senate
United States Job Creation and International Tax Reform Act of 2012

Bill: 112-s-2091
Sponsor: Sen. Enzi, Michael B. [R-WY]
Introduced: 2012-02-09 in the Senate
Policy area: Taxation
Subjects: Corporate finance and management
Foreign and international corporations
Income tax credits
Income tax deductions
Income tax rates
Interest, dividends, interest rates
Securities
Tax administration and collection, taxpayers
Taxation of foreign income

Summary:
action_date: 2012-02-09
text: 
United States Job Creation and International Tax Reform Act of 2012 - Amends the Internal Revenue Code, with respect to the taxation of foreign income, to allow: (1) a 95% tax deduction for the foreign source portion of dividends that a domestic corporation receives from a controlled foreign corporation of which it is a U.S. shareholder, (2) domestic corporations to treat gain on the sale or exchange of stock of a foreign corporation held for at least one year as dividends eligible for the 95% tax deduction, (3) a 50% tax deduction for the foreign intangible income of a domestic corporation, and (4) a U.S. shareholder of a controlled foreign corporation to elect a 70% tax deduction for certain amounts received from such a corporation.
 
Includes certain low-taxed foreign income as subpart F income (e.g., certain passive income, insurance income, foreign-base company income, income from countries subject to international boycotts, illegal bribes, kickbacks, and similar payments, and income from countries where the United States has severed diplomatic relations).
 
Makes permanent exemptions from treatment as subpart F income for: (1) certain payments of dividends, interest, rents, and royalties received from a related controlled foreign corporation; and (2) active financing income.
 
Modifies rules relating to the foreign tax credit to create a separate income category for foreign intangible income. 
 
Accelerates the effective date of the worldwide interest allocation rules to taxable years beginning after December 31, 2012 (currently, after December 31, 2020). 


Legislative actions:
action_date: 2012-02-09
text: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S498-502)
action_date: 2012-02-09
text: Sponsor introductory remarks on measure. (CR S497-498)
action_date: 2012-02-09
text: Introduced in Senate