jiayi-li23/proxann_data huggingface dataset:
Topic: Domestic Commerce — Banking
Subject: Finance and financial sector
Date: 2008-03-13 00:00:00

National Association of Registered Agents and Brokers Reform Act of 2008 - Amends the Gramm-Leach-Bliley Act to reestablish the National Association of Registered Agents and Brokers as a nonprofit corporation whose purpose is to provide a mechanism through which licensing, continuing education, and other insurance producer qualification requirements and conditions can be adopted and applied on a multi-state basis, while preserving the right of states to: (1) license, supervise, and discipline insurance producers; and (2) prescribe and enforce laws and regulations regarding insurance-related consumer protection and unfair trade practices. Sets forth membership requirements, including a mandatory criminal background check applicable to state-licensed insurance producers. Sets limits upon permissible uses of such criminal background information, and imposes a criminal penalty for improper use. Requires the Association, in establishing membership criteria, to consider the National Association of Insurance Commissioners (NAIC) Producer Licensing Model Act and the highest levels of insurance producer qualifications established under state licensing laws. Authorizes the Association to deny membership to a state-licensed insurance producer on the basis of the criminal history information obtained. Establishes classes and categories of membership. Declares that membership authorizes an insurance producer to sell, solicit, negotiate, effect, procure, deliver, renew, continue, or bind insurance in any state for any line or lines of insurance specified in such producer's home state license, and exercise all such incidental powers, including claims adjustments and settlement, risk management, employee benefits advice, retirement planning, and any other insurance-related consulting activities. Authorizes the Association to deny membership to any state-licensed insurance producer for failure to meet membership criteria established by the Association. Preserves state consumer protection and market conduct regulation powers. Grants the Association membership probation, suspension and revocation powers.Requires the Association to establish an office of consumer complaints, including a toll-free telephone number.Creates a Board of Directors to govern and supervise the Association and its members.Preempts specified state actions.Permits judicial review over litigation involving the Association.
Topic: Domestic Commerce — Banking
Subject: Government operations and politics
Date: 2008-04-15 00:00:00

Roth TSP Act of 2008 - Requires the Executive Director of the Federal Retirement Thrift Investment Board to provide for the inclusion in the Thrift Savings Plan of a qualified Roth contribution program (a program under which an employee may elect to make designated Roth contributions in lieu of elective deferrals under the retirement plan).
Topic: Domestic Commerce — Banking
Subject: Finance and financial sector
Date: 2008-04-17 00:00:00

Bank and Thrift Regulatory Relief Act of 2008 - Amends the Revised Statutes of the United States to authorize the Comptroller of the Currency, in lieu of requirements relating to the ownership of capital stock in the national bank, to permit an individual to serve as a director of a national bank that has elected, or notified the Comptroller of its intention, to operate as a S corporation under the Internal Revenue Code. Authorizes the Comptroller to prescribe regulations that permit a national bank to be organized other than as a body corporate (that is, as an alternative business organization). Amends the Home Owners' Loan Act governing federal savings associations to: (1) increase their investment in small business investment companies from 1% to 5%; (2) permit investments in auto loans; (3) repeal the qualified thrift lender requirement for out-of-state branches; (3) eliminate the lending limit on small business loans and increase it on other business loans; and (4) increase the amount of capital available for commercial real estate loans. Amends the Home Owners' Loan Act to authorize the Director of Office of Thrift Supervision to prescribe regulations that permit a federal savings association to be organized as an alternative business organization. Amends the Gramm-Leach-Bliley Act to set forth exceptions to the annual privacy notice required of financial institutions.Business Checking Fairness Act of 2008 - Amends federal banking law to authorize interest-bearing transaction accounts for all businesses.Amends the Federal Reserve Act, the Home Owners' Loan Act, and the Federal Deposit Insurance Act to repeal the prohibition against payment of interest on demand deposits. Amends the Federal Reserve Act to direct the Board of Governors of the Federal Reserve System to obtain biennially, and report to Congress regarding, a sample of specified retail banking services and products provided by insured depository institutions and credit unions, including fees.
Topic: Domestic Commerce — Banking
Subject: Taxation
Date: 2008-06-20 00:00:00

Municipal Bond Market Support Act of 2008 - Amends Internal Revenue Code provisions relating to the small issuer exemption from interest expense allocation rules for financial institutions to: (1) increase from $10 to $30 million the annual limit on small issuers of tax-exempt municipal bonds; (2) allow an inflation adjustment to such increased limit amount after 2009; (3) repeal aggregation rules relating to the determination of small issuer eligibility; (4) allow small issuers an election to treat borrowers separately for purposes of issuance limitations; and (5) allow financial institutions to hold up to 2% of their assets in tax-exempt securities without affecting their interest expense tax deduction.
Topic: Domestic Commerce — Banking
Subject: Finance and financial sector
Date: 2008-07-22 00:00:00

FDIC Flexibility Act of 2008 - Amends the Federal Deposit Insurance Act to repeal: (1) requirements for least-cost resolution of troubled insured depository institutions; (2) requirements for consideration of direct financial assistance to a depository institution before appointment of a conservator or receiver; (3) certain Federal Deposit Insurance Corporation (FDIC) procedures for extension of time and mailed notification regarding determination of claims; and (4) specified FDIC authority relating to determination of claims. Amends the Federal Reserve Act to repeal limitations on advances to member banks by the Board of Governors of the Federal Reserve System. Amends the Federal Deposit Insurance Corporation Improvement Act of 1991 to repeal provisions regarding early resolution of troubled insured depository institutions by federal banking agencies.
Topic: Domestic Commerce — Banking
Subject: Finance and financial sector
Date: 2008-07-29 00:00:00

National Consumer Cooperative Bank Act Amendments of 2008 - Amends the National Consumer Cooperative Bank Act to declare that a nonprofit corporation (established to succeed the abolished Office of Self-Help Development and Technical Assistance) shall be deemed to be a community development financial institution, unless the National Consumer Cooperative Bank or any of its affiliates participates in certain depository institution incentives under the Community Development Banking and Financial Institutions Act of 1994.
Topic: Domestic Commerce — Banking
Subject: Finance and financial sector
Date: 2008-07-30 00:00:00

Equal Treatment of Covered Bonds Act of 2008 - Amends the Federal Deposit Insurance Act to include a covered bond as a qualified financial contract with an insured depository institution, if it was entered into before appointment of the Federal Deposit Insurance Corporation (FDIC) as receiver for the institution, where a person has the right to cause the contract's termination, liquidation, or acceleration upon such an appointment. Defines such a bond as a nondeposit recourse debt obligation of an insured depository institution, with a term to maturity of at least one year, which is secured by specifically identified assets which are performing in accordance with the terms of the contracts which created the assets. Declares federal banking agency regulations inapplicable to any covered bond unless they are prescribed jointly by the Secretary of the Treasury, the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, and the Board of Directors of the FDIC.
Topic: Domestic Commerce — Banking
Date: 2008-09-11 00:00:00

Expedited Funds Availability Dollar Limits Adjustment Act of 2008 - Amends the Expedited Funds Availability Act to increase: (1) from $100 to $175 the amount of a federal, state, or local government check that is available for next business day withdrawal; and (2) from $400 to $700 the maximum cash amount of non-government checks available for 5 p.m. withdrawal.Directs the Board of Governors of the Federal Reserve System to make cost-of-living adjustments to such amounts every five years.
Topic: Domestic Commerce — Banking
Date: 2008-09-17 00:00:00

Home Heating Loan Guarantee Act of 2008 - Authorizes the Secretary of the Treasury to guarantee qualified home heating loans made by depository institutions during the 2008-2009 home heating season if necessary to minimize disruptions in the supply and distribution of home heating resources because of the inability of customers of the suppliers to pay for home heating supplies or repairs made to broken home heating equipment or leaking or frozen lines. Sets forth terms and conditions governing the loan guarantee, including overall loan limits.
Topic: Domestic Commerce — Banking
Date: 2008-09-26 00:00:00

Prohibits the use of any funds made available under any Act authorizing the Secretary of the Treasury to purchase troubled assets to provide income for any senior officer of any company, entity, or partnership that receives credit or other direct assistance under such Act. Authorizes the Secretary to terminate the employment of any such senior officer who receives credit or direct assistance under any such Act. Defines "senior officer" as any chairman of the board, chief executive officer, chief financial officer, managing partner, or any individual deemed by the Secretary as having primary management or financial authority over the company, entity, or partnership before the receipt of credit or direct assistance under any such Act.
Topic: Domestic Commerce — Banking
Date: 2008-09-27 00:00:00

Public-Private Partnerships Community Stabilization Act of 2008 - Directs the Secretary of the Treasury, in carrying out any Act that provides authority to purchase troubled assets from financial institutions, to provide systematically for purchases from the Secretary, by public-private partnerships established at the community, local, and regional levels, of vacant residential properties the Secretary owns, holds, or controls by reason of purchases of troubled assets. Requires any federal property manager to provide for purchases by such partnerships of properties owned, held, or controlled by the manager, for the purpose of retaining the value of such properties, stabilizing communities, and minimizing the fiscal impacts of such Act on taxpayers.
Topic: Domestic Commerce — Banking
Date: 2008-09-27 00:00:00

Fair Value Accounting Standards Reform Act of 2008 - Directs the Securities and Exchange Commission, upon enactment of an Act or Joint Resolution in 2008 providing for the economic recovery of financial institutions, to revise by rule, regulation, or order the application of fair value accounting, including Statement Number 157 of the Financial Accounting Standards Board, to any financial institution.
Topic: Domestic Commerce — Banking
Date: 2008-09-29 00:00:00

Net Worth Certificate Program Act of 2008 - Directs the Chairman of the Federal Deposit Insurance Corporation (FDIC) to create a net worth certificate program that will settle the financial markets without significant expense to taxpayers. States that such program will be authorized to purchase net worth certificates by issuing FDIC senior notes to the banks in the form of subordinated debentures, or in any other form the Chairman determines meets program goals and requirements. Requires the Chairman to certify that a bank eligible for the program is both: (1) in danger of failing; and (2) could be viable if given more time. Requires the Chairman to issue new, strict supervision rules for banks that wish to enter the program, including oversight of top executive compensation and removal of poor management.
Topic: Domestic Commerce — Banking
Date: 2008-09-29 00:00:00

Main Street Protection Act of 2008 - Requires the Federal Deposit Insurance Corporation (FDIC) to insure deposits under the Federal Deposit Insurance Act without regard to the amount on deposit in any account or the amount of the deposits of any customer. Directs the Secretary of the Treasury to establish a program for insuring the principal amounts on deposit in any money market account using the U.S. Treasury stabilization fund without limitation on the amount insured in any such account. Authorizes the Secretary to make appropriate assessments against the institution holding such accounts to cover the cost of providing such insurance.
Topic: Domestic Commerce — Banking
Date: 2008-09-29 00:00:00

Amends the Federal Deposit Insurance Act to increase the standard maximum amount of deposit insurance from $100,000 to: (1) $500,000, at the option of the insured depository institution; and (2) $250,000 or $500,000 for eligible retirement accounts, at the institution's option. Requires an annual inflation adjustment. Directs the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) Board to report to Congress and publish in the Federal Register any such inflation adjustments to the standard maximum deposit insurance amount and to the standard maximum share insurance amount.
Topic: Domestic Commerce — Banking
Date: 2008-09-29 00:00:00

Amends the Federal Deposit Insurance Act to: (1) increase from $100,000 to $300,000 the maximum amount of deposit insurance for accounts insured by the Federal Deposit Insurance Corporation (FDIC); and (2) require the FDIC to adjust premiums for deposit insurance based on solvency of the Deposit Insurance Fund (DIF) to ensure that the Fund is funded by premiums from insured depository institutions, and not by taxpayer revenues. Repeals the cap on the maximum amount of deposit insurance for deposits in an insured depository institution made in connection with specified kinds of retirement accounts, including individual retirement accounts (IRAs).
Topic: Domestic Commerce — Banking
Date: 2008-10-02 00:00:00

Bringing Accounting, Increased Liquidity, Oversight and Upholding Taxpayer Security Act of 2008 or the No BAILOUTS Act of 2008 - Directs the Securities and Exchange Commission (SEC) to report to Congress on the effect of its clarification on fair value accounting issued September 30, 2008. States that the order of the SEC issued September 17, 2008, continues in effect until: (1) canceled or withdrawn by the SEC; or (2) repealed by an Act of Congress. Directs the SEC to: (1) reinstate rule 10a-1 (uptick rule on short sales of securities); (2) rescind rule 201 of regulation SHO; and (3) reinstate the price test restrictions that applied to short sales of securities before its action in the proceeding entitled "Regulation SHO and Rule 10a-1," adopted June 28, 2007. Requires the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) to establish a net worth certificate program to provide capital to assist insured depository institutions to resolve solvency problems. Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to increase from $100,000 to $250,000 the standard maximum deposit and share insurance amount.
Topic: Domestic Commerce — Banking
Date: 2008-10-03 00:00:00

Economic Growth and Financial Stabilization Act - Amends the Internal Revenue Code to prescribe a 0% capital gains rate for individuals. Revises the formula for: (1) the alternative tax for corporations to prescribe a 0% capital gains rate; and (2) the ordinary income tax for corporations by eliminating the two tax rate brackets above 25% and reducing the maximum amount of tax imposed. Establishes in the Department of the Treasury a Distressed Assets Loan Fund under the control of the Secretary of the Treasury to make loans available at low rates of interest to depository institutions with distressed assets. Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to increase from $100,000 to $250,000 the maximum amount of deposit insurance and share insurance, respectively. Treats gain or loss from the sale or exchange of any applicable preferred stock by any applicable financial institution as ordinary income or loss.
Topic: Domestic Commerce — Banking
Date: 2008-10-03 00:00:00

Amends the Federal Deposit Insurance Act to increase the standard maximum amount of deposit insurance from $100,000 to: (1) $250,000, $500,000, $750,000, or $1 million, at the option of the insured depository institution; and (2) $250,000, $500,000, $750,000, or $1 million for eligible retirement accounts, at the institution's option. Requires an annual inflation adjustment. Directs the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) Board to report to Congress and publish in the Federal Register any such inflation adjustments to the standard maximum deposit insurance amount and to the standard maximum share insurance amount.
Topic: Domestic Commerce — Banking
Subject: Finance and financial sector
Date: 2008-10-03 00:00:00

Temporary Increase in FDIC and Credit Union Insurance Act of 2008 - Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to establish a temporary increase from $100,000 to $250,000, through December 31, 2009, in the maximum insured amount limitation for deposit insurance and credit union share insurance.
Topic: Domestic Commerce — Banking
Date: 2008-11-19 00:00:00

Financial Oversight Commission Act of 2008 - Establishes the Financial Oversight Commission to investigate facts and circumstances relating to the financial crisis of 2008, including any relevant legislation, Executive Order, regulation, plan, policy, practice, or procedure that pertains to: (1) government sponsored enterprises (GSEs), including the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac); (2) the stock market; (3) the housing market; (4) credit rating agencies; (5) the financial services sector, including hedge funds, private equity, and the insurance industry; and (6) the role of congressional oversight and resource allocation. Directs the Commission to identify, evaluate, and report to Congress and the President on the lessons learned from the financial crisis regarding the structure, coordination, management policies, and procedures of governmental and nongovernmental entities related to crisis detection, prevention, and response.
Topic: Domestic Commerce — Banking
Date: 2008-11-20 00:00:00

Limits the applicability of Treasury Notice 2008-83 (suspending restrictions on the offset of net operating losses and unrealized built-in losses against the taxable income of certain corporate entities that acquire or merge with other entities) to a period beginning on September 30, 2008, and ending on the earlier of the date of the first committee action on this Act or the date on which the Chairman of the House Committee on Ways and Means and the Chairman of the Senate Committee on Finance issue a joint statement indicating their intent to to terminate the application of such notice. Directs the Inspector General of the Department of the Treasury to conduct an investigation into the issuance of Treasury Notice 2008-83 and report to Congress on such investigation.
Topic: Domestic Commerce — Banking
Subject: Finance and financial sector
Date: 2008-12-10 00:00:00

Special Inspector General for the Troubled Asset Relief Program Act of 2008 - Amends the Emergency Economic Stabilization Act of 2008 to authorize the Special Inspector General to exercise specified employment authorities for additional personnel, but not after six months following enactment of this Act. Authorizes the Special Inspector General to conduct, supervise, and coordinate an audit or investigation of any action taken under such Act, except any action related to: (1) graduated authorization to purchase troubled assets; (2) oversight and audits by the Comptroller General; (3) the Comptroller General's study and report on margin authority; and (4) the Congressional Oversight Panel.
Topic: Domestic Commerce — Banking
Date: 2008-12-10 00:00:00

TARP Accountability Act of 2008 - Amends the Federal Deposit Insurance Act (FDIA) to require inclusion within each report of condition filed by an insured depository institution which received assistance under the Troubled Assets Relief Program (TARP) the amount of any increase in new lending during the period covered by the report (or the amount of any reduction in any decrease in new lending) that is attributable to TARP assistance. Requires, in the alternative, that if the institution cannot accurately quantify the effect such assistance has had on new lending, then it report the total amount of the increase in new lending, if any, during the covered period.
Topic: Domestic Commerce — Banking
Subject: Finance and financial sector
Date: 2008-11-20 00:00:00

Troubled Asset Relief Program Inspector General Improvement Act - Amends the Emergency Economic Stabilization Act of 2008 with respect to the Special Inspector General (SIG) for the Troubled Asset Relief Program (TARP). Makes the first $50 million available to the SIG within three days after his or her nomination is first confirmed by the Senate. Directs the Secretary of the Treasury to: (1) take action to address deficiencies identified by the SIG or another auditor engaged by the TARP; or (2) certify to appropriate congressional committees that no action is necessary or appropriate. Revises the duties of the SIG to conduct, supervise, and coordinate audits and investigations to: (1) eliminate the limitation of the object of investigations to the purchase, management, and sale of troubled assets by the Secretary and the Secretary's management of the program to guarantee such assets; and (2) extend the objects of investigation to any activities of the Secretary in the expenditure or obligation of funds under such Act. Requires the SIG to report to specified congressional committees by July 1, 2009, on the use of any funds received by an financial institution under TARP. Authorizes the SIG to exercise specified federal civil service employment authorities. Prohibits the SIG from making any appointment after one year following the date of the first confirmation of his or her nomination as SIG.
Topic: Domestic Commerce — Banking
Subject: Finance and financial sector
Date: 2007-01-26 00:00:00

Community Choice in Real Estate Act - Amends the Bank Holding Company Act of 1956, and the Revised Statutes of the United States, to prohibit the Board of Governors of the Federal Reserve System and the Secretary of the Treasury, respectively, from determining that real estate brokerage activity or real estate management activity is financial in nature, is incidental to any financial activity, or is complementary to a financial activity. (In effect, prohibits financial holding companies and national banks from engaging, directly or indirectly, in real estate brokerage or real estate management activities.) Exempts from such prohibition: (1) activities of a bank holding company (or any affiliate) that directly relate to managing any real property owned by national banks or their affiliates; and (2) the right, power, or ability of any financial holding company to engage in any activity, or acquire or retain the shares of any company engaged in an activity authorized for financial holding companies on December 6, 2001 ("grandfather clause").