jiayi-li23/proxann_data huggingface dataset:
Topic: Domestic Commerce — Banking
Subject: Economics and public finance
Date: 2007-02-06 00:00:00

Southeast Crescent Authority Act of 2007 - Establishes a Southeast Crescent Authority for all parts of the following southeastern states not eligible for assistance from the Appalachian Regional Commission or the Delta Regional Authority: Virginia, North Carolina, South Carolina, Georgia, Alabama, Mississippi, and Florida. Directs the Authority to perform various functions, including: (1) formulating plans and programs to spur economic development, and approving grants to states and public and nonprofit entities toward that end; (2) establishing priorities in a development plan for the region; (3) supporting local development districts, and creating them where they do not exist; and (4) encouraging private investment in the region. Permits the Authority to request and receive federal, state and local government personnel as employees. States that Authority grants for infrastructure development may be made only to state or local governments. Permits Authority grants for job training, employment-related education, business development, assisting severely distressed and poor areas, or for other purposes in accordance with this Act. Allows the Authority to designate annually: (1) distressed counties; and (2) isolated areas of distress in nondistressed counties. Directs the Authority to garner public participation in the development, revision, and implementation of its plans and programs.
Topic: Domestic Commerce — Banking
Subject: International affairs
Date: 2007-02-17 00:00:00

Amends the Foreign Assistance Act of 1969 to permit the appointment of the United States Executive Director of the Inter-American Development Bank or the Alternate Executive Director of the Inter-American Development Bank to the Board of Directors of the Inter-American Foundation.
Topic: Domestic Commerce — Banking
Subject: Finance and financial sector
Date: 2007-03-09 00:00:00

Promoting Transparency in Financial Reporting Act of 2007 - Requires the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board to provide oral testimony by their respective chairpersons (or a designee), beginning in 2007, and annually for five years, to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives on their efforts to reduce the complexity in financial reporting, so that investors are provided with more accurate and clear financial information.
Topic: Domestic Commerce — Banking
Subject: Commerce
Date: 2007-03-14 00:00:00

Oil Industry Merger Antitrust Enforcement Act - Amends the Clayton Act to require, in any civil action in which the plaintiff alleges that the effect of a merger, acquisition, or other transaction (transaction) may be to substantially lessen competition or to create a monopoly in the business of exploring for, producing, refining, marketing, or selling petroleum, oil, natural gas, or their related products and that establishes that the transaction involves competitors in that business, the burden of proof shall be on the defendant to establish that such transaction will not substantially lessen competition or create a monopoly. Directs the Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice to jointly review and revise applicable enforcement guidelines and policies in order to: (1) specifically address the above transactions; and (2) ensure that the guidelines will prevent any transaction which substantially lessens competition or creates a monopoly.
Topic: Domestic Commerce — Banking
Subject: Taxation
Date: 2007-05-02 00:00:00

Amends the Internal Revenue Code to make permanent the tax rule exempting dividends, interest, rents, and royalties received or accrued from certain controlled foreign corporations by a related entity from treatment as foreign holding company income (thus permitting tax deferral of such income).
Topic: Domestic Commerce — Banking
Subject: Finance and financial sector
Date: 2007-05-10 00:00:00

Industrial Bank Holding Company Act of 2007 - Amends the Federal Deposit Insurance Act (FDIA) to apply the bank share or asset acquisition requirements of the Bank Holding Company Act of 1956 to any company that is or would become an industrial bank holding company.Subjects an industrial bank to Federal Deposit Insurance Corporation (FDIC) requirements regarding registration, reporting, and bank examinations. Prohibits the FDIC from imposing capital or capital adequacy requirements on functionally regulated affiliates of any depository institution controlled by industrial bank holding companies meeting certain criteria. Requires a federal supervisory agency of an industrial bank holding company to forego examination of any depository institution subsidiary of the holding company. Authorizes the FDIC to require from either a regulatory agency or a holding company that controls an industrial bank any information necessary to: (1) assess risk to the industrial bank; or (2) determine its condition. Prohibits an industrial bank from being controlled by a commercial firm, except in certain circumstances. Prescribes activity and branching limitations affecting industrial bank subsidiaries of certain commercial firms.Authorizes a federal supervisory agency to order a holding company or a nonbank subsidiary to terminate an activity or its ownership or control over certain depository institution subsidiaries if the activity or ownership or control of a nonbank subsidiary represents a serious risk to a depository institution subsidiary of the holding company.Subjects foreign bank acquisition or control of an industrial bank to approval of the Board of Governors of the Federal Reserve System.Requires a holding company of an industrial bank to serve as a source of financial and managerial strength to its subsidiary banks. Subjects an industrial bank holding company to: (1) enforcement by the FDIC, including its nonbank subsidiaries; and (2) the prompt corrective action requirements of the FDIA.
Topic: Domestic Commerce — Banking
Subject: Finance and financial sector
Date: 2007-05-16 00:00:00

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; and (5) the Securities Exchange Act of 1934 to increase the shareholder registration threshold. Amends the Truth in Lending Act to direct the Federal Reserve Board to prescribe regulations authorizing a consumer to waive the right of rescission as to certain transactions when the creditor is an insured depository institution. Seasoned Customer CTR Exemption Act of 2007 - Instructs the Secretary of the Treasury to prescribe regulations to exempt a depository institution from filing a currency transaction report (CTR) in the case of certain qualified customers. Amends additional Acts, including: (1) the Gramm-Leach-Bliley Act to exempt specified community banks from furnishing a mandatory privacy notice; (2) the Fair Credit Reporting Act to require a consumer's written consent before a consumer reporting agency may furnish a consumer report upon request from another creditor; and (3) the Federal Reserve Act to limit loans to executive officers. Amends the Internal Revenue Code with respect to specified tax provisions for long-term certificates of deposit, loans secured by agricultural real property, qualified small issue bonds, Federal Deposit Insurance Corporation-insured limited liability companies, and young savers accounts. Repeals the individual alternative minimum tax for individuals and community banks. Reduces the tax rates for community banks. Revises certain Subchapter S requirements for tax treatment of small businesses. Amends the Small Business Act with respect to: (1) reduced fees for specified loans; and (2) a low documentation loan program.
Topic: Domestic Commerce — Banking
Subject: Taxation
Date: 2007-08-02 00:00:00

New Savers Act - Requires the Commissioner of Internal Revenue to notify individual taxpayers of their options to: (1) have their income tax refunds electronically deposited to a designated bank account (e.g., savings account); and (2) purchase U.S. savings bonds when they file their federal income tax returns.Authorizes the Secretary of the Treasury to: (1) make grants to provide matching funds for clinics to assist low-income taxpayers in preparing and filing their federal income tax returns; (2) increase payments to financial institutions to offset the costs of opening electronic transfer accounts; and (3) provide grants to states to increase participation in qualified tuition programs by moderate and low-income families.Requires the Secretary to: (1) establish performance measures to evaluate the extent to which Americans save and use the federal tax filing process to facilitate savings activities; (2) establish a program to support and promote the expansion of access to financial services and development of new financial products and services; (3) convene a federal advisory board to expand access to U.S. savings bonds; and (4) publish an annual report on the use of qualified tuition programs for paying tuition and other higher education costs.Requires the Secretary of Health and Human Services to establish a performance measure for the percentage of state benefit recipients who receive benefits by direct deposit into insured bank accounts.Establishes as a tax-exempt individual retirement account (IRA) a young savers account, to be treated in the same manner as a Roth IRA.Amends the Internal Revenue Code to: (1) allow tax credits for contributions to qualified tuition programs and Coverdell education savings accounts and for employer contributions to employee payroll savings plans; and (2) impose certain reporting requirements for managers of qualified tuition programs.
Topic: Domestic Commerce — Banking
Subject: Commerce
Date: 2007-08-02 00:00:00

United States Employee Ownership Bank Act - Directs the Secretary of the Treasury to establish the United States Employee Ownership Bank to foster increased employee ownership and greater employee participation in company decisionmaking throughout the United States. Requires the Bank to make: (1) loans (subordinated to the interests of all other creditors) and loan guarantees to employees to purchase a business through an employee stock ownership plan or eligible worker-owned cooperative; and (2) grants to states and nonprofit and cooperative organizations with experience in developing employee-owned businesses and worker-owned cooperatives to provide education, outreach, and technical assistance to such employee business efforts. Requires the Bank to insure such loans or loan guarantees against nonrepayment of the outstanding loan balance.
Topic: Domestic Commerce — Banking
Subject: Finance and financial sector
Date: 2007-11-16 00:00:00

Preserving and Expanding Minority Depository Institutions Act - Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to include the Chairman of the Board of Governors of the Federal Reserve System (Federal Reserve Board) and the Comptroller of the Currency among the persons with whom the Secretary of the Treasury must consult regarding methods for best preserving: (1) the present number of minority depository institutions; and (2) their minority character in cases involving mergers or acquisition of a minority depository institution. Directs the Secretary of the Treasury, the Chairman of the Federal Reserve Board, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, and the Chairperson of the Federal Deposit Insurance Corporation each to submit an annual report to Congress describing actions taken with respect to the preservation and expansion of minority depository institutions.
Topic: Domestic Commerce — Banking
Subject: Housing and community development
Date: 2007-11-16 00:00:00

Financial Education and Counseling Assistance Act of 2007 - Amends the Housing and Urban Development Act of 1968 to require the Secretary of Housing and Urban Development (HUD) to carry out a grant program to assist eligible organizations to provide financial education and counseling services to homeowners and prospective homebuyers. Requires the Secretary to give preference to established community-based financial education and counseling organizations capable of providing in-person services. Prohibits an organization from receiving such financial assistance unless its financial counselors are HUD-certified.
Topic: Domestic Commerce — Banking
Subject: Agriculture and food
Date: 2007-12-06 00:00:00

Directs the Secretary of the Treasury to transfer to the Secretary of Agriculture $40 million of otherwise unappropriated funds to implement the emergency food assistance program established under the Emergency Food Assistance Act of 1983.
Topic: Domestic Commerce — Banking
Subject: Finance and financial sector
Date: 2008-03-05 00:00:00

Regulatory Relief and Fairness Act - Amends the Sarbanes-Oxley Act of 2002 to require rules of the Securities and Exchange Commission (SEC) to permit an insured depository institution, a bank holding company, or a savings and loan holding company to elect voluntarily not to provide otherwise mandatory certifications regarding its quarterly or annual reports or its management assessment of internal controls.
Topic: Domestic Commerce — Banking
Subject: Commerce
Date: 2008-04-15 00:00:00

Corporate Executive Compensation Accountability and Transparency Act - Amends the Internal Revenue Code to the limit annual aggregate amounts which may be deferred under nonqualified deferred compensation arrangements. Amends the Sarbanes-Oxley Act of 2002 to extend from 12 to 36 months the look-back period for any bonuses, incentive-based or equity-based compensation, or profits realized from the sale of securities which must be reimbursed to a securities issuer by its chief executive officer and chief financial officer if the issuer is required to prepare an accounting restatement because of material noncompliance, as a result of misconduct, with any financial reporting requirement. Requires the Securities Exchange and Commission (SEC) to promulgate regulations to ensure more effective enforcement of such forfeitures. Requires such regulations to cite specified illicit accounting irregularities. Amends the Securities Exchange Act of 1934 to require that any proxy, consent, or authorization for an annual (or special) meeting of shareholders provide for a separate nonbinding shareholder vote on executive compensation, especially executive compensation (golden parachute payments) based on or related to disposition of substantially all the assets of an issuer in an acquisition, merger, consolidation, sale, or other disposition. Directs the SEC to promulgate regulations: (1) clarifying and strengthening requirements governing disclosure of compensation of consultants or advisors to a compensation committee; and (2) requiring each company subject to its jurisdiction to disclose the full grant date present value of equity instruments used as executive compensation awards in the Summary Compensation Table of the company. Amends the Federal Property and Administrative Services Act of 1949 to require certain federal contractors to disclose their executive compensation structures. Requires Armed Forces defense procurement contracts also to disclose such structures.
Topic: Domestic Commerce — Banking
Subject: Finance and financial sector
Date: 2008-05-01 00:00:00

Credit Union Regulatory Improvements Act of 2008 - 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 credit union which attains its status due to a major natural or man-made disaster.Revamps requirements for limits and restrictions on member business loans.Authorizes credit unions to lease to any business enterprise separate and clearly distinct space in credit union office buildings in underserved areas.Authorizes the Board, in specified circumstances, to encompass within credit union membership any person or organization within an underserved local community, neighborhood, or rural district. Permits a credit union to invest in securities for its own account.Increases the investment and lending limit in credit union service organizations.Exempts certain voluntary mergers involving multiple common-bond credit unions from the numerical limit for eligibility within the field of membership category of a credit union. Directs the Board to prescribe criteria for continued membership of certain member groups in the case of certain credit union conversions to a community charter.Includes just cause as grounds for expulsion from membership.Authorizes term limits for board members of federal credit unions.Revises voting requirements for credit union conversions to mutual savings banks.Amends the Clayton Act to exempt from its pre-merger notification and waiting period requirements any mergers of one insured credit union activities with another which require agency approval under the Federal Credit Union Act.
Topic: Domestic Commerce — Banking
Subject: Energy
Date: 2008-05-22 00:00:00

Oil Shale Regulatory Act of 2008 - Amends the Department of the Interior, Environment, and Related Agencies Appropriations Act, 2008 to repeal its prohibition against the use of funds to: (1) publish regulations regarding a commercial leasing program for oil shale resources on public lands; or (2) conduct certain oil shale lease sales.Amends the Oil Shale, Tar Sands, and Other Strategic Unconventional Fuels Act of 2005 of the Energy Policy Act of 2005 to: (1) instruct the Secretary of the Interior to publish final regulations establishing a commercial leasing program for oil shale and tar sands not earlier than 90 days (currently, not later than six months) after completion of a specified programmatic environmental impact statement; and (2) authorize the Secretary, not earlier than December 31, 2011, to conduct a lease sale for oil shale and tar sands in a state that expresses support and interest in the development of tar sands and oil shale resources.
Topic: Domestic Commerce — Banking
Subject: Taxation
Date: 2008-05-22 00:00:00

S Corporation Modernization Act of 2008 - Amends the Internal Revenue Code to revise the tax treatment of S corporations by: (1) reducing from 10 to seven years the period during which S corporation built-in gains are subject to tax; (2) repealing mandatory termination of S corporation elections for excessive passive investment income; (3) allowing S corporations to increase passive investment income from 25 to 60% without incurring additional tax; (4) allowing nonresident aliens to be potential current beneficiaries of an electing small business trust (ESBT); (5) allowing individual retirement accounts (IRAs) to be S corporation shareholders; and (6) allowing ESBTs to claim expanded charitable tax deductions.
Topic: Domestic Commerce — Banking
Subject: Finance and financial sector
Date: 2008-06-18 00:00:00

Financial Consumer Hotline Act of 2008 - Amends the Federal Financial Institutions Examination Council Act of 1978 to require federal financial institution regulatory agencies, coordinating through the Federal Financial Institutions Examination Council, to establish: (1) a single, toll-free telephone number for consumer complaints and inquiries concerning institutions under their jurisdiction; and (2) a system for routing such calls to the federal financial institution regulatory agency that primarily supervises the financial institution, or that is otherwise the appropriate agency to address the subject of the complaint or inquiry.Cites circumstances under which state agencies may receive appropriate call transfers from such federal systems.
Topic: Domestic Commerce — Banking
Subject: Energy
Date: 2008-06-27 00:00:00

Energy Transition Act of 2008 - Amends the Outer Continental Shelf Lands Act to modify requirements governing publication and uses of projected state lines on the Outer Continental Shelf (OCS). Authorizes a state governor to petition the Secretary of Energy to make available for oil and gas leasing any moratorium area within the offshore administrative boundaries beyond the submerged land of a state that is located greater than 50 miles from the state coastline (new producing areas). Amends the Alaska National Interest Lands Conservation Act (ANILCA) to repeal the prohibition against producing oil and gas from the Arctic National Wildlife Refuge (ANWR). Sets forth an oil and gas leasing program for the Alaskan Coastal Plain, including the Refuge. Authorizes the Secretary of the Interior, acting through the Director of the Bureau of Land Management, to: (1) designate specified acreage of the Coastal Plain as special areas; (2) exclude from leasing or surface occupancy any such special area; and (3) permit the use of horizontal drilling technology into such areas from the outside. Requires the state of Alaska to establish the Coastal Plain Local Government Impact Aid Assistance Fund. Prohibits exportation of oil or gas produced from leases granted under this Act. Allocates revenues among the Energy Independence Fund (established by this Act), the state of Alaska, and the Secretary of the Treasury. Requires the Administrator of the Environmental Protection Agency (EPA), upon request, to enter into a permitting agreement with a state or Indian tribe under a streamlined approval process for refinery construction and operation. Amends the Clean Air Act with respect to renewable biomass. Amends the Energy Independence and Security Act of 2007 to repeal EPA authority to waive specified prohibitions against certain fuels or fuel additives. Clean-Coal-Derived Fuels for Energy Security Act of 2008 - Directs the President to promulgate regulations to ensure that aviation fuel, motor vehicle fuel, home heating oil, and boiler fuel sold or introduced into commerce in the United States contains the applicable volume of clean coal-derived fuel. Exempts small refineries from compliance with such regulations until 2018, unless the President extends such exemption if compliance would impose a disproportionate economic hardship. Amends the Department of the Interior, Environment, and Related Agencies Appropriations Act, 2008 to repeal the prohibition against final regulations for the commercial leasing program for oil shale resources on public land. Instructs the Secretary of the Interior to require the Director of the U.S. Geological Survey to increase activities relating to the Energy Resources Program and other resource assessment activities related to domestic oil and natural gas reserves. Establishes the Energy Independence Fund. Instructs the Secretary of Energy to develop and report to Congress a strategic and comprehensive plan to eliminate all foreign imports of oil from countries outside of North America by 2028.