lcalvobartolome/proxann_data huggingface dataset:
Topic: Macroeconomics — National Budget
Subject: Finance and financial sector
Date: 2014-05-30 00:00:00

Regional Financial Relief Act of 2014 - Amends the Bank Holding Company Act of 1956 regarding prohibitions on proprietary trading by banking entities and certain relationships with hedge funds and private equity funds.

Directs the appropriate federal banking agencies, the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) to promulgate, for banking entities with less than $50 billion in trading assets and liabilities, regulations regarding internal controls and recordkeeping whose requirements are less burdensome than those governing banking entities with $50 billion or more in trading assets and liabilities.
Topic: Macroeconomics — National Budget
Subject: Congress
Date: 2014-06-18 00:00:00

Do Your Job Act - Amends the rules of the Senate and the House of Representatives to prohibit a recess or adjournment longer than 24 hours until Congress agrees to a budget resolution that establishes a balanced budget no later than FY2024.

Amends the Congressional Budget Act of 1974 to create points of order against either chamber adjourning prior to the passage of all of the annual appropriations bills.
Topic: Macroeconomics — National Budget
Subject: Economics and public finance
Date: 2013-02-27 00:00:00

Requires the President, by March 15, 2013, to submit to Congress a qualifying sequester replacement plan proposing to cancel permanently $85.333 billion of budgetary resources available for FY2013 from any discretionary appropriations or direct spending account. Requires further that:

 up to $42.666.500 billion of budgetary resources be cancelled from defense spending (budget function 050); any cancellation of such budgetary resources comply with the policies under and consistent with amounts authorized in the National Defense Authorization Act for Fiscal Year 2013 (NDAA FY2013); the cancellation is not implemented through changes to programs or activities contained in the Internal Revenue Code, or increases governmental receipts, offsetting collections, or offsetting receipts; any cancellation of budgetary resources in a non-defense spending account may not be offset against an increase in another such account; and the proposed cancellation reduces outlays by at least $82.500 billion by the end of FY2018. Sets forth requirements for expedited consideration of a joint resolution of disapproval in both chambers of the qualifying sequester replacement plan.

Requires the President, if the joint resolution of disapproval is not enacted within seven calendar days after March 15, 2013, to cancel: (1) any sequestration order issued under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) for enforcement of a specified budget goal, and (2) the budgetary resources submitted in the qualifying sequester replacement plan.

Authorizes the Secretary of Defense, for FY2013, in implementing sequestration under the Gramm-Rudman-Hollins Act, to transfer amounts appropriated for the Department of Defense (DOD) by the Continuing Appropriations Resolution, 2013 among DOD accounts.

Requires the total amount in any DOD account available for obligation and expenditure in FY2013 to be consistent with, and not exceed, the amount authorized to be appropriated for that account for FY2013 by division A of the NDAA FY2013.
Topic: Macroeconomics — National Budget
Subject: Economics and public finance
Date: 2013-01-22 00:00:00

End Government Shutdowns Act - Makes specified provisional (automatic) continuing appropriations in the event that any regular appropriation bill for a fiscal year is not enacted before the beginning of such fiscal year, or a joint resolution making continuing appropriations is not in effect. (Thus prevents a federal government shutdown.)
Topic: Macroeconomics — National Budget
Subject: Economics and public finance
Date: 2013-01-22 00:00:00

Dollar-for-Dollar Deficit Reduction Act - Requires the Secretary of the Treasury, in the event of a near breach of the current $14.294 trillion public debt limit, to issue a debt limit warning to the Senate Committee on Finance and the House Committee on Ways and Means that includes a determination as to when extraordinary measures may be necessary in order to prolong the funding of the federal government in the absence of a debt limit increase.

Requires any formal presidential request to increase the public debt limit to include the amount of the proposed debt limit increase and be accompanied by proposed legislation to reduce spending over the sum of the current and following 10 years by an amount equal to or greater than the amount of the requested debt limit increase. Prohibits net interest savings from being counted towards the spending reductions.

Amends the Congressional Budget Act of 1974 to make it out of order in both chambers to consider any bill, joint resolution, amendment, motion, or conference report that increases the statutory debt limit unless it contains such net spending reductions.

Prohibits Congress from voting on any measure that increases the public debt limit unless the cost estimate of that measure prepared by the Congressional Budget Office (CBO) has been publicly available on the CBO website for at least 24 hours.

Permits waiver or suspension of this prohibition, or successful appeals from rulings of the Chair, only by an affirmative vote of three-fifths (60) of the Senate.
Topic: Macroeconomics — National Budget
Subject: Economics and public finance
Date: 2013-01-22 00:00:00

Ensuring the Full Faith and Credit of the United States and Protecting America's Soldiers and Seniors Act - Requires the following to take equal priority over all other federally incurred obligations in the event that the public debt reaches the statutory limit: (1) the authority of the Department of the Treasury to pay with legal tender the principal and interest on debt held by the public; (2) the authority of the Commissioner of Social Security to pay monthly Old Age, Survivors and Disability Insurance benefits under title II of the Social Security Act; and (3) the payment of pay and allowances for members of the Armed Forces on active duty.

Requires the Secretary of the Treasury, if the Secretary determines that incoming revenue will not be sufficient to finance the priorities described in this Act over the following two weeks, to: (1) notify Congress of the expected revenue shortfall, and (2) raise the debt limit by the amount necessary to cover the difference between incoming revenue and the revenue needed to finance such priorities on a two-week basis.

Prohibits such a debt limit increase from exceeding the difference between expected outlays for the listed priorities and expected revenue. Places in reserve and applies to the following two-week period any amount of incoming revenue in excess of the amount projected by the Secretary as necessary to finance such priorities.
Topic: Macroeconomics — National Budget
Subject: Government operations and politics
Date: 2013-01-22 00:00:00

Prohibits Members of Congress and the President from receiving basic pay for any period in which: (1) there is more than a 24-hour lapse in appropriations for any federal agency or department as a result of a failure to enact a regular appropriations bill or continuing resolution, or (2) the federal government is unable to make payments or meet obligations because the public debt limit has been reached.

Prohibits retroactive payment of such forfeited pay.
Topic: Macroeconomics — National Budget
Subject: Economics and public finance
Date: 2013-01-23 00:00:00

Default Prevention Act - Requires the following to be granted priority over all other federally incurred obligations in the event that the public debt reaches the statutory limit: (1) the authority of the Department of the Treasury to pay with legal tender the principal and interest on debt held by the public; (2) the full payment of compensation, allowances, and benefits for members of the Armed Forces on active duty, (3) the authority of the Commissioner of Social Security to pay monthly Old Age, Survivors and Disability Insurance benefits under title II of the Social Security Act (SSA); and (4) the authority of the Secretary of Health and Human Services (HHS) to make payments for items and services furnished to beneficiaries under SSA title XVIII (Medicare) and related provisions.
Topic: Macroeconomics — National Budget
Subject: Economics and public finance
Date: 2013-01-23 00:00:00

Government Shutdown Prevention Act of 2013 - Declares that, if any regular appropriation bill for a fiscal year does not become law before the beginning of the fiscal year, or a joint resolution making continuing appropriations (continuing resolution) is not in effect: (1) the Secretary of the Treasury shall fully pay principal and interest on the federal debt held by the public; and (2) Social Security, Medicare, and Medicaid benefits shall be fully paid and new enrollees shall be accepted.

Declares also that, if the defense appropriations bill has not been enacted, the Department of Defense (DOD) shall operate at 90% of the level of funding for the preceding fiscal year, except for funding for overseas contingencies in Iraq and Afghanistan, which shall be funded at 100% of the preceding fiscal year levels. Authorizes DOD to pay all military personnel at the full level of pay.

Requires federal employees of unfunded agencies to: (1) report for business as normal; and (2) be paid, when funding is provided, at 75% of their salaries for the time worked while under the requirements of this Act. Requires DOD civilian employees based in the United States also to be paid at 75% for the same period.

Limits Congress and the Executive Office of the President to operation at 50% of the level of funding for the preceding fiscal year during a period that any agency is not funded.

Prohibits Members of Congress and the President from receiving salaries or back pay during the period an agency is not funded.

Requires all other non-personnel accounts not funded by a regular appropriations bill or a continuing resolution to operate at 2/3 of the level of the preceding fiscal year. Dedicates the use of savings from this reduction to reduce the federal budget deficit. Prohibits expenditure of any funds during such a period to: (1) carry out the Patient Protection and Affordable Care Act, (2) pay for any abortion, or (3) be provided to any nongovernmental organization that promotes or performs abortion.
Topic: Macroeconomics — National Budget
Subject: Economics and public finance
Date: 2013-01-23 00:00:00

Declares that, in the event the debt of the federal government reaches the statutory limit, the authority of the Department of the Treasury to pay with legal tender the principal and interest on debt held by the public, and the authority of the Commissioner of Social Security to pay monthly Old Age, Survivors and Disability Insurance benefits under title II of the Social Security Act, shall take priority over all other obligations incurred by the government.
Topic: Macroeconomics — National Budget
Subject: Armed forces and national security
Date: 2013-01-29 00:00:00

Military Pay Continuation Act of 2013 - Requires the Secretary of the Treasury, during a government-wide shutdown, to transfer to the Secretary of Defense (DOD), and the Secretary of Homeland Security (DHS) in the case of the Coast Guard, amounts necessary to continue to provide pay and allowances to members of the Armed Forces, including the reserves, who perform active service during the funding gap. Allows for the provision of such pay and allowances, at the discretion of the Secretary of Defense, for: (1) civilian DOD personnel providing support to such members, and (2) DOD contractor personnel providing direct support to such members.
Topic: Macroeconomics — National Budget
Subject: Economics and public finance
Date: 2013-01-30 00:00:00

Baseline Reform Act of 2013 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to eliminate sequential and cumulative adjustments for inflation from Congressional Budget Office (CBO) baseline projections for discretionary appropriations with respect to: (1) expiring housing contracts and social insurance administrative expenses, (2) offset pay absorption and pay annualization, (3) inflation, and (4) any accounting for changes required by law in the level of agency payments for personnel benefits other than pay.

Excludes from the requirement that budgetary resources (other than unobligated balances) be at the level available in the current year any resources designated as an emergency requirement or provided in supplemental appropriations laws.

Prohibits adjustments for inflation or any other factor.

Requires the President's annual budget submission to Congress to include: (1) estimated expenditures and appropriations for the current year, as well as (2) the percentage change from the current year to the fiscal year for which the budget is submitted for estimated expenditures and appropriations.

Amends the Congressional Budget Act (CBA) to require the basis of deliberations in the congressional budget committee hearings in developing the joint (currently, concurrent) budget resolution to be the estimated budgetary levels for the preceding fiscal year.

Requires the report accompanying the budget resolution to include a comparison of levels for the current fiscal year with proposed spending and revenue levels for the subsequent fiscal years along with the proposed increase or decrease of spending in percentage terms for each function.

Amends the CBA to require the Congressional Budget Office (CBO) annual fiscal policy report to congressional budget committees to compare to comparable levels for the current fiscal year: (1) alternative levels of total revenues, total new budget authority, and total outlays (including related surpluses and deficits); and (2) the levels of tax expenditures under existing law.

Requires that report also to include a table on sources of spending growth in total direct spending, revenue, deficit, and debt for the budget year and the ensuing four fiscal years, which shall include changes in outlays attributable to: (1) cost-of-living adjustments; (2) changes in the number of program recipients; (3) increases in medical care prices, utilization, and intensity of medical care; and (4) residual factors.

Requires any congressional committee, when reporting legislation providing new budget authority or an increase or decrease in revenues or tax expenditures, to include in the accompanying report the CBO projection of how the measure will affect the levels of budget authority, budget outlays, revenues, or tax expenditures under existing law for such fiscal year (or fiscal years) and each of the four ensuing fiscal years in comparison with comparable levels for the current fiscal year.
Topic: Macroeconomics — National Budget
Subject: Economics and public finance
Date: 2013-02-07 00:00:00

Down Payment to Protect National Security Act of 2013 - Requires the Director of the Office of Management and Budget (OMB) to determine the number of full-time employees employed in each federal agency. Prohibits a federal agency head from hiring more than 1 employee for every 3 full-time employees who leave employment in such agency until the OMB Director makes a determination that the number of full-time federal employees is 10% less than the initial level as determined by OMB. Allows a waiver of such workforce limitation by the President for national security reasons or in the case of an extraordinary emergency.

Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), as amended by the Budget Control Act of 2011, to offset mandatory sequestration in security and nonsecurity categories with revenues resulting from reductions in the federal workforce and the pay freeze under this Act.

Authorizes the Secretary of Defense (DOD) to transfer amounts appropriated for DOD by the Continuing Appropriations Resolution (P.L. 112-175) among accounts of DOD.

Prohibits a cost-of-living adjustment to the pay of Members of Congress in any year in which there is a budget deficit.
Topic: Macroeconomics — National Budget
Subject: Taxation
Date: 2013-02-11 00:00:00

Job Preservation and Sequester Replacement Act of 2013 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 to modify the formula for calculating total deficit reduction requirements for FY2013.

Amends the American Taxpayer Relief Act of 2012 to repeal the requirement that the President order a sequestration (automatic cuts in discretionary spending) for FY2013.

Amends the Internal Revenue Code to: (1) require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year; (2) require a shareholder of a subchapter S corporation engaged in a professional service business to include all items of income or loss attributable to such business in determining such shareholder's net earnings from self-employment for purposes of computing employment tax liability; (3) increase the recovery period for the depreciation of general aviation aircraft (defined as any airplane or helicopter not used in commercial or contract carrying of passengers or freight, but which primarily engages in the carrying of passengers); and (4) include in foreign base company income, for purposes of determining the foreign trade income of controlled foreign corporations, imported property income.

Limits or repeals certain tax benefits for major integrated oil companies (defined as companies with annual gross receipts over $1 billion and an average daily worldwide production of crude oil of at least 500,000 barrels), including: (1) the foreign tax credit for companies that are dual capacity taxpayers; (2) the tax deduction for income attributable to the production, refining, processing, transportation, or distribution of oil, natural gas, or primary products thereof; (3) the tax deduction for intangible drilling and development costs; (4) the percentage depletion allowance for oil and gas wells; and (5) the tax deduction for qualified tertiary injectant expenses.

Amends the Energy Policy Act of 2005 to repeal royalty relief (suspension of royalties) for: (1) natural gas production from deep wells in shallow waters of the Gulf of Mexico; and (2) deep water oil and gas production in the Western and Central Planning Area of the Gulf (including the portion of the Eastern Planning Area encompassing whole lease blocks lying west of 87 degrees, 30 minutes west longitude).
Topic: Macroeconomics — National Budget
Subject: Economics and public finance
Date: 2013-02-12 00:00:00

Budget Reform Act of 2013 - Amends the Congressional Budget Act of 1974 (CBA) to require joint budget resolutions signed by the President instead of the concurrent resolutions now required (which do not have to be signed by the President). Revises accordingly the congressional procedures for considering budget resolutions.

Prescribes procedures for: (1) expedited consideration in each chamber of a presidential veto of a joint budget resolution; and (2) revision of a joint budget resolution already enacted.

Makes specified provisional continuing appropriations in the event that any regular appropriation bill for each fiscal year in a biennium does not become law before the beginning of such fiscal year, or a joint resolution making continuing appropriations is not in effect. (Thus prevents federal government shutdown.)

Requires biennial budget resolutions, appropriations Acts, and government strategic and performance plans instead of annual ones.
Topic: Macroeconomics — National Budget
Subject: Taxation
Date: 2013-02-13 00:00:00

Close Big Oil Tax Loopholes Act - Amends the Internal Revenue Code to limit or repeal certain tax benefits for major integrated oil companies (defined as companies with annual gross receipts over $1 billion and an average daily worldwide production of crude oil of at least 500,000 barrels or certain successors in interest of such companies), including: (1) the foreign tax credit for companies that are dual capacity taxpayers; (2) the tax deduction for income attributable to the production, refining, processing, transportation, or distribution of oil, natural gas, or primary products thereof; (3) the tax deduction for intangible drilling and development costs; (4) the percentage depletion allowance for oil and gas wells; and (5) the tax deduction for qualified tertiary injectant expenses.

Amends the Energy Policy Act of 2005 to repeal royalty relief (suspension of royalties) for: (1) natural gas production from deep wells in shallow waters of the Gulf of Mexico; and (2) deep water oil and gas production in the Western and Central Planning Area of the Gulf (including the portion of the Eastern Planning Area encompassing whole lease blocks lying west of 87 degrees, 30 minutes west longitude).

Dedicates any increased revenue generated by this Act to the reduction of a federal budget deficit or the federal debt.

Provides for compliance of the budgetary effects of this Act with the Statutory Pay-As-You-Go Act of 2010.
Topic: Macroeconomics — National Budget
Subject: Economics and public finance
Date: 2013-02-26 00:00:00

Decrease Spending Now Act - Rescinds $45 billion of unobligated balances of current discretionary appropriations.

Requires the Director of the Office of Management and Budget (OMB) to: (1) determine which appropriation accounts the rescission shall apply to and the amount that each such account shall be reduced, and (2) report to the Secretary of the Treasury and Congress a list of the accounts reduced by the rescission, including the amounts rescinded from each such account.

Exempts from such rescission the Department of Defense (DOD), the Department of Veterans Affairs (VA), and the Social Security Administration (SSA).
Topic: Macroeconomics — National Budget
Subject: Economics and public finance
Date: 2013-03-04 00:00:00

Sequester for Congressional Pay and Accountability Act - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to reduce the pay of each Member of Congress by the greatest percentage by which the pay of any federal employee is reduced as a result of a furlough relating to the sequestration order for that furlough period.

Defines "furlough period" as each period:

 beginning on the effective date of the first furlough of any federal employee relating to a sequestration order issued under the Gramm-Rudman-Hollings Act, and ending on the last day of the fiscal year to which the sequestration order applies.
Topic: Macroeconomics — National Budget
Subject: Economics and public finance
Date: 2013-03-05 00:00:00

Cancels the sequestration of budgetary resources for FY2013 ordered on March 1, 2013, pursuant to the Balanced Budget and Emergency Deficit Control Act of 1985 (Balanced Budget Act).

Requires the budget sequester for an account in the security and non-security categories under the Balanced Budget Act for FY2013 to be implemented within each account as determined by the head of the agency with spending authority over such account. Requires: (1) the agency head to notify the Appropriations Committees of a proposed exercise of authority for implementing a sequester, and (2) the Appropriations Committees to approve any agency proposal.

Authorizes the Secretary of Defense (DOD) to: (1) take appropriate actions in the management of current DOD multiyear contracts to minimize the effects of a sequester in carrying out such contracts; and (2) begin new programs, projects, and activities and enter into new contracts for multiyear procurements that are authorized by the National Defense Authorization Act for FY2013.

Allocates funding for prior year shipbuilding cost increases for the Navy.