Results for
Economic Mobility Corps Act of 2019
S #884 | Last Action: 3/26/2019Economic Mobility Corps Act of 2019 This bill establishes the Economic Mobility Corps for the purpose of providing support to community development financial institutions and projects related to financial counseling, financial services, job placement, small business financing, affordable rental housing financing, commercial facility financing, community facility financing, single-family home financing, and foreclosure prevention services. Specifically, the Corporation for National and Community Service and the Department of the Treasury must establish grants and other support for this program.Economic Mobility Corps Act of 2019
HR #3845 | Last Action: 7/18/2019Economic Mobility Corps Act of 2019 This bill establishes the Economic Mobility Corps for the purpose of providing support to community development financial institutions and projects related to financial counseling, financial services, job placement, small business financing, affordable rental housing financing, commercial facility financing, community facility financing, single-family home financing, and foreclosure prevention services. Specifically, the Corporation for National and Community Service and the Department of the Treasury must establish grants and other support for this program.Global Economic Security Strategy of 2019
S #2826 | Last Action: 11/7/2019Global Economic Security Strategy of 2019 This bill requires the President, in support of the national security strategy, to set forth a global economic security strategy for the United States that includes an assessment of * the global competitiveness of key U.S. economic sectors; * the national debt and its implications for U.S. economic and national security; and * prioritized economic security interests and objectives, as well as associated threats, challenges, and opportunities and the tools to manage them.Indian Community Economic Enhancement Act of 2019
HR #1937 | Last Action: 4/16/2019Indian Community Economic Enhancement Act of 2019 This bill makes several revisions related to economic development for Native American communities. Specifically, the bill establishes duties for the Office of Native American Business Development, including (1) advising the Department of Commerce regarding the relationship between the United States and Indian tribes; and (2) serving as the point of contact for tribes, tribal organizations, and members of tribes regarding economic development and doing business in Indian lands. The bill also requires coordination between Commerce, the Department of the Interior, and the Department of the Treasury to support economic development in Native American communities. Under the bill, assistance from the Community Development Financial Institutions Fund benefiting Native American institutions does not require matching funds. The bill requires the Department of Health and Human Services (HHS) to use Native American labor and purchase Native American industry products, unless Interior or HHS determines it would be impracticable and unreasonable to do so. Among other requirements, HHS and Interior must conduct outreach to Indian industrial entities in the implementation of enterprise development. Additionally, the bill authorizes the Administration for Native Americans (ANA) to provide financial assistance to Native American community development financial institutions. ANA must give priority for financial assistance to applicants whose programs seek to develop (1) tribal codes and court systems relating to economic development, (2) tribal business structures, (3) community development financial institutions, or (4) tribal master plans for community and economic development and infrastructure.Indian Community Economic Enhancement Act of 2020
S #212 | Last Action: 1/24/2019Indian Community Economic Enhancement Act of 2020 This bill makes several revisions related to economic development for Native American communities. (Sec. 3) Specifically, the bill establishes duties for the Office of Native American Business Development, including (1) advising the Department of Commerce regarding the relationship between the United States and Indian tribes; and (2) serving as the point of contact for tribes, tribal organizations, and members of tribes regarding economic development and doing business in Indian lands. The bill also requires coordination between Commerce, the Department of the Interior, and the Department of the Treasury to support economic development in Native American communities. Under the bill, assistance from the Community Development Financial Institutions Fund benefiting Native American institutions does not require matching funds. The Government Accountability Office must conduct a study that assesses (1) current programs and services that assist Native American communities with business and economic development; (2) assistance provided to Native Americans pursuant to loan, bond, and tax incentive programs; and (3) alternative incentives for tribal governments to invest in a Native American community development investment fund or bank. (Sec. 4) The bill requires the Department of Health and Human Services (HHS) to use Native American labor and purchase Native American industry products, unless Interior or HHS determines it would be impracticable and unreasonable to do so. Among other requirements, HHS and Interior must conduct outreach to Indian industrial entities in the implementation of enterprise development. (Sec. 5) Additionally, the bill authorizes the Administration for Native Americans (ANA) to provide financial assistance to Native American community development financial institutions. ANA must give priority for financial assistance to applicants whose programs seek to develop (1) tribal codes and court systems relating to economic development, (2) tribal business structures, (3) community development financial institutions, or (4) tribal master plans for community and economic development and infrastructure.Broadband Infrastructure Finance and Innovation Act of 2019
S #2344 | Last Action: 7/30/2019Broadband Infrastructure Finance and Innovation Act of 2019 This bill requires the National Telecommunications and Information Administration to make financing available for the construction and deployment of broadband infrastructure through a broadband infrastructure finance and innovation program. Specifically, the bill provides a means for communities and public-private partnerships to apply for low-interest secured loans, lines of credit, or loan guarantees to finance broadband infrastructure investments.Broadband Infrastructure Finance and Innovation Act of 2019
HR #4127 | Last Action: 7/30/2019Broadband Infrastructure Finance and Innovation Act of 2019 This bill requires the National Telecommunications and Information Administration to make financing available for the construction and deployment of broadband infrastructure through a broadband infrastructure finance and innovation program. Specifically, the bill provides a means for communities and public-private partnerships to apply for low-interest secured loans, lines of credit, or loan guarantees to finance broadband infrastructure investments.Rural Economic Infrastructure Equity Act of 2019
S #2518 | Last Action: 9/19/2019Rural Economic Infrastructure Equity Act of 2019 This bill revises existing rural infrastructure functions within the Department of Transportation (DOT) by creating an Assistant Secretary for Rural Economic Investment and an Office of Rural Economic Investment. Specifically, the bill * sets forth the duties of the Assistant Secretary for Rural Economic Investment and the mission and goals of the Office of Rural Economic Investment, including to improve coordination of DOT policies, programs, and activities in a manner that expands economic development in rural communities and regions; * provides for a rural stakeholder consultation process during the development of any regulation, guidance, or policy that would have substantial direct effects on one or more rural areas; and * establishes a rural transportation advisory council to consult with and advise the Office of Rural Economic Investment.Tribal Economic Development Act of 2020
S #4333 | Last Action: 7/28/2020Tribal Economic Development Act of 2020 This bill amends provisions relating to tribal economic development (TED) bonds issued to promote community development projects in Alaskan Indian tribal areas. Specifically, the bill increases the national tribal economic development bond limitation to $4 billion. It also eliminates the requirement that TED bond proceeds be used solely on Indian reservations and permits bond proceeds to be used for economic development by any qualified Native user which includes any tribal entity, Alaska Native Corporation, and entity that is majority-owned and controlled by an Indian tribe or Alaska Native Corporation. The bill also allows third parties to guarantee the repayment of TED bonds.Tribal Economic Development Act of 2020
HR #8066 | Last Action: 8/14/2020Tribal Economic Development Act of 2020 This bill amends provisions relating to tribal economic development (TED) bonds issued to promote community development projects in Alaskan Indian tribal areas. Specifically, the bill increases the national tribal economic development bond limitation to $4 billion. It also eliminates the requirement that TED bond proceeds be used solely on Indian reservations and permits bond proceeds to be used for economic development by any qualified Native user which includes any tribal entity, Alaska Native Corporation, and entity that is majority-owned and controlled by an Indian tribe or Alaska Native Corporation. The bill also allows third parties to guarantee the repayment of TED bonds.Preventing Illicit Finance Act
HR #8794 | Last Action: 11/20/2020Preventing Illicit Finance Act This bill directs the Department of the Treasury to convene an advisory team to examine strategies to increase cooperation between public and private sectors for purposes of countering illicit finance, and to advise on strategies to combat the risk relating to proliferation financing. The advisory team must include relevant federal agencies, private sector experts in banking, national security, and law enforcement, and other stakeholders.United States Export Finance Agency Act of 2019
HR #4863 | Last Action: 11/8/2019United States Export Finance Agency Act of 2019 This bill reauthorizes the U.S. Export-Import Bank through FY2029 and otherwise modifies its operations. Specifically, the bill redesignates the bank as the United States Export Finance Agency and increases its lending cap over the period of its reauthorization. In the event of a quorum lapse, the bill provides for the establishment of a temporary board to act in the stead of the Board of Directors. The bill also prohibits the agency from providing financing for certain specified entities and persons involved in sanctionable activities. Additionally, the agency must establish (1) the Office of Minority and Women Inclusion to increase the participation of such groups in the agency's programs and contracts; (2) the Office of Territorial Exporting to promote the export of goods and services from U.S. territories; and (3) the Office of Financing for Renewable Energy, Energy Efficiency and Energy Storage Exports to promote exports used in the production of renewable energy resources and energy efficiency technologies. Further, the agency is authorized to (1) deem as met certain prerequisite considerations to providing competitive export financing in the case of exports likely to be supported by official financing from China; and (2) establish a program under which it may enter into arrangements (i.e., reinsurance pools) to share risks associated with the extension of credit.United States Export Finance Agency Act of 2019
HR #3407 | Last Action: 11/14/2019United States Export Finance Agency Act of 2019 This bill reauthorizes the U.S. Export-Import Bank through FY2026 and otherwise modifies its operations. Specifically, the bill redesignates the U.S. Export-Import Bank as the United States Export Finance Agency and increases the agency's lending cap over the period of its reauthorization. The bill also requires that at least an additional 5% of its total annual transactions are in support of small businesses. Additionally, the bill requires the agency to neutralize Chinese export subsidies by establishing a program to provide competitive financing. The bill also restricts access to agency financing for entities that are owned or controlled by China. Further, the bill establishes (1) the Office of Minority and Women Inclusion; (2) the Office of Territorial Exporting; and (3) the Office of Financing for Renewable Energy, Energy Efficiency and Energy Storage Exports. In the event that there is no board quorum for more than 90 days, the bill provides for the establishment of a temporary board. It also requires the agency to take certain measures to increase transparency and accountability.Regulatory Relief to Support Economic Recovery Act
S #3941 | Last Action: 6/11/2020Regulatory Relief to Support Economic Recovery Act This bill permits federal agencies to temporarily or permanently rescind, modify, or waive regulations during the COVID-19 (i.e., coronavirus disease 2019) public health emergency. Specifically, it requires identification of regulatory standards that an agency determines may inhibit economic recovery from the pandemic and allows the rescission, modification, waiver, or exemption from the standards. Additionally, agencies may waive notice and comment requirements for rulemaking and exercise discretion in regulatory enforcement, among other modifications to administrative procedures. *Recognizing the importance of the United States-Israel economic relationship and encouraging new areas of cooperation.
HRES #324 | Last Action: 4/18/2019This resolution affirms that the U.S.-Israel economic partnership has benefitted both countries and is a foundational component of the strong alliance. The resolution recognizes that science and technology innovation present promising new frontiers for U.S.-Israel economic cooperation, particularly in light of widespread drought, cybersecurity attacks, and other major challenges impacting the United States. It also encourages the President to regularize and expand forums of economic dialogue with Israel and foster public and private sector participation. The resolution supports the exploration of new agreements with Israel, including in the fields of energy, water, agriculture, medicine, neurotechnology, and cybersecurity.Economic Development Act for Distressed Zones of 2019
HR #1525 | Last Action: 3/5/2019Economic Development Act for Distressed Zones of 2019 This bill provides various tax credits related to economically distressed zones and establishes a procedure for state and local governments to apply for such zone designation. Specifically, the bill provides credits to taxpayers in an economically distressed zone based on the amount of (1) wages paid by an employer to employees, (2) depreciation and amortization allowances for business property, and (3) trade or business payments made for purchases of services or property. The bill also allows state and local governments to apply for a population census tract under their ambit to be designated as an economically distressed zoneTo amend the CARES Act to authorize the financing of inventory of American manufactured products by financial institutions, and for other purposes.
HR #6679 | Last Action: 5/1/2020This bill requires the Department of the Treasury to provide financing for finished products manufactured in the United States by manufacturers with less than 2,000 employees. Such financing may not exceed a certain percentage of sales of the finished products. However, financing of certain American-manufactured items produced in response to COVID-19 (i.e., coronavirus disease 2019) shall not be counted in the calculation of such sales.Proposing an amendment to the Constitution of the United States relating to the authority of Congress and the States to regulate contributions and expenditures in political campaigns and to enact public financing systems for such campaigns.
HJRES #57 | Last Action: 5/31/2019Constitutional Amendment This joint resolution prohibits construction of the Constitution as forbidding Congress or the states from (1) imposing reasonable content-neutral limitations on private campaign contributions or independent election expenditures; or (2) enacting systems of public campaign financing, including those designed to restrict the influence of private wealth by offsetting campaign spending or independent expenditures with increased public funding.Providing for consideration of the Senate amendment to the bill (H.R. 133) to promote economic partnership and cooperation between the United States and Mexico; providing for disposition of the Senate amendment to the bill (H.R. 1520) to amend the Public Health Service Act to provide for the publication of a list of licensed biological products, and for other purposes; and for other purposes.
HRES #1271 | Last Action: 12/21/2020Sets forth the rule for consideration of the Senate amendment to the bill (H.R. 133) to promote economic partnership and cooperation between the United States and Mexico; providing for disposition of the Senate amendment to the bill (H.R. 1520) to amend the Public Health Service Act to provide for the publication of a list of licensed biological products, and for other purposes.REPAIR Act
S #1535 | Last Action: 5/16/2019Reinventing Economic Partnerships And Infrastructure Redevelopment Act or the REPAIR Act This bill addresses the financing of infrastructure projects through the establishment of the Infrastructure Financing Authority (IFA) and increases the national limitation on the amount of tax-exempt highway or surface freight transfer facility bonds. Specifically, the bill * directs the IFA to provide direct loans and loan guarantees to facilitate certain infrastructure projects that are economically viable, in the public interest, and of regional or national significance, including the construction, consolidation, alteration, or repair of airports and air traffic control systems, highway facilities, and transmission or distribution pipelines; * sets forth terms and limitations on direct loans and loan guarantees; * establishes a funding mechanism to make the IFA a self-sustaining entity, including through fees and risk premiums on loans and loan guarantees; and * increases from $15 billion to $16 billion the national limitation on the amount of tax-exempt highway or surface freight transfer facility bonds.Economic Justice Act
S #5065 | Last Action: 12/18/2020Economic Justice Act This bill provides emergency funding to address economic disparities and the impact of COVID-19 (i.e., coronavirus disease 2019) in communities, particularly with respect to low-income and minority populations. Among other programs, the bill provides funding for child care, health services, job training, family support services, small businesses, and housing, as well as for hospital, school, and broadband infrastructure. The bill also includes provisions that raise the federal minimum wage to $15 an hour, incentivize Medicaid expansion, establish a tax credit for first-time homebuyers, and institute clean water and air programs.Supporting the World Bank Group to lead a worldwide COVID-19 economic recovery effort.
HRES #939 | Last Action: 4/23/2020This resolution expresses the sense of the House of Representatives that the United States (1) should support the World Bank Group to lead a global effort assisting areas that are economically impacted by the effects of COVID-19 (i.e., coronavirus disease 2019), and (2) recognizes the need for global cooperation to overcome shared challenges.National Infrastructure Bank Act of 2020
HR #6422 | Last Action: 4/1/2020National Infrastructure Bank Act of 2020 This bill creates the National Infrastructure Bank to facilitate the long-term financing of infrastructure projects. Specifically, the bank must provide loans to public and private entities for financing, developing, or operating eligible infrastructure projects. An eligible project must have a public sponsor as well as local, regional, or national significance. The bill also provides for various criteria and preferences for purposes of deciding whether to provide a loan, such as whether a project promotes job creation or provides environmental health benefits. Projects that receive such a loan must (1) pay all laborers and mechanics locally prevailing wages, and (2) use only certain U.S.-produced construction materials unless a waiver is secured from the bank. The bank shall issue stock and may also issue bonds and maintain a discount line of credit with the Federal Reserve System. The bank must apply for a national bank charter as soon as is practicable and, once chartered, accept deposits from individuals, corporations, and public entities and pay interest on those deposits. The bill also imposes requirements related to the bank's operation, such as minimum reserve requirements and requirements for handling loan losses. In addition, the bank must facilitate the organization of at least seven regional economic accelerator planning groups to, among other things, identify infrastructure needs and priorities. Within five years, the Government Accountability Office must report on the bank's activities, including the impact of the funded infrastructure projects.Economic Empowerment for Underserved Communities Act
S #5011 | Last Action: 12/11/2020Economic Empowerment for Underserved Communities Act This bill provides economic assistance to small businesses impacted by COVID-19 (i.e., coronavirus disease 2019), including through (1) the designation of specified amounts for the Community Development Financial Institutions Fund, (2) the establishment of a Small Business and Domestic Production Recovery Investment Facility, and (3) the extension of the requirement that the Small Business Administration subsidize certain loan payments.To amend title 38, United States Code, to establish in the Department the Veterans Economic Opportunity and Transition Administration, and for other purposes.
HR #2045 | Last Action: 5/21/2019This bill establishes the Veterans Economic Opportunity and Transition Administration to administer economic opportunity assistance programs for veterans and their dependents and survivors. Specifically, the Veterans Economic Opportunity and Transition Administration must administer the following Department of Veterans Affairs (VA) programs: * vocational rehabilitation and employment programs, * educational assistance programs, * veterans' housing loan and related programs, * the Transition Assistance Program, and * the database of small business concerns owned and controlled by veterans. Prior to the transfer of administrative responsibilities, the bill requires the VA to certify that (1) the transition of the provision of services will not negatively affect the provision of such services to veterans, and (2) such services are ready to be transferred.