Summary: Affirms the strong and historic ties between the United States and the Kingdom of Saudi Arabia. Disapproves of the May 2008 Memorandum of Understanding between the government of the United States of America and the government of the Kingdom of Saudi Arabia Concerning Cooperation in Nuclear Energy and Other Energy Fields. Reiterates that the United States is committed to nuclear weapons nonproliferation and to preventing the Islamic Republic of Iran's acquisition of nuclear weapons. States that: (1) no agreement for nuclear cooperation between the United States and the Kingdom of Saudi Arabia may enter into force on or after the date of the enactment of this Act; and (2) no nuclear materials and equipment or sensitive nuclear technology shall be exported or reexported, or transferred or retransferred, and no federal agency shall issue any license or authorization for the export or reexport, or transfer or retransfer of these items or assistance to the Kingdom of Saudi Arabia if the end user is a nuclear production or utilization facility, or if the President determines that the material, equipment, technology, or item may be diverted to such a facility.

affirms strong historic ties united_states disapproves memorandum understanding government united_states_of_america government nuclear energy energy fields united_states committed nuclear weapons nonproliferation preventing islamic_republic_of_iran acquisition nuclear weapons states agreement nuclear cooperation united_states enter force date enactment act nuclear materials equipment sensitive nuclear technology shall exported reexported transferred federal agency shall issue license authorization export reexport transfer items assistance end user nuclear production utilization facility president determines material equipment technology item diverted facility


Summary: American Oil for American Families Act of 2008 - Bans the export from the United States of petroleum extracted from public lands in the United States (including lands located on the outer continental shelf (OCS)), or a petroleum product produced from such petroleum.

families act bans export united_states petroleum extracted public lands united_states including lands located outer continental shelf ocs petroleum product produced petroleum


Summary: Extractive Industries Transparency Disclosure Act - Amends the Securities Exchange Act of 1934 to instruct the Securities and Exchange Commission (SEC) to require specified annual reports of an issuer to disclose the total payments made to an agency or instrumentality of a foreign government: (1) for natural resources in a foreign country; or (2) in connection with the extraction of natural resources from a foreign country.Requires compilation of such information so that it is accessible by the public directly from the SEC website without separately accessing the annual reports of each issuer filing the information on the EDGAR system.

transparency disclosure act amends securities exchange act instruct securities_and_exchange_commission sec require specified annual reports issuer disclose total payments agency instrumentality foreign government natural resources foreign country connection extraction natural resources foreign country requires compilation information accessible public directly sec website separately accessing annual reports issuer filing information system


Summary: Railroad Antitrust Enforcement Act of 2009 - Amends the Clayton Act to remove an exemption from coverage under the federal antitrust laws with respect to mergers and acquisitions involving rail carriers. Removes from the Surface Transportation Board (STB) the authority to enforce federal antitrust laws with respect to rail carriers (thus vesting such authority in the federal antitrust agencies). Removes: (1) the prohibition against a private party seeking injunctive relief against a rail carrier for a violation of the antitrust laws; and (2) the rail carrier exemption from the Federal Trade Commission (FTC) prohibition against unfair methods of competition. Amends federal transportation law to terminate the exemptions from antitrust laws for rail carriers, including mergers and acquisitions and ratemaking agreements. Requires the STB, when reviewing a proposed rate agreement, to take into account its impact upon shippers, consumers, and affected communities, and to make findings regarding such impact, which shall be made part of the administrative record. Makes federal antitrust laws applicable to rail carriers regardless of whether the carrier filed a rail carrier rate or whether a complaint challenging a rate is filed. Provides that, in any civil action against a rail carrier, the U.S. district court shall retain the discretion to defer to the jurisdiction of the STB. Sets forth an effective date for this Act as the date of enactment, but provides a 180-day grace period for conduct that was exempted under the antitrust laws before such date of enactment.

railroad_antitrust_enforcement_act amends clayton act remove exemption coverage federal antitrust laws respect mergers acquisitions involving rail carriers removes surface_transportation_board stb authority enforce federal antitrust laws respect rail carriers vesting authority federal antitrust agencies removes prohibition private party seeking injunctive relief rail carrier violation antitrust laws rail carrier exemption federal_trade_commission ftc prohibition unfair methods competition amends federal transportation law terminate exemptions antitrust laws rail carriers including mergers acquisitions ratemaking agreements requires stb reviewing proposed rate agreement account impact shippers consumers affected communities findings impact shall administrative record makes federal antitrust laws applicable rail carriers regardless carrier filed rail carrier rate complaint challenging rate filed provides civil action rail carrier district court shall retain discretion defer jurisdiction stb sets forth effective date act date enactment provides day grace period conduct exempted antitrust laws date enactment


Summary: Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Secretary of the Treasury to establish an Internet website containing a searchable database of the executive compensation of the institutions receiving assistance under the Troubled Asset Relief Program (TARP). Requires any institution receiving any TARP assistance to disclose annually to the Secretary the total compensation of: (1) each of its 100 most highly paid executives, officers, or employees; or (2) for an institution with fewer than 1,000 employees, each of the top 5% of its most highly paid executives, officers, or employees.

amends emergency economic stabilization act eesa direct secretary treasury establish internet website containing searchable database executive compensation institutions receiving assistance troubled_asset_relief_program tarp requires institution receiving tarp assistance disclose annually secretary total compensation highly paid executives officers employees institution fewer employees highly paid executives officers employees


Summary: Directs the Comptroller General to study legal requirements and policies followed by the Department of Transportation in deciding whether to: (1) approve cooperative agreements between an air carrier and a foreign air carrier (international alliances) to provide foreign air transportation; and (2) exempt such alliances from the U.S. antitrust laws. Requires: (1) the Comptroller General to report to the Secretary and Congress study results, including any recommendations for authority or policy changes with respect to approving such alliances and granting such exemptions; and (2) the Secretary to issue a determination, after public comment, whether such changes will be adopted.

directs comptroller general study legal requirements policies followed department_of_transportation deciding approve cooperative agreements air carrier foreign air carrier international alliances provide foreign air transportation exempt alliances antitrust laws requires comptroller general report secretary congress study results including recommendations authority policy changes respect approving alliances granting exemptions secretary issue determination public comment changes adopted


Summary: Accountability from Corporations for Outlays Under TARP Act, or the Account Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Secretary of the Treasury to require any financial institution that receives assistance under the Act to publicize prominently on its corporate website specified information on its expenditures, updated monthly, including total expenditures made for travel and lobbying.

accountability tarp act account act amends emergency economic stabilization act eesa direct secretary treasury require financial institution receives assistance act publicize prominently corporate website specified information expenditures updated monthly including total expenditures travel lobbying


Summary: Executive Compensation and Corporate Governance Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to direct the Secretary of the Treasury to require any institution assisted under the Troubled Asset Relief Program (TARP) to meet specified standards for executive compensation and corporate governance while any assistance under TARP is outstanding. Subjects all auction purchases of troubled assets to the prohibition against senior executive employment contract provision of golden parachutes.

executive compensation corporate governance act amends emergency economic stabilization act eesa direct secretary treasury require institution assisted troubled_asset_relief_program tarp meet specified standards executive compensation corporate governance assistance tarp outstanding subjects auction purchases troubled assets prohibition senior executive employment contract provision golden


Summary: Increases the penalty for failure to file a partnership or S corporation tax return in taxable years beginning in 2010 and 2011.

increases penalty failure file partnership corporation tax return taxable years beginning


Summary: Made in America Act of 2009 - Amends the Internal Revenue Code to: (1) make permanent the tax credit for increasing research activities; (2) increase to 20% the rate of the alternative simplified tax credit for research expenses; (3) make permanent the increased expensing allowance for depreciable business property; and (4) reduce to 30% the maximum income tax rate for corporations. Directs the Comptroller General to conduct studies of: (1) the impact of workplace employee health care facilities on employee health and and productivity; and (2) the best practices for encouraging college graduates from rural areas to return to those areas after graduation.

america act amends internal revenue code permanent tax credit increasing research activities increase rate alternative simplified tax credit research expenses permanent increased expensing allowance depreciable business property reduce maximum income tax rate corporations directs comptroller general conduct studies impact workplace employee health care facilities employee health productivity best practices encouraging college graduates rural areas return areas graduation


Summary: Requires the Secretary of the Treasury and the Chairman of the Board of Governors of the Federal Reserve System to require financial institutions that have received assistance under the Troubled Asset Relief Program (TARP) or under the Federal Reserve Act to obtain the approval of their employee bonus payment plans by either the Secretary or the Chairman, as appropriate, before paying any employee bonuses.

requires secretary treasury chairman board_of_governors federal_reserve_system require financial institutions received assistance troubled_asset_relief_program tarp federal reserve act obtain approval employee bonus payment plans secretary chairman appropriate paying employee bonuses


Summary: Assisted Institution Bonus Repayment Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 to require a financial institution, as a condition of receiving assistance under such Act, to certify to the Secretary of the Treasury that the 10 most highly paid executives or employees of such institution have repaid any bonuses received during the previous five fiscal years.

amends emergency economic stabilization act require financial institution condition receiving assistance act certify secretary treasury highly paid executives employees institution repaid bonuses received previous fiscal years


Summary: (Sec. 1) Amends the Emergency Economic Stabilization Act of 2008 (EESA) to prohibit a financial institution that receives or has received a direct capital investment under the Troubled Asset Relief Program (TARP) (or with respect to the Federal National Mortgage Association [Fannie Mae], the Federal Home Loan Mortgage Corporation [Freddie Mac], or a federal home loan bank, under the Housing and Economic Recovery Act of 2008) from making a compensation payment (other than a longevity bonus or a payment in the form of restricted stock) to an executive or employee under a preexisting compensation arrangement, or from entering into a new compensation payment arrangement, while that capital investment remains outstanding, if such compensation: (1) is unreasonable or excessive according to standards established by the Secretary of the Treasury in consultation with the Chairperson of the Congressional Oversight Panel; or (2) includes any bonus or other supplemental payment, whether payable before employment, during employment, or after termination of employment, that is not directly based upon such standards. Declares such prohibition inapplicable to an institution that did business with a recipient of a direct capital investment under the TARP, or under amendments made by the Housing and Economic Recovery Act of 2008.Instructs the Secretary, with the approval of the agencies that are members of the Federal Financial Institutions Examination Council, and in consultation with the Chairperson of the Congressional Oversight Panel, to establish standards governing: (1) unreasonable and excessive compensation; and (2) performance-based measures that a financial institution must apply when determining whether it may provide a bonus or retention payment. Excludes from the meaning of compensation payment under this Act any severance payment paid upon the employee's dismissal by an employer in the ordinary course of business to an employee who has been employed for a minimum of five years, unless such severance payment is greater than the employee's annual salary or $250,000. States that the prohibition against certain compensation not based upon performance standards does not apply to a financial institution that has entered into an agreement with the Secretary to repay the United States all outstanding amounts of any direct capital investment or investments it has received under this Act. Declares, however, that if an institution defaults on such an agreement, the Secretary shall require the institution to surrender to the Treasury the compensation payments that would have been subject to such prohibition. Requires financial institutions subject to this Act to report annually to the Secretary how many officers, directors, and employees received or will receive total compensation over each of five specified thresholds in that fiscal year. Requires such report to distinguish amounts an institution considers to be a bonus and the reason for such distinction. Authorizes the Secretary to exempt community financial institutions from the requirements of this Act. Defines total compensation as all cash payments (including without limitation salary, bonus, and retention payments), all transfers of property, stock options, sales of stock, and all contributions by the company (or its affiliates) for a person's benefit or for the benefit of that person's immediate family members. States that the identity of persons receiving compensation in such amounts shall not be required in such reports. Directs the Secretary to make such reports available on the Internet. Requires a financial institution, while subject to this Act, to issue: (1) a retrospective annual report for 2008; and (2) both a prospective and retrospective annual report for each subsequent calendar year.States that, for a financial institution that has received or receives a direct capital investment under TARP, while such investment remains outstanding, no otherwise prohibited bonus or other supplemental payment may be paid to employees or executives without regard to when the arrangement to pay such a bonus was entered into. (Sec. 2) Establishes the Commission on Executive Compensation to study and report to the President and Congress on the executive compensation system for recipients of a direct capital investment under the TARP. Requires the report's recommendations for executive action and voluntary recipient actions to be accompanied by any separate minority view recommendations that members of the Commission wish to make, but that were not agreed upon by the Commission for the report. Authorizes appropriations.

sec amends emergency economic stabilization act eesa prohibit financial institution receives received direct capital investment troubled_asset_relief_program tarp respect federal_national_mortgage_association fannie_mae federal_home_loan_mortgage_corporation freddie_mac federal home loan bank housing_and_economic_recovery_act making compensation payment longevity bonus payment form restricted stock executive employee preexisting compensation arrangement entering new compensation payment arrangement capital investment remains outstanding compensation unreasonable excessive according standards established secretary treasury consultation chairperson congressional_oversight_panel includes bonus supplemental payment payable employment employment termination employment directly based standards declares prohibition inapplicable institution business recipient direct capital investment tarp amendments housing_and_economic_recovery_act secretary approval agencies members federal_financial_institutions_examination_council consultation chairperson congressional_oversight_panel establish standards governing unreasonable excessive compensation performance based measures financial institution apply determining provide bonus retention payment excludes meaning compensation payment act severance payment paid employee dismissal employer ordinary course business employee employed minimum years severance payment greater employee annual salary states prohibition certain compensation based performance standards apply financial institution entered agreement secretary repay united_states outstanding amounts direct capital investment investments received act declares institution defaults agreement secretary shall require institution surrender treasury compensation payments subject prohibition requires financial institutions subject act report annually secretary officers directors employees received receive total compensation specified thresholds fiscal year requires report distinguish amounts institution considers bonus reason distinction authorizes secretary exempt community financial institutions requirements act defines total compensation cash payments including limitation salary bonus retention payments transfers property stock options sales stock contributions company affiliates person benefit benefit person immediate family members states identity persons receiving compensation amounts shall required reports directs secretary reports available internet requires financial institution subject act issue retrospective annual report prospective retrospective annual report subsequent calendar year states financial institution received receives direct capital investment tarp investment remains outstanding prohibited bonus supplemental payment paid employees executives regard arrangement pay bonus entered sec study report president congress executive compensation system recipients direct capital investment tarp requires report recommendations executive action voluntary recipient actions accompanied separate minority view recommendations members commission wish agreed commission report authorizes appropriations


Summary: Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require that at least one member of the Board Compensation Committee of each Troubled Asset Relief Program (TARP) recipient reviewing the recipient's employee compensation plans be an employee of the recipient whose compensation is within the lowest 20% of compensation of all of the recipient's employees and executives.

amends emergency economic stabilization act eesa require member tarp recipient reviewing recipient employee compensation plans employee recipient compensation lowest compensation recipient employees executives


Summary: Amends the Internal Revenue Code to impose a 70% tax on compensation in excess of $1 million received by an employee from an employer who has received, in the aggregate, economic assistance of more than $500 million under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 or the Housing and Economic Recovery Act of 2008. Exempts employees who return such compensation to their employer or who receive such compensation as a commissioned sales person.

amends internal revenue code impose tax compensation excess million received employee employer received aggregate economic assistance million troubled_asset_relief_program tarp emergency_economic_stabilization_act housing_and_economic_recovery_act exempts employees return compensation employer receive compensation commissioned sales person


Summary: Amends the Internal Revenue Code to: (1) to set forth a special rule for the inclusion in gross income of partnership interests transferred in connection with the performance of services; (2) treat as ordinary income or loss net income or loss from an investment services partnership interest; (3) include income and loss from an investment services partnership interest for purposes of determining net earnings from self-employment; (4) apply the rule treating gain from sales between related persons as ordinary income to certain partnership interests; and (5) exempt income from investment services partnership interests from treatment as qualifying income of publicly traded partnerships. Defines "investment services partnership interest" as any interest in a partnership held by a person who provides services to a partnership by: (1) advising the partnership about investing in, purchasing, or selling specified assets; (2) managing, acquiring, or disposing of specified assets; or (3) arranging financing with respect to acquiring specified assets.

amends internal revenue code set forth special rule inclusion gross income partnership interests transferred connection performance services treat ordinary income loss net income loss investment services partnership interest include income loss investment services partnership interest purposes determining net earnings self employment apply rule treating gain sales related persons ordinary income certain partnership interests exempt income investment services partnership interests treatment qualifying income publicly traded partnerships defines investment services partnership interest interest partnership held person provides services partnership advising partnership investing purchasing selling specified assets managing acquiring disposing specified assets arranging financing respect acquiring specified assets


Summary: Antitrust Criminal Penalty Enhancement and Reform Act of 2004 Extension Act - Amends the Antitrust Criminal Penalty Enhancement and Reform Act of 2004 to extend through June 22, 2010, provisions of that Act limiting civil damages in antitrust enforcement actions involving conduct covered by antitrust leniency agreements.

reform act extension act amends reform act extend june provisions act limiting civil damages antitrust enforcement actions involving conduct covered antitrust agreements


Summary: Credit Card Fair Fee Act of 2009 - Sets forth a limited antitrust immunity to providers of covered electronic payment systems and merchants for negotiation of access rates and terms. Authorizes providers of a single covered electronic payment system (e.g. credit cards and/or debit cards) and merchants to jointly negotiate and agree upon rates and terms for access to such system. Provides immunity exceptions. Requires the rates and terms of a voluntarily negotiated access agreement to be the same for all merchants and participating providers, regardless of their respective category or volume of transactions. Requires issuers, acquirers, owners, and merchants to make specified disclosures regarding itemized costs and access agreements. Requires the negotiating parties to file jointly with the Attorney General any voluntarily negotiated access agreement that affects any market in the United States or elsewhere.

sets forth limited antitrust immunity providers covered electronic payment systems merchants negotiation access rates terms authorizes providers single covered electronic payment system credit cards debit cards merchants jointly negotiate agree rates terms access system provides immunity exceptions requires rates terms voluntarily negotiated access agreement merchants participating providers regardless respective category volume transactions requires issuers owners merchants specified disclosures itemized costs access agreements requires negotiating parties file jointly attorney general voluntarily negotiated access agreement affects market united_states


Summary: S Corporation Modernization Act of 2009 - Amends the Internal Revenue Code to revise the tax treatment of S corporations by: (1) permanently reducing from 10 to 7 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; (6) allowing ESBTs to claim expanded charitable tax deductions; and (7) making permanent the rule requiring a basis adjustment to stock of an S corporation making charitable contributions of property.

corporation modernization act amends internal revenue code revise tax treatment corporations permanently reducing years period corporation built gains subject tax repealing mandatory termination corporation elections excessive passive investment income allowing corporations increase passive investment income incurring additional tax allowing nonresident aliens potential current beneficiaries electing small business trust esbt allowing individual retirement accounts iras corporation shareholders allowing esbts claim expanded charitable tax deductions making permanent rule requiring basis adjustment stock corporation making charitable contributions property


Summary: Mutual Holding Company Beneficial Owners' Protection Act of 2009 - Amends the Home Owners' Loan Act, the Federal Deposit Insurance Act, and the Bank Holding Company Act to prohibit any savings association, savings and loan holding company, insured depository institution, or bank holding company that is a subsidiary of a mutual holding company from establishing or implementing any plan (or plan amendment ) to award stock options or to provide stock or any stock interest as compensation or benefits to either management or employees, unless a majority of the total (non-mutual holding company) votes eligible to be cast for it approve. Declares void and unenforceable any provision of the charter or bylaws of such entities which has the effect of excluding or preventing such votes.

amends federal_deposit_insurance_act bank_holding_company_act prohibit savings association savings loan holding company insured depository institution bank holding company subsidiary mutual holding company establishing implementing plan plan amendment award stock options provide stock stock interest compensation benefits management employees majority total non mutual holding company votes eligible cast approve declares void unenforceable provision charter bylaws entities effect excluding preventing votes


Summary: Amends Internal Revenue Code provisions relating to the tax on the unrelated business income of tax-exempt organizations to exempt from treatment as acquisition indebtedness (subject to the unrelated business income tax) indebtedness incurred or continued by an organization which is a partner with limited liability in a partnership to purchase or carry certain securities or commodities.

amends internal revenue code provisions relating tax unrelated business income tax exempt organizations exempt treatment acquisition indebtedness subject unrelated business income tax indebtedness incurred continued organization partner limited liability partnership purchase carry certain securities commodities


Summary: Fighting for American Jobs Act of 2009 - Directs each federal agency that provides contracts, grants, loans, or loan guarantees to businesses to require, as a condition of such assistance, that such businesses provide annually information on: (1) the number of employees employed in the United States and its territories and possessions and the number employed outside the United States, as well as wage information on U.S. employees; and (2) the percentage of the workforce that has been laid off or forced to resign during the preceding year. Prohibits, until the situation is corrected, subsequent federal assistance to businesses that lay off a greater percentage of workers in the United States and its territories and possessions than in other countries.

fighting american jobs act directs federal agency provides contracts grants loans loan guarantees businesses require condition assistance businesses provide annually information number employees employed united_states territories possessions number employed outside united_states wage information employees percentage workforce laid forced preceding year prohibits situation corrected subsequent federal assistance businesses lay greater percentage workers united_states territories possessions countries


Summary: Corporate Propaganda Sunshine Act - Directs the Securities and Exchange Commission (SEC) to revise certain regulations so as to require issuers to include in specified periodic reports any expenditures totaling $1,000 or more that were made for the purpose of influencing public opinion on any matter other than the promotion of the issuer's products or services. Requires such disclosures to include the date, amount, and purpose of the expenditure, and to identify (by name, address, and phone number) the person to whom it was made.

corporate propaganda sunshine act directs securities_and_exchange_commission sec revise certain regulations require issuers include specified periodic reports expenditures totaling purpose influencing public opinion matter promotion issuer products services requires disclosures include date purpose expenditure identify address phone number person


Summary: End the Hijacking of Shareholder Funds Act - Deems expenditure to influence public opinion by the officers and directors of a public company on matters not related to company products or services to be a breach of fiduciary duty if such expenditure has not been approved by a prior majority shareholder vote. Subjects such officers and directors to joint and several liability to any shareholder or class of shareholders for the amount of such an expenditure.

end shareholder funds act deems expenditure influence public opinion officers directors public company matters related company products services breach fiduciary duty expenditure approved prior majority shareholder vote subjects officers directors joint liability shareholder class shareholders expenditure


Summary: Health Insurance Industry Fair Competition Act - Amends the McCarran-Ferguson Act to provide that nothing in that Act shall modify, impair, or supersede the operation of any of the antitrust laws with respect to the business of health insurance. Applies prohibitions against using unfair methods of competition to the business of health insurance without regard to whether such business is carried on for profit.

mccarran ferguson act provide act shall modify impair supersede operation antitrust laws respect business health insurance applies prohibitions unfair methods competition business health insurance regard business carried profit


Summary: Prohibits a corporation from being considered a person under federal law for any purpose, including voting, running for office, or donating funds to a political action candidate. Provides that a corporation shall be considered a person under federal law only for the purposes of: (1) exercising rights to due process; (2) participating in any manner of a civil action; (3) participating in a contract; (4) the right to own property; or (5) the ability to declare bankruptcy.

prohibits corporation considered person federal law purpose including voting running office donating funds political action candidate provides corporation shall considered person federal law purposes exercising rights process participating manner civil action participating contract right property ability declare bankruptcy


Summary: Keeping American Businesses Competitive Act of 2010 - Amends the Internal Revenue Code to reduce the maximum income tax rate on corporations, including personal service corporations, from 35 to 22%.

keeping american businesses competitive act amends internal revenue code reduce maximum income tax rate corporations including personal service corporations


Summary: Tax Cut Job Creation Act of 2010 - Amends the Internal Revenue Code to reduce the income tax rate for corporations that make charitable contributions to certain tax-exempt educational organizations. Terminates such tax reduction after 2014.

tax cut job creation act amends internal revenue code reduce income tax rate corporations charitable contributions certain tax exempt educational organizations terminates tax reduction


Summary: Tax Cut Job Creation Act of 2010 - Amends the Internal Revenue Code to reduce the income tax rate on certain corporations that make charitable contributions to tax-exempt educational organizations.

tax cut job creation act amends internal revenue code reduce income tax rate certain corporations charitable contributions tax exempt educational organizations


Summary: Small Business Tax Relief Act of 2010 - Repeals the provision of the Patient Protection and Affordable Care Act that amends the Internal Revenue Code to apply to corporations reporting requirements for payments of $600 or more to persons engaged in a trade or business. Amends the Internal Revenue Code, with respect to the taxation of foreign income and the foreign tax credit, to: (1) suspend the recognition of foreign tax credits until the related foreign income is taken into account for U.S. tax purposes; (2) deny a foreign tax credit for foreign income not subject to U.S. taxation due to a covered asset acquisition (defined as an acquisition that results in an increase in tax basis for U.S. tax purposes but not for foreign tax purposes); (3) apply a separate foreign tax credit limitation for each item of income that would be treated as derived from sources within the United States and that would be treated as arising from sources outside the United States under a treaty obligation (and the taxpayer chooses the benefits of such treaty); (4) limit the amount of foreign tax credits that may be claimed by a U.S. domestic corporation with respect to a deemed dividend paid by a foreign subsidiary; (5) prevent a reduction in earnings in profits of a foreign corporation in an acquisition if more than 50% of the dividends arising from such acquisition would not be subject to U.S. taxation or be includible in the earnings and profits of a controlled foreign corporation; (6) treat a foreign corporation as a member of an affiliated group for interest allocation and apportionment purposes if more than 50% of its gross income is effectively connected with a U.S. trade or business and at least 80% of either the vote or value of its outstanding stock is owned directly or indirectly by members of the affiliated group; (7) repeal tax rules exempting foreign source income attributable to the active conduct of a foreign trade or business from tax withholding requirements; (8) treat as income received in the United States amounts received from noncorporate residents or domestic corporations with respect to guarantees and amounts paid by any foreign person if such amounts are connected with income which is effectively connected with the conduct of a trade or business in the United States; and (9) provide that the statute of limitations for assessing tax on certain foreign transactions shall apply only to items related to a failure to provide information to the Internal Revenue Service (IRS) due to reasonable cause and not willful neglect. Amends the Internal Revenue Code to: (1) revise rules for valuing assets in grantor retained annuity trusts to require that the right to receive fixed amounts from an annuity last for a term of not less than 10 years, that such fixed amounts not decrease during the first 10 years of the annuity term, and that the remainder interest have a value greater than zero when transferred; (2) exclude any fuel with an acid number greater than 25 from the definition of "cellulosic biofuel" for purposes of the tax credit for alcohol used as fuel; (3) increase penalties for failure to file correct information returns, for intentional disregard of reporting requirements, and for failure to furnish correct payee statements; and (4) allow nonrecognition of gain in a corporate reorganization for corporations that exchange property solely for stock other than nonqualified preferred stock. Provides for compliance of the budgetary effects of this Act with the Statutory Pay-As-You-Go Act of 2010.

small business tax relief act repeals provision patient_protection affordable care act amends internal_revenue_code apply corporations reporting requirements payments persons engaged trade business amends internal revenue code respect taxation foreign income foreign tax credit suspend recognition foreign tax credits related foreign income taken account tax purposes deny foreign tax credit foreign income subject taxation covered asset acquisition defined acquisition results increase tax basis tax purposes foreign tax purposes apply separate foreign tax credit limitation item income treated derived sources united_states treated arising sources outside united_states treaty obligation taxpayer chooses benefits treaty limit foreign tax credits claimed domestic corporation respect deemed dividend paid foreign subsidiary prevent reduction earnings profits foreign corporation acquisition dividends arising acquisition subject taxation includible earnings profits controlled foreign corporation treat foreign corporation member affiliated group interest allocation apportionment purposes gross income effectively connected trade business vote value outstanding stock owned directly indirectly members affiliated group repeal tax rules exempting foreign source income attributable active conduct foreign trade business tax withholding requirements treat income received united_states amounts received noncorporate residents domestic corporations respect guarantees amounts paid foreign person amounts connected income effectively connected conduct trade business united_states provide statute limitations assessing tax certain foreign transactions shall apply items related failure provide information internal_revenue_service irs reasonable cause willful neglect amends internal revenue code revise rules valuing assets grantor retained annuity trusts require right receive fixed amounts annuity term years fixed amounts decrease years annuity term remainder interest value greater zero transferred exclude fuel acid number greater definition cellulosic biofuel purposes tax credit alcohol fuel increase penalties failure file correct information returns intentional disregard reporting requirements failure furnish correct payee statements allow nonrecognition gain corporate reorganization corporations exchange property solely stock nonqualified preferred stock provides compliance budgetary effects act statutory pay act


Summary: Federal Employees Responsible Investment Act - Provides for the establishment of a Corporate Responsibility Stock Index Fund as an investment option under the Thrift Savings Plan (TSP). Directs the Federal Retirement Thrift Investment Board to select a minimum of one index which is a commonly recognized, passively managed index comprised of stocks based on criteria which shall at a minimum include corporate governance, environmental practices, workplace relations and benefits, product safety and impact, international operations and human rights, involvement with repressive regimes, and community relations. Requires that the index's financial track record be comparable to that of the other options available under TSP. Directs that the Fund be invested in a portfolio which shall be designed such that the percentage of the Fund that is invested in each stock is the same as the percentage determined by dividing the aggregate market value of all shares of that stock by the aggregate market value of all shares of all stocks included in such index.

establishment investment option thrift savings plan tsp directs federal_retirement_thrift_investment_board select minimum index commonly recognized managed index comprised stocks based criteria shall minimum include corporate governance environmental practices workplace relations benefits product safety impact international operations human rights involvement repressive regimes community relations requires index financial track record comparable options available tsp directs fund invested portfolio shall designed percentage fund invested stock percentage determined dividing aggregate market value shares stock aggregate market value shares stocks included index


Summary: Discount Pricing Consumer Protection Act - Amends the Sherman Act to declare that any contract, combination, conspiracy, or agreement setting a minimum price below which a product or service cannot be sold by a retailer, wholesaler, or distributor violates the Act.

discount pricing consumer protection act amends sherman act declare contract combination conspiracy agreement setting minimum price product service sold retailer wholesaler distributor violates act


Summary: Civil Access to Justice Act of 2009 - Amends the Legal Services Corporation Act to reauthorize the Legal Services Corporation (LSC) at increased levels for FY2010-FY2015. Requires the LSC Board of Directors to include at least one individual with financial or audit experience. Eliminates state advisory councils. Requires the LSC to establish: (1) a protocol for the receipt of donations; (2) an audit committee, a finance committee, and a governance and performance review committee; (3) a continuity of operations plan; and (4) an adequate internal control structure and procedures for financial reporting. Requires the LSC to promote recruitment and retention of highly qualified staff members for all grantees, contractees, or recipients of financial assistance through the Pilot Loan Repayment Assistance Program or other appropriate programs. Limits the coverage of prohibited purpose provisions of federal law only to recipient use of funds from the LSC itself. (Thus lifts such restrictions, except those related to abortion litigation, on the use of state and local funds and private donations.) Permits only class action suits arising under established state or federal statutory or established judicial case law. Revises eligibility requirements for LSC grantees and funds recipients, extending specific eligibility to those seeking assistance with matters relating to home foreclosure or mortgage default or delinquency. Requires distribution of LSC funds on the basis of a system of competitive bidding, as well as specific allocations for all geographic areas, Native American communities, and migrant and seasonal farm workers. Prohibits the use of LSC funds to provide legal assistance with respect to: (1) litigation relating to prison conditions; (2) the defense of an individual in a proceeding to evict him or her from a public housing project in connection with a drug offense; or (3) all but certain aliens. Authorizes the LSC to allow use of a portion of the funds provided under the grant or contract to acquire and develop information technology to promote full access to high-quality, efficient legal representation and materials for self-representation. Allows the use of LSC funds to provide legal assistance with respect to any fee-generating case (which is currently prohibited), but only if the recipient's attorney reports on the representation and the amount of fees awarded. Directs the LSC to require an audit of each recipient in accordance with generally accepted auditing standards. Amends the Higher Education Act of 1965 to authorize the Secretary of Education to enter into grants or contracts with accredited law schools in the states for the purpose of paying up to 90% of the costs of expanding or establishing clinical experience programs in such schools.

amends reauthorize legal_services_corporation increased levels fy2010 fy2015 requires directors include individual financial audit experience eliminates state advisory councils requires establish protocol receipt donations audit committee finance committee governance performance review committee continuity operations plan adequate internal control structure procedures financial reporting requires promote recruitment retention highly qualified staff members grantees recipients financial assistance appropriate programs limits coverage prohibited purpose provisions federal law recipient use funds lifts restrictions related abortion litigation use state local funds private donations permits class action suits arising established state federal statutory established judicial case law revises eligibility requirements grantees funds recipients extending specific eligibility seeking assistance matters relating home foreclosure mortgage default delinquency requires distribution funds basis system competitive bidding specific allocations geographic areas native american communities migrant seasonal farm workers prohibits use funds provide legal assistance respect litigation relating prison conditions defense individual proceeding evict public housing project connection drug offense certain aliens authorizes allow use portion funds provided grant contract acquire develop information technology promote access high quality efficient legal representation materials self representation allows use funds provide legal assistance respect fee generating case currently prohibited recipient attorney reports representation fees awarded directs require audit recipient accordance generally accepted auditing standards amends higher education act authorize secretary education enter grants contracts accredited law schools states purpose paying costs expanding establishing clinical experience programs schools


Summary: Excessive Pay Shareholder Approval Act - Amends the Securities Exchange Act of 1934 to prohibit the compensation for an employee of an issuer of securities in any single taxable year from exceeding 100 times the average compensation for services performed by all the issuer's employees during such taxable year. Allows higher compensation only if at least 60% of the shareholders have voted to approve it (through a proxy or consent or authorization for an annual or other meeting of the shareholders, occurring within the preceding 18 months).

excessive pay shareholder securities exchange act prohibit compensation employee issuer securities single taxable year exceeding times average compensation services performed issuer employees taxable year allows higher compensation shareholders voted approve proxy consent authorization annual meeting shareholders occurring preceding months


Summary: Antitrust Criminal Penalties Enforcement and Reform Act of 2004 Extension Act - Amends the Antitrust Criminal Penalty Enhancement and Reform Act of 2004 to extend through June 22, 2010, provisions of that Act limiting civil damages in antitrust enforcement actions involving conduct covered by antitrust leniency agreements.

reform act extension act amends reform act extend june provisions act limiting civil damages antitrust enforcement actions involving conduct covered antitrust agreements


Summary: Ending Excessive Corporate Deductions for Stock Options Act - Amends the Internal Revenue Code to: (1) limit the employer tax deduction for stock options granted to its employees to the value of such options as recorded on the employer's books at the time such options are granted; and (2) apply the $1 million limitation on the employer tax deduction for employee remuneration to stock option compensation.

ending excessive corporate deductions stock options act amends internal revenue code limit employer tax deduction stock options granted employees value options recorded employer books time options granted apply million limitation employer tax deduction employee remuneration stock option compensation


Summary: Investors Rights and Corporate Accountability Act of 2009 - Amends the Securities Exchange Act of 1934 (SEA) to direct the Securities and Exchange Commission (SEC) to apply to all brokers and dealers who provide investment advice to retail clients the fiduciary duty established under the Investment Advisers Act of 1940, including the duty to act solely in the best interest of the customer or client, without regard to the financial or other interest of the broker or dealer providing the advice. Requires the trier of fact to order any person who knowingly violated securities laws to reimburse an issuer (clawback) for: (1) any bonus or other incentive-based or equity-based compensation received from the issuer during the period of the violation; and (2) any profits realized by such person from the sale of securities of the issuer during the period of the violation. Amends the Sarbanes-Oxley Act of 2002 (SOX), with respect to forfeiture of certain bonuses and profits, to authorize a shareholder of an issuer to commence an action on behalf of the issuer if the chief executive officer or the chief financial officer of the issuer has not made the requisite reimbursement (for material noncompliance with any financial reporting requirement) within 90 days after an accounting restatement occurs. Amends the SEA to prescribe requirements for treating the allegations of a confidential source, in a securities fraud action, as giving rise to a strong inference that a defendant acted with the required state of mind. Prohibits specified proxy voting practices by brokers in connection with elections for membership to the board of an issuer's governing body in the absence of instructions from the security's beneficial owner regarding the specific election. Instructs the SEC to promulgate rules: (1) requiring the independence of any adviser retained by the board of directors of an issuer to advise on an executive employment contract or compensation agreement; (2) requiring such adviser to report solely to the board of directors responsible for executive compensation; and (3) prohibiting an issuer from agreeing to indemnify or limit the liability of an adviser. Amends the SEA and the Investment Advisers Act of 1940 to subject to liability for aiding and abetting any person that provides substantial assistance to another person with reckless disregard for whether the substantial assistance is in violation of either Act. Instructs the SEC to direct the national securities exchanges and national securities associations to prohibit listing any security of an issuer that is not in compliance with prohibitions against severance payments to a senior executive officer who is terminated for poor performance (golden parachute).

investors rights corporate accountability act amends securities exchange act sea direct securities_and_exchange_commission sec apply brokers dealers provide investment advice retail clients fiduciary duty established investment advisers act including duty act solely best interest customer client regard financial interest broker dealer providing advice requires trier fact order person knowingly violated securities laws reimburse issuer bonus incentive based equity based compensation received issuer period violation profits realized person sale securities issuer period violation amends sarbanes oxley act sox respect forfeiture certain bonuses profits authorize shareholder issuer commence action behalf issuer chief executive officer chief financial officer issuer requisite reimbursement material noncompliance financial reporting requirement days accounting restatement occurs amends sea prescribe requirements treating allegations confidential source securities fraud action giving rise strong inference defendant acted required state mind prohibits specified proxy voting practices brokers connection elections membership board issuer governing body absence instructions security beneficial owner specific election instructs sec promulgate rules requiring independence adviser retained board directors issuer advise executive employment contract compensation agreement requiring adviser report solely board directors responsible executive compensation prohibiting issuer agreeing indemnify limit liability adviser amends sea investment advisers act subject liability aiding abetting person provides substantial assistance person reckless disregard substantial assistance violation act instructs sec direct national securities exchanges national securities associations prohibit listing security issuer compliance prohibitions severance payments senior executive officer terminated poor performance golden parachute


Summary: S Corporation ESOP Promotion and Expansion Act of 2010 - Amends the Internal Revenue Code to: (1) extend to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an S corporation-sponsored employer stock ownership plan (ESOP); (2) allow a tax deduction for interest incurred on loans to S corporation-sponsored ESOPs for the purchase of employer securities; and (3) transfer liability for payment of estate tax on transfers of employer securities to an S corporation-sponsored ESOP from the estate executor to the ESOP. Directs the Secretary of the Treasury to establish the S Corporation Employee Ownership Assistance Office to foster increased employee ownership of S corporations.

corporation esop promotion expansion act amends internal revenue code extend domestic corporations including corporations provisions allowing deferral tax gain sale employer securities corporation sponsored employer stock ownership plan esop allow tax deduction interest incurred loans corporation sponsored esops purchase employer securities transfer liability payment estate tax transfers employer securities corporation sponsored esop estate esop directs secretary treasury establish s_corporation_employee_ownership_assistance_office foster increased employee ownership corporations


Summary: Amends the Internal Revenue Code to repeal a provision (added by the Patient Protection and Affordable Care Act) that extends to corporations that are not tax-exempt the requirement to report payments of $600 or more.

amends internal revenue code repeal provision added patient_protection affordable care act extends corporations tax exempt requirement report payments


Summary: Amends the Internal Revenue Code to prohibit a reduction under any treaty of the United States of tax withholding for a tax deductible payment made between persons who are members of the same foreign controlled group of entities unless there would be a similar reduction for payments made directly to the foreign parent corporation of such entities.

amends internal revenue code prohibit reduction treaty united_states tax withholding tax deductible payment persons members foreign controlled group entities similar reduction payments directly foreign parent corporation entities


Summary: Small Business Paperwork Mandate Elimination Act of 2011 - Amends the Internal Revenue Code to repeal a provision (added by the Patient Protection and Affordable Care Act) that extends to corporations that are not tax-exempt the requirement to report payments of $600 or more.

small business paperwork mandate elimination act amends internal revenue code repeal provision added patient_protection affordable care act extends corporations tax exempt requirement report payments


Summary: Amends Internal Revenue Code provisions relating to tax-exempt private activity bond financing to exempt from the definition of "private business use" rights to intellectual property created by scientific research conducted by a governmental unit or tax-exempt organization.

amends internal revenue code provisions relating tax exempt private activity bond financing exempt definition private business use rights intellectual property created scientific research conducted governmental unit tax exempt organization


Summary: Competitive Health Insurance Reform Act of 2011 - Amends the McCarran-Ferguson Act to provide that nothing in that Act shall modify, impair, or supersede the operation of any of the antitrust laws with respect to the business of health insurance. Applies prohibitions against using unfair methods of competition to the business of health insurance without regard to whether such business is carried on for profit. Prohibits class action lawsuits on any claim against an insurer for a violation of the McCarran-Ferguson Act, except suits by: (1) the United States or any state, or (2) named individual claimants for their particular injuries.

amends mccarran ferguson act provide act shall modify impair supersede operation antitrust laws respect business health insurance applies prohibitions unfair methods competition business health insurance regard business carried profit prohibits class action lawsuits claim insurer violation mccarran ferguson act suits united_states state named individual claimants particular injuries


Summary: Quality Health Care Coalition Act of 2011 - Exempts health care professionals, including individuals and entities, from federal and state antitrust laws in connection with negotiations with a health plan regarding contract terms under which the professionals provide health care items or services for which plan benefits are provided. Declares that this Act: (1) applies only to health care professionals excluded from the National Labor Relations Act; and (2) does not apply to such negotiations relating to Medicare or Medicaid programs, the Children's Health Insurance Program (CHIP, formerly known as SCHIP), medical and dental care for members of the uniformed services, veterans' medical care, the federal employees health benefits program, or the Indian Health Care Improvement Act.

quality health care coalition act exempts health care professionals including individuals entities federal state antitrust laws connection negotiations health plan contract terms professionals provide health care items services plan benefits provided declares act applies health care professionals excluded national_labor_relations_act apply negotiations relating medicare medicaid programs known schip medical dental care members uniformed services veterans medical care federal employees health benefits program indian_health_care_improvement_act


Summary: Health Insurance Industry Fair Competition Act - Amends the McCarran-Ferguson Act to provide that nothing in that Act shall modify, impair, or supersede the operation of any of the antitrust laws with respect to the business of health insurance. Applies prohibitions against using unfair methods of competition to the business of health insurance without regard to whether such business is carried on for profit.

mccarran ferguson act provide act shall modify impair supersede operation antitrust laws respect business health insurance applies prohibitions unfair methods competition business health insurance regard business carried profit


Summary: Discount Pricing Consumer Protection Act of 2011 - Provides that any agreement setting a price below which a product or service may not be sold by a retailer, wholesaler, or distributor violates the Sherman Act.

discount pricing consumer protection act provides agreement setting price product service sold retailer wholesaler distributor violates sherman act


Summary: Incorporation Transparency and Law Enforcement Assistance Act - Directs the Secretary of the Treasury to: (1) issue regulations requiring corporations and limited liability companies formed in a state that does not have a formation system providing for the disclosure, updating, and verification of beneficial ownership information to file with the Secretary information about their beneficial ownership as required by this Act; and (2) provide such information pursuant to a civil or criminal subpoena or summons from a federal or state agency or a congressional committee or a written request by a federal agency on behalf of another country or by the Financial Crimes Enforcement Network. Sets forth requirements for state formation systems regarding beneficial ownership information, including: (1) the identification of beneficial owners by name, address, and identifying number from a passport or driver's license; and (2) the updating of lists of beneficial owners not later than 60 days after any change in information. Requires retention of such information for five years after a corporation or limited liability company terminates. Authorizes a state that maintains a formal licensing system for formation agents to permit applicants to form a corporation or limited liability company or such a corporation or company to provide such information to such an agent residing in that state instead of to that state directly. Specifies exempt entities, including businesses with more than 20 full-time employees in the United States and over $10 million in gross receipts or sales. Prescribes penalties for: (1) providing false or fraudulent beneficial ownership information; (2) willfully failing to provide complete or updated information; (3) disclosing the existence of a subpoena, summons, or other request for beneficial ownership information, with exceptions; and (4) a formation agent failing to obtain or maintain credible, legible, and updated beneficial ownership information. Requires the Secretary to publish a proposed and final rule to require persons engaged in the business of forming corporations to establish anti-money laundering programs. Requires the Comptroller General to study and report to Congress on: (1) state requirements for the disclosure of beneficial ownership information; (2) whether the lack of such information has impeded investigations into entities suspected of terrorism, money laundering, and other criminal activities; (3) whether the failure to require beneficial ownership information for partnerships and trusts formed or registered in the United States has elicited international criticism and what steps the United States has taken or is planning to take in response; and (4) the effectiveness of incorporation practices implemented under this Act in aiding law enforcement.

incorporation transparency law enforcement assistance act directs secretary treasury issue regulations requiring corporations limited liability companies formed state formation system providing disclosure updating verification beneficial ownership information file secretary information beneficial ownership required act provide information pursuant civil criminal subpoena summons federal state agency congressional committee written request federal agency behalf country financial_crimes_enforcement_network sets forth requirements state formation systems beneficial ownership information including identification beneficial owners address identifying number passport driver license updating lists beneficial owners later days change information requires retention information years corporation limited liability company terminates authorizes state maintains formal licensing system formation agents permit applicants form corporation limited liability company corporation company provide information agent residing state instead state directly specifies exempt entities including businesses time employees united_states million gross receipts sales prescribes penalties providing false fraudulent beneficial ownership information willfully failing provide complete updated information disclosing existence subpoena summons request beneficial ownership information exceptions formation agent failing obtain maintain credible legible updated beneficial ownership information requires secretary publish proposed final rule require persons engaged business forming corporations establish anti money laundering programs requires comptroller general study report congress state requirements disclosure beneficial ownership information lack information impeded investigations entities suspected terrorism money laundering criminal activities failure require beneficial ownership information partnerships trusts formed registered united_states international steps united_states taken planning response effectiveness incorporation practices implemented act aiding law enforcement


Summary: Health Insurance Industry Antitrust Enforcement Act of 2012 - Prohibits the McCarran-Ferguson Act from being construed to permit issuers of health or medical malpractice insurance to engage in any form of price fixing, bid rigging, or market allocations in connection with the conduct of the business of providing health insurance coverage or coverage of medical malpractice claims or actions. Amends such Act to provide that nothing in it shall modify, impair, or supersede the operation of any of the antitrust laws with respect to the business of health insurance. Applies prohibitions against using unfair methods of competition to the business of health insurance without regard to whether such business is carried on for profit.

prohibits mccarran ferguson act construed permit issuers health medical malpractice insurance engage form price fixing bid rigging market allocations connection conduct business providing health insurance coverage coverage medical malpractice claims actions amends act provide shall modify impair supersede operation antitrust laws respect business health insurance applies prohibitions unfair methods competition business health insurance regard business carried profit


Summary: Small Business Paperwork Mandate Elimination Act - Amends the Internal Revenue Code to repeal a provision (added by the Patient Protection and Affordable Care Act) that extends to corporations that are not tax-exempt the requirement to report payments of $600 or more. Rescinds $39 billion of appropriated but unobligated discretionary funds. Exempts unobligated funds of the Department of Defense (DOD) or the Department of Veterans Affairs (VA).  Requires the Director of the Office of Management and Budget (OMB) to determine and identify from which appropriation accounts such rescissions shall apply and report to the Secretary of the Treasury and Congress on such rescissions.

small business paperwork mandate elimination act amends internal revenue code repeal provision added patient_protection affordable care act extends corporations tax exempt requirement report payments rescinds billion appropriated unobligated discretionary funds exempts unobligated funds department_of_defense dod department_of_veterans_affairs requires director office_of_management_and_budget omb determine identify appropriation accounts rescissions shall apply report secretary treasury congress rescissions


Summary: Discount Pricing Consumer Protection Act - Amends the Sherman Act to declare that any contract, combination, conspiracy, or agreement setting a minimum price below which a product or service cannot be sold by a retailer, wholesaler, or distributor violates the Act.

discount pricing consumer protection act amends sherman act declare contract combination conspiracy agreement setting minimum price product service sold retailer wholesaler distributor violates act


Summary: Criminal Antitrust Anti-Retaliation Act - Prohibits discharging or in any other manner discriminating against a whistleblower in terms and conditions of employment because: (1) the whistleblower provided information to the employer or the federal government concerning a violation of antitrust law or another criminal law committed in conjunction with a potential violation of antitrust law; or (2) the whistleblower participated in, or otherwise assisted, an investigation relating to such a violation. Allows a whistleblower who alleges discharge or other discrimination to seek relief: (1) by filing a complaint with the Secretary of Labor; or (2) if the Secretary has not issued a final decision within 180 days of filing such complaint, to bring an action at law or equity. Entitles a whistleblower who prevails in any such action to all relief necessary to make such whistleblower whole.

criminal antitrust anti retaliation act prohibits discharging manner discriminating whistleblower terms conditions employment whistleblower provided information employer federal government concerning violation antitrust law criminal law committed conjunction potential violation antitrust law whistleblower participated assisted investigation relating violation allows whistleblower alleges discharge discrimination seek relief filing complaint secretary labor secretary issued final decision days filing complaint bring action law equity entitles whistleblower prevails action relief necessary whistleblower


Summary: Extends for one year the limited antitrust exemption under the Pandemic and All-Hazards Preparedness Act for participating in meetings and consultations to discuss security countermeasures, qualified countermeasures, or qualified pandemic or epidemic product development.

extends year limited antitrust exemption pandemic hazards preparedness act participating meetings consultations discuss security countermeasures qualified countermeasures qualified pandemic epidemic product development


Summary:
Health Insurance Industry Antitrust Enforcement Act of 2013 - Prohibits the McCarran-Ferguson Act from being construed to permit health insurance issuers or issuers of medical malpractice insurance to engage in any form of price fixing, bid rigging, or market allocations in connection with the conduct of the business of providing health insurance coverage or coverage of medical malpractice claims or actions.

Amends such Act to provide that nothing in it shall modify, impair, or supersede the operation of any of the antitrust laws with respect to the business of health insurance.

Applies prohibitions against using unfair methods of competition to the business of health insurance without regard to whether such business is carried on for profit.

prohibits mccarran ferguson act construed permit health insurance issuers issuers medical malpractice insurance engage form price fixing bid rigging market allocations connection conduct business providing health insurance coverage coverage medical malpractice claims actions amends act provide shall modify impair supersede operation antitrust laws respect business health insurance applies prohibitions unfair methods competition business health insurance regard business carried profit


Summary:
Competitive Health Insurance Act - Amends the McCarran-Ferguson Act to provide that nothing in that Act shall modify, impair, or supersede the operation of any of the antitrust laws with respect to the business of health insurance.

Applies prohibitions against using unfair methods of competition to the business of health insurance without regard to whether such business is carried on for profit.


Summary: Corporate Tax Fairness Act - Amends the Internal Revenue Code, with respect to the taxation of the foreign-source income of domestic corporations, to: (1) eliminate the deferral of tax on the foreign-source income of U.S. corporations for taxable years beginning after December 31, 2013, (2) deny the foreign tax credit to large integrated oil companies that are dual capacity taxpayers, (3) limit the offset of the foreign tax credit to income that is subject to U.S. tax, and (4) treat foreign corporations managed and controlled in the United States as domestic corporations for U.S. tax purposes.

corporate tax fairness act amends internal revenue code respect taxation foreign source income domestic corporations eliminate deferral tax foreign source income corporations taxable years beginning december deny foreign tax credit large integrated oil companies dual capacity taxpayers limit offset foreign tax credit income subject tax treat foreign corporations managed controlled united_states domestic corporations tax purposes


Summary:
Health Insurance Industry Fair Competition Act - Amends the McCarran-Ferguson Act to provide that nothing in that Act shall modify, impair, or supersede the operation of any of the antitrust laws with respect to the business of health insurance.

Applies prohibitions against using unfair methods of competition to the business of health insurance without regard to whether such business is carried on for profit.


Summary: S Corporation Modernization Act of 2013 - Amends the Internal Revenue Code to revise the tax treatment of S corporations by: (1) permanently reducing from 10 to 5 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; (6) allowing ESBTs to claim expanded charitable tax deductions; and (7) making permanent the rule requiring a basis adjustment to stock of an S corporation making charitable contributions of property.

corporation modernization act amends internal revenue code revise tax treatment corporations permanently reducing years period corporation built gains subject tax repealing mandatory termination corporation elections excessive passive investment income allowing corporations increase passive investment income incurring additional tax allowing nonresident aliens potential current beneficiaries electing small business trust esbt allowing individual retirement accounts iras corporation shareholders allowing esbts claim expanded charitable tax deductions making permanent rule requiring basis adjustment stock corporation making charitable contributions property


Summary:
Tax Return Due Date Simplification and Modernization Act of 2013 - Amends the Internal Revenue Code to change tax return due dates for partnerships (from April 15 to March 15, with a six-month extension), S corporations (from March 15 to March 31), and C corporations (from March 15 to April 15).

Requires the Secretary of the Treasury, for taxable years beginning after December 31, 2013, to modify by regulation the due dates for extensions of tax returns for partnerships, trusts and estates, employee benefit plans, tax-exempt organizations, and certain trust funds. Sets a due date of April 15 for the annual information return of a foreign trust with a U.S. owner and for the report of foreign bank and financial accounts (with extensions until October 15).

Extends the automatic extension for corporation income tax returns from three to six months.

tax return date simplification modernization act amends internal revenue code change tax return dates partnerships april march month extension corporations march march corporations march april requires secretary treasury taxable years beginning december modify regulation dates extensions tax returns partnerships trusts estates employee benefit plans tax exempt organizations certain trust funds sets date april annual information return foreign trust owner report foreign bank financial accounts extensions october extends automatic extension corporation income tax returns months


Summary:
Competitive Health Insurance Reform Act of 2013 - Amends the McCarran-Ferguson Act to declare that nothing in that Act shall modify, impair, or supersede the operation of any of the antitrust laws with respect to the business of health insurance, including the business of dental insurance.

Specifically excludes from the business of health (and dental) insurance covered by this Act the business of life insurance (including annuities) or of property or casualty insurance, including but not limited to: (1) accident only, or disability income insurance only, or any combination of them; (2) liability insurance, including supplemental insurance, general liability insurance, and automobile liability insurance; (3) workers' compensation or similar insurance; (4) automobile medical payment insurance; (5) credit-only insurance; (6) insurance coverage for on-site medical clinics; (7) other similar insurance coverage, specified in regulations, under which benefits for medical care are secondary or incidental to other insurance benefits; (8) insurance for long-term care, nursing home care, home health care, community-based care, or any combination of them; (9) insurance coverage only for a specified disease or illness offered as independent, noncoordinated benefits; and (10) hospital indemnity or other fixed indemnity insurance offered as independent, noncoordinated benefits.

Applies prohibitions against using unfair methods of competition to the business of health insurance without regard to whether such business is carried on for profit.

amends mccarran ferguson act declare act shall modify impair supersede operation antitrust laws respect business health insurance including business dental insurance specifically excludes business health dental insurance covered act business life insurance including annuities property casualty insurance including limited accident disability income insurance combination liability insurance including supplemental insurance general liability insurance automobile liability insurance workers compensation similar insurance automobile medical payment insurance credit insurance insurance coverage site medical clinics similar insurance coverage specified regulations benefits medical care secondary incidental insurance benefits insurance long term care nursing home care home health care community based care combination insurance coverage specified disease illness offered independent benefits hospital indemnity fixed indemnity insurance offered independent benefits applies prohibitions unfair methods competition business health insurance regard business carried profit


Summary: Fairness in International Taxation Act - Amends the Internal Revenue Code to prohibit a reduction under any treaty of the United States of tax withholding for a tax deductible payment made between persons who are members of the same foreign controlled group of entities unless there would be a similar reduction for payments made directly to the foreign parent corporation of such entities.

fairness international taxation act amends internal revenue code prohibit reduction treaty united_states tax withholding tax deductible payment persons members foreign controlled group entities similar reduction payments directly foreign parent corporation entities


Summary:
New Fair Deal Consolidating and Eliminating Outdated Subsidies Act of 2013 or New Fair Deal CEO's Act of 2013 - Amends the Federal Agriculture Improvement and Reform Act of 1996 to repeal the sugar price support and production adjustment programs, and terminate sugar marketing quotas and allotments.

Eliminates tariffs on: (1) raw sugar cane, (2) beet sugar, and (3) certain refined sugar.

Repeals the Fish and Seafood Promotion Act of 1986.

Amends federal shipping law to terminate the authority of the Secretary of Commerce or the Administrator of the Maritime Administration to guarantee the payment of principal and interest on direct loans for fisheries.

Repeals: (1) the high-speed rail corridor development program, (2) the authority of the Secretary of Transportation (DOT) (Secretary) under the Railroad Revitalization and Regulatory Reform Act of 1976 to provide direct loans and loan guarantees for railroad rehabilitation and improvement projects, and (3) the Secretary's authority to carry out railroad safety research and development programs.

Repeals the Maritime Guaranteed Loan Program.

Repeals the Secretary's authority to reimburse (subsidize) the Secretary of Agriculture and the Commodity Credit Corporation (CCC) for increased ocean freight and ocean freight differential transportation charges incurred in the export of agricultural commodities and their products.

Terminates: (1) the Appalachian Regional Commission, and (2) the Economic Development Administration (EDA) of the Department of Commerce.

Repeals the Public Works and Economic Development Act of 1965.

Requires the President to take necessary action to conclude the outstanding affairs of each program and activity terminated by this Act.

new fair deal consolidating eliminating outdated subsidies act deal ceo act amends federal_agriculture_improvement reform act repeal sugar price support production adjustment programs terminate sugar marketing quotas allotments eliminates tariffs raw sugar cane beet sugar certain refined sugar repeals fish seafood promotion act amends federal shipping law terminate authority secretary commerce administrator maritime_administration guarantee payment principal interest direct loans fisheries repeals high speed rail corridor development program authority secretary transportation dot secretary railroad revitalization regulatory reform act provide direct loans loan guarantees railroad rehabilitation improvement projects secretary authority carry railroad safety research development programs repeals maritime guaranteed loan program repeals secretary authority reimburse subsidize secretary agriculture commodity_credit_corporation ccc increased ocean freight ocean freight differential transportation charges incurred export agricultural commodities products terminates appalachian_regional_commission economic_development_administration eda department_of_commerce repeals public_works_and_economic_development_act requires president necessary action conclude outstanding affairs program activity terminated act


Summary:
Investor Choice Act of 2013 - Amends the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 to revise the authority of the Securities and Exchange Commission (SEC) to prohibit, or impose conditions or limitations on the use of, agreements that require customers or clients of any broker, dealer, or municipal securities dealer to arbitrate any future dispute between them arising under the federal securities laws, related rules and regulations, or the rules of a self-regulatory organization if it finds that prohibition, imposition of conditions, or limitations are in the public interest and for the protection of investors.

Declares unlawful for a broker, dealer, funding portal, or municipal securities dealer (entities) to enter into, modify, or extend an agreement with customers or clients governing a future dispute between the parties that would mandate arbitration.

Declares likewise unlawful acts by such entities that would restrict, limit, or condition the ability of a customer or client to: (1) select or designate a forum for dispute resolution, or (2) pursue a claim relating to a dispute in an individual or representative capacity or on a class action or consolidated basis.

investor choice act amends securities exchange act investment advisers act revise authority securities_and_exchange_commission sec prohibit impose conditions limitations use agreements require customers clients broker dealer municipal securities dealer arbitrate future dispute arising federal securities laws related rules regulations rules self regulatory organization finds prohibition imposition conditions limitations public interest protection investors declares unlawful broker dealer funding portal municipal securities dealer entities enter modify extend agreement customers clients governing future dispute parties mandate arbitration declares likewise unlawful acts entities restrict limit condition ability customer client select designate forum dispute resolution pursue claim relating dispute individual representative capacity class action consolidated basis


Summary:
Quality Health Care Coalition Act of 2014 - Exempts health care professionals, including individuals and entities, from federal and state antitrust laws in connection with negotiations with a health plan regarding contract terms under which the professionals provide health care items or services for which plan benefits are provided.

Declares that this Act: (1) applies only to health care professionals excluded from the National Labor Relations Act; and (2) does not apply to such negotiations relating to Medicare or Medicaid programs, the Children's Health Insurance Program (CHIP, formerly known as SCHIP), medical and dental care for members of the uniformed services, veterans' medical care, the federal employees health benefits program, or the Indian Health Care Improvement Act.

quality health care coalition act exempts health care professionals including individuals entities federal state antitrust laws connection negotiations health plan contract terms professionals provide health care items services plan benefits provided declares act applies health care professionals excluded national_labor_relations_act apply negotiations relating medicare medicaid programs known schip medical dental care members uniformed services veterans medical care federal employees health benefits program indian_health_care_improvement_act


Summary:
S Corporation Permanent Tax Relief Act of 2014 - Amends the Internal Revenue Code, with respect to the taxation of S corporations, to make permanent: (1) the reduction of the period (10 to 5 years) during which the built-in gains of such corporations are subject to tax, and (2) the rule requiring an adjustment to the basis of an shareholder's stock in an S corporation that makes tax deductible contributions of appreciated property.

Prohibits the entry of the budgetary effects of this Act on any PAYGO (Pay As You Go) scorecard.

corporation permanent tax relief act amends internal revenue code respect taxation corporations permanent reduction period years built gains corporations subject tax rule requiring adjustment basis shareholder stock corporation makes tax deductible contributions appreciated property prohibits entry budgetary effects act paygo pay scorecard


Summary: Permanent S Corporation Charitable Contributions Act of 2014 - Amends the Internal Revenue Code to make permanent the tax rule requiring an adjustment to the basis of a shareholder's stock in an S corporation that makes tax deductible charitable contributions of appreciated property in taxable years beginning after 2013.

amends internal revenue code permanent tax rule requiring adjustment basis shareholder stock corporation makes tax deductible charitable contributions appreciated property taxable years beginning


Summary: Stop Corporate Inversions Act of 2014 - Amends the Internal Revenue Code to revise rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States) to provide that a foreign corporation that acquires the properties of a U.S. corporation or partnership after May 8, 2014, shall be treated as an inverted corporation and thus subject to U.S. taxation if, after such acquisition: (1) it holds more than 50% of the stock of the new entity (expanded affiliated group), or (2) the management or control of the new entity occurs primarily within the United States and the new entity has significant domestic business activities.

stop corporate act amends internal revenue code revise rules taxation inverted corporations corporations acquire foreign companies reincorporate foreign jurisdiction income tax rates lower united_states provide foreign corporation acquires properties corporation partnership shall treated inverted corporation subject taxation acquisition holds stock new entity expanded affiliated group management control new entity occurs primarily united_states new entity significant domestic business activities


Summary:
Medical Bankruptcy Fairness Act of 2014 - Amends federal bankruptcy law to cite circumstances under which a medically distressed debtor may elect to exempt from the property of the estate in bankruptcy up to $250,000 of the debtor's aggregate interest in: (1) specified real or personal property that the debtor (or debtor's dependent) uses as a residence, (2) a cooperative that owns the property used as a residence by the debtor or a dependent of the debtor, or (3) a burial plot for the debtor or debtor's dependent.

Applies the same election to certain other property of a medically distressed debtor, including certain retirement funds held in a tax-exempt account.

Declares inapplicable to a medically distressed debtor: (1) certain presumptions that granting relief under Chapter 7 would constitute abuse of Chapter 7, and (2) mandatory court disapproval of a debtor's plan under chapter 13 upon objection by the trustee or the holder of an allowed unsecured claim.

Waives the credit counseling prerequisite for filing for debt relief in the case of a medically distressed debtor.

Permits a medically distressed debtor to discharge in bankruptcy debts for certain educational loans. Requires a debtor who seeks relief as a medically distressed debtor to attest in writing, and under penalty of perjury, that debtor's medical expenses are genuine, and are not specifically incurred to bring the debtor within the meaning of "medically distressed debtor."

medical bankruptcy fairness act amends federal bankruptcy law cite circumstances medically distressed debtor elect exempt property estate bankruptcy debtor aggregate interest specified real personal property debtor debtor dependent uses residence cooperative owns property residence debtor dependent debtor burial plot debtor debtor dependent applies election certain property medically distressed debtor including certain retirement funds held tax exempt account declares inapplicable medically distressed debtor certain presumptions granting relief chapter constitute abuse chapter mandatory court disapproval debtor plan chapter objection trustee holder allowed unsecured claim waives credit counseling prerequisite filing debt relief case medically distressed debtor permits medically distressed debtor discharge bankruptcy debts certain educational loans requires debtor seeks relief medically distressed debtor attest writing penalty perjury debtor medical expenses genuine specifically incurred bring debtor meaning medically distressed debtor


Summary:
Stop Corporate Expatriation and Invest in America's Infrastructure Act of 2014 - Amends the Internal Revenue Code to revise rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States) to provide that a foreign corporation that acquires the properties of a U.S. corporation or partnership after May 8, 2014, shall be treated as an inverted corporation and thus subject to U.S. taxation if, after such acquisition: (1) it holds more than 50% of the stock of the new entity (expanded affiliated group), or (2) the management or control of the new entity occurs primarily within the United States and the new entity has significant domestic business activities.

Authorizes additional appropriations to the Highway Account and Mass Transit Account in the Highway Trust Fund.

stop corporate expatriation invest america infrastructure act amends internal revenue code revise rules taxation inverted corporations corporations acquire foreign companies reincorporate foreign jurisdiction income tax rates lower united_states provide foreign corporation acquires properties corporation partnership shall treated inverted corporation subject taxation acquisition holds stock new entity expanded affiliated group management control new entity occurs primarily united_states new entity significant domestic business activities authorizes additional appropriations highway account highway_trust_fund


Summary: Preventing Termination of Utility Services in Bankruptcy Act of 2014 - Amends federal bankruptcy law, with respect to the prohibition against disruption of utility services to a debtor, to declare that an individual debtor may not be required to furnish assurance of payment if he or she pays, within 20 days after the date of the order for relief, those debts owed to a utility for service during that period, and afterward also pays when due debts owed for service during the pendency of the case in bankruptcy.

preventing termination utility services bankruptcy act amends federal bankruptcy law respect prohibition disruption utility services debtor declare individual debtor required furnish assurance payment pays days date order relief debts owed utility service period pays debts owed service pendency case bankruptcy


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

Standard Merger and Acquisition Reviews Through Equal Rules Act of 2014 - Amends the Clayton Act with respect to actions brought by the Attorney General for violations of antitrust laws. Requires the Federal Trade Commission (FTC), but only under the Clayton Act, to exercise the same authority and procedures of the Attorney General specified in the Act with respect to the prohibition against acquisition by one corporation of the stock of another (merger) that may substantially lessen competition or tend to create a monopoly.

Amends the Federal Trade Commission Act (FTCA) to exclude proposed mergers, acquisitions, joint ventures, or similar transactions from FTC proceedings.

Grants jurisdiction to the U.S. district courts to issue writs of mandamus commanding compliance with the FTCA or any FTC order, if the FTC applies to such courts with respect to any activity related to consummation of a merger, acquisition, joint venture, or similar transaction that results in an unfair method of competition.

measure amended introduced summary version repeated standard merger acquisition reviews equal rules act amends clayton act respect actions brought attorney general violations antitrust laws requires federal_trade_commission ftc clayton act exercise authority procedures attorney general specified act respect prohibition acquisition corporation stock merger substantially lessen competition tend create monopoly amends federal_trade_commission act ftca exclude proposed mergers acquisitions joint ventures similar transactions ftc proceedings grants jurisdiction district courts issue writs commanding compliance ftca ftc order ftc applies courts respect activity related consummation merger acquisition joint venture similar transaction results unfair method competition