Search Results: keywords:"effective date"

  • H. R. 9223 — To amend title 11, United States Code, to prohibit nonconsensual release of a nondebtor entity’s liability to an entity other than the debtor, and for other purposes.
    Status:Introduced in House
    Words:1,960

    H.R. 9223 aims to amend the U.S. Bankruptcy Code to prevent courts from discharging or altering the liabilities of entities that are not debtors without their consent. It also restricts courts from staying or blocking legal actions involving nondebtors unless certain conditions are met....

    Simple Explanation

    This bill wants to make sure that when someone owes money and goes to court to sort it out, the court can't just change or erase what other people who don't owe money have to do unless those people say it's okay. It also wants to make rules clear about who can be stopped from doing things by the court when they're not the ones who owe money.

  • H. R. 8938 — To amend the Internal Revenue Code of 1986 to exclude overtime compensation from gross income for purposes of the income tax.
    Status:Introduced in House
    Words:285

    H.R. 8938, known as the “Keep Every Extra Penny Act of 2024,” proposes an amendment to the Internal Revenue Code of 1986. The bill aims to exclude overtime pay from being considered as part of an individual's gross income for income tax purposes. This means that when...

    Simple Explanation

    H.R. 8938 is about changing the rules so that when people work extra hours and earn more money, the extra money they make won't be counted when figuring out how much tax they need to pay. So, if someone works a lot of overtime, they might end up paying less in taxes.

  • H. R. 8724 — To amend the Food and Nutrition Act of 2008 to allow States to waive certain administrative requirements for recertification, and for other purposes.
    Status:Introduced in House
    Words:369

    H. R. 8724 proposes changes to the Food and Nutrition Act of 2008 to enable U.S. states to bypass certain administrative requirements during the recertification process for the Supplemental Nutrition Assistance Program (SNAP). The bill allows state agencies to skip mandatory...

    Simple Explanation

    The bill wants to make it easier for people getting help with buying food to renew their application without having to do an interview each time. If they do need an interview, they can choose how they want to do it, like talking on the phone or using a computer, to make it less tricky.

  • H. R. 6757 — To amend the Internal Revenue Code of 1986 to permit the rollover contributions from Roth IRAs to designated Roth accounts.
    Status:Introduced in House
    Words:449

    H.R. 6757 proposes changes to the Internal Revenue Code of 1986 to allow Roth IRA funds to be transferred directly into designated Roth accounts through a trustee-to-trustee transfer. It specifies how these transfers are treated for tax purposes, ensuring they qualify as...

    Simple Explanation

    H.R. 6757 wants to allow people to move money straight from one type of savings account called a Roth IRA to another, called a designated Roth account, kind of like moving toys from one toy box to another, without causing any trouble with the rules.

  • S. 5480 — To repeal the debt ceiling, and for other purposes.
    Status:Introduced in Senate
    Words:898

    The bill S. 5480, titled the "End the Threat of Default Act of 2024," proposes to eliminate the federal debt ceiling, which is currently a legal limit on the amount of money the United States government can borrow. The bill would repeal the relevant section of the U.S. Code...

    Simple Explanation

    The bill wants to stop having a limit on how much money the government can borrow, so it can always pay for what it needs without worrying about hitting a borrowing cap. It also makes sure that rules are clear for handling special funds when they can't borrow more money just yet.

  • S. 3806 — To amend the Food and Nutrition Act of 2008 to improve the cost of living adjustment exclusion from income under the supplemental nutrition assistance program, and for other purposes.
    Status:Introduced in Senate
    Words:342

    S. 3806, titled the “COLAs Don’t Count Act of 2024,” seeks to change how certain cost of living adjustments (COLAs) are treated under the Supplemental Nutrition Assistance Program (SNAP). The bill proposes amending the Food and Nutrition Act of 2008 by altering the date...

    Simple Explanation

    The "COLAs Don’t Count Act of 2024" is a plan to change how people get help with food costs, making sure money they get from cost of living increases, like some Social Security payments, isn't counted as income, which might help them get more food assistance.

  • S. 2492 — To amend title II of the Social Security Act to improve coordination between the Do Not Pay working system and Federal and State agencies authorized to use the system.
    Status:Reported to Senate
    Words:911

    S. 2492 aims to improve the coordination between the "Do Not Pay" working system and federal and state agencies to prevent improper payments to deceased individuals. The bill proposes amendments to the Social Security Act, specifically updating procedures to allow the sharing...

    Simple Explanation

    S. 2492 wants to help the government stop sending money to people who have passed away by making sure different parts of the government can talk to each other better about who is still alive.

  • S. 2233 — To ban the sale of products with a high concentration of sodium nitrite to individuals, and for other purposes.
    Status:Reported to Senate
    Words:793

    S. 2233, titled the “Youth Poisoning Protection Act,” aims to ban the sale of products with a high concentration of sodium nitrite to individuals. Products containing 10% or more by weight of sodium nitrite are deemed hazardous under the Consumer Product Safety Act. The bill...

    Simple Explanation

    S. 2233 is a new rule that wants to stop people from buying certain products with too much of a chemical called sodium nitrite, but it still allows using it for some jobs like making food or medicine. This rule will start working 90 days after it becomes official.

  • S. 4053 — To prohibit the sale, lease, or loan of used motor vehicles with open recalls to consumers by auto dealers.
    Status:Introduced in Senate
    Words:1,200

    S. 4053 aims to prevent auto dealers from selling, leasing, or loaning used motor vehicles that have open recalls to consumers. The bill requires manufacturers to reimburse dealers if a remedy for the recalled vehicle is unavailable, up to the vehicle's fair market value....

    Simple Explanation

    S. 4053 is a rule that says car dealers can't sell, rent, or lend cars that need fixing because of safety problems (called recalls). If the car can't be fixed on time, the company that made it must pay the dealer what the car is worth.

  • H. R. 7905 — To prohibit States from imposing a tax on the retail sale of menstrual products.
    Status:Introduced in House
    Words:427

    H.R. 7905, also known as the "Stop Taxes Against Menstrual Products Act of 2024" or "STAMP Act of 2024," seeks to make it illegal for any U.S. state or local government to impose a tax on the retail sale of menstrual products. This includes items such as sanitary napkins,...

    Simple Explanation

    This bill, called the "STAMP Act of 2024," says that places in the U.S. can't charge extra money, like a tax, when someone buys things they need for their period, like pads or tampons.