Search Results: keywords:"financial reporting"

  • H. R. 8689 — An Act To amend title 49, United States Code, to require Amtrak to include information on base pay and bonus compensation of certain Amtrak executives, and for other purposes.
    Status:Engrossed in House
    Words:265

    H.R. 8689, known as the “Amtrak Executive Bonus Disclosure Act,” aims to increase transparency regarding compensation for Amtrak executives. The bill proposes amendments to title 49 of the United States Code, requiring Amtrak to publicly disclose the annual base pay and bonus...

    Simple Explanation

    H.R. 8689, or the "Amtrak Executive Bonus Disclosure Act," is a rule that says Amtrak has to tell everyone how much money their top bosses make each year and why they get extra bonus money. This helps people understand if those bosses are being paid fairly.

  • H. R. 7524 — An Act To amend title 40, United States Code, to require the submission of reports on certain information technology services funds to Congress before expenditures may be made, and for other purposes.
    Status:Reported to Senate
    Words:937

    H.R. 7524, also known as the "GSA Technology Accountability Act," aims to increase transparency in the use of certain government technology funds. It requires the Administrator of General Services to submit annual reports to Congress, detailing how federal citizen services...

    Simple Explanation

    The "GSA Technology Accountability Act" wants to make sure that the government tells Congress how it spends money on important tech projects each year. It's like making sure everyone knows how their toys are bought and what fun things they can do with them!

  • H. R. 8149 — To amend the Internal Revenue Code of 1986 to clarify the tax treatment of digital asset rewards.
    Status:Introduced in House
    Words:439

    H.R. 8149 is a bill that seeks to amend the Internal Revenue Code of 1986 to clarify how digital asset rewards are taxed. The bill specifies that when a person receives a digital asset reward through a blockchain consensus mechanism, they will not have to pay taxes on it at that time....

    Simple Explanation

    H.R. 8149 is a bill that says people don't have to pay taxes right away when they earn digital coins by helping with blockchain puzzles, but they will pay taxes when they sell those digital coins.

  • S. 4297 — To repeal the Corporate Transparency Act.
    Status:Introduced in Senate
    Words:456

    S. 4297 seeks to repeal the Corporate Transparency Act, which was part of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021. This bill proposes removing all changes brought about by the Corporate Transparency Act, including specific...

    Simple Explanation

    S. 4297 wants to cancel a law that helps keep track of companies to make sure they aren’t hiding bad stuff like money for bad guys. It’s like deciding not to make kids keep their rooms clean, which might seem fun, but could also lead to messy problems!

  • S. 4701 — To amend the Higher Education Act of 1965 regarding proprietary institutions of higher education in order to protect students and taxpayers.
    Status:Introduced in Senate
    Words:2,410

    S. 4701 seeks to change the Higher Education Act of 1965 to better protect students and taxpayers by focusing on how proprietary (for-profit) colleges manage their revenue. It introduces the "85/15 rule," requiring these colleges to earn at least 15% of their revenue from...

    Simple Explanation

    S. 4701 is a rule to make sure that for-profit colleges get enough of their money from places other than the government, so that students and taxpayers are better protected. It says these colleges need to get at least 15% of their money from different sources, not just from government funds.

  • S. 4700 — To modify the governmentwide financial management plan, and for other purposes.
    Status:Reported to Senate
    Words:6,863

    The "Improving Federal Financial Management Act," as described in bill S. 4700, seeks to enhance the financial management across the U.S. federal government. It proposes modifications to existing laws to establish a 4-year governmentwide financial management plan, replacing the previous...

    Simple Explanation

    The bill is like a new rulebook to help the U.S. government keep track of its money better. It wants the people in charge of the money to plan smarter, make reports easier to read, and share what they find to keep everything clear and fair.

  • H. R. 4693 — An Act To provide that the Federal Reports Elimination and Sunset Act of 1995 does not apply to certain reports required to be submitted by the Tennessee Valley Authority, and for other purposes.
    💰
    Status:Referred in Senate
    Words:394

    The Tennessee Valley Authority Salary Transparency Act ensures that a specific law from 1995, which eliminated certain federal reports, does not affect the reports required by the Tennessee Valley Authority (TVA). The bill mandates that TVA disclose the total number of...

    Simple Explanation

    The bill wants the Tennessee Valley Authority (TVA) to tell Congress about their high-paid workers and what they do, but it keeps some of this information private from the public. This helps check how TVA spends money on salaries, but it keeps the details secret from everyone else.

  • H. R. 8228 — To amend the Sarbanes-Oxley Act of 2002 to transfer the Public Company Accounting Oversight Board to the Securities and Exchange Commission, and for other purposes.
    Status:Introduced in House
    Words:2,469

    H.R. 8228 is a bill that aims to change the Sarbanes-Oxley Act of 2002 by moving the responsibilities of the Public Company Accounting Oversight Board to the Securities and Exchange Commission (SEC). The bill proposes creating a new entity within the SEC called the Office of Public Accounting...

    Simple Explanation

    H.R. 8228 is a bill that wants to move a group that checks if companies are telling the truth about their money from its own place to join another bigger group that watches over businesses. This change aims to make things less complicated but might have some tricky parts to figure out.