Search Results for keywords:"financial stability"

Search Results: keywords:"financial stability"

H. R. 9958 — To amend the Internal Revenue Code of 1986 to permit certain transactions between individually directed accounts and account holders and their families relating to residential property and to increase the amount of loans excepted from certain rules pertaining to loans from qualified employer plans to the plan beneficiary.
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October 11, 2024
Status:Introduced in House
Congress:118
Words:495
The H.R. 9958, also called the "Home Ownership, Mortgage, and Equity Savings Act of 2024," seeks to amend the Internal Revenue Code. It allows individually directed accounts to conduct certain transactions involving a plan's assets and residential property for use by the...
Simple Explanation
The bill wants to let people use some of their savings meant for retirement to help buy a home for themselves or their family, and it also allows them to borrow more money—up to $50,000—than they could before to buy a house.
H. R. 8288 — To require the Board of Governors of the Federal Reserve System to carry out a review of discount window operations, and for other purposes.
May 08, 2024
Status:Introduced in House
Congress:118
Words:1,119
H. R. 8288 requires the Board of Governors of the Federal Reserve System to review how the discount window lending programs work, focusing on their effectiveness, technology, and cybersecurity. The bill mandates public participation in the review process and requires the...
Simple Explanation
The bill wants a group of people who help with money in the country, called the Federal Reserve, to check how they lend money to banks to see if they're doing a good job. They need to tell everyone what they find and how they can do better, but they have to keep some secrets safe so nothing bad happens.
H. R. 7639 — To establish a National Advisory Council on Unpaid School Meal Debt in Child Nutrition Programs, and for other purposes.
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March 12, 2024
Status:Introduced in House
Congress:118
Words:1,111
H.R. 7639 proposes the creation of a National Advisory Council on Unpaid School Meal Debt within Child Nutrition Programs. The council's main role is to offer recommendations to the Food and Nutrition Service on how to handle unpaid school meal fees without stigmatizing...
Simple Explanation
H.R. 7639 is about creating a group of people to help find better ways to deal with unpaid lunch money in schools, so kids don't feel bad if they can't pay, and schools can still provide meals without losing money. The group will meet and talk to come up with good ideas and then stop working after they share their tips with the people in charge.
H. R. 6993 — To allow individuals to choose to opt out of the Medicare part A benefit.
January 12, 2024
Status:Introduced in House
Congress:118
Words:311
H. R. 6993, known as the "Retirement Freedom Act," proposes allowing individuals to opt out of receiving Medicare Part A benefits. If someone chooses to opt out, they can later decide to opt back in without facing any penalties. The bill ensures that opting out of Medicare...
Simple Explanation
The bill wants to let people decide if they don't want to use a health program called Medicare Part A when they retire. If they change their minds later, they can get back in without any trouble.
H. R. 7902 — To support a review of surcharge policy at the International Monetary Fund.
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April 09, 2024
Status:Introduced in House
Congress:118
Words:1,322
H.R. 7902, known as the "Stop Onerous Surcharges Act," directs the U.S. to push for a review of the International Monetary Fund's (IMF) surcharge policy. The bill highlights concerns that these surcharges, which significantly raise borrowing costs for countries, may worsen financial burdens,...
Simple Explanation
H.R. 7902 wants the U.S. to ask the International Monetary Fund (IMF) to look at its extra fees, called surcharges, which make it more expensive for countries to borrow money. These fees can be tough on countries during bad times, and the bill suggests checking if they're fair and maybe stopping them for a bit.
H. J. RES. 125 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to Principles for Climate-Related Financial Risk Management for Large Financial Institutions.
September 09, 2024
Status:Reported in House
Congress:118
Words:403
H. J. RES. 125 is a joint resolution that aims to block a rule set by the Board of Governors of the Federal Reserve System. This rule pertains to how large financial institutions should manage risks related to climate change. Congress expresses its disapproval of this rule,...
Simple Explanation
In simple terms, H. J. RES. 125 is about Congress saying "no" to a rule that wanted big banks to think about risks from climate change. If Congress agrees, the rule will not count anymore, but it's not clear what will happen instead.
H. R. 7368 — To amend title XVIII of the Social Security Act to provide for the application of Medicare secondary payer rules to certain workers’ compensation settlement agreements and qualified Medicare set-aside provisions.
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February 15, 2024
Status:Introduced in House
Congress:118
Words:3,003
H.R. 7368, or the "Coordination Of Medicare Payments and Workers’ Compensation Act" (COMP Act), aims to amend the Social Security Act to ensure that Medicare’s secondary payer rules apply to certain workers' compensation settlements. The bill introduces definitions and provisions for how...
Simple Explanation
This bill is about making sure that when someone gets hurt at work and gets money to pay for their medical bills, Medicare doesn't pay the same bills twice. It's like making sure if one friend promises to buy candy, the other friend doesn't have to pay again for the same candy.
S. 5301 — To amend title 38, United States Code, to prohibit the consideration of childcare expenses in the calculation of debt-to-income ratios for Department of Veterans Affairs housing loans, and for other purposes.
November 12, 2024
Status:Introduced in Senate
Congress:118
Words:617
S. 5301 is a bill introduced in the Senate aimed at making it easier for veterans to qualify for home loans from the Department of Veterans Affairs. It amends existing laws to ensure that childcare expenses are not included when calculating a veteran’s debt-to-income ratio,...
Simple Explanation
S. 5301 is a bill that wants to make it easier for people who served in the military to get a house. It says we shouldn't count the money people spend on daycare or babysitters when figuring out if they can afford a house.
S. 4463 — To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.
June 05, 2024
Status:Introduced in Senate
Congress:118
Words:754
S. 4463, known as the "Federal Reserve Board Abolition Act," proposes to abolish the Board of Governors of the Federal Reserve System and the Federal Reserve banks, and repeal the Federal Reserve Act one year after the bill's enactment. During this time, the Chairman of the...
Simple Explanation
S. 4463 wants to close down a big money management system in the U.S. called the Federal Reserve and sell all their things to give the money to the government, but this might make it hard to keep the economy working smoothly.
H. R. 8480 — To require agencies to update mortgage underwriting programs, guidelines, standards, and systems to require lenders to consider, in the mortgage credit evaluation process, any amounts a borrower has in any brokerage account associated with a cryptocurrency exchange.
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May 21, 2024
Status:Introduced in House
Congress:118
Words:448
H. R. 8480, also known as the “American Homeowner Crypto Modernization Act of 2024,” aims to update mortgage underwriting processes in the United States. The bill requires government agencies to ensure that mortgage lenders consider any U.S. dollar amounts a borrower holds in...
Simple Explanation
The bill wants to make sure that when banks decide if someone can get a mortgage for a house, they also look at how much money the person has in their cryptocurrency accounts, like digital piggy banks. This helps them see all the money someone has, not just what's in the regular bank.
H. R. 4206 — To amend the Financial Stability Act of 2010 to require covered financial institutions to include elements of accumulated other comprehensive income when calculating capital for purposes of meeting capital requirements, and for other purposes.
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November 01, 2024
Status:Reported in House
Congress:118
Words:962
H.R. 4206, known as the “Bank Safety Act of 2024,” proposes changes to the Financial Stability Act of 2010. It mandates that certain financial institutions must include accumulated other comprehensive income (AOCI) in their capital calculations. This bill applies to large...
Simple Explanation
The Bank Safety Act of 2024 asks big banks to show some extra money they earn or lose in a different way to make sure they have enough for safety. It helps everyone know how strong the bank really is with their money plans.
H. R. 6962 — To place the Financial Stability Oversight Council and the Office of Financial Research under the regular appropriations process, to provide for certain quarterly reporting and public notice and comment requirements for the Office of Financial Research, and for other purposes.
January 11, 2024
Status:Introduced in House
Congress:118
Words:1,489
H.R. 6962, known as the "Financial Stability Oversight Council Reform Act," proposes placing the Financial Stability Oversight Council and the Office of Financial Research under the regular appropriations process. It requires these entities to provide quarterly reports on their activities and...
Simple Explanation
This bill wants to make the rules for two money-watching groups more like the usual ones other government groups have. It says they should tell everyone about their plans and spending more often and listen to what people think before making new rules.
H. R. 8337 — To amend the Federal banking laws to improve the safety and soundness of the United States banking system, and for other purposes.
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December 03, 2024
Status:Reported in House
Congress:118
Words:8,542
H.R. 8337 seeks to enhance the safety and soundness of the U.S. banking system by amending various federal banking laws. The bill proposes changes like increasing asset thresholds for regulatory supervision, streamlining the application process for bank operations, and...
Simple Explanation
H.R. 8337 is like trying to make the rules for banks safer and fairer by changing how they are watched and checked, but some people worry that the new rules might help big banks more than the small ones.
H. R. 7057 — To require the Financial Stability Oversight Council to report to Congress annually on the threat illegal immigration poses to the financial stability of the United States and recommendations on mitigating such threat, and for other purposes.
January 18, 2024
Status:Introduced in House
Congress:118
Words:311
H. R. 7057 aims to address the financial impact of illegal immigration on the United States. It requires the Financial Stability Oversight Council to report to Congress each year about the risks illegal immigration might pose to the country's financial stability and to...
Simple Explanation
H.R. 7057 is a plan where the government would check each year to see if people coming to the country without permission are causing money problems for the country, and then share ways to fix any problems they find.
H. R. 8337 — To amend the Federal banking laws to improve the safety and soundness of the United States banking system, and for other purposes.
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May 10, 2024
Status:Introduced in House
Congress:118
Words:8,398
H.R. 8337 aims to amend various Federal banking laws to enhance the safety and soundness of the United States banking system. The bill proposes updates to increase asset thresholds for regulatory measures, streamline and clarify application processes for banks, establish...
Simple Explanation
H.R. 8337 wants to make U.S. banks safer by changing some rules, like increasing the money amount that means a bank needs special checks, and making sure small banks aren't treated the same as big ones. It makes sure banks are checked more clearly and on time, but some of the changes might be tricky for smaller banks.
S. 3937 — To require the appropriate Federal banking agencies to establish a 3-year phase-in period for de novo financial institutions to comply with Federal capital standards, to provide relief for de novo rural community banks, and for other purposes.
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March 14, 2024
Status:Introduced in Senate
Congress:118
Words:1,216
S. 3937 is a bill introduced in the U.S. Senate that seeks to assist new and rural community banks. It proposes a 3-year phase-in period for these banks to meet federal capital requirements, which would help them comply over time rather than immediately. The bill also...
Simple Explanation
This bill is like giving new and small country banks some extra time (three years) to save enough money so they can be safe and strong, kind of like letting someone build up their piggy bank over time instead of doing it all at once.
H. RES. 1574 — Calling for the removal of Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg from his position, effective immediately.
November 15, 2024
Status:Introduced in House
Congress:118
Words:240
H. RES. 1574 is a resolution introduced in the House of Representatives that calls for the immediate removal of Martin J. Gruenberg from his position as Chairman of the Federal Deposit Insurance Corporation (FDIC). The resolution lists several reasons for this call, including allegations of a...
Simple Explanation
H. RES. 1574 is a plan asking to take Martin J. Gruenberg out of his important job because he's not doing it well, which is making things tough for the people who work there and making some banks fail. People in charge think it's not safe for him to keep leading, but they haven't said who could take his place or how this change would happen.
S. 3601 — To amend the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to consider alternative approaches before determining that a U.S. nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System, and for other purposes.
January 17, 2024
Status:Introduced in Senate
Congress:118
Words:727
The Financial Stability Oversight Council Improvement Act of 2024 aims to change how the Financial Stability Oversight Council operates under the Financial Stability Act of 2010. It requires the Council to explore different options before deciding if a U.S. nonbank financial...
Simple Explanation
The Financial Stability Oversight Council Improvement Act of 2024 wants to make sure that important people who watch over U.S. financial companies think about different ways to keep things safe before making big decisions, and it also wants them to tell everyone about their closed-door meetings by sharing the meeting notes.
H. R. 8944 — To direct the Secretary of Education to establish a personal finance education portal on a centralized website of the Department of Education pertaining to Federal financial aid.
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July 08, 2024
Status:Introduced in House
Congress:118
Words:1,233
The bill H.R. 8944, also known as the “Financial Fitness Act,” proposes the creation of a personal finance education portal on the Department of Education's website. This portal aims to provide information on core personal finance topics such as saving, budgeting, investing,...
Simple Explanation
The bill wants to create a special website to teach people about money and saving, like a big online school for money that costs $5 million to make and use for four years. It aims to help everyone learn about things like saving, budgeting, and paying back student loans.

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