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China-U.S. Trade Issues
This report discusses the U.S.-China economic relationship and China's rapid expansion as a global economic market, both with respect to the current global economic crisis. It also examines major U.S.-China trade issues and related legislation.
Millennium Challenge Corporation
This report discusses the Millennium Challenge Corporation (MCC) which provides economic assistance through a competitive selection process to developing nations that demonstrate positive performance in three areas: ruling justly, investing in people, and fostering economic freedom.
Brazil in Crisis
This report briefly examines the political situation and discusses public opinion regarding the Rousseff Administration.
Brazil in Crisis
This report examines the current political and economic climate in Brazil, which is in the midst of severe economic and political crises that are closely intertwined and unlikely to be resolved quickly.
Economic Development Administration: FY2016 Appropriations
This report discusses budget issues for the Economic Development Administration (EDA), which was created pursuant to the enactment of the Public Works and Economic Development Act of 1965, with the objective of fostering growth in economically distressed areas characterized by high levels of unemployment and low per-capita income levels.
Honduras: Background and U.S. Relations
This report discusses various domestic issues in Honduras, including current political, economic and security conditions. It also examines the implications for U.S. policy.
Federal Reserve: Oversight and Disclosure Issues
This report provides an overview of existing Federal Reserve (Fed) oversight and disclosure practices, highlighting recent legislative changes and proposals. It also considers the potential impact of greater oversight and disclosure on the Fed's independence and its ability to achieve its macroeconomic and financial stability goals.
Federal Reserve: Legislation in the 114th Congress
This report analyzes provisions and the policy debate surrounding a number of bills that would affect the Federal Reserve's (Fed's) monetary policy, lender of last resort, and regulatory responsibilities. The Fed's responsibilities as the nation's central bank fall into four main categories: monetary policy, provision of emergency liquidity through the lender of last resort function, supervision of certain types of banks and other financial firms for safety and soundness, and provision of payment system services to financial firms and the government.
Economic Growth Slower Than Previous 10 Expansions
This report briefly discusses the recent pace of economic growth in the United States. A recent poll found that nearly 60% of U.S. adults believe that the economy is performing poorly. Although this expansion is already the fourth longest since the 1850's (34 quarters to date), the slow pace of economic growth means the overall gains have been relatively small.
The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA; H.R. 5278, S. 2328)
The report presents a brief description of Puerto Rico, its relationship with the federal government, and its fiscal challenges. It also includes a short overview of bill H.R. 5278, with a comparison with previous legislation involving control boards and a section-by-section description of the bill.
Peru: Politics, Economy, and Elections in Brief
This report provides an overview of Peru's political, economic, and security conditions and of U.S.-Peruvian relations.
Millennium Challenge Corporation
This report discusses the Millennium Challenge Corporation (MCC) which provides economic assistance through a competitive selection process to developing nations that demonstrate positive performance in three areas: ruling justly, investing in people, and fostering economic freedom.
Brazil in Crisis
Brazil is in the midst of deepening economic and political crises that are closely intertwined and unlikely to be resolved quickly. This report briefly examines the political situation and discusses public opinion regarding the Rousseff Administration.
Negative Interest Rates
In a few foreign economies, including the euro area, Switzerland, and Japan, central banks have purposely set some short-term interest rates used to carry out monetary policy at negative levels. This report briefly discusses the reasons behind this phenomenon.
Tracking Current Federal Legislation and Regulations: A Guide to Basic Sources
This report introduces selected basic sources that are useful in obtaining background information or specific facts on the status of federal legislative or regulatory initiatives. It includes telephone, online, and media sources are included, as well as pertinent directories, such as those of organizations that track areas of interest. Annotations describing each source's contents and organization are included so that researchers can select those that most closely fit their needs. Internet addresses usually provide information about the items, rather than access to them.
Federal Reserve: Emergency Lending
This report provides a review of the history of Section 13(3) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act; P.L. 111-203), including its use in 2008. It discusses the Federal Reserve's (Fed's) authority under Section 13(3) before and after the Dodd-Frank Act as well as policy issues and legislation to amend Section 13(3).
Federal Reserve Issues Final Rule on Emergency Lending
This report briefly discusses major provisions of the Federal Reserve's (Fed's) Final Rule, governing emergency lending under Section 13(3) of the Federal Reserve Act and implementing Section 1101 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank).
Broadband Internet Regulation and Access: Background and Issues
This report discusses broadband Internet, examining what it is and the various technologies that allow for its transmission. Broadband or high-speed Internet access is provided by technologies that give users the ability to send and receive data at volumes and speeds far greater than access over traditional telephone lines; it also provides a continuous, "always on" connection (no need to dial-up) and a "twoway" capability, that is, the ability to both receive (download) and transmit (upload) data at high speeds.
Federal Reserve: Oversight and Disclosure Issues
This report provides an overview of existing Federal Reserve (Fed) oversight and disclosure practices. It also considers the potential impact of greater oversight and disclosure on the Fed's independence and its ability to achieve its macroeconomic and financial stability goals.
Space Launch Vehicles: Government Activities, Commercial Competition, and Satellite Exports
This report various sides of the debate related to domestic launch services, such as satellite export issues, the development of new launch vehicles by the private sector, and whether tax incentives or loan guarantees should be created for companies attempting to develop lower-cost launch vehicles.
Methods of Estimating the Total Cost of Federal Regulations
This report analyzes these two approaches for estimating the total cost of federal regulations. In discussing each approach, the report provides an overview of the advantages, a brief case study, and an analysis of the potential issues or inherent problems using the case study to illustrate the concepts.
Federal Reserve: Oversight and Disclosure Issues
This report provides an overview of existing Federal Reserve (Fed) oversight and disclosure practices. It also considers the potential impact of greater oversight and disclosure on the Fed's independence and its ability to achieve its macroeconomic and financial stability goals.
Tracking Current Federal Legislation and Regulations: A Guide to Basic Sources
This report is a guide to basic sources useful in tracking federal legislation and regulations. It has been prepared primarily for the use of constituents who wish to follow the federal government's legislative or regulatory activities at the local level. Brief annotations for the selected printed, telephone, electronic, and related sources describe their scope, focus, and frequency, include publisher contact information, and provide Internet addresses where available.
S. 2557, “Oil and Gas Industry Antitrust Act of 2006”: Brief Legal Analysis
This report analyzes ways to improve antitrust laws through S.557. These include, but are not limited to: mitigating regional shortages of oil petroleum and natural gas products, creating a federal task force to analyze information-sharing in the industry, and make U.S. antitrust laws applicable to the Organization of Petroleum Exporting Countries (OPEC).
Acquisition Services Reorganization at the General Services Administration
This report discusses the reorganization of the General Services Administration (GSA) after the GSA's Inspector General discovered that funds were acquired in a manner not consistent with congressionally authorized procedures. Congressional approval was required for this reorganization due to the replacement of the congressionally authorized fund with a new one.
Economic Recovery: Sustaining U.S. Economic Growth in a Post-Crisis Economy
The 2007-2009 recession was long and deep, and according to several indicators was the most severe economic contraction since the 1930s (but still much less severe than the Great Depression). This report examines the state of the economy in light of the recession.
China-U.S. Trade Issues
This report discusses the U.S.-China economic relationship and China's rapid expansion as a global economic market, both with respect to the current global economic crisis. It also examines major U.S.-China trade issues and related legislation.
China as the World’s “Largest Economy”
Various media have recently reported that China has overtaken the United States to become the world’s largest economy (a position the United States had held at least since 1913), based on estimates of purchasing power parity (PPP) measurements and projections made by the International Monetary Fund (IMF). This report examines the data and its policy implications.
Economic Downturns and Crime
This report examines the relationships between selected variables of economic strength and crime. It begins with an overview of crime rates during times of economic recession in the United States. It then reviews the existing literature in the field analyzing various data sets that examine whether the unemployment rate and foreclosures can be related to increases in the national crime rate.
Economic Slowdown: Issues and Policies
This report first discusses the current state of the economy, including measures that have already been taken by the monetary authorities, and assesses the need for and potential consequences of fiscal stimulus. The second part of the report reviews the proposals discussed during debate on the recently enacted fiscal stimulus, both those adopted and those considered but not adopted.
The Economic Effects of Spending on Homeland Security
One direct result of the terrorist attacks of September 11 is that the cost of domestic security has risen. That increased cost is likely to be in the form of increased outlays on the military, as well as increases in spending for domestic law enforcement, public safety, and private security services. This report briefly discusses the economic effects of this increased cost looks into how security affects GDP.
Tracking Current Federal Legislation and Regulations: A Guide to Basic Sources
This report introduces researchers to selected basic sources that are useful in obtaining background information or specific facts on the status of federal legislative or regulatory initiatives. Printed, telephone, online, and media sources are included, as well as pertinent directories, such as those of organizations that track areas of interest.
Why Has the Economy Become Less Volatile?
The 2001 recession was unusually mild and brief by historical standards. At 120 months, the expansion that preceded it had been the longest in U.S. history. Is this a coincidence? A body of research concludes that it is not. This report discusses several theories for what caused this phenomenon.
Medical Records Privacy: Questions and Answers on the HIPAA Rule
This report discuses the HIPAA privacy rule, which gives patients the right of access to their medical information and prohibits health plans and health care providers from using or disclosing individually identifiable health information without a patient’s written authorization except as expressly permitted or required by the rule.
Broadband Internet Regulation and Access: Background and Issues
This report discusses broadband Internet, examining what it is and the various technologies that allow for its transmission. Broadband or high-speed Internet access is provided by technologies that give users the ability to send and receive data at volumes and speeds far greater than access over traditional telephone lines; it also provides a continuous, "always on" connection (no need to dial-up) and a "two-way" capability, that is, the ability to both receive (download) and transmit (upload) data at high speeds.
North Korea: Economic Sanctions
U.S. economic sanctions are imposed against North Korea for five primary reasons: (1) North Korea is seen as posing a threat to U.S. national security; (2) North Korea is designated by the Secretary of State as a state sponsor or supporter of international terrorism; (3) North Korea is a Marxist-Leninist state, with a Communist government; (4) North Korea has been found by the State Department to have engaged in proliferation of weapons of mass destruction; and (5) North Korea has been found by the President to have detonated a nuclear explosive device. This paper explains the U.S. economic sanctions currently in place, and summarizes recent events as they relate to the potential application of additional restrictions.
ERISA’s Impact on Medical Malpractice and Negligence Claims Against Managed Care Plans
This report examines the Employee Retirement Income Security Act of 1974 (ERISA), which provides a comprehensive federal scheme for the regulation of employee pension and welfare benefit plans offered by employers. While ERISA does not require an employer to offer pension and welfare benefits, it does mandate compliance with its provisions if such benefits are offered. Congress enacted ERISA to eliminate the conflicting and inconsistent regulation of pension and employee welfare benefit plans by state laws. The provisions at issue in the preemption debate are sections 502(a) and 514(a) of ERISA.
Monetary Policy and the Federal Reserve: Current Policy and Conditions
Monetary policy can be defined as any policy relating to the supply of money. Since the agency concerned with the supply of money is the nation’s central bank, the Federal Reserve, monetary policy can also be defined in terms of the directives, policies, statements, and actions of the Federal Reserve, particularly those from its Board of Governors that have an effect on national spending. This report discusses current issues regarding monetary policy.
Economic Development Administration: FY2016 Appropriations
This report discusses funding issues for the Economic Development Administration (EDA), which was created pursuant to the enactment of the Public Works and Economic Development Act of 1965, with the objective of fostering growth in economically distressed areas characterized by high levels of unemployment and low per-capita income levels.
Monetary Policy: Current Policy and Conditions
This report discusses monetary policy, which can also be defined in terms of the directives, policies, statements, and actions of the Federal Reserve, particularly those from its Board of Governors that have an effect on aggregate demand or national spending.
The Debt Limit: History and Recent Increases
This report discusses how the total debt of the federal government can increase, a historical overview of debt limits, and how the current economic slowdown has led to higher deficits and thereby a series of debt limit increases, as well as legislation related to these increases.
Tracking Current Federal Legislation and Regulations: A Guide to Basic Sources
This report introduces selected basic sources that are useful in obtaining background information or specific facts on the status of federal legislative or regulatory initiatives. It includes telephone, online, and media sources are included, as well as pertinent directories, such as those of organizations that track areas of interest. Annotations describing each source's contents and organization are included so that researchers can select those that most closely fit their needs. Internet addresses usually provide information about the items, rather than access to them.
Tracking Current Federal Legislation and Regulations: A Guide to Basic Sources
This report introduces selected basic sources that are useful in obtaining background information or specific facts on the status of federal legislative or regulatory initiatives. It includes telephone, online, and media sources are included, as well as pertinent directories, such as those of organizations that track areas of interest. Annotations describing each source's contents and organization are included so that researchers can select those that most closely fit their needs. Internet addresses usually provide information about the items, rather than access to them.
Bovine Spongiform Encephalopathy (BSE, or “Mad Cow Disease”): Current and Proposed Safeguards
This report presents an overview of bovine spongiform encephalopathy (BSE, or “mad cow disease”) in the United States. Shortly after the first case of BSE was announced, U.S. Department of Agriculture (USDA) and other officials announced measures to improve existing safeguards against the introduction and spread of BSE. This report discusses trade restrictions, the live-stock “feed ban”, as well as the BSE surveillance and testing in cattle.
Iraq's Economy: Past, Present, Future
This report discusses the government of Iraq and its active role in stimulating and directing the Iraqi economy.This report identifies issues to be addressed before Iraq can participate normally in the world economy.
Russia: Primakov’s Economic Policy Dilemma and U.S. Interests
This report focuses on two divergent scenarios faced by Russia in the wake of its financial crisis of August 1998. Prime Minister Yevgenii Primakov expected either a vicious cycle of decline and possible collapse in government or an economic management scenario following outlines of an agreed action program that makes imperative fundamental changes in the Russian financial system. The success or failure of Russia in dealing with this crisis may have more effect on the pursuit of peace and prosperity by the United States than any other foreign policy crisis.
Energy Policy: 112th Congress Issues and Legislative Proposals
This report discusses the energy policy in the United States, which has focused on three major goals: assuring a secure supply of energy, keeping energy costs low, and protecting the environment.
Broadband Internet Regulation and Access: Background and Issues
This is one part in the series of reports that provide a background and analysis, and most recent developments regarding broadband or high-speed Internet access. The report starts out by answering questions; what is broadband and why is it important? This report also discusses broadband technologies, the status of broadband deployment and the related policy issues, as well as the legislation in congress.
The Financial Outlook for Social Security and Medicare
This report provides an overview of the financial outlook for Social Security and Medicare programs.
Lobbying Regulations on Non-Profit Organizations
This report is intended to provide a brief overview of the various potential restrictions or regulations on lobbying activities of non-profit organizations. Public charities, social welfare organizations, religious groups, and other non-profit, tax-exempt organizations are not generally prohibited from engaging in all lobbying or public policy advocacy merely because of their tax-exempt status.
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