Congressional Research Service Reports - 58 Matching Results
Search Results
- IMF Reforms: Issues for Congress
- Report that provides information about the reforms made by the Board of Governors of the International Monetary Fund (IMF) in December 2010, Congress's role in the reform process, and how the reforms could affect U.S. interests at the IMF.
- The National Flood Insurance Program: Status and Remaining Issues for Congress
- This report provides an analysis of flood risk management, summarizes major challenges facing the National Flood Insurance Program (NFIP), and outlines key reforms in the recently enacted Biggert-Waters Flood Insurance Reform Act of 2012. The report also identifies and presents some key remaining flood management issues for congressional considerations, and it concludes with a discussion of relevant policy options for the future financial management of flood hazards in the United States.
- Federal Crop Insurance: Background
- This report provides a primer on the federal crop insurance program.
- Social Security Reform: Current Issues and Legislation
- Report that looks at the Social Security debate, Social Security future projections, and public opinion on Social Security reform. It also looks at past reform measures, from the 109th-112th Congress, none of which received congressional action.
- U.S. Renewable Electricity: How Does Wind Generation Impact Competitive Power Markets?
- This report analyzes the impacts of wind generation on competitive power markets, including financial and economic impacts on electric power generators. Overall, the report aims to provide context for several electricity market concepts that are relevant to understanding the economic effects of wind power generation.
- The Dodd-Frank Wall Street Reform and Consumer Protection Act: Title VII, Derivatives
- This report describes some of the requirements placed on the derivatives market by the Dodd-Frank Act, which provides exceptions to the clearing and trading requirements for commercial end-users, or firms that use derivatives to hedge the risks of their nonfinancial business operations.
- Federal-Aid Highway Program (FAHP): An Overview
- This report looks at how the Federal-Aid Highway Program (FAHP) works, including its funding and administration by the Federal Highway Administration (FHWA).
- U.S. Direct Investment Abroad: Trends and Current Issues
- Report that provides a brief overview of how foreign investments can affect the U.S.
- U.S. International Trade: Trends and Forecasts
- This report provides an overview of the current status, trends, and forecasts for U.S. import and export flows as well as certain trade balances. The purpose of this report is to provide current data and brief explanations for the various types of trade flows, along with a brief discussion of trends that help inform the discussion of the various policy issues mentioned above.
- Federal Grants-in-Aid Administration: A Primer
- No Description Available.
- The Exon-Florio National Security Test for Foreign Investment
- This report covers the recent background of the Exon-Florio provision with special regards to issues faced in the 112th Congress. The Exon-Florio provision grants the President the authority to block proposed or pending foreign acquisitions of "persons engaged in interstate commerce in the United States" that threaten to impair the national security.
- The Committee on Foreign Investment in the United States (CFIUS)
- This report gives a brief overview of P.L. 110-49, the Foreign Investment and National Security Act of 2007. Although both the President and Congress are directly involved in formulating the scope and direction of U.S. foreign investment policy, this law broadens Congress' oversight role; it also explicitly includes the areas of homeland security and critical infrastructure as separately-identifiable components of national security that the President must consider when evaluating the national security implications of a foreign investment transaction.
- The Eurozone Crisis: Overview and Issues for Congress
- This report provides an overview of the causes, challenges, political dynamics, and other aspects of the Eurozone's economic crisis and discusses the related issues that Congress may address, such as: how this situation will impact the U.S. economy, IMF (International Monetary Fund) involvement, and how the US and Europe will cooperate to solve these issues. The report also contains supplemental figures and charts.
- TARP Assistance for the U.S. Motor Vehicle Industry: Unwinding the Government Stake in GMAC
- This report discusses government support given to Ally Financial, formerly known as General Motors Acceptance Corporation (GMAC), which provides auto financing, insurance, online banking, and mortgage and commercial financing. This report looks at how or even it GMAC will be able to pay back the government for Trouble Asset Relief Program (TARP) funding.
- An Economic Analysis of Large-Scale Mortgage Refinancing Proposals: A Brief Overview of S. 3522 and S. 3085
- This report provides a brief overview of policy proposals for the large-scale refinancing of mortgages for borrowers shut out of traditional financing methods.
- Supervision of U.S. Payment, Clearing, and Settlement Systems: Designation of Financial Market Utilities (FMUs)
- This report outlines the changes to the supervision of key market infrastructure that are embodied in the Dodd-Frank Act. It is intended to be used as a reference for those interested in the financial system's "plumbing," and how the associated systems are currently overseen and regulated.
- Terrorism Risk Insurance: Issue Analysis and Overview of Current Program
- Report that looks at the background and current Congressional status of Terrorism Risk Insurance Act of 2002.
- TARP Assistance for Chrysler: Restructuring and Repayment Issues
- This report describes the progress that New Chrysler has made since it was created from the sale of the Old Chrysler assets in July 2009 and the path of the divestment of the federal government's stake in Chrysler.
- The Eurozone Crisis: Overview and Issues for Congress
- This report provides an overview of the causes, challenges, political dynamics, and other aspects of the Eurozone's economic crisis and discusses the related issues that Congress may address, such as: how this situation will impact the U.S. economy, IMF (International Monetary Fund) involvement, and how the US and Europe will cooperate to solve these issues. The report also contains supplemental figures and charts.
- National Mortgage Servicing Standards: Legislation in the 112th Congress
- This report analyzes the potential misaligned incentives in the servicer-mortgage holder relationship and the servicing standards that attempt to address each concern, the servicer-borrower relationship and the relevant servicing provisions, as well as the possible implications of reforming the servicing industry.
- Deductibility of Corporate Campaign Expenditures
- This report discusses contributions to other types of tax-exempt groups that use the money for campaign activity that would appear to be non-deductible under Section 162(e).
- Fannie Mae’s and Freddie Mac’s Financial Problems
- This report presents, in analytical question and answer form, the issues surrounding the financial conditions of Fannie Mae and Freddie Mac, which are stockholder-owned government-sponsored enterprises (GSEs). Their federal charters give the GSEs special public policy goals aimed at providing liquidity in the mortgage market and to provide access to homeownership for underserved groups and locations. In return, their charters give the GSEs a special relationship with the government.
- Aviation and the European Union’s Emission Trading Scheme
- Beginning January 1, 2012, most carbon dioxide emissions from commercial flights to, from, and within the European Union are covered by the EU Emission Trading Scheme. This report details why there is a need to address aviation emissions, how the EU's emissions trading scheme works, estimated impacts on U.S. airlines, and related materials.
- Budgetary Treatment of Federal Credit (Direct Loans and Loan Guarantees): Concepts, History, and Issues for the 112th Congress
- This report is about the Budget Trends, Highlights And Issues By Functional Fiscal Year 1975
- LIBOR: Frequently Asked Questions
- This report answers frequently asked questions about the London Interbank Offer Rate (LIBOR), which is an estimate of prevailing interest rates in London money market. In particular, it addresses the effects of individual institutions, in response to an admission by Barclays (a British bank) that the bank had submitted false reports to manipulate the index.
- Monetary Policy and the Federal Reserve: Current Policy and Conditions
- This report discusses how the Federal Reserve (Fed) handles monetary policy, including background information about the execution of monetary policy, the recent and current stance of monetary policy, and current legislation and Congressional oversight that would affect the Fed's practices.
- Foreign Holdings of Federal Debt
- This report presents current data on estimated ownership of U.S. Treasury securities and major holders of federal debt by country. Federal debt represents the accumulated balance of borrowing by the federal government.
- International Monetary Fund: Background and Issues for Congress
- This report evaluates the purpose, membership, financing, and focus of the International Monetary Fund's (IMF) activities. It also discusses the role of Congress in shaping U.S. policy at the IMF and concludes by addressing key issues, both legislative and oversight-related, that Congress may wish to consider, including: the role of the IMF as a lender of last resort; the adequacy of IMF resources; and the effectiveness of IMF surveillance.
- Reduce, Refinance, and Rent? The Economic Incentives, Risks, and Ramifications of Housing Market Policy Options
- This report discusses the background of financial panic in September 2008, precipitated by the housing bubble of 2006. In particular, the report looks at options that the 112th Congress has regarding the housing market: (1) reducing mortgage principal for borrowers who owe more than their homes are worth, (2) refinancing mortgages for borrowers shut out of traditional financing methods, and (3) renting out foreclosed homes.
- The American Opportunity Tax Credit: Overview, Analysis, and Policy Options
- This report gives an overview of the American Opportunity Tax Credit (AOTC)—enacted on a temporary basis by the American Recovery and Reinvestment Act and extended through the end of 2012 by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010— which is a partially-refundable tax credit that provides financial assistance to taxpayers who are attending college, or whose children are attending college. There are a variety of policy options mentioned in the report regarding the AOTC, including extending the credit, extending a modified AOTC, or repealing the Hope and Lifetime Credits and extending a modified AOTC that includes provisions included in these credits.
- The Multilateral Debt Relief Initiative
- In June 2005, G8 finance ministers proposed the new Multilateral Debt Relief Initiative (MDRI). The MDRI proposes to cancel debts of some of the world's poorest countries owed to the International Monetary Fund, World Bank, and African Development Bank. This report discusses MDRI's implementation and raises some issues regarding debt relief's effectiveness as a form of foreign assistance for possible congressional consideration.
- Ability to Repay, Risk-Retention Standards, and Mortgage Credit Access
- This report examines the developments associated with the implementation of mortgage lending reforms. The report begins with a summary of proposed ability to repay and risk-retention standards. Next, the report describes risky underwriting and financing practices that occurred prior to the mortgage crisis, followed by a discussion of how access to mortgage credit might be affected.
- A Securities Transactions Tax: Brief Analytic Overview with Revenue Estimates
- This report briefly discusses recent STT (Securities Transactions Tax) proposals, summarizes the possible effects on financial market volatility and speculation, and provides estimates of the potential revenue effects.
- What Is Systemic Risk? Does It Apply to Recent JP Morgan Losses?
- Systemic risk refers to the possibility that the financial system as a whole might become unstable, rather than the health of individual market participants. Stable financial systems do not transmit or magnify shocks to the broader economy. A firm, person, government, financial utility, or policy might create systemic risk if (1) its failure causes other failures in a domino effect; (2) news about its assets signals that others with similar assets may also be distressed, called contagion; (3) it contributes to fire sales during price declines; or (4) its absence prevents other firms from using an essential service, called critical functions. This report discusses how systemic risk may apply to JP Morgan's recent losses.
- Troubled Asset Relief Program (TARP): Implementation and Status
- The Troubled Asset Relief Program (TARP) was created by the Emergency Economic Stabilization Act1 (EESA) enacted on October 3, 2008, to address the ongoing financial crisis. This report provides a brief outline of the programs created under TARP, recent changes made by Congress, and a summary of the current status and estimated costs of the program. It also provides an Appendix that contains detailed discussions of the individual TARP programs. This report will be updated as warranted by market and legislative events.
- The STOCK Act, Insider Trading, and Public Financial Reporting by Federal Officials
- An overview of the STOCK Act (Stop Trading on Congressional Knowledge Act of 2012), which was signed into law on April 4, 2012, affirms and makes explicit the fact that there is no exemption from the "insider trading" laws and regulations for Members of Congress, congressional employees, or any federal officials.
- Multilateral Development Banks: Overview and Issues for Congress
- This report provides an overview of the MDBs and highlights major issues for Congress. The first section discusses how the MDBs operate, including the history of the MDBs, their operations and organizational structure, and the effectiveness of MDB financial assistance. The second section discusses the role of Congress in the MDBs, including congressional legislation authorizing and appropriating U.S. contributions to the MDBs; congressional oversight; and U.S. commercial interests in the MDBs.
- Export-Import Bank: Background and Legislative Issues
- The Export-Import Bank of the United States (Ex-Im Bank, EXIM Bank, or the Bank), an independent federal government agency, is the official export credit agency (ECA) of the United States. It helps finance U.S. exports of manufactured goods and services, with the objective of contributing to the employment of U.S. workers, primarily in circumstances when alternative financing is not available. Members of the 112th Congress may examine issues related to the Ex-Im Bank that center on the economic rationale for the Bank; the impact of the Bank on the federal budget and U.S. taxpayers; the Bank's support for specific types of business or industries; the current balance between the Bank's advancement of U.S. commercial interests and other U.S. policy goals; the competitive position of the Bank compared to foreign ECAs; and the Bank's organizational structure.
- Fannie Mae's and Freddie Mac's Financial Problems
- This report discusses the continuing conservatorship of Fannie Mae and Freddie Mac at a time of uncertainty in the housing, mortgage, and financial markets has raised doubts about the future of these enterprises, which are chartered by Congress as government-sponsored enterprises (GSEs) and whose debts are widely believed to be implicitly guaranteed by the federal government.
- An Analysis of the “Buffett Rule”
- This report is an Analysis of the “Buffett Rule”.
- The Bayh-Dole Act: Selected Issues in Patent Policy and the Commercialization of Technology
- This report is about the Baby-Dole Act: Selected issues in Patent Policy and the Commercialization of Technology.
- Changing the Federal Reserve's Mandate: An Economic Analysis
- This report discusses a number of implementation issues surrounding an inflation target. These include what rate of inflation to target, what inflation measure to use, whether to set a point target or range, and what penalties to impose if a target is missed.
- The Hatch-Waxman Act: A Quarter Century Later
- This report provides an overview of the Hatch-Waxman Act a quarter century later.
- The Eurozone Crisis: Overview and Issues for Congress
- The Eurozone's economic crisis threatens economic stability in Europe and beyond. Four specific economic challenges faced are high debt levels and public deficits, weaknesses in the European banking system, recession and high unemployment in some Eurozone countries, and persistent trade imbalances. Three issues for Congress regarding these challenges are how this situation will impact the US economy, IMG involvement, and how the US and Europe will cooperate to solve these issues.
- Sovereign Debt in Advanced Economies: Overview and Issues for Congress
- Sovereign debt, also called public debt or government debt, refers to debt incurred by governments. Since the global financial crisis of 2008-2009, public debt in advanced economies has increased substantially. A number of factors related to the financial crisis have fueled the increase, including fiscal stimulus packages, the nationalization of private-sector debt, and lower tax revenue. Even if economic growth reverses some of these trends, such as by boosting tax receipts and reducing spending on government programs, aging populations in advanced economies are expected to strain government debt levels in coming years.
- Globalization, Worker Insecurity, and Policy Approaches
- This report provides an overview of the globalization, worker insecurity, and policy approaches.
- The Depreciating Dollar: Economic Effects and Policy Response
- This report discusses the trend of depreciation of the dollar since 2002. This raises concern among some in Congress and the public that the dollar's decline is a symptom of broader economic problems, such as a weak economic recovery, rising public debt, and a diminished standing in the global economy. However, a falling currency is not always a problem, but possibly an element of economic adjustments that are, on balance, beneficial to the economy.
- Health Insurance: A Primer
- This report provides information related to health insurance. The content includes what it is, why is it needed, health insurance regulation, and how are private health benefits delivered and financed.
- Community Services Block Grants (CSBG): Background and Funding
- This report looks at the purpose and background of Community Services Block Grants (CSBG), which provide federal funds to states, territories, and tribes for distribution to local agencies to support a wide range of community-based activities to reduce poverty. CSBG was last reauthorized in 1998, although and related programs have been funded by Congressional approval since then.
- NATO Common Funds Burdensharing: Background and Current Issues
- This report gives an overview of the feasibility of burdensharing amongst North Atlantic Treaty Organization (NATO) member states due to the global financial crisis and defense budget cuts in many of the contributing nations.