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The Overseas Private Investment Corporation: Background and Legislative Issues
The Overseas Private Investment Corporation (OPIC) was established in 1969 and began operations in 1971 as a development agency to promote and assist U.S. business investment in developing nations. Today, OPIC is a U.S. government agency that provides project financing, investment insurance, and other services for U.S. businesses in over 150 developing nations and emerging economies. To date, OPIC has funded, guaranteed, or insured over $180 billion in investments.
Application of Campaign Finance Law to Indian Tribes
This report is about the applications of Campaign Finance Law to Indian Tribes.
The Overseas Private Investment Corporation: Background and Legislative Issues
This report outlines challenges faced by Tajikistan since its five-year civil war ended in 1997. It discusses U.S. policy and assistance. Basic facts and biographical information are provided. This report may be updated. Related products include CRS Report RL33458, Central Asia: Regional Developments and Implications for U.S. Interests, updated regularly.
The Overseas Private Investment Corporation: Background and Legislative Issues
The Overseas Private Investment Corporation (OPIC)1 was established in 1969 and began operations in 1971 to promote and assist U.S. business investment in developing nations. OPIC is a U.S. government agency that provides project financing, investment insurance, and other services for U.S. businesses in 154 developing nations and emerging economies. OPIC is currently authorized through March 9, 2009 under the Consolidated Security, Disaster Assistance, and Continuing Appropriations Act, 2009 (P.L. 110-329).
GAO: Government Accountability Office and General Accounting Office
This report discusses the General Accounting Office (GAO), established in 1921 by the Budget and Accounting Act as an independent auditor of government agencies and activities.
Reforming the Regulation of Government-Sponsored Enterprises in the 110th Congress
This report provides background on the government-sponsored enterprises (GSEs) reform issue, summarizes the provisions of H.R. 3221 and the Senate Banking Committee bill.
Reforming the Regulation of Government-Sponsored Enterprises in the 110th Congress
This report provides background on the government-sponsored enterprises (GSEs), discusses reform issues, and summarizes the provisions of House- and Senate-passed versions of H.R. 3221.
Financial Institution Insolvency: Federal Authority over Fannie Mae, Freddie Mac, and Depository Institutions
This report provides an overview of the U.S. credit crunch and its effect on Fannie, Freddie, Banks, and Thrifts. The report discusses the Federal Deposit Insurance Corporation (FDIC) and insolvent banks and thrifts.
Dollar Crisis: Prospect and Implications
This report describes the anatomy of dollar crisis, and possible reasons why a dollar crisis won't occur. The report discusses the macroeconomics effects of a dollar crisis, and the response of economic policy.
Social Security: What Would Happen If the Trust Funds Ran Out?
This report looks at ways to overhaul the Social Security system due to a projected lack of system funds, which are estimated to become exhausted in 2041.
Campaign Finance Bills in the 107th Congress: House
This report summarizes each House bill offered in the 107th Congress, arranged in both numerical order and by major issue addressed, with any legislative action shown.The provisions of these bills are grouped into 15 categories, based on type on issue addressed.
HUD Proposes Administrative Modifications to the Real Estate Settlement Procedures Act
This report focuses on borrower disclosure, particularly with respect to making all pertinent information about loan terms and settlement costs transparent, so that consumers can make well-informed financial decisions when choosing mortgage products.
Reporting Issues Under the Home Mortgage Disclosure Act
This report describes current issues and recent changes to the Home Mortgage Disclosure Act (HMDA) of 1975. The report also provides a brief explanation of how recent reporting revisions may affect the reporting of loans covered by the Home Ownership and Equity Protection Act of 1994 and the Federal Housing Administration.
Social Security: Trust Fund Investment Practices
This report explains current Social Security trust fund investment practices and briefly describes the issues involved in changing how the trust funds are invested.
Why the Dollar Rose in 2005 and the Prospect for 2006: Insights into the State of International Asset Markets and the Global Economy
The dollar exchange rate rose substantially in 2005, halting a three-year decline and moving counter to the expectations of many observers. This report discusses potential reasons for the dollar's appreciation.
Averting Financial Crisis
This report is about Averting a Financial crisis.
China's "Hot Money" Problems
China has experienced a sharp rise in the inflow of so-called "hot money," foreign capital entering the country supposedly seeking short-term profits, especially in 2008. Chinese estimates of the amount of "hot money" in China vary from $500 billion to $1.75 trillion. The influx of "hot money" is contributing to China's already existing problems with inflation. Efforts to reduce the inflationary effects of "hot money" may accelerate the inflow, while actions to reduce the inflow of "hot money" may threaten China's economic growth, as well as have negative consequences for the U.S. and global economy.
Social Security, Saving, and the Economy
This report examines the determinants of household saving, how household saving may be affected by Social Security, and the potential effects of possible changes in Social Security.
Sovereign Wealth Funds: Background and Policy Issues for Congress
This report provides background on sovereign wealth funds (SWFs) -- investment funds owned and managed by national governments -- including countries operating SWFs and the size of the SWF market. It also discusses broad areas of concern to Members of Congress and the international financial community.
Social Security, Saving, and the Economy
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Fannie Mae's and Freddie Mac's Financial Problems: Frequently Asked Questions
Recent turmoil in the housing and financial markets have caused concern over the future of Fannie Mae and Freddie Mac, which are chartered by Congress as government-sponsored enterprises (GSEs) and are widely believed to have an implicit guarantee from the federal government. The Office of Federal Housing Enterprise Oversight (OFHEO) -- the GSEs safety and soundness regulator -- has repeated assurances that Fannie and Freddie have adequate capital, but as highly leveraged financial intermediaries, Fannie Mae and Freddie Mac have limited resources against losses. This report analyzes various aspects of Fannie Mae and Freddie Mac in relation to the financial turmoil that began in September 2008.
Investing Social Security Funds in the Stock Market: Some Economic Considerations
For the time being, Social Security receipts are more than enough to fund current benefits. But beginning in 2017, under current law, benefits are projected to exceed Social Security receipts. At that point, if not before, either benefit will have to be cut, taxes will have to be raised, or the shortfall will have to be made up either by tapping non-Social Security revenues, which would reduce the unified federal budget surplus or by an increase in federal borrowing.
Social Security, Saving, and the Economy
No Description Available.
Campaign Finance: Potential Legislative and Policy Issues for the 111th Congress
This report discusses selected campaign finance policy issues that may receive attention during the 111th congress. Questions about the health of the presidential public financing system were especially prominent during the 2008 election cycle.
Campaign Finance: Constitutional and Legal Issues of Soft Money
This report is categorized into seven categories: (I) Most recent developments, (II) Background and Analysis, (III) Definitions of Hard and Soft Money in Federal Elections, (IV) Political Party Soft Money, (V) Corporate and Labor Union Soft Money, (VI) Soft Money Spent on Issue Advocacy and (VII) Selected 107th Congress Legislation.
Iraq Reconstruction Resources: Fact Sheet
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Iraq Reconstruction Resources: Fact Sheet
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Iraq Reconstruction Resources: Fact Sheet
This fact sheet provides Internet links to the federal agencies or departments currently involved in the contracting process, along with their specific Iraq reconstruction programs underway or proposed. It provides overview information on federal agency contract solicitations, application procedures, and contact information where appropriate.
The Basel Accords: The Implementation of II and the Modification of I
This report provides the basic information needed to understand the issues surrounding the proposed implementation of Basel II and the pending proposed modifications of Basel I in the United States. First, it gives a basic background on capital standards and how capital assessments were made before these accords. Second, it briefly explains how Basel I works. Third, it addresses the major problem with Basel I and the modifications being considered. Fourth, it describes the Basel II framework the United States may implement and the framework the EU is already implementing. The report concludes with a section on Congress and the Basel Accords.
Securities Fees and SEC Pay Parity
No Description Available.
Securities Fees and SEC Pay Parity: H.R. 1088 and S. 143
No Description Available.
Currency Manipulation: The IMF and WTO
The International Monetary Fund (IMF) and World Trade Organization (WTO) approach the issue of "currency manipulation" differently. The IMF Articles of Agreement prohibit countries from manipulating their currency for the purpose of gaining unfair trade advantage, but the IMF cannot force a country to change its exchange rate policies. The WTO has rules against subsidies, but these are very narrow and specific and do not seem to encompass currency manipulation. Several options might be considered for addressing this matter in the future, if policymakers deem this a wise course of action.
Campus-Based Student Financial Aid Programs Under the Higher Education Act
This is a report on Computer-based Student Financial Aid Programs under the Higher Education Act.
Highway and Transit Program Reauthorization Legislation in the 2nd Session, 108th Congress
This report discusses significant legislative provisions in the two provisional bills that are likely to be the subject of congressional discussion to reauthorize federal highway, highway safety, and transit programs.
Campaign Finance: Constitutional and Legal Issues of Soft Money
This report discusses the political party soft money, corporate and labor union soft money and 107th congress legislative activity.
Highway and Transit Program Reauthorization
This report discusses significant legislative provisions in the two provisional bills that are likely to be the subject of congressional discussion to reauthorize federal highway, highway safety, and transit programs.
Budget Reconciliation Legislation: Development and Consideration
This report is about development and consideration in budget reconciliation legislation.
The U.S. Financial Crisis: The Global Dimension with Implications for U.S. Policy
This report examines the global ramifications of the financial crisis, which exposed fundamental weaknesses in financial systems worldwide, and despite coordinated easing of monetary policy by governments and trillions of dollars in intervention by governments and the International Monetary Fund, the crisis continues.
The Global Financial Crisis: The Role of the International Monetary Fund (IMF)
This report discusses two potential roles the International Monetary Fund (IMF) may have in helping to resolve the current global financial crisis: (1) immediate crisis control through balance of payments lending to emerging market and less-developed countries and (2) increased surveillance of the global economy through better coordination with the international financial regulatory agencies.
The Global Financial Crisis: The Role of the International Monetary Fund (IMF)
This report discusses two potential roles the International Monetary Fund (IMF) may have in helping to resolve the current global financial crisis: (1) immediate crisis control through balance of payments lending to emerging market and less-developed countries and (2) increased surveillance of the global economy through better coordination with the international financial regulatory agencies.
Highway and Transit Program Reauthorization Legislation in the 2nd Session, 108th Congress
This report discusses significant legislative provisions in the two provisional bills that are likely to be the subject of congressional discussion to reauthorize federal highway, highway safety, and transit programs.
Hedge Funds: Should They Be Regulated?
In view of the growing impact of hedge funds on a variety of financial markets, the Securities and Exchange Commission (SEC) in October 2004 adopted a regulation that requires hedge funds to register as investment advisers, disclose basic information about their operations, and open their books for inspection. The regulation took effect in February 2006, but on June 23, 2006, a court challenge was upheld and the rule was vacated. S. 1402 and H.R. 2586 would reinstate the SEC's authority. H.R. 2683 would require defined benefit pension plans to disclose investments in hedge funds. In December 2006, the SEC proposed raising the "accredited investor" standard - to be permitted to invest in hedge funds, an investor would need $2.5 million in assets, instead of $1 million.
The Global Financial Crisis: Increasing IMF Resources and the Role of Congress
This report provides information on the role the IMF has played in the financial crisis, international agreement to increase the financial resources of the IMF, and the role of Congress in increasing the Fund's resources. As will be discussed in detail at the end of the report, congressional authorization, and perhaps appropriation, would be required to increase U.S. contributions to the IMF.
Multilateral Development Banks: U.S. Contributions FY1998-2009
This report shows in tabular form how much the Administration requested and how much Congress appropriated during the past 11 years for U.S. payments to the multilateral development banks (MDBs). It also provides a brief description of the MDBs and the ways they fund their operations. It will be updated periodically. Three companion reports provide further information on the MDBs. See CRS Report RS20793, Multilateral Development Banks: Basic Background, CRS Report RS20791, Multilateral Development Banks: Procedures for U.S. Participation, and CRS Report RS22134 International Financial Institutions: Funding U.S. Participation.
Campaign Finance Law: A Legal Analysis of the Supreme Court Ruling in McConnell v. FEC
This report consists of campaign finance law with a legal analysis of the supreme court ruling in McConnell v. FEC.
Charitable Choice: Constitutional Issues and Developments Through the 106th Congress
This report is about the charitable choice of constitutional issues and developments through the 106th congress.
Campaign Finance Reform: A Legal Analysis of Issue and Express Advocacy
This report consists of campaign finance reform with a legal analysis of issue and express advocacy.
Campaign Finance Bills Passed in the 107th Congress: Comparison of S. 27 (McCain-Feingold), H.R. 2356 (Shays-Meehan), and Current Law
This report summarizes and compares the two campaign finance reforms bills that have passed the House and Senate in the 107th congress and current law cases.
The Iran-Libya Sanctions Act (ILSA)
This report outlines the background and original passage of the ILSA (Iran-Libya Sanctions Act), its key provisions which excluded Libya from the act, its implementation and effectiveness and the proposed modifications and extensions to the ILSA.
Energy Policy: The Continuing Debate
This report includes background and analysis of the debate on energy policy. Non-tax energy production initiatives, nuclear energy, and energy restructuring are also among topics discussed in this report.
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