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The Section 179 and Section 168 (k) Expensing Allowances: Current Law and Economic Effects
This report examines the current status, legislative history, and main economic effects (including their efficacy as a tool for economic stimulus) of the Section 179 and bonus depreciation allowances.
The G-20 and International Economic Cooperation: Background and Implications for Congress
This report analyzes why countries coordinate economic policies and the historical origins of the G-20; how the G-20 operates; major highlights from previous G-20 summits, plus an overview of the agenda for the next G-20 summit; and debates about the effectiveness of the G-20 as a forum for economic cooperation and coordination.
Supplemental Selective Reserve Requirements on Commercial Bank Assets: An Option for Credit Allocation Based on Social Goals
This report discuses banks' loan practices and the Federal Reserve's monetary policies and how they interact with one another as well as proposals by the Federal Reserve intended to increase loans related to the housing market while reducing them in the commercial business world.
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.
The Debt Limit: History and Recent Increases
This report discusses congressional restrictions on federal debt. The statutory debt limit applies to almost all federal debt. The limit applies to federal debt held by the public (that is, debt held outside the federal government itself) and to federal debt held by the government's own accounts.
Transatlantic Regulatory Cooperation: A Possible Role for Congress
This report focuses on the creation of the Transatlantic Economic Council; the role of legislatures in the regulatory process; and the Transatlantic Legislators' Dialogue and its new role as an advisor to transatlantic regulatory efforts.
Government Interventions in Response to Financial Turmoil
This report reviews new programs introduced and other actions taken by the Treasury, Federal Reserve, and Federal Deposit Insurance Corporation in response to the recent financial crisis. It does not cover longstanding programs such as the Fed's discount window and FDIC receivership of failed banks.
What Is the Current State of the Economic Recovery?
This report discusses the U.S. economy's recovery from the 2007-2009 recession.
"Womenomics" in Japan: In Brief
This report briefly discusses Japan's Gender Gap and the Japanese government's current strategies to help women stay and advance in the workplace as a means of improving the economy.
Japan-U.S. Relations: Issues for Congress
This report discusses issues regarding U.S.-Japan economic relations, since the economic condition of each nation can affect the world economy and a U.S.-Japan bilateral economic relationship could influence economic conditions in other countries. U.S. and Japanese leaders have several options on how to manage their relationship, including stronger reliance on the World Trade Organization; special bilateral negotiating frameworks and agreements; or a free trade agreement.
Nonforeign Cost-of-Living Allowances and Possible Transition to Locality Pay
This report provides an overview of the history of the nonforeign COLA and locality pay programs; identifies and describes potential changes to the existing nonforeign COLA system, including the possibility of instituting locality pay; and analyzes the potential effects of keeping the existing system or adopting a nonforeign COLA phase-out plan.
Millennium Challenge Corporation
This report discusses the Millennium Challenge Corporation (MCC), which provides economic assistance through a competitive selection process to developing nations that are pursuing political and economic reforms in three areas: ruling justly, investing in people, and fostering economic freedom. It also discusses several concerns related to MCC implementation, including the level of funding to support MCC programs.
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.
Belarus: Background and U.S. Policy Concerns
This report provides an overview of the history of U.S. - Belarus relations. Current issues include U.S. and international attempts to influence Aleksandr Lukashenko, the Belarusian President, toward making the Belarusian government more democratic and open.
Panama: Political and Economic Conditions and U.S. Relations
This report discusses the current political and economic conditions in the country of Panama, which has made notable political and economic progress since the 1989 U.S. military intervention that ousted the regime of General Manuel Noriega from power. The United States has close relations with Panama, stemming in large part from the extensive linkages developed when the canal was under U.S. control. This report describes the U.S.-Panama relationship at length, including trade relations.
Economic Development Administration: Reauthorization and Funding Issues in the 112th Congress
The 112th Congress may consider legislation to reauthorize and amend the Public Works and Economic Development Act (PWEDA), whose statutory authority expired on September 30, 2008. As part of those deliberations, Congress may consider a number of changes in the structure of Economic Development Administration (EDA) assistance programs.
Belarus: Background and U.S. Policy Concerns
An overview of the history of U.S.A - Belarus relations. Current issues include U.S.A. and international attempts to influence Aleksandr Lukashenko, the Belarusian President, towards making the Belarusian government more democratic and open.
Chile: Political and Economic Conditions and U.S. Relations
This report provides a brief historical background of Chile, examines recent political and economic developments, and considers current issues in U.S.-Chilean relations. The 112th Congress could take up issues such as the U.S.-Chile bilateral income tax treaty that was signed in 2010 and is awaiting submission to the U.S. Senate for ratification.
Chile: Political and Economic Conditions and U.S. Relations
This report provides a brief historical background of Chile, examines recent political and economic developments, and considers current issues in U.S.-Chilean relations.
The Size and Role of Government: Economic Issues
The appropriate size and role of the government is one of the most fundamental and enduring debates in American politics. What role does the state play in economic activity? How is the economy affected by government intervention? Many of the arguments surrounding the proper size of government are economic in nature, and they will be discussed in this report.
Inflation: Core vs. Headline
Inflation measures the rate of change in all prices. Maintaining low and stable inflation is one of the primary goals of macroeconomic policy. But how should inflation be measured? Policymakers, particularly at the Federal Reserve, often refer to core inflation in their policy decisions. Core inflation is commonly defined as a measure of inflation that omits changes in food and energy prices. However, several studies have failed to find core inflation to be a good forecaster of future inflation, casting doubt on the very rationale for relying on it. This report outlines the differences between core inflation and headline inflation.
Large and Continuing Deficits: Their Influence on Macroeconomic Performance
No Description Available.
Monetary Policy: Recent Changes and Current Conditions
This report summarizes the current status of monetary conditions and policy. The report also describes the process though which Congress oversees monetary policy, the recent changes in the financial system which affect monetary policy, and the October 1979 changes in Federal Reserve operating procedures.
China's Economic Conditions
China’s economy continues to be a concern to U.S. policymakers. On the one hand, China’s economic growth presents huge opportunities for U.S. exporters. On the other hand, the surge in Chinese exports to the United States has put competitive pressures on many U.S. industries. Many U.S. policymakers have argued that greater efforts should be made to pressure China to fully implement its WTO commitments and to change various economic policies deemed harmful to U.S. economic interests, such as its currency peg and its use of subsidies to support its SOEs. In addition, recent bids by Chinese state-owned firms to purchase various U.S. firms have raised concerns among Members over the impact such acquisitions could have on U.S. national and economic security.
Broadband Internet Access: Background and Issues
From a public policy perspective, the goals are to ensure that broadband deployment is timely, that industry competes fairly, and that service is provided to all sectors and geographical locations of American society. The federal government -- through Congress and the Federal Communications Commission (FCC) -- is seeking to ensure fair competition among the players so that broadband will be available and affordable in a timely manner to all Americans who want it. While the FCC's position is not to intervene at this time, some assert that legislation is necessary to ensure fair competition and timely broadband deployment. One proposal would ease certain legal restrictions and requirements, imposed by the Telecommunications Act of 1996, on incumbent telephone companies who provide high speed data (broadband) access. Another proposal would compel cable companies to provide "open access" to competing Internet service providers.
Broadband Internet 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.
Space Launch Vehicles: Government Activities, Commercial Competition, and Satellite Exports
No Description Available.
Insurance Regulation: Background and Issues
No Description Available.
Diesel Fuel and Engines: An Analysis of EPA's New Regulations
This report reviews the final regulations on diesel fuel and diesel engine emissions signed by Environmental Protection Agency Administrator Carol Browner December 21, 2000 and promulgated January 18, 2001. This report examines the rule’s potential impacts on fuel supply, summarizes the issues related to pollution controls, discusses potential impacts on the economy, and discusses issues raised by the timing and implementation schedule of the proposed rule.
Inflation: Causes, Costs, and Current Status
This report gives an overview of the causes, costs, and current status of Inflation.
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