You limited your search to:

 Decade: 2000-2009
 Year: 2005
 Collection: Congressional Research Service Reports
Accounting Problems at Fannie Mae

Accounting Problems at Fannie Mae

Date: November 15, 2005
Creator: Jickling, Mark
Description: On September 22, 2004, the Office of Federal Housing Enterprise Supervision (OFHEO) made public a report that was highly critical of accounting methods at Fannie Mae, the government-sponsored enterprise that plays a leading role in the secondary mortgage market. OFHEO charged Fannie Mae with not following generally accepted accounting practices in two critical areas: (1) amortization of discounts, premiums, and fees involved in the purchase of home mortgages and (2) accounting for financial derivatives contracts. According to OFHEO, these deviations from standard accounting rules allowed Fannie Mae to reduce volatility in reported earnings, present investors with an artificial picture of steadily growing profits, and, in at least one case, to meet financial performance targets that triggered the payment of bonuses to company executives. On November 15, 2004, Fannie Mae reported that it was unable to file a third-quarter earnings statement because its auditor, KPMG, refused to sign off on the accounting results. On December 15, 2004, the Securities and Exchange Commission (SEC), after finding inadequacies in Fannie’s accounting policies and methodologies, directed Fannie Mae to restate its accounting results since 2001. Shortly thereafter, the company’s CEO and CFO resigned. It is estimated that earnings since 2001 will be revised downwards ...
Contributing Partner: UNT Libraries Government Documents Department
The Advanced Technology Program

The Advanced Technology Program

Date: July 6, 2005
Creator: Schacht, Wendy H.
Description: The Advanced Technology Program (ATP) was created by P.L. 100-418, the Omnibus Trade and Competitiveness Act of 1988, to encourage public-private cooperation in the development of pre-competitive technologies with broad application across industries. This activity has been targeted for elimination as a means to cut federal spending. Since FY2000, the original House-passed appropriation bills have not included funding for ATP. Many of the Administration’s budget requests have proposed termination of the program. However, ATP continues to be supported, although at levels below that achieved in FY1995 when the activity was expanded significantly. This report discusses funding (or lack thereof) appropriated for the ATP for FY2006.
Contributing Partner: UNT Libraries Government Documents Department
Association Health Plans: Legislation in the 109th Congress

Association Health Plans: Legislation in the 109th Congress

Date: May 26, 2005
Creator: Hearne, Jean P
Description: An estimated 41.2 million people were without health insurance in 2001. Legislation under consideration by the 108th and earlier Congresses is intended to assist small employers in offering health insurance as a benefit to their workers. A new bill, H.R. 4281, introduced on May 5, 2004, The Small Business Health Fairness Act of 2003 (H.R. 6601s. 545), and a number of bills from the earlier Congresses include provisions creating new groups for small firms to join or encouraging the growth of existing groups so that small employers can band together to offer coverage to their employees. Opponents of the AHP approach raise concerns that unintended negative consequences would arise, negating the benefits that the new groups would create. While the proposed AHPs are not likely to immediately undermine the small group market, they are likely to require additional features to significantly expand insurance coverage among the uninsured.
Contributing Partner: UNT Libraries Government Documents Department
"Bunker Busters": Robust Nuclear Earth Penetrator Issues, FY2005 and FY2006

"Bunker Busters": Robust Nuclear Earth Penetrator Issues, FY2005 and FY2006

Date: August 2, 2005
Creator: Medalia, Jonathan
Description: The Robust Nuclear Earth Penetrator (RNEP) program has been the most controversial nuclear weapon program in Congress for the last several years. Supporters argue that it is needed to attack hard and deeply buried targets (such as leadership bunkers) in countries of concern, thereby deterring or defeating challenges from such nations; critics assert that RNEP would lower the threshold for use of nuclear weapons and prompt other nations to develop nuclear weapons to deter U.S. attack. This report presents a brief technical background on RNEP, then discusses the history of RNEP in Congress and the Administration for the FY2005 and FY2006 budget cycles.
Contributing Partner: UNT Libraries Government Documents Department
"Bunker Busters": Robust Nuclear Earth Penetrator Issues, FY2005 and FY2006

"Bunker Busters": Robust Nuclear Earth Penetrator Issues, FY2005 and FY2006

Date: June 23, 2005
Creator: Medalia, Jonathan
Description: The Robust Nuclear Earth Penetrator (RNEP) program has been the most controversial nuclear weapon program in Congress for the last several years. Supporters argue that it is needed to attack hard and deeply buried targets (such as leadership bunkers) in countries of concern, thereby deterring or defeating challenges from such nations; critics assert that RNEP would lower the threshold for use of nuclear weapons and prompt other nations to develop nuclear weapons to deter U.S. attack. This report presents a brief technical background on RNEP, then discusses the history of RNEP in Congress and the Administration for the FY2005 and FY2006 budget cycles.
Contributing Partner: UNT Libraries Government Documents Department
"Bunker Busters": Robust Nuclear Earth Penetrator Issues, FY2005 and FY2006

"Bunker Busters": Robust Nuclear Earth Penetrator Issues, FY2005 and FY2006

Date: July 6, 2005
Creator: Medalia, Jonathan
Description: The Robust Nuclear Earth Penetrator (RNEP) program has been the most controversial nuclear weapon program in Congress for the last several years. Supporters argue that it is needed to attack hard and deeply buried targets (such as leadership bunkers) in countries of concern, thereby deterring or defeating challenges from such nations; critics assert that RNEP would lower the threshold for use of nuclear weapons and prompt other nations to develop nuclear weapons to deter U.S. attack. This report presents a brief technical background on RNEP, then discusses the history of RNEP in Congress and the Administration for the FY2005 and FY2006 budget cycles.
Contributing Partner: UNT Libraries Government Documents Department
"Bunker Busters": Sources of Confusion in the Robust Nuclear Earth Penetrator Debate

"Bunker Busters": Sources of Confusion in the Robust Nuclear Earth Penetrator Debate

Date: January 10, 2005
Creator: Medalia, Jonathan
Description: Earth penetrator weapons, often called “bunker busters,” burrow into the ground some tens of feet before detonating, greatly increasing their ability to destroy buried targets. The United States has several types of conventional earth penetrators. The Air Force and the National Nuclear Security Administration (NNSA) are studying a more effective penetrator, the Robust Nuclear Earth Penetrator (RNEP). The FY2005 defense authorization act contained the full RNEP request, $27.6 million. This report explains the budget request and provides details on the RNEP plan.
Contributing Partner: UNT Libraries Government Documents Department
Charitable Contributions of Food Inventory: Proposals for Change

Charitable Contributions of Food Inventory: Proposals for Change

Date: January 31, 2005
Creator: Talley, Louis Alan & Jackson, Pamela J
Description: Early in the 109th Congress, both S. 6, the Family and Community Protection Act of 2005, and S. 94, the Good Samaritan Hunger Relief Tax Incentive Act, have been introduced to encourage gifts of food by businesses for charitable purposes. While current law provides a deduction only to C corporations, these bills would expand the tax break to all business entities. The value of the existing deduction is the corporation’s basis in the donated product plus one half of the amount of appreciation, as long as that amount is less than twice the corporation’s basis in the product.
Contributing Partner: UNT Libraries Government Documents Department
Chemical Facility Security

Chemical Facility Security

Date: July 29, 2005
Creator: Schierow, Linda-Jo
Description: Facilities handling large amounts of potentially hazardous chemical (i.e., chemical facilities) might be of interest to terrorists, either as targets for direct attacks meant to release chemicals into the community or as a source of chemicals for use elsewhere. For any individual facility, the risk is very small, but the risks may be increasing -- with potentially severe consequences for human health and the environment. Congress might choose to rely on existing efforts in the public and private sectors to improve chemical site security over time. Alternatively, Congress could expand existing environmental planning requirements for chemical facilities to require consideration of terrorism. Congress might also enact legislation to reduce risks, either by "hardening" defenses against terrorists or by requiring industries to consider use of safer chemicals, procedures, or processes.
Contributing Partner: UNT Libraries Government Documents Department
Chemical Plant Security

Chemical Plant Security

Date: February 14, 2005
Creator: Schierow, Linda-Jo
Description: Facilities handling large amounts of potentially hazardous chemicals (i.e., chemical facilities) might be of interest to terrorists, either as targets for direct attacks meant to release chemicals into the community or as a source of chemicals for use elsewhere. Because few terrorist attacks have been attempted against chemical facilities in the United States, the risk of death and injury in the near future is estimated to be low, relative to the likelihood of accidents at such facilities or attacks on other targets using conventional weapons. For any individual facility, the risk is very small, but risks may be increasing with potentially severe consequences for human health and the environment. Available evidence indicates that many chemical facilities may lack adequate safeguards.
Contributing Partner: UNT Libraries Government Documents Department
FIRST PREV 1 2 3 4 5 NEXT LAST