Congressional Research Service Reports - 79 Matching Results

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Banking Acquisition and Merger Procedures: This report discusses in general terms the basic process and time line for banking industry acquisitions and mergers and briefly discusses the May 4, 1998 application by Travelers Group to merge with Citicorp. Among the issues discussed are: potential impact on consumers; whether the new entities would be too big to fail; and, whether competitive equity calls for financial modernization legislation with functional regulation of the securities, banking, and insurance sectors of companies offering customers a full range of financial products and services. Legislative developments on financial modernization issues in the 105th Congress are reported in CRS Issue Brief 97034, which is available on the Legislative Information System.
Banking and Finance: Legislative Initiatives in the 105th Congress, Second Session: This report reviews major banking and finance issues that are receiving congressional attention in the 2nd session of the 105th Congress.
Banking and Finance: Legislative Initiatives in the 105th Congress, Second Session: This report reviews major banking and finance issues that are receiving congressional attention in the 2nd session of the 105th Congress. It will be updated periodically to reflect legislative developments. Relevant CRS products are referenced.
Border Environment Cooperation Commission and North American Development Bank : Background and Issues: This report presents Background and Issues of Border Environment Cooperation Commission and North American Development Bank.
Budget Surpluses: Economic Effects of Debt Repayment, Tax Cuts, or Spending — An Overview: This report examines economic and budget implications of alternative responses to them.It is basically an Overview of Economic Effects of Debt Repayment, Tax Cuts, or Spending related to Budget Surpluses.
Campaign Finance Bills in the 105th Congress: Comparison of H.R. 2183 (Hutchinson-Allen), H.R. 3526 (Shays-Meehan), and Current Law: This report is about the Finance reform in May 1998 in the 105th congress.
Campaign Finance Bills in the 105th Congress: Comparison of H.R. 2183 (Hutchison -Allen), H.R. 3526 (Shays-Meehan), and Current Law: As pledged by Speaker Gingrich, the House renewed consideration of campaign finance reform in May 1998. The principal bill is H.R. 2183, known as the freshman bipartisan bill, introduced July 17, 1997, by Messrs. Hutchinson and Allen. Selected floor amendments and substitutes will be in order. The legislation that has generated the most publicity in the 105th Congress has been the McCain-Feingold bill (S. 25), offered on March 19, 1998, as H.R. 3526 by Messrs. Shays and Meehan;1 this has also been offered as substitute amendment no. 13 to H.R. 2183 in the current debate. Table 1 highlights key differences between the two bills, and Table 2 summarizes and compares H.R. 2183, H.R. 3526, and current law.
Campaign Finance Debate in the House: Substitute Amendments to H.R. 2183 (105th Congress): This report summarizes and compares the 11 substitute amendments to campaign finance reform bills that have passed the House and Senate.
Campaign Finance Debate in the House: Substitute Amendments to H.R. 2183 (105th Congress): This report provides a summary and comparison of the 11 substitute amendments to H.R. 2183, a campaign finance reform bill offered by Representatives Hutchinson and Allen, that, under H. Res. 442, will be in order for consideration by the House. The House began consideration of the bill and these substitute amendments (as well as additional perfecting amendments) on May 21, 1998. This report is intended for use by House Members and staff in preparation for and during House debate and assumes basic familiarity with the underlying issues. It may be updated to reflect further legislative actions.
Campaign Finance Debate in the House: Substitute No. 13 (ShaysMeehan) and Non-Germane Amendments: This report offers a summary of Shays/Meehan and the 24 non-germane amendments under House Resolution 458, arranged by category and shown with all substitutes to which each was to be offered.
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 Reform: A Legal Analysis of Issue and Express Advocacy: Issue advocacy communications have become increasingly popular over the federal election cycles. Often these advertisements could be interpreted to favor or disfavor certain candidates, while also serving to inform the public about a policy issue. However, unlike communications that expressly advocate the election or defeat of a clearly identified candidate, the Supreme Court has ruled that issue ads are constitutionally protected First Amendment speech and cannot be regulated.
Campaign Finance Reform Bills in the 105th Congress: Comparison of H.R. 3485 (Thomas), S. 25 (McCain-Feingold), and Current Law: No Description Available.
Campaign Finance Reform Bills in the 105th Congress: Comparison of H.R. 3581 (Thomas), H.R. 3526 (Shays-Meehan), and Current Law: On March 30, 1998, the House considered four campaign reform bills under a suspension of rules, focusing on the comprehensive H.R. 3581, offered that day for the Republican leadership by Mr. Thomas; it failed passage on a 74-337 vote. (The bill was similar to H.R. 3485, also by Mr. Thomas, reported by the House Oversight Committee March 18.1) The bill generating the most publicity in the 105th Congress has been S. 25 (McCain-Feingold),2 introduced on March 19 as H.R. 3526 by Messrs. Shays and Meehan. This report summarizes and compares H.R. 3581, H.R. 3526, and current law.
Campaign Finance Reform: Comparison of Current Law with H.R. 3 and S. 3, As Passed by the House and Senate in the 103d Congress: No Description Available.
Capital Gains and Securities Transactions Taxation in Japan: Fact Sheet: This fact sheet provides information on the taxation of securities transactions and capital gains income in Japan at the national level.
China and the Multilateral Development Banks: Congress is currently considering appropriations for U.S. contributions to the World Bank and other multilateral development banks (MDBs) as well as separate legislation that would require U.S. representatives to these institutions to oppose all concessional loans to China. This report provides a brief analysis of China’s relationship with the MDBs to highlight some issues and help Members of Congress, congressional staff, and observers better understand the context for the current debates in Congress and the multilateral agencies.
China and the Multilateral Development Banks: Congress is currently considering appropriations for U.S. contributions to the World Bank and other multilateral development banks (MDBs) as well as separate legislation that would require U.S. representatives to these institutions to oppose all concessional loans to China. This report provides a brief analysis of China’s relationship with the MDBs to highlight some issues and help Members of Congress, congressional staff, and observers better understand the context for the current debates in Congress and the multilateral agencies.
Consumer Bankruptcy Reform: Proposals Before the 105th Congress: This report examines current consumer bankruptcy practice and the proposals set forth in the reform bills. Also considered are the legislative history of the current consumer bankruptcy scheme, and topics likely to be debated as Congress proceeds to consider consumer bankruptcy reform.
Consumer Proposals in the Bankruptcy Reform Act of 1998: H.R. 3150, 105th Congress, 2d Session (1998): This report considers the legislative history of the current consumer bankruptcy scheme. It examines current consumer bankruptcy practice and surveys the consumer proposals set forth in Title I of H.R. 3150, with an emphasis on the likely impact of the bill on family support obligations.
Cost-Benefit Analysis: Issues in Its Use in Regulation: This report sketches issues underlying broader use of cost-benefit analysis. It focuses on cost-benefit as one of several related frameworks for assessing regulatory actions or policies. Cost-benefit is the broadest of these frameworks, which also include impact assessment, risk assessment, and cost-effectiveness. Which analytical framework is appropriate depends on the regulatory context.
Credit Union Common Bond Ruling: NCUA v. First National Bank and Trust Co._U.S._ (No. 96-843): On February 25, 1998, the Supreme Court ruled that federal credit unions may not consist of more than one occupational group having a single common bond. On April 1, the House passed H.R. 1151 (H.Rept. 105-472), which grandfathers existing credit unions and sets standards for future multi-group credit unions.
Current Social Security Issues: Social Security is the focus of intense public interest. Projected long-range funding problems, public skepticism about its future, and a growing perception that Social Security will not be as good a value for future retirees as it is today are fueling calls for reform. This report discusses a number of the major Social Security issues currently drawing congressional attention.
The Daiwa Bank Problems: Background and Policy Issues: On November 2, 1995, U.S. banking authorities ordered the Daiwa Bank to close its banking operations in the United States, and a 24-count criminal indictment was issued against it. These actions stem from the bank's admission that Toshihide Iguchi, a rogue trader at its New York branch office, had incurred $1.1 billion in losses over eleven years from trading U.S. Treasury securities and that Daiwa managers had "directed that those losses be concealed" from U.S. regulators.
Effects of Flat Taxes and Other Proposals on Housing: An Overview: Studies have estimated that some of these revisions would cause a decline in demand for houses and significant reduction in house prices--perhaps in excess of 15 percent. These studies, however, presumed a fixed supply of housing; even a limited supply response would greatly decrease predicted asset price effects. Supply response is likely to be large in the long run and not insignificant in the short run. Effects on housing demand might also be mitigated by increases in savings rates and lower interest rates. Thus, effects of the flat tax on housing prices are likely to be limited in the short run and very small in the long run. Rental housing demand, on the other hand, would be encouraged with a shift to a consumption tax base.
Environmental, Health, and Safety Tradeoffs: A Discussion of Policymaking Opportunities and Constraints: This report discusses the implications of cost-benefit analysis and risk assessment in the context of congressional and administrative decision-making structures. It identifies constraints on flexible decision-making and some implications of trying to overcome them.
Environmental Protection: How Much it Costs and Who Pays: A recurring issue in environmental policy is the cost of pollution control imposed on individuals, businesses, and government. To inform policymakers about these costs, a number of surveys and analyses have been conducted over the years. consistent, basic sources have been an annual survey of costs to manufacturers, conducted by the Bureau of Census(BOC), and an annual analysis of total costs, prepared by the Bureau of Economic Analysis(BEA). Overall, the BEA analysis showed the nation spent $122 billion for pollution abatement and control in 1994, or about 1.76% of Gross Domestic Product. Personal consumption expenditures for pollution control were $22 billion, government 435 billion, and business $65 billion. These 1994 data represent the end of the annual series; the BOC survey and BEA analysis have been discontinued
The Exchange-Rate System: Return to Bretton Woods?: This report focuses on the exchange-rate system set up at Bretton Woods, its breakdown in the 1970s, the current system of managed floating and, finally, proposals to return part or all the way to a more fixed-rate system.
The Federal Debt: Who Bears Its Burdens?: This report discusses the federal debt, which quintupled from FY1980 to FY1995 and went from 26% to 50% of GDP. The report examines changing ideas in regards to what segment of the population most feels the effects of growing government debt, and how its effects manifest.
The Federal Reserve's Arrangement for Emergency Loans to Japanese Banks: The U.S. Federal Reserve reportedly has an arrangement with the Bank of Japan to provide emergency loans to Japanese banks operating overseas in exchange for U.S. Treasury securities. The collateralized loans would be extended on short notice for banks facing emergency liquidity needs. The purpose of the arrangement is to forestall the possible sale by Japanese banks of large amounts of U.S. Government securities (thereby raising U.S. interest rates) and to boost confidence in Japan's financial system. The loans would not risk U.S. taxpayers' funds. The Chairmen of both House and Senate Banking Committees have made statements about the arrangement, thus making it a matter oflegislative interest.
Federal Sales of Natural Resources: Pricing and Allocating Mechanisms: This report describes the systems used by the federal government to price its resources and to determine who gets access to those resources. For some (e.g., timber and leasable minerals), markets are used to set prices, but administrative systems used for some resources may result in prices substantially lower than market values.
The Financial Outlook for Social Security and Medicare: This report provides an overview of the financial outlook for social security and medicare programs.
The Financial Outlook for Social Security and Medicare: This report provides an overview of the financial outlook for Social Security and Medicare programs.
Financial Services Trade with Japan: The 1995 U.S.-Japan Financial Services Agreement further liberalizes aspects of Japan's financial markets, particularly in asset management, corporate securities, cross-border financial services, and in providing greater transparency for administrative procedures. Implementation will have to be monitored, however, and some issues still remain unresolved.
Foreign Direct Investment in the U.S.: Staging a Comeback?: After four years of decline, foreign direct investment in the United States showed sharp gains in 1993 and 1994. Japan remained the largest foreign direct investor in the U.S. economy in 1993, despite a sharp slow down in investments by Japanese firms compared with British firms, the second largest direct investors. The overall foreign direct investment position in U.S. businessesand real estate - or the accumulated book value of all foreign investments - increased by $20 billion in 1993, nearly three times faster than the amount recorded in 1992. Preliminary data indicate that foreigners' investments could surpass $30 billion in 1994. Economists generally believe that foreign direct investment yields positive net benefits to both the recipient and the investing countries. For some American firms, foreign investments have been especially beneficial, because they supplied the firms with funds during times when many U.S. commercial banks were unwilling to finance them.
Forest Roads: Construction and Financing: This report gives an overview of Forest Roads construction and Financing. It discusses the current road system, statistics over the years.
Forest Roads: Construction and Financing: This report gives an overview of Forest Roads construction and Financing. It discusses the current road system, statistics over the years.
Highway Funding, the States, and New Air Quality Standards: The Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA), PL. 102-240, set aside $6 billion from FY1992 to FY1997 for the Congestion Mitigation and Air Quality Program (CMAQ) to assist states in complying with federal air quality standards by funding transportation projects that lower emissions.
International Financial Institutions and Environment: Multilateral Development Banks and the Global Environment Facility: The World Bank and other multilateral development banks (MDB) have come under increasing pressure to assess the environmental impacts of bank-sponsored projects. The U.S. Congress has required that U.S. participation be based on policies that encourage the banks to raise the priority of environmental protection in their operations and to address environmental impacts; however, major issues continue to revolve around the effectiveness of all the MDBs in promoting environmentally sustainable development. Additionally, increasing concern over global environmental problems led to the creation in 1990 of a new multilateral fund -- the Global Environment Facility (GEF) -- to fund environmental projects of global concern that were generally not being funded by the MDBs. The pilot phase of the GEF ended in December 1993, and participants are currently in the process of determining how, or if, it should function as a permanent entity.
International Financial Institutions and Population Programs: A Survey of Current Activity: This report examines the population or family planning activities financed by the international financial institutions (IFIs), based on a survey of their activities.
The International Monetary Fund's (IMF) Proposed Quota Increase: Issues for Congress: No Description Available.
Internet Tax Bills in the 105th Congress: "This report tracks the evolution and content of the Internet tax freedom bills" (p. i).
ISTEA Reauthorization: Highway Related Legislative Proposals in the 105th Congress: Authorizing legislation for federal surface transportation programs highway, highway safety, and transit expired at the end of FY1997. The federal framework for these programs was created by the Intermodal Surface Transportation Efficiency Act of 1991 (P.L. 102-240), better known as ISTEA. ISTEA was the first major highway act of the post interstate highway construction era. As such, it is regarded as landmark legislation.
Japanese and U.S. Economic Involvement in Asia and the Pacific: Comparative Data and Analysis: In a world in which economic and trade performance are fast gaining acceptance as important components of national power and well being, Congress has become increasingly interested in the comparative success of U.S. business in the vast, rapidly growing Asia-Pacific region. For the most part, Congress has tended to view Japan as the main competitor of the United States in Asian markets and the standard against which U.S. success is measured. The stakes for the United States are considerable. Exclusive of Japan, the Asia-Pacific region accounted for $ 92 billion in U.S. exports in 1993 and $ 138 billion in imports, or about 20 percent of total U.S. exports and 24 percent of U.S. global imports. A number of projections indicate that Asia will account for the largest share of world trade growth in the next decade. Japan's growing economic presence has been accompanied by a relative increase in its political influence vis-a-vis that of the United States, a factor of considerable long term significance for U.S. interests, and it would appear the availability of alternative Asian markets has strengthened Japan's resistance to U.S. trade demands.
Japanese Trade Balance and Exchange Rate: Seeing Through the Numbers: Measured in dollars, Japan's global trade surplus stands at a record level. Also in recent months the Japanese yen has appreciated markedly against the dollar. The two events seem to foster a sizable degree of concern among many Americans, perhaps, taken to be evidence of Japan's economic success and the United States' economic failure. Things need not be as they seem, however.
Japan's Banking Crisis: Causes and Probable Effects: Japan's banking sector currently is carrying between $400 billion and $800 billion in non-performing loans that threaten the solvency of certain financial institutions and weaken the Japanese financial system. This problem is of interest to the United States because the stability of Japan's banking system affects the health of that nation's economy, its rate of economic growth, and international capital flows. This, in turn, may affect American exports to, imports from, and investments in Japan. It also has affected Japanese investments in the United States and may affect the resolution of issues being negotiated or recently agreed to with that nation under the Framework Talks.
Managing Farm Risk in a New Policy Era: This report discusses the enhancements to the crop insurance and revenue insurance programs that are expected to be considered by the 106th Congress in order to improve the farm financial safety net and preclude the need for ad hoc legislative assistance.
Medicare: Financing the Part A Hospital Insurance Program: This report discusses Medicare, which consists of two distinct parts — Part A (Hospital Insurance (HI)) and Part B (Supplementary Medical Insurance (SMI)). Part A is financed primarily through payroll taxes levied on current workers and their employers. Income from these taxes is credited to the HI trust fund. Part B is financed through a combination of monthly premiums paid by current enrollees and general revenues. Income from these sources is credited to the SMI trust fund.
Mixing Banking and Commerce Using Federal Deposit Insurance: Industrial Banks and Nonbank Banks: Despite explicit Federal legislation forbidding combining commercial banking with commerce, it remains possible through corporate ownership to combine two kinds of banks with nonbanking activities. Federal legislation does permit combinations that have the effect of allowing some commingling, as is shown below. Continuing efforts to encourage these mixtures may be patterned on industrial banks or nonbank banks, whose operations are favorable for owners such as insurance, securities, or industrial firms.
Multiple-Group Federal Credit Unions: An Update: No Description Available.

Congressional Research Service Reports - 79 Matching Results

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