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Bonus Depreciation: Economic and Budgetary Issues

Description: This report discusses bonus depreciation as either a temporary stimulus provision or a permanent part of the tax code.
Date: March 24, 2014
Creator: Gravelle, Jane G.
Item Type: Report
Partner: UNT Libraries Government Documents Department

Federal Reserve: Unconventional Monetary Policy Options

Description: This report discusses the Federal Reserve (Fed) unconventional policies in an attempt to reduced the federal funds rate and revive the economy. The Fed has also changed its communication policies since rates reached the zero bound.
Date: February 6, 2014
Creator: Labonte, Marc
Item Type: Report
Partner: UNT Libraries Government Documents Department

Federal Reserve: Oversight and Disclosure Issues

Description: The report discusses recently-enacted legislation and legislation introduced in the 113th Congress related to the Federal Reserve (Fed). It also provides information about the potential impact of greater oversight and disclosure on the Fed's independence and its ability to achieve its macroeconomic and financial stability goals.
Date: April 15, 2014
Creator: Labonte, Marc
Item Type: Report
Partner: UNT Libraries Government Documents Department

Millennium Challenge Corporation

Description: 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.
Date: April 8, 2014
Creator: Tarnoff, Curt
Item Type: Report
Partner: UNT Libraries Government Documents Department

Millennium Challenge Corporation

Description: 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.
Date: July 1, 2014
Creator: Tarnoff, Curt
Item Type: Report
Partner: UNT Libraries Government Documents Department

Tax Rates and Economic Growth

Description: This report summarizes the evidence on the relationship between tax rates and economic growth, referring in a number of cases to more-detailed CRS reports.
Date: January 2, 2014
Creator: Gravelle, Jane G. & Marples, Donald J.
Item Type: Report
Partner: UNT Libraries Government Documents Department

Restrictions on Itemized Tax Deductions: Policy Options and Analysis

Description: This report analyzes various proposals to restrict itemized deductions--both across-the-board and individually tailored--using standard economic criteria of economic efficiency, distribution, simplicity, and estimated revenue effects. In particular, this report estimates each proposal's potential to contribute to revenue-neutral reductions in income tax rates and the consequences for economic behavior.
Date: March 10, 2014
Creator: Gravelle, Jane G. & Lowry, Sean
Item Type: Report
Partner: UNT Libraries Government Documents Department

Federal Reserve: Oversight and Disclosure Issues

Description: This report provides an overview of existing Fed oversight and disclosure practices. The report also considers the potential impact of greater oversight and disclosure on the Fed's independence and its ability to achieve its macroeconomic and financial stability goals.
Date: September 19, 2014
Creator: Labonte, Marc
Item Type: Report
Partner: UNT Libraries Government Documents Department

Budgetary and Distributional Effects of Adopting the Chained CPI

Description: This report examines the budgetary and distributional effects of using what is referred to as the Chained Consumer Price Index (C-CPI-U or chained CPI) as the official measure of inflation for adjusting federal revenue and spending programs for inflation.
Date: March 7, 2014
Creator: Marples, Donald J.
Item Type: Report
Partner: UNT Libraries Government Documents Department

Federal Reserve: Oversight and Disclosure Issues

Description: The report discusses recently-enacted legislation and legislation introduced in the 113th Congress related to the Federal Reserve (Fed). It also provides information about the potential impact of greater oversight and disclosure on the Fed's independence and its ability to achieve its macroeconomic and financial stability goals.
Date: July 25, 2014
Creator: Labonte, Marc
Item Type: Report
Partner: UNT Libraries Government Documents Department

Section 179 and Bonus Depreciation Expensing Allowances: Current Law, Legislative Proposals in the 113th Congress, and Economic Effects

Description: This report examines the current status, legislative history, and main economic effects (including their efficacy as an economic stimulus tool) of the Section 179 and bonus depreciation allowances. It also identifies legislative initiatives in the 113th Congress to modify either allowance.
Date: April 9, 2014
Creator: Guenther, Gary
Item Type: Report
Partner: UNT Libraries Government Documents Department

Monetary Policy and the Federal Reserve: Current Policy and Conditions

Description: 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.
Date: January 7, 2014
Creator: Labonte, Marc
Item Type: Report
Partner: UNT Libraries Government Documents Department

Troubled Asset Relief Program (TARP): Implementation and Status

Description: This report provides a brief outline of the programs created under the Troubled Asset Relief Program (TARP), 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.
Date: January 15, 2014
Creator: Webel, Baird
Item Type: Report
Partner: UNT Libraries Government Documents Department

Financing the U.S. Trade Deficit

Description: This report provides an overview of the U.S. balance of payments, an explanation of the broader role of capital flows in the U.S. economy, an explanation of how the country finances its trade deficit or a trade surplus, and the implications for Congress and the country of the large inflows of capital from abroad.
Date: March 24, 2014
Creator: Jackson, James K.
Item Type: Report
Partner: UNT Libraries Government Documents Department

The Distribution of Household Income and the Middle Class

Description: This report provides an analysis of the distribution of household income in the United States and a discussion of "the middle class" in terms of absolute and relative income.
Date: March 10, 2014
Creator: Elwell, Craig K.
Item Type: Report
Partner: UNT Libraries Government Documents Department

Monetary Policy and the Federal Reserve: Current Policy and Conditions

Description: 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.
Date: June 1, 2014
Creator: Labonte, Marc
Item Type: Report
Partner: UNT Libraries Government Documents Department

"Living Wills": The Legal Regime for Constructing Resolution Plans for Certain Financial Institutions

Description: One of the chief objectives of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA) is to promote financial stability within the United States, without the need for emergency governmental assistance to troubled firms. To achieve this goal, the DFA establishes a heightened regulatory regime for certain, generally large "covered financial institutions." A pillar of this heightened regulatory regime is that each covered financial institution must submit "credible" plans to the Board of Governors of the Federal Reserve System (FRB) and the Federal Deposit Insurance Corporation (FDIC) detailing how the firm could be quickly resolved in an orderly fashion under the U.S. Bankruptcy Code or other applicable insolvency regime "in the event of a material financial distress or failure." These resolution plans are commonly referred to as "living wills." This report reviews the legal structure of the DFA's living will requirements, pursuant to both DFA Section 165(d) and the regulations and guidance issued jointly by the FRB and FDIC, and explains the August 2014 joint announcement of the FRB and FDIC regarding the inadequacies of the 2013 living wills filed by the 11 largest, most complex financial institutions in the country. This report also examines some of the steps that these institutions might voluntarily take.
Date: December 4, 2014
Creator: Carpenter, David H.
Item Type: Report
Partner: UNT Libraries Government Documents Department

Systemically Important or "Too Big to Fail" Financial Institutions

Description: This report discusses the economic issues raised by "too big to fail" (TBTF), the historical experience with TBTF before and during the financial crisis of the 2000s, broad policy options, and policy changes made by the relevant Dodd-Frank provisions.
Date: September 19, 2014
Creator: Labonte, Marc
Item Type: Report
Partner: UNT Libraries Government Documents Department

Designating Systemically Important Financial Institutions (SIFIs)

Description: This report discusses congressional concerns regarding the Financial Stability Oversight Council's (FSOC) authorization to designate certain non-bank entities as Systemically Important Financial Institutions (SIFI).
Date: August 28, 2014
Creator: Labonte, Marc
Item Type: Report
Partner: UNT Libraries Government Documents Department

Systemically Important or "Too Big to Fail" Financial Institutions

Description: This report discusses the economic issues raised by "too big to fail" (TBTF), the historical experience with TBTF before and during the financial crisis of the 2000s, broad policy options, and policy changes made by the relevant Dodd-Frank provisions.
Date: August 8, 2014
Creator: Labonte, Marc
Item Type: Report
Partner: UNT Libraries Government Documents Department