Congressional Research Service Reports - 117 Matching Results

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FATCA Reporting on U.S. Accounts: Recent Legal Developments

Description: This report discusses the Foreign Account Tax Compliance Act (FACTA) intended to curb tax evasion through the use of offshore accounts and its requirement to for foreign banks to report information on their U.S. citizen account holders to the IRS. It starts with an overview of the foreign financial instituition (FFI) reporting requirements and examines the role of the intergovernmental agreements (IGAs) in implementing them. The report then discusses the confidentiality protections provided to the information reported by FFIs and litigation in which plaintiffs have raised concerns about privacy and the use of IGAs. It ends with a summary of FATCA legislation introduced in the 114th Congress.
Date: September 7, 2016
Creator: Lunder, Erika K. & Pettit, Carol A.
Partner: UNT Libraries Government Documents Department

DOJ Brings Forfeiture Action to Seize and Return $1 Billion Embezzled Malaysian Government Assets

Description: This report discuses the Department of Justice's (DOJ's) civil forfeiture action against $1 billion worth of assets bought with money embezzled from the government of Malaysia by high-level officials in Malaysia from 2009 to 2015.
Date: August 15, 2016
Creator: Library of Congress. Congressional Research Service.
Partner: UNT Libraries Government Documents Department

Finance and Adjustment: The International Debt Crisis, 1982-84

Description: This report provides an overview of the international debt problem which has significantly disturbed the international economic environment of the 1980s. It describes the characteristics of the less developed country (LDC) debt and discusses the role of major participants in the debt crisis. The study shows how the role of the participants has evolved during the crisis. Lastly, some of the issues arising from the debt crisis are discussed.
Date: September 17, 1984
Creator: Wertman, Patricia A
Partner: UNT Libraries Government Documents Department

Multilateral Development Banks: How the United States Makes and Implements Policy

Description: This report discusses how U.S. policy towards the multilateral development banks (MDBs) is developed and implemented in the executive branch and the agencies that are involved. It also analyzes the three main sources of congressional influence--legislative authority, the power of the purse, and oversight activities-- on U.S. policy towards the development banks. Finally, it examines the levels of funding Congress has approved for MDBs, budgetary issues and the policy directives that Congress has initiated over the years.
Date: December 17, 2010
Creator: Sanford, Jonathan E.
Partner: UNT Libraries Government Documents Department

The Committee on Foreign Investment in the United States (CFIUS)

Description: This report discusses the Committee on Foreign Investment in the United States (CFIUS). CFIUS is an interagency committee that serves the President in overseeing the national security implications of foreign investment in the economy. Originally established by an Executive Order of President Ford in 1975, the committee generally has operated in relative obscurity.
Date: July 29, 2010
Creator: Jackson, James K.
Partner: UNT Libraries Government Documents Department

IMF Reforms: Issues for Congress

Description: This report provides information about the reforms made by the Board of Governors of the International Monetary Fund (IMF) in December 2010, Congress's role in the reform process, and how the reforms could affect U.S. interests at the IMF.
Date: March 11, 2014
Creator: Nelson, Rebecca M. & Weiss, Martin A.
Partner: UNT Libraries Government Documents Department

International Monetary Fund: Background and Issues for Congress

Description: This report evaluates the purpose, membership, financing, and focus of the International Monetary Fund's (IMF) activities. It also discusses the role of Congress in shaping U.S. policy at the IMF and concludes by addressing key issues, both legislative and oversight-related, that Congress may wish to consider, including: the role of the IMF as a lender of last resort; the adequacy of IMF resources; and the effectiveness of IMF surveillance.
Date: July 17, 2014
Creator: Weiss, Martin A.
Partner: UNT Libraries Government Documents Department

International Monetary Fund: Background and Issues for Congress

Description: This report evaluates the purpose, membership, financing, and focus of the International Monetary Fund's (IMF) activities. It also discusses the role of Congress in shaping U.S. policy at the IMF and concludes by addressing key issues, both legislative and oversight-related, that Congress may wish to consider.
Date: March 21, 2013
Creator: Weiss, Martin A.
Partner: UNT Libraries Government Documents Department

IMF Reforms: Issues for Congress

Description: This report provides information about the reforms made by the Board of Governors of the International Monetary Fund (IMF) in December 2010, Congress's role in the reform process, and how the reforms could affect U.S. interests at the IMF.
Date: April 9, 2015
Creator: Nelson, Rebecca M. & Weiss, Martin A.
Partner: UNT Libraries Government Documents Department

International Monetary Fund: Background and Issues for Congress

Description: This report evaluates the purpose, membership, financing, and focus of the International Monetary Fund's (IMF) activities. It also discusses the role of Congress in shaping U.S. policy at the IMF and concludes by addressing key issues, both legislative and oversight-related, that Congress may wish to consider, including: the role of the IMF as a lender of last resort; the adequacy of IMF resources; and the effectiveness of IMF surveillance.
Date: September 19, 2011
Creator: Weiss, Martin A.
Partner: UNT Libraries Government Documents Department

Foreign Direct Investment in the United States: An Economic Analysis

Description: Foreign direct investment in the United States declined sharply after 2000, when a record $300 billion was invested in U.S. businesses and real estate. [Note: The United States defines foreign direct investment as the ownership or control, directly or indirectly, by one foreign person (individual, branch, partnership, association, government, etc.) of 10% or more of the voting securities of an incorporated U.S. business enterprise or an equivalent interest in an unincorporated U.S. business enterprise. 15 CFR § 806.15 (a)(1).]
Date: February 1, 2011
Creator: Jackson, James K.
Partner: UNT Libraries Government Documents Department

China's Holdings of U.S. Securities: Implications for the U.S. Economy

Description: This report examines the importance to the U.S. economy of China's investment in U.S. securities, as well as U.S. concerns over the possibility that China might unload a large share of those holdings, including the likelihood that this would occur, and the potential implications such action could have for the U.S. economy. The report concludes that a large sell-off of Chinese Treasury securities holdings could negatively affect the U.S. economy, at least in the short-run. As a result, such a move could diminish U.S. demand for Chinese products and thus could lower China's economic growth as well.
Date: February 27, 2008
Creator: Morrison, Wayne M. & Labonte, Marc
Partner: UNT Libraries Government Documents Department

Iraq's Debt Relief: Procedure and Potential Implications for International Debt Relief

Description: This report discusses the Iraqi debt problem in three parts: (1) an overview of the Iraq debt situation following the ouster of the Saddam regime, (2) subsequent debt relief negotiations and their resolution, and (3) possible implications for future international debt relief cases.
Date: January 26, 2009
Creator: Weiss, Martin A.
Partner: UNT Libraries Government Documents Department

International Monetary Fund: Background and Issues for Congress

Description: This report evaluates the purpose, membership, financing, and focus of the International Monetary Fund's (IMF) activities. It also discusses the role of Congress in shaping U.S. policy at the IMF and concludes by addressing key issues, both legislative and oversight-related, that Congress may wish to consider, including: the role of the IMF as a lender of last resort; the adequacy of IMF resources; and the effectiveness of IMF surveillance.
Date: June 12, 2012
Creator: Weiss, Martin A.
Partner: UNT Libraries Government Documents Department

Foreign Holdings of Federal Debt

Description: This report presents current data on estimated ownership of U.S. Treasury securities and major holders of federal debt by country. Federal debt represents the accumulated balance of borrowing by the federal government.
Date: March 28, 2016
Creator: Labonte, Marc & Nagel, Jared C.
Partner: UNT Libraries Government Documents Department

Asian Infrastructure Investment Bank (AIIB)

Description: This report discusses China's proposal of creating a new multilateral development bank (MDB), the Asian Infrastructure Investment Bank (AIIB) with the purpose to provide financing for infrastructure needs throughout Asia, as well as in neighboring regions.
Date: February 3, 2017
Creator: Weiss, Martin A.
Partner: UNT Libraries Government Documents Department

Multilateral Development Banks: Overview and Issues for Congress

Description: This report provides an overview of Multilateral Development Banks (MDBs) and highlights major issues for Congress. The first section discusses how the MDBs operate, including the history of the MDBs, their operations and organizational structure, and the effectiveness of MDB financial assistance. The second section discusses the role of Congress in the MDBs, including congressional legislation authorizing and appropriating U.S. contributions to the MDBs; congressional oversight; and U.S. commercial interests in the MDBs.
Date: November 8, 2013
Creator: Nelson, Rebecca M.
Partner: UNT Libraries Government Documents Department

Iraq's Debt Relief: Procedure and Potential Implications for International Debt Relief

Description: This report proceeds in three parts. The first provides a snapshot of the Iraq debt situation following the ouster of the Saddam regime. The second discusses subsequent debt relief negotiations and their resolution. The third presents three possible implications for future debt relief cases that arise from Iraq’s experience. They are: (1) a willingness by the international community to grant a stay on the enforcement of creditor rights, (2) an increased flexibility in Paris Club debt relief decisions, and (3) an unwillingness by successor regimes to claim that their debt is odious and repudiate it.
Date: April 21, 2006
Creator: Weiss, Martin A
Partner: UNT Libraries Government Documents Department