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Oil and Gas Tax Subsidies: Current Status and Analysis
This report discusses these tax provisions. The first section discusses the origin and evolution of the oil and gas tax subsidies that were incorporated into the 2005 act. The second section summarizes each of the oil and gas tax subsidy provisions in the 2005 energy act and reports its corresponding revenue loss estimate. Section three describes other oil and gas tax subsidies and the final section describes several tax provisions that benefit the oil and gas industry.
Derivatives, Risk Management, and Policy in the Energy Markets
This report provides a systematic guide to understanding the use of financial derivative contracts in the energy industry, focusing specifically on the petroleum and natural gas sectors.
Inequality in the Distribution of Income: Trends and International Comparisons
This report examines the distribution of income in the United States, including factors that may help explain it, how it has changed over time, and how it compares with those of other countries.
Credit Rating Agency Regulatory Reform: A Side-by-Side Comparison of H.R. 2990 and S. 3850
This report provides a side-by-side comparison of the H.R. 2990 and S. 3850 bills’ major provisions.
Fiscal Year 2005 Homeland Security Grant Program: State Allocations and Issues for Congressional Oversight
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Export-Import Bank: Reauthorization
This report discusses the ongoing debate regarding the Export-Import Bank of the United States, a federal government corporation which is the the official export credit agency (ECA) of the U.S. Government.
Financial Services Regulatory Relief in the 109th Congress: H.R. 3505 and S. 2856
This report gives an overview of the major regulatory relief provisions in H.R. 3505 and S. 2856, focusing on their potential impact on bank concentration. The report examines both bills’ provisions to assess whether they are likely to support or discourage bank consolidation. The consolidation of the banking industry arguably reduces competition, which could tend to raise the price of banking services. On the other hand, there is empirical evidence that shows economies of scale in banking, including economies in complying with banking regulations, suggesting larger banks might be able to provide banking services at lower cost than smaller banks.
Saving Incentives: What May Work, What May Not
This report examines why individuals and households save or don’t save, and the effectiveness of the various incentives and inducements in increasing personal and national saving.
Alternative Minimum Taxpayers By State: 2003, 2004, and Projections for 2007
This report
Foreign Investment in U.S. Securities
This report relies on a comprehensive set of data on capital flows, represented by purchase and sales of U.S government securities and U.S and foeign corporate stocks, bonds, into and out of the United States, that is reported by the Treasury Department on a monthly basis.
U.S.-Peru Trade Promotion Agreement
This report examines the U.S.-Peru Trade Promotion Agreement which was originally intended to be part of a broader U.S.-Andean free trade agreement (FTA), but after negotiators failed to reach agreement, Peru and the U.S. decided to move forward on a bilateral basis. The PTPA is a comprehensive trade agreement that, if ratified, would eliminate tariffs and other barriers in goods and services trade between two countries. The labor provisions may be among the more controversial of the agreement.
Why the Dollar Rose in 2005 and the Prospect for 2006: Insights into the State of International Asset Markets and the Global Economy
The dollar exchange rate rose substantially in 2005, halting a three-year decline and moving counter to the expectations of many observers. This report discusses potential reasons for the dollar's appreciation.
The Hill-Burton Uncompensated Services Program
This report provides information on the Hospital Survey and Construction Act of 1946, commonly known as the Hill-Burton Act, the obligations and eligibility requirements for free care, and sources for further information.
Federal Credit Reform: Implementation Of the Changed Budgetary Treatment of Direct Loans and Loan Guarantees
This report explains the provisions of the Federal Credit Reform Act of 1990 (FCRA), examine the implementation of credit reform including credit reform provisions of the Balanced Budget Act of 1997 (BBA97), and discusses proposed modifications of credit reform. In order to achieve these objectives, it is necessary to initially discuss justifications for credit programs, federal credit concepts, and the budgetary treatment of federal credit before the FCRA.
Foreign Investment in U.S. Securities
Foreign capital inflows are playing an important role in the U.S. economy by bridging the gap between domestic supplies of and demand for capital. Foreign investors now hold more than 55% of the publicly-held and -traded U.S. Treasury securities. This report relies on a comprehensive set of data on capital flows, represented by purchases and sales of U.S. government securities and U.S. and foreign corporate stocks, bonds, into and out of the United States, that is reported by the Treasury Department on a monthly basis.
Iraq's Debt Relief: Procedure and Potential Implications for International Debt Relief
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.
Campaign Finance
Concerns over financing federal elections have become a seemingly perennial aspect of our political system, long centered on the enduring issues of high campaign costs and reliance on interest groups for needed campaign funds. This report contains a summary of campaign finance, recent developments, the evolution of the current system, campaign finance practices and related issues, perceived loopholes in current law, policy options, legislative actions of the 108th and 109th Congresses, and related materials.
Softwood Lumber Imports from Canada: Issues and Events
This report provides a concise historical account of the dispute over softwood lumber imports from Canada, summarizes the subsidy and injury evidence, and discusses current issues and events.
Pacific Salmon and Steelhead Trout: Managing Under the Endangered Species Act
This report summarizes the reasons for the Endangered Species Act (ESA) listings and outlines efforts to protect ESA-listed species.
Financing the U.S. Trade Deficit
The U.S. merchandise trade deficit is a part of the overall U.S. balance of payments, a summary statement of all economic transactions between the residents of the United States and the rest of the world, during a given period of time. Some Members of Congress and other observers have grown concerned over the magnitude of the growing U.S. merchandise trade deficit and the associated increase in U.S. dollar-denominated assets owned by foreigners. 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.
Structure and Functions of The Federal Reserve System
This report examines the structure and operations of the major components of the Federal Reserve System, and provides an overview of congressional oversight activities.
FEMA's Flood Hazard Map Modernization Initiative
This report discusses the the National Flood Insurance Program (NFIP), which required the Flood Insurance Administration in the Department of Housing and Urban Development to produce countywide “Flood Insurance Rate Maps,” or FIRMs, to set federal flood insurance premiums based on flood risk.
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