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Systemically Important or "Too Big to Fail" Financial Institution.
This report discusses the "To Big To Fail" (TBTF) system of the government intervening and bailing out certain companies whose collapse is deemed too disruptive to the American financial market to let occur. This report discusses the economic issues raised by TBTF, broad policy options, and policy changes made by the relevant Dodd-Frank provisions.
Small Business Administration Microloan Program
The Small Business Administration’s (SBA’s) Microloan program provides direct loans to qualified nonprofit intermediary lenders who, in turn, provide “microloans” of up to $50,000 to small businesses and nonprofit child care centers. It also provides marketing, management, and technical assistance to microloan borrowers and potential borrowers. This report opens with a discussion of the rationale provided for having a Microloan program, describes the program’s eligibility standards and operating requirements for lenders and borrowers, and examines the arguments presented by the program’s critics and advocates. It then discusses P.L. 111-240, the Small Business Jobs Act of 2010, which increased the Microloan program’s loan limit for borrowers from $35,000 to $50,000, and the aggregate loan limit for intermediaries after their first year of participation in the program from $3.5 million to $5 million.
Research Tax Credit: Current Law and Policy Issues for the 114th Congress
Technological innovation is a primary engine of long-term economic growth, and research and development (R&D) serves as the lifeblood of innovation. The federal government encourages businesses to invest more in R&D than they otherwise would in several ways, including a tax credit for increases in spending on qualified research above a base amount. This report describes the current status of the credit, summarizes its legislative history, discusses policy issues it raises, and describes legislation to modify and extend it.
Federal Land Ownership: Acquisition and Disposal Authorities
This report describes the primary authorities of the following agencies for acquiring and disposing of federal land. These four federal agencies--the National Park Service (NPS), U.S. Fish and Wildlife Service (FWS), and Bureau of Land Management (BLM), all in the Department of the Interior (DOI), and the U.S. Forest Service (FS) in the Department of Agriculture--administer about 95% of those lands.
The Power to Regulate Commerce: Limits on Congressional Power
This report discusses the Commerce Clause of the United States Constitution, which provides that the Congress shall have the power to regulate interstate and foreign commerce.
The Debt Limit: History and Recent Increases
This report discusses how the total debt of the federal government can increase, an historical overview of debt limits, and how the current economic slowdown has led to higher deficits and thereby a series of debt limit increases, as well as legislation related to these increases.
Trade Reorganization: Overview and Issues for Congress
On January 13, 2012, President Obama asked Congress for authority to reorganize and consolidate into one department the business- and trade-related functions of six federal entities. U.S. policymakers' interest in the organizational structure of U.S. government trade functions has grown in recent years, stimulated by congressional and federal efforts to promote U.S. exports and employment, including through the National Export Initiative (NEI). Interest also has been stimulated by national debates on reducing federal spending and the size of the U.S. government. This report looks at the policy debate and role of Congress in such a move.
SEC Climate Change Disclosure Guidance: An Overview and Congressional Concerns
Issues regarding the Congressional appeal of the January 27, 2010 SEC-published 'Commission Guidance Regarding Disclosure Related to Climate Change', which clarifies how publicly traded corporations should apply existing SEC disclosure rules to certain mandatory financial filings with the SEC regarding the risk that climate change developments may have on their businesses.
Economic Recovery: Sustaining U.S. Economic Growth in a Post-Crisis Economy
A look at how Congress' has been proactive in helping the economy recover after the 2008-2009 recession, as well as how it can help to keep recessions at bay in the future. Issues regards to this are typical post-war recessions, insufficient pace of private spending, and long-term debt problem.
Outsourcing and Insourcing Jobs in the U.S. Economy: Evidence Based on Foreign Investment Data
The impact of foreign direct investment on U.S. employment is provoking a national debate regarding U.S. job creation versus outsourcing. Many economists argue that there is little evidence to support the notion that the overseas investment activities of U.S. multinational companies play a significant role in the rate at which jobs are created in the U.S. economy. They argue that the source of job creation in the economy is rooted in the combination of macroeconomic policies the nation has chosen, the rate of productivity growth, and the availability of resources. This report addresses these issues by analyzing the extent of direct investment into and out of the economy, the role such investment plays in U.S. trade, jobs, and production, and the relationship between direct investment and the broader economic changes that are occurring in the U.S. economy.
Federal Contracting and Subcontracting with Small Businesses: Issues in the 112th Congress
This report describes and analyzes measures that Members of the 112th Congress have enacted or proposed in response to particular issues pertaining to small business contracting and subcontracting.
The Debt Limit: History and Recent Increases
This report discusses how the total debt of the federal government can increase, an historical overview of debt limits, and how the current economic slowdown has led to higher deficits and thereby a series of debt limit increases, as well as legislation related to these increases.
U.S. International Trade: Trends and Forecasts
This report discusses the U.S. trade deficit in light of the 2008 global financial crisis, with emphasis on international trade and U.S. trade policy, most recent developments in trade of goods and service, trade forecasts for the future, and how issues such as the U.S. trade deficit and international trade, particularly with China, are commonly perceived.
The Proposed AT&T/T-Mobile Merger: Would It Create a Virtuous Cycle or a Vicious Cycle?
This report discusses the pros and cons of a proposed AT&T and T-Mobile merger. The largest con would be that the merged company would have over 70% of the cell phone market share. The largest pro would be that a merged company would be able to provide better service to its customers. The report also gives a brief overview of the mobile phone industry as a whole.
Deepwater Horizon Oil Spill: Highlighted Actions and Issues
This report highlights actions taken and issues raised as a result of the April 20, 2010, explosion on the Deepwater Horizon offshore drilling rig, and the resulting oil spill in the Gulf of Mexico.
The Debt Limit: History and Recent Increases
This report discusses how the total debt of the federal government can increase, an historical overview of debt limits, and how the current economic slowdown has led to higher deficits and thereby a series of debt limit increases, as well as legislation related to these increases.
The Debt Limit: History and Recent Increases
This report discusses how the total debt of the federal government can increase, an historical overview of debt limits, and how the current economic slowdown has led to higher deficits and thereby a series of debt limit increases, as well as legislation related to these increases.
DOD Leases of Foreign-Built Ships: Background for Congress
This report briefly discusses the Department of Defense leases of foreign-built ships, the opponents of this practice, and related legislation.
Job Loss and Infrastructure Job Creation Spending During the Recession
This report takes an in-depth look at job creation estimates, including the limitations of the methodology often used to derive them and the difficulties associated with developing job estimates for green infrastructure in particular. The report views these topics in the context of the 2007-2008 recession and its aftermath. The report closes with a review of what is known to date about the number of jobs supported by infrastructure spending and other provisions in the American Recovery and Reinvestment Act (ARRA, P.L. 111-5).
U.S. Motor Vehicle Industry: Federal Financial Assistance and Restructuring
This report focuses on the current situation faced by the Detroit 3, key aspects of their current crisis, including possible consequences of a failure of one or more companies, and some aspects of legislative actions that have been considered to bridge their financial conditions to a more stable situation.
FDA Tobacco Regulation: The Family Smoking Prevention and Tobacco Control Act of 2009
This report focuses on the Family Smoking Prevention and Tobacco Control Act. It includes a brief discussion of the contrasting views of FDA tobacco regulation held by the public health community and the industry, and provides some analysis of a number of key regulatory issues that the bill raises.
The Global Financial Crisis: Increasing IMF Resources and the Role of Congress
This report provides information on the role the IMF has played in the financial crisis, international agreement to increase the financial resources of the IMF, and the role of Congress in increasing the Fund's resources. As will be discussed in detail at the end of the report, congressional authorization, and perhaps appropriation, would be required to increase U.S. contributions to the IMF.
The Global Financial Crisis: Lessons from Japan's Lost Decade of the 1990s
This report reviews the major actions by the Japanese government in dealing with its financial crisis and highlights some of the lessons learned from their experience in the 1990s.
The Debt Limit: History and Recent Increases
This report discusses how the total debt of the federal government can increase, a historical overview of debt limits, and how the current economic slowdown has led to higher deficits and thereby a series of debt limit increases, as well as legislation related to these increases.
Social Security: Trust Fund Investment Practices
This report explains current Social Security trust fund investment practices and briefly describes the issues involved in changing how the trust funds are invested.
"Price Gouging," the Antitrust Laws, and Vertical Integration in the Petroleum Industry: How They Are Related
This report, which may be updated to further reflect congressional action, attempts to provide the antitrust context for prohibited practices, such as "price gouging"; notes prior congressional action concerning vertical divestiture in the petroleum industry; and provides information on the state "divorcement" statutes.
DOD Leases of Foreign-Built Ships: Background for Congress
The Department of Defense (DOD) in recent years has leased some foreign-built cargo ships for total periods, including options and renewals, of almost 10 years - a length of time that some observers argue effectively circumvents a legal requirement that U.S. military ships be built in U.S. shipyards. These observers, particularly the American Shipbuilding Association (ASA), have proposed reducing the current five-year legal limit on ship leases to two years for foreign-built ships. DOD has opposed the idea, arguing that its ship leases are the most cost-effective way to meet its needs for the ships in question.
Memorials: Creating National, State, and Local Memorials
This report provides information on the mandatory steps to building a memorial on federal property in the District of Columbia. It also provides information on creating memorials in Arlington National Cemetery, within the Department of Veterans Affairs National Cemetery System, and in state veterans' cemeteries. In addition, it discusses public and private initiatives at the state and local levels to create memorials including successful local fund-raising efforts.
Days Reserved for Special Business in the House
This report provides information about the Days Reserved for Special Business in the House.several provisions in the rules of the house provide for certain types of business to be privileged for consideration on special days.
Gasoline Prices: Legislation in the 110th Congress
This report gives information related to the high prices of Gasoline and legislation in the 110th Congress.
Outsourcing and Insourcing Jobs in the U.S. Economy: An Overview of Evidence Based on Foreign Investment Data
Foreign direct investment is sparking a national debate. Local communities compete for investment projects, while many of the residents of those communities fear losing their jobs to foreign outsourcing. Some opponents argue that such job losses have disproportionately negative impact on local communities. Economists generally argue that free and unimpeded international capital flows have a positive impact on both domestic and foreign economies. This report provides an overview of CRS Report RL32461, Outsourcing and Insourcing Jobs in the U.S. Economy: Evidence Based on Foreign Investment Data, that analyzes the extent of direct investment into and out of the economy and the relationship between direct investment and the broader economic changes that are occurring in the U.S. economy.
Outsourcing and Insourcing Jobs in the U.S. Economy: Evidence Based on Foreign Investment Data
This report addresses the debate of job creation in the U.S. versus job outsourcing and its effects on the economy by analyzing the extent of direct investment into and out of the economy, the role such investment plays in U.S. trade, jobs, and production, and the relationship between direct investment and the broader economic changes that are occurring in the U.S. economy.
Regulation of Energy Derivatives
After the collapse of Enron Corp. in late 2001, that company's activities came under intense scrutiny. Much of its business consisted of trading financial contracts whose value was derived from changes in energy prices. Enron's derivatives trading was largely "over-the-counter" (OTC) and unregulated: little information about transactions was available. This incident has sparked interest in reform of energy derivatives regulation. This report summarizes energy derivatives regulation and proposed legislation.
Health and Safety Concerns Over U.S. Imports of Chinese Products: An Overview
China is a major source of U.S. imports of consumer products (such as toys) and an increasingly important supplier of various food products. Reports of unsafe seafood, pet food, toys, tires, and other products imported from China over the past year or so have raised concern in the United States over the health, safety, and quality of imported Chinese products. This report provides an overview of this issue and implications for U.S.-China trade relations.
The Pattern of Interest Rates: Does it Signal an Impending Recession?
The cyclical behavior of the economy is of great interest to Congress, yet the onset of an economic downturn is seldom recognized promptly. Policymakers frequently search for reliable recession predictors. The behavior of interest rates may provide advanced warning of an impending downturn. The easing of monetary policy in evidence since September 2007 is consistent with efforts to forestall or minimize an economic downturn. Economic growth has been low since the last quarter of 2007, and some forecasters are now predicting a recession in 2008.
Foreign Direct Investment: Current Issues
This report presents an overview of current issues related to foreign direct investment in the economy and the development of U.S policy toward inward and outward direct investment. It also assesses the role of foreign direct investment in the economy and the costs and benefits of direct investment.
The Terrorism Risk Insurance Program: Current Issues and Background
This report provides an overview of the current Terrorism Risk Insurance Act (TRIA) program, how the program has changed over time, and general background on the issue.
Bovine Spongiform Encephalopathy (BSE, or “Mad Cow Disease”): Current and Proposed Safeguards
This report discusses the then Current and Proposed Safeguards related to Bovine Spongiform Encephalopathy (BSE, or “Mad Cow Disease”) in the United States.
Distributional Effects of Taxes on Corporate Profits, Investment Income, and Estates
Recent tax reductions reduce the effective tax rate on capital income in several different ways. Taxes on capital arise from individual taxes on dividends, interest, capital gains, and income from non-corporate businesses. This report contains data on the distribution of income by type and class, shifting the incidence of taxes, the effect of the savings response, and related information.
Industrial Competitiveness and Technological Advancement: Debate Over Government Policy
There is ongoing interest in the pace of U.S. technological advancement due to its influence on U.S. economic growth, productivity, and international competitiveness. Because technology can contribute to economic growth and productivity increases, congressional interest has focused on how to augment private-sector technological development. Congressional action has mandated specific technology development programs and obligations in federal agencies that did not initially support such efforts. Some legislative activity, beginning in the 104th Congress, has been directed at eliminating or significantly curtailing many of these federal efforts. Questions have been raised concerning the proper role of the federal government in technology development and the competitiveness of U.S. industry. As the 109th congress continues to develop its budget priorities, how the government encourages technological process in the private sector again may be explored and/or redefined.
Renewable Energy: Tax Credit, Budget, and Electricity Production Issues
This report details information such as history and analyses of renewable energy tax credit, budget, and electricity production issues.
Dairy Policy Issues
This report discusses several dairy issues that have been or are being considered by the 109th Congress, some of which affect the three major federal dairy policy tools -- the Milk Income Loss Contract (MILC) program, federal milk marketing orders, and the dairy price support program.
Insurance Regulation in the United States and Abroad
This report will first give a statistical overview of various countries and then present a summary of U.S. insurance regulatory structure. This report also provides summaries of the systems in Canada, Australia, and Japan.
Chemical Facility Security
The potential for United States hazardous chemical facilities to become the targets of terrorist attacks is a concern which Congress has begun to address in earnest. While the likelihood of such attacks is low at present, Congress enacted legislation that requires the Department of Homeland Security (DHS) to analyze such facilities and suggest enhancements in security and infrastructure. Such legislation--and future like legislation--could include requiring certain environmental and security standards in the future construction of new hazardous chemical facilities. Congress is focusing on educating the public and holding facility owners accountable to increase security, rather than simply restricting terrorists' access to information about the United States' chemical facility infrastructure.
Gasoline Prices: New Legislation and Proposals
This report discusses legislation and proposals regarding prices of gasoline. Policy options, oil-related legislation, and crude oil prices are among topics covered in this report.
Government Access to Phone Calling Activity and Related Records: Legal Authorities
This report summarizes statutory authorities regarding access by the Government, for either foreign intelligence or law enforcement purposes, to information related to telephone calling patterns or practices.
Gasoline Prices: New Legislation and Proposals
This report discusses legislation and proposals regarding prices of gasoline. Policy options, oil-related legislation, and crude oil prices are among topics covered in this report.
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.
Alternative Fuels and Advanced Technology Vehicles: Issues in Congress
This report describes the Issues in Congress regarding Alternative Fuels and Advanced Technology Vehicles.
Association Health Plans: Legislation in the 109th Congress
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.
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