Congressional Research Service Reports - 35 Matching Results
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- Asian Infrastructure Investment Bank (AIIB)
- This report provides background information regarding the Asian Infrastructure Investment Bank (AIIB). The Bank's stated purpose is to provide financing for infrastructure needs throughout Asia, as well as in neighboring regions. As of January 2017, the AIIB has approved nine projects, investing a total of $1.7 billion.
- Asian Infrastructure Investment Bank (AIIB)
- 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.
- Banking Policy Issues in the 115th Congress
- This report provides a broad overview of selected banking-related issues, including prudential regulation, consumer protection, "too big to fail" (TBTF) banks, community banking, regulatory agency structures and independence, and recent market and economic trends. It is not an exhaustive look at all bank policy issues, nor is it a detailed examination of any one issue. Rather, it provides concise background and analyses of certain prominent issues that have been the subject of recent discussion and debate. In addition, this report provides a list of Congressional Research Service reports that examine specific bills, including the Financial CHOICE Act (H.R. 10) and bills proposing to provide regulatory relief for banks.
- The Committee on Foreign Investment in the United States (CFIUS)
- This report discusses the Committee on Foreign Investment in the United States (CFIUS) comprising nine members, two ex officio members, and other members as appointed by the President representing major departments and agencies within the federal executive branch. While the group generally has operated in relative obscurity, the proposed acquisition of commercial operations at six U.S. ports by Dubai Ports World in 2006 placed the group's operations under intense scrutiny by Members of Congress and the public.
- Commodity Futures Trading Commission: Proposed Reauthorization in the 115th Congress
- This report examines selected major H.R. 238 provisions that would authorize appropriations for the Commodity Futures Trading Commission (CFTC) of $250 million for each of FY2017 through FY2021, expand the current 5 cost-benefit analysis provisions in the CEA to 12 considerations and add a requirement that the CFTC conduct quantitative as well as qualitative assessments, potentially broaden the bona fide hedging definition to allow anticipated, as well as current, risks to be hedged, which might increase the number of swaps that qualify as hedges, and mandate that, starting 18 months from enactment, the regulatory requirements of the eight largest foreign swaps markets be considered comparable to those of the United States--unless the CFTC issued a rule finding that any of those foreign jurisdictions' requirements were not comparable to U.S. requirements.
- Corporate Expatriation, Inversions, and Mergers: Tax Issues
- This report discusses corporate inversions and mergers; these actions change the parent company to one based in another country with a low tax rate to avoid paying U.S. corporate taxes. It discusses past attempts and legislation outlawing varying forms of inversion, the most recent regulations issued by the Treasury Department to decrease inversions, and policy options that would remove the incentive for companies to invert.
- Deficits and Debt: Economic Effects and Other Issues
- This report explores distinctions in the concept and composition of deficits and debt and explains how those two measures interact with each other and the general economy.
- The Dodd-Frank Wall Street Reform and Consumer Protection Act: Background and Summary
- This report reviews issues related to financial regulation and provides brief descriptions of major provisions of the Dodd-Frank Act, along with links to CRS products going in to greater depth on specific issues. It does not attempt to track the legislative debate in the 115th Congress.
- "Extraordinary Measures" and the Debt Limit
- This report briefly examines the statutory debt limit and the use of extraordinary measures by the Treasury Department when Congress does not modify the debt limit by the deadline.
- The Financial CHOICE Act (H.R. 10) and the Dodd- Frank Act
- This report discusses the Financial CHOICE Act of 2017 (H.R. 10), a bill that was passed by the House on June 8, 2017.
- The Financial CHOICE Act in the 115th Congress: Selected Policy Issues
- This report highlights major proposals included in the Financial CHOICE Act (FCA) but is not a comprehensive summary. In general, the bill proposes changes that can be divided into two categories: (1) changes to financial policies and regulations and (2) changes to the regulatory structure and rulemaking process. Major policy-related changes proposed by the FCA include the following: Leverage Ratio, Regulatory Relief, To Big To Fail, Funding, Rulemaking, Judicial Review, Enforcement, the Consumer Financial Protection Bureau (CFPB), and the Federal Reserve.
- Financial Stability Oversight Council (FSOC): Structure and Activities
- This report provides an overview of the The Financial Stability Oversight Council's (FSOC's) structure and analyzes FSOC policy-related issues and legislation.
- For First Time, FinCEN Imposes Penalty on Foreign-Based Virtual Currency Exchange for Violations of Anti-Money Laundering Laws
- This report discusses the first case of enforcement by the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) against a foreign-based virtual currency exchange. The action was taken agains BTC-e for violations of anti-money laundering regulations in the U.S. and potential money laundering activities.
- Independence of Federal Financial Regulators: Structure, Funding, and Other Issues
- This report discusses institutional features that make federal financial regulators (and other independent agencies) relatively independent from the President and Congress.
- The Loan Limits for Government-Backed Mortgages
- This report contains brief program descriptions for each of the government-backed housing loan programs and discusses the maximum guarantee amounts for each. The government or quasi-government entities that insure or guarantee mortgages and are discussed in this report are the following: Fannie Mae and Freddie Mac, The Federal Housing Administration (FHA), The Department of Veteran Affairs (VA), and the U.S. Department of Agriculture's Rural Housing Service (RHS).
- Medicare Financial Status: In Brief
- This report discusses the funding sources of Medicare and its financial stability.
- Medicare Primer
- This report provides a general overview of the Medicare program including descriptions of the program's history, eligibility criteria, covered services, provider payment systems, and program administration and financing. A list of commonly used acronyms, as well as information on beneficiary cost sharing, may be found in the appendixes.
- Monetary Policy and the Federal Reserve: Current Policy and Conditions
- This report provides an overview of monetary policy and recent developments. It discusses issues for Congress, including transparency and proposals to change the Federal Reserve's (Fed's) mandate, and ends with a brief overview of the Fed's regulatory responsibilities.
- Monetary Policy and the Federal Reserve: Current Policy and Conditions
- This report provides an overview of monetary policy and recent developments. It discusses issues for Congress, including transparency and proposals to change the Fed's mandate, and ends with a brief overview of the Fed's regulatory responsibilities.
- Normalization of the Federal Reserve's Balance Sheet
- This report answers questions about the Federal Reserve's (Fed's) September 20 announcement that it would begin to normalize its balance sheet in October by gradually reducing its asset holdings.
- Payments for Affordable Care Act (ACA) Cost-Sharing Reductions
- This report discusses President Trump's announcement that the federal government would stop issuing cost-sharing reductions(CSRs) to insurers under the Affordable Care Act (ACA) and potential implications for the insurance market and consumers.
- Proposals to Eliminate Public Financing of Presidential Campaigns
- This report discusses Presidential campaign funding and provides a brief policy overview and raises potential issues for congressional consideration.
- Shutdown of the Federal Government: Causes, Processes, and Effects
- This report is intended to address questions that arise frequently related to the topic of government shutdowns. It discusses the causes of funding gaps and shutdowns of the federal government, processes that are associated with shutdowns, and how agency operations may be affected by shutdowns. The report concludes with a discussion of potential issues for Congress.
- The Small Business Lending Fund
- This report discusses on the Small Business Lending Fund (SBLF). It begins with a discussion of the supply and demand for small business loans. The SBLF's advocates argued that the fund was an important part of a larger effort to enhance the supply of small business loans. After describing the program's structure, the report then examines other arguments that were presented both for and against the program's enactment. Advocates claimed the SBLF would increase lending to small businesses and, in turn, create jobs. Opponents contended that the SBLF could lose money, lacked sufficient oversight provisions, did not require lenders to increase their lending to small businesses, could serve as a vehicle for the Troubled Asset Relief Program (TARP) recipients to effectively refinance their TARP loans on more favorable terms with little or no resulting benefit for small businesses, and could encourage a failing lender to make even riskier loans to avoid higher dividend payments. The report concludes with an examination of the SBLF's implementation by the Department of the Treasury and a discussion of bills introduced during recent Congresses to amend the SBLF.
- Social Security: Cost-of-Living Adjustments
- This report discusses the cost-of-living adjustments (COLAs) for Social Security and the upcoming COLA set to begin in January 2018. Calculations used to determine COLA amounts and a brief history of their use is also included.
- Social Security: The Trust Funds
- This report covers how the Social Security program is financed and how the Social Security trust funds work. It will be updated annually to reflect current projections of the financial status of the Social Security trust funds.
- Social Security: What Would Happen if the Trust Funds Ran Out?
- This report explains what the Social Security trust funds are and how they work. It describes the historical operations of the trust funds and the Social Security trustees' projections of future operations. It explains what could happen if Congress allowed the trust funds to run out. It also analyzes two scenarios that assume Congress waits until the moment of insolvency to act, showing the magnitude of benefit cuts or tax increases needed and how such changes would affect beneficiaries.
- 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.
- Tailoring Bank Regulations: Differences in Bank Size, Activities, and Capital Levels
- This report discusses various types of banks and legislative proposals regarding how to tailor regulations to banks of different sizes.
- Treasury Proposes Rule that Could Deliver a 'Death Sentence" to Chinese Bank
- This report discusses the Treasury Department's Financial Crimes Enforcement Network (FinCEN) proposal to invoke the "Fifth Special Measure" on the Chinese Bank of Dandong for its alleged role in funding and and processing transactions for North Korea's weapons programs.
- Two-Sided Credit Card Markets: The Supreme Court Takes Up Novel Antitrust Issue
- This report discusses the case of "Ohio v. American Express" which the Supreme Court has accepted for hearing which poses the question of how federal antitrust law should treat two-sided markets which are platforms in which two distinct user groups operate in an interdependent way. The case challenges anti-steering clauses in American Express contract agreements with merchants that prevent the merchants from promoting the use of other credit cards. The case has the potential to change the way vendors accept card payments across the country--but the case also provides the Supreme Court with the opportunity to guide the lower courts that are increasingly confronting antitrust issues concerning two-sided markets. As a result, the American Express case raises several issues for Congress that could implicate its legislative and oversight roles with respect to the financial services industry and, more generally, the regulation of two-sided markets.
- Unfunded Mandates Reform Act: History, Impact, and Issues
- This report examines debates over what constitutes an unfunded federal mandate and the Unfunded Mandates Reform Act's (UMRA) implementation. It focuses on UMRA's requirement that CBO issue written cost estimate statements for federal mandates in legislation, its procedures for raising points of order in the House and Senate concerning unfunded federal mandates in legislation, and its requirement that federal agencies prepare written cost estimate statements for federal mandates in rules. It also assesses UMRA's impact on federal mandates and arguments concerning UMRA's future, focusing on UMRA's definitions, exclusions, and exceptions that currently exempt many federal actions with potentially significant financial impacts on nonfederal entities. An examination of the rise of unfunded federal mandates as a national issue and a summary of UMRA's legislative history are provided in Appendix A. Citations to UMRA points of order raised in the House and Senate are provided in Appendix B.
- VA Housing: Guaranteed Loans, Direct Loans, and Specially Adapted Housing Grants
- This report discusses the three types of housing assistance offered by the Veterans Administration (VA): the loan guaranty program, direct loan programs, and Specially Adapted Housing program. Each ones origins, operations, and funding methods are included. The report also has a section that discusses the default and foreclosure of VA-guaranteed loans.
- When an Agency's Budget Request Does Not Match the President's Request: The Fiscal Year 2018 CFTC Request and "Budget Bypass"
- This report discuses two competing 2018 fiscal year budget requests for the Commodity Futures Trading Commission (CFTC) from President Trump and from the CFTC themselves. The Presidential request is $250 million, which is the same amount the CFTC had the past year, while CFTC is requesting an additional $31.5 million in funding for a total request of $ 281.5 million. The process of submitting budgets to the President and Congress is discussed as well as ways to reconcile the two conflicting budget requests.
- Who Regulates Whom? An Overview of the U.S. Financial Regulatory Framework
- This report attempts to set out the basic frameworks and principles underlying U.S. financial regulation and to give some historical context for the development of that system. The first section briefly discusses the various modes of financial regulation and the next section identifies the major federal regulators and the types of institutions they supervise (see Table 1). It then provides a brief overview of each federal financial regulatory agency. Finally, the report discusses other entities that play a role in financial regulation--interagency bodies, state regulators, and international standards.