3.0.0 2252 2019-11-15T21:52:17Z 2019-11-15T21:52:17Z Senate S S 2012-03-29 112 ssfi00 Finance Committee Senate Standing Referred to 2012-03-29T14:46:38Z Healthy Families Act 112 1876 HR 2011-09-08 Referred to the Subcommittee on Workforce Protections. Related bill CRS Wall Street Trading and Speculators Tax Act 112 3313 HR 2011-11-02 Referred to the House Committee on Ways and Means. Related bill CRS Paying a Fair Share Act of 2012 112 3903 HR 2012-02-07 Sponsor introductory remarks on measure. (CR H522) Related bill CRS Carried Interest Fairness Act of 2012 112 4016 HR 2012-02-14 Referred to the House Committee on Ways and Means. Related bill CRS Fair Playing Field Act of 2012 112 4123 HR 2012-03-01 Referred to the House Committee on Ways and Means. Related bill CRS Middle Class Tax Fairness Act of 2012 112 5333 HR 2012-05-07 Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Related bill CRS Fair Minimum Wage Act of 2012 112 6211 HR 2012-09-26 Referred to the Subcommittee on Workforce Protections. Related bill CRS Healthy Families Act 112 984 S 2011-05-12 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced in Senate: CR S2949-2954) Related bill CRS Fair Playing Field Act of 2012 112 2145 S 2012-03-01 Read twice and referred to the Committee on Finance. Related bill CRS Paying a Fair Share Act of 2012 112 2230 S 2012-04-16 Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 51 - 45. Record Vote Number: 65. (consideration: CR S2313; text: CR S2313) Related bill CRS Fair Minimum Wage Act of 2012 112 3453 S 2012-07-26 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S5492) Related bill CRS Rebuild America Act 112 5727 HR 2012-06-04 Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. Identical bill CRS 2012-03-29 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2012-03-29 Introduced in Senate IntroReferral 10000 9 Library of Congress H000206 Sen. Harkin, Tom [D-IA] THOMAS HARKIN D IA RICHARD N Economics and Public Finance Administrative law and regulatory procedures Advanced technology and technological innovations Advisory bodies Aging Alternative and renewable resources Army Corps of Engineers Aviation and airports Bankruptcy Business investment and capital Capital gains tax Census and government statistics Child care and development Civil actions and liability Community life and organization Competitiveness, trade promotion, trade deficits Congressional agencies Congressional officers and employees Congressional oversight Contracts and agency Corporate finance and management Department of Labor Department of the Treasury Disability and paralysis Domestic violence and child abuse Economic development Education programs funding Educational facilities and institutions Elementary and secondary education Emergency planning and evacuation Employee benefits and pensions Employee hiring Employee leave Employment and training programs Employment discrimination and employee rights Employment taxes Energy assistance for the poor and aged Energy efficiency and conservation Environmental health Environmental regulatory procedures Financial crises and stabilization Financial services and investments First responders and emergency personnel Government Accountability Office (GAO) Government employee pay, benefits, personnel management Government information and archives Government lending and loan guarantees Government liability Government studies and investigations Government trust funds Housing and community development funding Human rights Income tax credits Income tax rates Inflation and prices Infrastructure development International monetary system and foreign exchange Labor and Employment Labor-management relations Law enforcement administration and funding Law enforcement officers Library of Congress Manufacturing Pension Benefit Guaranty Corporation Poverty and welfare assistance Preschool education Public transit Research and development Roads and highways Rural conditions and development Sales and excise taxes Securities Self-employed Sex offenses Small business Social security and elderly assistance Solid waste and recycling State and local government operations Tariffs Tax administration and collection, taxpayers Taxation of foreign income Teaching, teachers, curricula Trade agreements and negotiations Transportation programs funding U.S. and foreign investments U.S. territories and protectorates Unemployment User charges and fees Wages and earnings Water use and supply Youth employment and child labor Economics and Public Finance 00 2012-03-29 Introduced in Senate 2012-06-16T16:27:16Z Rebuild America Act - Establishes grant programs for investment in projects to: (1) modernize, renovate, and repair educational facilities; (2) renovate energy systems, including planning and assessment activities and implementation of energy efficiency and renewable energy projects; and (3) rebuild U.S. infrastructure.

Directs the President to develop a comprehensive national manufacturing strategy. Authorizes the Secretary of Commerce to award grants to establish sectoral technology and innovation centers to assist small or medium-sized manufacturers to innovate and develop new products.

Amends the Internal Revenue Code to: (1) extend through 2016 the tax credit for increasing research activities, and (2) increase the alternative simplified research tax credit.

Requires trade-related legislation introduced in Congress after the enactment of this Act to include provisions providing for labor standards, environmental and public safety standards, and foreign investment in the United States. Provides funding for the Interagency Trade Enforcement Center.

Amends the Tariff Act of 1930 to include as a "countervailable subsidy" requiring action under a countervailing duty or antidumping duty proceeding the benefit conferred on merchandise imported into the United States from foreign countries with fundamentally undervalued currency.

Regional Partnerships for High-Quality Jobs Act - Directs the Secretaries of Labor and Education to establish a grant program to educate and train workers for high-quality employment.

College and Career Ready Classrooms Act - Authorizes the Secretary of Education to award grants for the development, implementation, and monitoring of comprehensive, statewide professional development to increase the effectiveness of all teachers in the instruction of college and career-ready state standards and the development and use of curriculum that is aligned with such standards.

Provides for allotments to states to prevent layoffs of teachers, law enforcement officers, and first responders and to retain, restore, or expand critical services needed by local communities.

Authorizes the Secretary of Health and Human Services (HHS) to award grants to states to increase the availability of high-quality childhood care and education programs.

Retirement Security Act of 2012 - Establishes a Commission on Retirement Security to review, and identify problems in, the private retirement system and develop recommendations for improving such system.

Amends the Internal Revenue Code and title II (Old Age, Survivors, and Disability Insurance) of the Social Security Act to increase funding for social security retirement benefits and to increase the cost-of-living adjustment for such benefits.

Healthy Families Act - Allows employees to use accrued paid sick leave to: (1) meet their own medical needs; (2) care for the medical needs of certain family members; or (3) seek medical attention, assist a related person, take legal action, or engage in other specified activities relating to domestic violence, sexual assault, or stalking.

Amends the Fair Labor Standards Act to: (1) increase the minimum wage, and (2) revise salary thresholds for payment of overtime pay.

Allows a work opportunity tax credit for the hiring of workers who receive disability benefits.

Amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax). Establishes the amount of such tax as the excess (if any) of the tentative fair share tax over the excess of: (1) the sum of the taxpayer's regular tax liability, the alternative minimum tax (AMT) amount, and the payroll tax for the taxable year; over (2) certain tax credits. Increases the capital gains tax rate for certain high-income taxpayers.

Amends the Internal Revenue Code to impose a .03% excise tax on the purchase of a security: (1) if such purchase occurs on a trading facility located in the United States, or (2) the purchaser or seller is a U.S. person. Defines "security" to include: (1) stocks, partnership interests, notes, bonds, debentures, or other evidences of indebtedness; and (2) interests in a derivative financial instrument (i.e., any option, forward contract, futures contract, notional principal contract, or any similar financial instrument).

Imposes new restrictions on U.S. corporations and other entities with foreign income with respect to: (1) tax deductions allocable to deferred foreign income, (2) the recalculation of foreign income taxes, (3) intangible property transferred overseas, and (4) the limit on the foreign tax credit for dual capacity taxpayers (taxpayers who are subject to a tax levy by a foreign country or U.S. possession and who receive a specified economic benefit from such country or possession).

Amends the Internal Revenue Code to: (1) set forth a special rule for the inclusion in gross income of partnership interests transferred in connection with the performance of services, and (2) treat as ordinary income the net capital gain with respect to an investment services partnership interest except to the extent such gain is attributable to a partner's qualified capital interest.

Pension Guaranty Improvement Act of 2012 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to: (1) revise requirements for the composition and duties of members of the board of directors of the Pension Benefit Guaranty Corporation (PBGC), (2) appoint a Participant and Plan Sponsor Advocate, and (3) provide for an increase in multiemployer plan benefit guarantee and annual premium rates.

Pension and Participant Protect Act - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to expand protections for existing defined benefit pension plans.

Fair Playing Field Act of 2012 - Amends the Internal Revenue Code to authorize the Secretary of the Treasury to issue regulations and other guidance on workers' employment tax status (i.e., as an employee or as an independent contractor).

Establishes in the Treasury the Rebuild America Trust Fund to provide funding for projects to rebuild infrastructure under this Act.

]]> Rebuild America Act Short Titles as Introduced for portions of this bill Pension and Participant Protect Act Short Titles as Introduced for portions of this bill Fair Playing Field Act of 2012 Short Titles as Introduced for portions of this bill Healthy Families Act Short Titles as Introduced for portions of this bill Retirement Security Act of 2012 Short Titles as Introduced for portions of this bill College and Career Ready Classrooms Act Short Titles as Introduced for portions of this bill Regional Partnerships for High-Quality Jobs Act Display Title Rebuild America Act Short Titles as Introduced Rebuild America Act Official Title as Introduced A bill to rebuild the American middle class by creating jobs, investing in our future, building opportunity for working families, and restoring balance to the tax code. Short Titles as Introduced for portions of this bill Pension Guaranty Improvement Act of 2012 Introduced in Senate 2012-03-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s2252is/xml/BILLS-112s2252is.xml 2012-03-29 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.