SECURITIES

Amendments

Economic Growth and Tax Relief Reconciliation Act: make repeal of estate taxes permanent (H.R. 8), H1933 [13AP]

———make repeal of estate taxes permanent (H.R. 8), consideration (H. Res. 202), H1919 [13AP]

Articles and editorials

Erosion of Estate Tax Is a Session in Politics, H1914 [13AP]

Paris Hilton Tax Cut, H1915 [13AP]

Wages of Failure on Wall Street, E1491 [14JY]

Bills and resolutions

Alaska Native Claims Settlement Act: facilitate shareholder consideration of proposals to make Settlement Common Stock available to missed enrollees, eligible elders, and eligible persons of a certain age (see S. 449), S1623 [17FE] (see H.R. 1866), H2550 [26AP]

Commodity Exchange Act: promote legal certainty, enhance competition, and reduce systemic risk in markets for futures and over-the-counter derivatives (see H.R. 4473), H11326 [8DE]

Community development: allow community reinvestment credit for investments and other financial support to enable employees to establish employee stock ownership plans or eligible worker owned cooperatives (see H.R. 2457), H3555 [18MY]

Corporations: make internal auditing control requirements of companies subject to securities laws voluntary (see H.R. 1641), H2100 [14AP]

Dept. of Commerce: make permanent the authority to conduct quarterly financial report program (see H.R. 2385), H3433 [17MY]

Dept. of the Treasury: issue Disaster Recovery Bonds (see H.R. 4076), H8918 [18OC]

———require indefinite retention of records (including images) of redeemed savings bonds (see H.R. 3048), H5100 [23JN]

Economic Growth and Tax Relief Reconciliation Act: make repeal of estate taxes permanent (see S. 420), S1622 [17FE] (see H.R. 8), H790 [17FE] (see H.R. 183), H77 [4JA]

———make repeal of estate taxes permanent (H.R. 8), consideration (see H. Res. 202), H1893 [12AP]

Federal employees: provide a real estate stock index investment option under the Thrift Savings Plan (see H.R. 1578), H1894 [12AP]

Financial institutions: divest U.S. pension or thrift savings plans and mutual funds sold or distributed in any U.S. financial institution that has outstanding loans to, or financial activities in Saudi Arabia (see H.R. 4543), H11653 [14DE]

———provide an exemption from certain requirements under the Gramm-Leach-Bliley Act (see H.R. 2387), H3434 [17MY]

———require disclosure of financial relationships between brokers and mutual fund companies and of certain brokerage commissions paid by mutual fund companies (see S. 1037), S5219 [16MY]

Forests: provide a tax exemption for forest conservation bonds (see S. 1530), S9284 [28JY]

Investments: clarify the Permanent University Fund arbitrage exception and increase amount of securities and obligations benefiting from the exception (see S. 1474), S8746 [22JY]

———clarify the Permanent University Fund arbitrage exception and increase amount of securities and obligations benefiting from the exeption (see H.R. 2661), H4138 [26MY]

———improve the access of investors to regulatory records relative to securities brokers, dealers, and investment advisers (see H.R. 1077), H981 [3MR]

Native Americans: provide for sale and assignment of loans and underlying security (see S. 1758), S10378 [22SE]

Natural gas: reinstate regulation under the Commodity Exchange Act of futures, contracts, swaps, and hybrid instruments and require CFTC review and approval of certain transactions, contracts, and settlements (see H.R. 1638), H2100 [14AP]

Pensions: protect retirement security of workers by ensuring assets are adequately diversified and providing workers with access to information about their plans (see S. 219), S647 [31JA] (see S. 1953), S12238 [2NO]

Rural Renaissance Corp.: establish (see S. 502), S2003 [3MR]

SBA: reform the Small Business Investment Companies program relative to companies licensed to issue participating debentures (see S. 1923), S11917 [26OC]

SEC: establish rules and procedures for delegation of compliance and inspections authority to operating divisions (see H.R. 4618), H12167 [17DE]

———require enhanced disclosures of employee stock options and require study on economic impact of broad-based employee stock option plans (see H.R. 913), H792 [17FE]

Senior citizens: establish grant program to provide financial and retirement education programs to reduce financial abuse and fraud among mid-life and older individuals (see S. 924), S4398 [27AP] (see H.R. 392), H234 [26JA]

Small Business Investment Act: establish a participating debenture program (see H.R. 3429), H6649 [26JY]

Social Security: establish a Social Security Surplus Protection Account in the Federal Old-Age and Survivors Insurance Trust Fund and enact legislation allowing for investment of the Trust Fund in non-Federal obligations (see H.R. 3435), H6649 [26JY]

———establish an effective real annual rate of interest for special obligations issued to trust funds (see H.R. 1123), H983 [3MR]

———invest trust funds in marketable interest-bearing securities and insured certificates of deposit, and protect trust funds from public debt limit (see H.R. 219), H78 [4JA]

Taxation: allow a credit to C corporations which have substantial employee ownership and encourage stock ownership by employees by excluding from gross income stock paid as compensation for services (see H.R. 3653), H7672 [6SE]

———allow a credit to holders of qualified bonds issued to finance certain energy projects (see S. 962), S4546 [28AP] (see H.R. 2794), H4295 [8JN]

———allow a credit to holders of qualified bonds issued to finance certain rural development projects (see S. 1253), S6658 [15JN]

———allow a deduction for contributions to individual investment accounts (see H.R. 339), H194 [25JA]

———allow an income tax credit to holders of bonds issued to finance land and water reclamation of abandoned mine land areas (see H.R. 1165), H1024 [8MR]

———allow individuals to defer recognition of reinvested capital gains distributions from regulated investment companies (see S. 1740), S10294 [21SE] (see H.R. 196), H77 [4JA] (see H.R. 2121), H3052 [5MY]

———allow legally separated individuals to exclude U.S. savings bond income from gross income if used to pay higher education expenses (see H.R. 3460), H6933 [27JY]

———allow tax credits to holders of stem cell research bonds (see H.R. 1650), H2101 [14AP]

———applicability of volume cap for private activity bonds to bonds for facilities for the furnishing of water and sewage facilities (see H.R. 1708), H2149 [19AP]

———clarify that a North American Development Bank guarantee is not considered a Federal guarantee for purposes of determining tax-exempt status of bonds (see S. 533), S2083 [4MR] (see H.R. 1771), H2470 [21AP]

———clarify the application of tax code relative to regulated investment companies (see H.R. 4393), H11033 [18NO]

———clarify the small issuer exception from the tax-exempt bond arbitrage rebate requirement (see H.R. 1171), H1024 [8MR]

———eliminate capital gains tax on investments in the Hurricane Katrina disaster area to reduce estate taxes for victims (see H.R. 4035), H8808 [7OC]

———exempt from income tax the gain from the sale of a business closely held by an individual who has attained age 62 (see H.R. 3461), H6933 [27JY]

———guarantee tax-exempt bonds for the purpose of rebuilding the Gulf Coast from the impacts of Hurricanes Katrina and Rita (see H.R. 3947), H8642 [29SE]

———increase participation and savings in cash or deferred plans through automatic contribution and default investment arrangements (see S. 1590), S9468 [29JY] (see S. 1819), S10972 [4OC]

———increase transparency of certain corporate tax information and financial statements, discourage abusive tax sheltering activities, and restore investor confidence (see H.R. 1234), H1369 [10MR]

———limit recognition of gain to certain leveraged spin-merger transactions (see H.R. 4187), H9472 [1NO]

———make permanent the rate reductions for individual income taxes and capital gains and dividend taxes, and the repeal of estate, gift, and generation-skipping transfer taxes (see S. 7), S142 [24JA]

———make the credit for prior year minimum tax liability refundable for certain individuals and require returns with respect to certain stock options (see H.R. 3385), H6327 [21JY]

———modify treatment of qualified small issue bonds (see H.R. 2941), H4655 [16JN]

———permanent repeal of estate tax on family-owned businesses and farms (see S. 928), S4398 [27AP] (see H.R. 1624), H1969 [13AP]

———permit interest on federally guaranteed water, wastewater, and essential community facilities loans to be tax exempt in order to improve such facilities in rural areas (see S. 157), S436 [25JA] (see H.R. 2378), H3331 [16MY]

———prevent dividends received from corporations in tax havens from receiving a reduced rate (see S. 1363), S7820 [30JN]

———provide a credit for small business employee training expenses, increase the exclusion of capital gains from small business stocks, and extend expensing for small businesses (see S. 2111), S13659 [15DE]

———provide for Gulf tax credit bonds and advance refundings of certain tax-exempt bonds, and provide a Federal guarantee of certain State bonds (see H.R. 4337), H10501 [16NO]

———provide for tax-exempt qualified small issue bonds to finance agricultural processing property (see H.R. 3874), H8341 [22SE]

———provide for use of redevelopment bonds for environmental remediation (see H.R. 3451), H6932 [27JY]

———reduce estate and gift tax rates, increase exclusion equivalent and establish inflation adjustment for the unified credit, and increase gift tax exclusion (see H.R. 1568), H1894 [12AP] (see H.R. 1614), H1968 [13AP]

———repeal estate, gift, and generation-skipping transfer taxes (see H.R. 64), H73 [4JA]

———repeal estate and generation-skipping transfer taxes (see S. 988), S4869 [10MY]

———repeal sunset on reduction of capital gains rates for individuals and on taxation of dividends of individuals at capital gain rates (see S. 1524), S9284 [28JY]

———replace recapture bond provisions of low-income housing tax credit program (see H.R. 1468), H1777 [5AP]

———restore estate tax and repeal carryover basis rule and increase estate tax unified credit (see H.R. 1574), H1894 [12AP]

———simplify the earned income tax credit eligibility requirements regarding filing status, presence of children, investment income, and work and immigrant status (see S. 2139), S13786 [16DE]

———treat certain publicly-traded debt issued or guaranteed by Federal, state or local governments as qualified nonrecourse financing (see H.R. 919), H793 [17FE]

———treat gold, silver, platinum, and palladium, in either coin or bar form, in the same manner as equities and mutual funds for purposes of the maximum capital gains rate for individuals (see S. 1157), S6022 [26MY] (see H.R. 1772), H2470 [21AP]

———treat spaceports like airports under exempt facility bond rules (see H.R. 3643), H7613 [29JY]

Transportation: provide new infrastructure funding through Federal bonding to empower States and local governments to complete significant infrastructure projects across all modes of transportation (see S. 428), S1622 [17FE]

Cloture motions

Economic Growth and Tax Relief Reconciliation Act: make repeal of estate taxes permanent (H.R. 8), motion to proceed, S9558 [29JY]

Letters

Commodity Exchange Act amendments to promote legal certainty, enhance competition, and reduce systemic risk in markets for futures and over-the-counter derivatives: Alan Greenspan, FRS, H11558 [14DE]

———Christopher Cox, SEC, H11558 [14DE]

———President's Working Group on Financial Markets, H11556 [14DE]

———Randal K. Quarles, Dept. of the Treasury, H11558 [14DE]

———Reuben Jeffery III, CFTC, H11558 [14DE]

Death Tax Repeal Permanency Act: several agricultural organizations, H1935 [13AP]

Gulf Opportunity Zone Public Finance Relief Act: Representative Oxley, Committee on Financial Services (House), E2416 [18NO]

———Representative Thomas, Committee on Ways and Means (House), E2416 [18NO]

Mutual Fund Transparency Act: David Certner, AARP, S5224 [16MY]

———several consumer organizations, S5223 [16MY]

Remarks in House

Alaska Native Claims Settlement Act: facilitate shareholder consideration of proposals to make Settlement Common Stock available to missed enrollees, eligible elders, and eligible persons of a certain age (H.R. 1866), E759 [26AP]

Bush, President: evaluation of economic policies, H9539 [2NO]

Business and industry: require mandatory expensing of stock options granted to executive officers, E428 [10MR]

Commodity Exchange Act: promote legal certainty, enhance competition, and reduce systemic risk in markets for futures and over-the-counter derivatives (H.R. 4473), H11553-H11561 [14DE], E2548 [15DE]

Corporations: regulate excessive compensation of corporate officials, E1490 [14JY]

DeLay, Representative: characterization of remarks relative to use of profits from Federal housing programs for relief efforts for housing victims of Hurricane Katrina, H8103 [20SE]

Dept. of Commerce: make permanent the authority to conduct quarterly financial report program (H.R. 2385), H5754-H5756 [13JY]

Dept. of the Treasury: issue Disaster Recovery Bonds (H.R. 4076), E2120 [18OC]

Economic Growth and Tax Relief Reconciliation Act: make repeal of estate taxes permanent, H2589 [27AP]

———make repeal of estate taxes permanent (H.R. 8), H1857, H1869 [12AP], H1900, H1901, H1902, H1921-H1943, H1946, H1960 [13AP], H1971, H1972, H1980, H2073 [14AP], E661, E662 [15AP], E699, E702 [19AP], E711 [21AP]

———make repeal of estate taxes permanent (H.R. 8), consideration (H. Res. 202), H1910-H1919 [13AP]

ExxonMobil Corp.: quarterly profits, H9337 [27OC], H9968 [8NO]

Investments: improve the access of investors to regulatory records relative to securities brokers, dealers, and investment advisers (H.R. 1077), H1788-H1790 [6AP]

J.J.B. Hilliard, W.L. Lyons, Inc.: anniversary, E12 [4JA]

PMI Group, Inc.: anniversary as a publicly traded company, E2294 [8NO]

Power resources: clarify jurisdiction over energy markets and futures between FERC and CFTC, E1697 [29JY]

SEC: require enhanced disclosures of employee stock options and require study on economic impact of broad-based employee stock option plans (H.R. 913), H1349-H1352 [10MR], E289 [18FE]

Social Security: apply savings from the enactment of certain estate tax legislation to trust fund restoration, H1918 [13AP]

———invest trust funds in marketable interest-bearing securities and insured certificates of deposit, and protect trust funds from public debt limit (H.R. 219), E6 [4JA]

Taxation: allow individuals to defer recognition of reinvested capital gains distributions from regulated investment companies (H.R. 2121), E890 [5MY]

———provide for Gulf tax credit bonds and advance refundings of certain tax-exempt bonds, and provide a Federal guarantee of certain State bonds (H.R. 4337), H10363 [16NO]

———reduce estate and gift tax rates, H1930 [13AP]

———restore estate tax and repeal carryover basis rule and increase estate tax unified credit (H.R. 1574), E624 [12AP]

Remarks in Senate

Alaska Native Claims Settlement Act: facilitate shareholder consideration of proposals to make Settlement Common Stock available to missed enrollees, eligible elders, and eligible persons of a certain age (S. 449), S1661 [17FE], S13594 [14DE]

CFTC: regulatory oversight of energy futures markets, S7796 [30JN]

Dept. of Commerce: make permanent the authority to conduct quarterly financial report program (H.R. 2385), S8499 [19JY], S8713 [21JY], S10459 [26SE]

Economic Growth and Tax Relief Reconciliation Act: make repeal of estate taxes permanent, S7055 [22JN]

———make repeal of estate taxes permanent (H.R. 8), S3770 [18AP], S3957 [19AP], S4038 [20AP]

———make repeal of estate taxes permanent (H.R. 8), motion to proceed, S9558 [29JY]

———make repeal of estate taxes permanent (S. 420), S1633 [17FE]

ExxonMobil Corp.: quarterly profits, S12556 [9NO]

Financial institutions: require disclosure of financial relationships between brokers and mutual fund companies and of certain brokerage commissions paid by mutual fund companies (S. 1037), S5221 [16MY], S7487 [28JN]

Frist, Senator: investigation of sale of HCA Inc., stock, S10470 [27SE]

Housing: registration of housing-related Government-sponsored enterprises with the SEC, S12320 [3NO]

Native Americans: provide for sale and assignment of loans and underlying security (S. 1758), S10388 [22SE]

Pensions: protect retirement security of workers by ensuring assets are adequately diversified and providing workers with access to information about their plans (S. 219), S671, S672 [31JA]

Rural Renaissance Corp.: establish (S. 502), S2006 [3MR]

SBA: reform the Small Business Investment Companies program relative to companies licensed to issue participating debentures (S. 1923), S11919-S11921 [26OC]

Senior citizens: establish grant program to provide financial and retirement education programs to reduce financial abuse and fraud among mid-life and older individuals (S. 924), S4419 [27AP]

Taxation: allow a credit to holders of qualified bonds issued to finance certain energy projects (S. 962), S4573 [28AP]

———allow individuals to defer recognition of reinvested capital gains distributions from regulated investment companies (S. 1740), S10299 [21SE]

———clarify that a North American Development Bank guarantee is not considered a Federal guarantee for purposes of determining tax-exempt status of bonds (S. 533), S2085 [4MR]

———make permanent the rate reductions for individual income taxes and capital gains and dividend taxes, and the repeal of estate, gift, and generation-skipping transfer taxes (S. 7), S109 [24JA]

———permanent repeal of estate tax on family-owned businesses and farms (S. 928), S4423 [27AP]

———permit interest on federally guaranteed water, wastewater, and essential community facilities loans to be tax exempt in order to improve such facilities in rural areas (S. 157), S484 [25JA]

———prevent dividends received from corporations in tax havens from receiving a reduced rate (S. 1363), S7858 [30JN]

———provide a credit for small business employee training expenses, increase the exclusion of capital gains from small business stocks, and extend expensing for small businesses (S. 2111), S13679 [15DE]

———repeal sunset on reduction of capital gains rates for individuals and on taxation of dividends of individuals at capital gain rates, S13141 [17NO]

———simplify the earned income tax credit eligibility requirements regarding filing status, presence of children, investment income, and work and immigrant status (S. 2139), S13809 [16DE]

Transportation: provide new infrastructure funding through Federal bonding to empower States and local governments to complete significant infrastructure projects across all modes of transportation (S. 428), S5214 [16MY]

———provide new infrastructure funding through Federal bonding to empower States and local governments to complete significant infrastructure projects across all modes of transportation (S. 428), star print, S2873 [16MR]

Reports filed

Consideration of H.R. 8, Death Tax Repeal Permanency Act: Committee on Rules (House) (H. Res. 202) (H. Rept. 109-35), H1893 [12AP]

Dept. of Commerce Permanent Authority To Conduct Quarterly Financial Report Program: Committee on Government Reform (House) (H.R. 2385) (H. Rept. 109-164), H5739 [12JY]

Facilitate Shareholder Consideration of Proposals To Make Settlement Common Stock Under the Alaska Native Claims Settlement Act Available to Certain Persons: Committee on Indian Affairs (Senate) (S. 449) (S. Rept. 109-112), S9281 [28JY]

National Employee Savings and Trust Equity Guarantee Act: Committee on Finance (Senate) (S. 1953) (S. Rept. 109-174), S12236 [2NO]

Texts of

H. Res. 202, consideration of H.R. 8, Death Tax Repeal Permanency Act, H1910 [13AP]

H.R. 8, Death Tax Repeal Permanency Act, H1921 [13AP]

H.R. 1077, Realtime Investor Protection Act, H1788 [6AP]

H.R. 2385, Dept. of Commerce permanent authority to conduct quarterly financial report program, H5755 [13JY]

H.R. 4337, Gulf Opportunity Zone Public Finance Relief Act, H10363-H10365 [16NO]

H.R. 4473, Commodity Exchange Act amendments to promote legal certainty, enhance competition, and reduce systemic risk in markets for futures and over-the-counter derivatives, H11553-H11555 [14DE]

S. 157, permit interest on federally guaranteed water, wastewater, and essential community facilities loans to be tax exempt in order to improve such facilities in rural areas, S484 [25JA]

S. 428, Build America Bonds Act, S1643-S1647 [17FE]

S. 449, facilitate shareholder consideration of proposals to make Settlement Common Stock available to missed enrollees, eligible elders, and eligible persons of a certain age under the Alaska Native Claims Settlement Act, S1662 [17FE], S13594 [14DE]

S. 502, Rural Renaissance Act, S2007-S2009 [3MR]

S. 924, Education for Retirement Security Act, S4419 [27AP]

S. 928, Estate Tax Repeal Acceleration (ExTRA) for Family-Owned Businesses and Farms Act, S4423-S4425 [27AP]

S. 1037, Mutual Fund Transparency Act, S5222 [16MY]

S. 1253, Rural Renaissance Act II, S6662-S6664 [15JN]

S. 1740, Generate Retirement Ownership Through Long-Term Holding Act, S10299 [21SE]

S. 1758, provide for sale and assignment of Native American loans and underlying security, S10388 [22SE]