Today’s Daily Update

The House passed the “Death Tax Repeal Act of 2015” and the “State and Local Sales Tax Deduction Fairness Act of 2015.” The Senate resumes consideration of the Justice for Victims of Trafficking Act.

House

 

Yesterday:

  • Death Tax Repeal Act of 2015: The House passed H.R. 1105, to amend the Internal Revenue Code of 1986 to repeal the estate and generation-skipping transfer taxes, by a recorded vote of 240 ayes to 179 noes, Roll No. 161.
    • Rejected the Nolan motion to recommit the bill to the Committee on Ways and Means with instructions to report the same back to the House forthwith with an amendment, by a yea-and-nay vote of 186 yeas to 232 nays, Roll No. 160.
    • Pursuant to the Rule, the amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill, modified by the amendment printed in part B of H. Rept. 114-74, shall be considered as adopted.
  • H. Res. 200, the rule providing for consideration of the bills (H.R. 622), (H.R. 1105), and (H.R. 1195) was agreed to yesterday, April 15th.
  • State and Local Sales Tax Deduction Fairness Act of 2015: The House passed H.R. 622, to amend the Internal Revenue Code of 1986 to make permanent the deduction of State and local general sales taxes, by a yea-and-nay vote of 272 yeas to 152 nays, Roll No. 159.
    • Rejected the Neal motion to recommit the bill to the Committee on Ways and Means with instructions to report the same back to the House forthwith with an amendment, by a yea-and-nay vote of 179 yeas to 243 nays, Roll No. 158.
    • Pursuant to the Rule, the amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill, modified by the amendment printed in part A of H. Rept. 114-74, shall be considered as adopted.

Today:

  • The House is not in session today.

 

Senate

 

Yesterday:

  • Measures Considered:
  • Justice for Victims of Trafficking Act–Agreement: Senate resumed consideration of S. 178, to provide justice for the victims of trafficking, taking action on the following amendments proposed thereto:
    • Pending:
      • McConnell (for Cornyn) Amendment No. 1120, to strengthen the Justice for Victims of Trafficking Act by incorporating additional bipartisan amendments.
      • A unanimous-consent agreement was reached providing that the motion to invoke cloture on McConnell (for Cornyn) Amendment No. 1120 (listed above), be withdrawn.
      • A unanimous-consent agreement was reached providing that at approximately 2 p.m., on Monday, April 20, 2015, Senate resume consideration of the bill.
  • Iran Nuclear Agreement Review Act–Agreement: A unanimous-consent agreement was reached providing that at a time to be determined by the Majority Leader with the concurrence of the Democratic Leader, Senate vote on the motion to proceed to consideration of H.R. 1191, to amend the Internal Revenue Code of 1986 to ensure that emergency services volunteers are not taken into account as employees under the shared responsibility requirements contained in the Patient Protection and Affordable Care Act, and that if the motion to proceed to consideration of the bill is agreed to, Senator Corker, or his designee, be recognized to offer a substitute amendment that is the text of S. 615, to provide for congressional review and oversight of agreements relating to Iran’s nuclear program, as reported by the Committee on Foreign Relations.

Today:

  • No roll call votes are expected today.

 

Hearings Covered by W&J Today

 

Briefing on Pending Patent Legislation: A View from Innovators and Patent Holders

 

Notable Legislation Introduced

 

ENERGY

H.R.1867 : To encourage benchmarking and disclosure of energy information for commercial buildings.
Sponsor: Rep Castor, Kathy [FL-14] (introduced 4/16/2015) Cosponsors (1)
Committees: House Energy and Commerce
Latest Major Action: 4/16/2015 Referred to House committee. Status: Referred to the House Committee on Energy and Commerce.

H.R.1870 : To authorize Energy Innovation Hubs.
Sponsor: Rep Grayson, Alan [FL-9] (introduced 4/16/2015) Cosponsors (None)
Committees: House Science, Space, and Technology
Latest Major Action: 4/16/2015 Referred to House committee. Status: Referred to the House Committee on Science, Space, and Technology.

FINANCIAL SERVICES

H.R.1839 : To amend the Securities Act of 1933 to exempt certain transactions involving purchases by accredited investors, and for other purposes.
Sponsor: Rep McHenry, Patrick T. [NC-10] (introduced 4/16/2015) Cosponsors (None)
Committees: House Financial Services
Latest Major Action: 4/16/2015 Referred to House committee. Status: Referred to the House Committee on Financial Services.

H.R.1841 : To amend section 13 of the Bank Holding Company Act of 1956, known as the Volcker Rule, to exclude certain debt securities of collateralized loan obligations from the prohibition against acquiring or retaining an ownership interest in a hedge fund or private equity fund.
Sponsor: Rep Barr, Andy [KY-6] (introduced 4/16/2015) Cosponsors (None)
Committees: House Financial Services
Latest Major Action: 4/16/2015 Referred to House committee. Status: Referred to the House Committee on Financial Services.

H.R.1847 : To amend the Securities Exchange Act of 1934 and the Commodity Exchange Act to repeal the indemnification requirements for regulatory authorities to obtain access to swap data required to be provided by swaps entities under such Acts.
Sponsor: Rep Crawford, Eric A. “Rick” [AR-1] (introduced 4/16/2015) Cosponsors (3)
Committees: House Agriculture; House Financial Services
Latest Major Action: 4/16/2015 Referred to House committee. Status: Referred to the Committee on Agriculture, and in addition to the Committee on Financial Services, 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.

H.R.1866 : To establish a grant program in the Bureau of Consumer Financial Protection to fund the establishment of centers of excellence to support research, development and planning, implementation, and evaluation of effective programs in financial literacy education for young people and families ages 8 through 24 years old, and for other purposes.
Sponsor: Rep Carson, Andre [IN-7] (introduced 4/16/2015) Cosponsors (21)
Committees: House Financial Services; House Education and the Workforce
Latest Major Action: 4/16/2015 Referred to House committee. Status: Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, 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.

H.R.1878 : To require servicers to establish a deed-for-lease program under which eligible mortgagors may remain in their homes as renters.
Sponsor: Rep Lujan Grisham, Michelle [NM-1] (introduced 4/16/2015) Cosponsors (None)
Committees: House Financial Services
Latest Major Action: 4/16/2015 Referred to House committee. Status: Referred to the House Committee on Financial Services.

S.970 : A bill to allow more small insured depository institutions to qualify for the 18-month on-site examination cycle, and for other purposes.
Sponsor: Sen Toomey, Pat [PA] (introduced 4/16/2015) Cosponsors (1)
Committees: Senate Banking, Housing, and Urban Affairs
Latest Major Action: 4/16/2015 Referred to Senate committee. Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S.978 : A bill to clarify the definition of general solicitation under Federal securities law.
Sponsor: Sen Murphy, Christopher S. [CT] (introduced 4/16/2015) Cosponsors (4)
Committees: Senate Banking, Housing, and Urban Affairs
Latest Major Action: 4/16/2015 Referred to Senate committee. Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HEALTH

H.R.1859 : To amend the Public Health Service Act to provide for the participation of pediatric subspecialists in the National Health Service Corps program, and for other purposes.
Sponsor: Rep Collins, Chris [NY-27] (introduced 4/16/2015) Cosponsors (1)
Committees: House Energy and Commerce
Latest Major Action: 4/16/2015 Referred to House committee. Status: Referred to the House Committee on Energy and Commerce.

H.R.1886 : To amend section 1341 of the Patient Protection and Affordable Care Act to repeal the funding mechanism for the transitional reinsurance program in the individual market, and for other purposes.
Sponsor: Rep Tiberi, Patrick J. [OH-12] (introduced 4/16/2015) Cosponsors (5)
Committees: House Energy and Commerce
Latest Major Action: 4/16/2015 Referred to House committee. Status: Referred to the House Committee on Energy and Commerce.

S.968 : A bill to require the Commissioner of Social Security to revise the medical and evaluation criteria for determining disability in a person diagnosed with Huntington’s Disease and to waive the 24-month waiting period for Medicare eligibility for individuals disabled by Huntington’s Disease.
Sponsor: Sen Gillibrand, Kirsten E. [NY] (introduced 4/16/2015) Cosponsors (1)
Committees: Senate Finance
Latest Major Action: 4/16/2015 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

S.971 : A bill to amend title XVIII of the Social Security Act to provide for an increase in the limit on the length of an agreement under the Medicare independence at home medical practice demonstration program.
Sponsor: Sen Wyden, Ron [OR] (introduced 4/16/2015) Cosponsors (4)
Committees: Senate Finance
Latest Major Action: 4/16/2015 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

S.984 : A bill to amend title XVIII of the Social Security Act to provide Medicare beneficiary access to eye tracking accessories for speech generating devices and to remove the rental cap for durable medical equipment under the Medicare Program with respect to speech generating devices.
Sponsor: Sen Vitter, David [LA] (introduced 4/16/2015) Cosponsors (6)
Latest Major Action: 4/16/2015 Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

TAX

H.R.1882 : To amend the Internal Revenue Code of 1986 to allow a credit against income tax for the purchase of hearing aids.
Sponsor: Rep Nunes, Devin [CA-22] (introduced 4/16/2015) Cosponsors (35)
Committees: House Ways and Means
Latest Major Action: 4/16/2015 Referred to House committee. Status: Referred to the House Committee on Ways and Means.

S.973 : A bill to amend the Internal Revenue Code of 1986 to allow a credit against income tax for equity investments by angel investors.
Sponsor: Sen Murphy, Christopher S. [CT] (introduced 4/16/2015) Cosponsors (None)
Committees: Senate Finance
Latest Major Action: 4/16/2015 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

S.1005 : A bill to amend the Internal Revenue Code of 1986 to extend and modify the credit for health insurance costs of certain eligible individuals, and for other purposes.
Sponsor: Sen Wyden, Ron [OR] (introduced 4/16/2015) Cosponsors (None)
Committees: Senate Finance
Latest Major Action: 4/16/2015 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

TRANSPORTATION

H.R.1844 : To amend the Intermodal Surface Transportation Efficiency Act of 1991 to designate high priority corridors on the National Highway System in the State of North Carolina, and for other purposes.
Sponsor: Rep Butterfield, G. K. [NC-1] (introduced 4/16/2015) Cosponsors (6)
Committees: House Transportation and Infrastructure
Latest Major Action: 4/16/2015 Referred to House committee. Status: Referred to the House Committee on Transportation and Infrastructure.

H.R.1846 : To provide for sustainable highway funding, and for other purposes.
Sponsor: Rep Renacci, James B. [OH-16] (introduced 4/16/2015) Cosponsors (17)
Committees: House Ways and Means; House Transportation and Infrastructure; House Rules
Latest Major Action: 4/16/2015 Referred to House committee. Status: Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, and Rules, 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.

S.981 : A bill to amend the Internal Revenue Code of 1986 to provide for a repatriation holiday, to increase funding to the Highway Trust Fund, and for other purposes.
Sponsor: Sen Paul, Rand [KY] (introduced 4/16/2015) Cosponsors (1)
Committees: Senate Finance
Latest Major Action: 4/16/2015 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

S.983 : A bill to amend the Intermodal Surface Transportation Efficiency Act of 1991 to designate high priority corridors on the National Highway System in the State of North Carolina, and for other purposes.
Sponsor: Sen Tillis, Thom [NC] (introduced 4/16/2015) Cosponsors (1)
Committees: Senate Environment and Public Works
Latest Major Action: 4/16/2015 Referred to Senate committee. Status: Read twice and referred to the Committee on Environment and Public Works.

S.1006 : A bill to incentivize early adoption of positive train control, and for other purposes.
Sponsor: Sen Feinstein, Dianne [CA] (introduced 4/16/2015) Cosponsors (4)
Committees: Senate Commerce, Science, and Transportation
Latest Major Action: 4/16/2015 Referred to Senate committee. Status: Read twice and referred to the Committee on Commerce, Science, and Transportation.

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