-Requires the President to designate one or more officials (referred to by the media as 'Car Czars') to be overseen by the Comptroller General in order to assess auto manufacturers recovery plans and approve bridge loans (Secs. 3, 4).
-Allocates $14 billion for bridge loans and long-term restructuring loans to American auto companies that submitted recovery plans to the government by December 2, 2008 (Secs. 4, 10).
-Requires participating auto manufacturers to submit a final restructuring plan to the Presidents designee by March 31, 2009, unless the designee chooses to postpone the deadline until April 30, 2009 (Sec. 6).
Should Congress pass H.R. 6867 Known As Emergency Extended Unemployment Compensation? More
Loading...- Allows an individual who has no rights to federal or state regular unemployment compensation, or who has exhausted his or her rights to federal or state regular compensation, to receive the lesser of 80 percent (up from 50 percent) of the amount of his or her regular yearly compensation or 20 times (up from 13 times) his or her average weekly benefit amount (Sec. 2).
- Provides additional extended emergency unemployment compensation in an amount equal to the lesser of 50 percent of the individual's regular yearly compensation or 13 times the individual's average weekly benefit amount in states that are in an extended benefit period, as defined by the unemployment rates (Sec. 3).
- Authorizes appropriations for Amtrak for the next five years, including $5.32 billion for capital grants, $2.95 billion for operation grants, and $1.9 billion for intercity passenger rail services (Div. B).
- Authorizes $1.5 billion over the next ten years for capital and preventive maintenance projects for the Washington Metropolitan Area Transit Authority (Div. B, Sec. 601).
- Provides $1.63 billion for rail safety programs (Div. A).
- Allocates $18 million for 2009-2013 to design, develop, and construct the Facility for Underground Rail Station and Tunnel in Colorado to test and evaluate above-ground and underground rail tunnels to prevent accidents, mitigate and remediate the consequences of any such accidents, and to provide a realistic scenario for training emergency responders (Div. A, Sec 3).
-Establishes the Troubled Asset Relief Program (TARP) to allow the Secretary of the Treasury to purchase troubled assets from any financial institution (Div. A, Sec. 101).
-Sets the initial authority for purchasing troubled assets at $250 billion, allows for the President to extend the authority up to $350 billion, and allows for an extension of up to $700 billion with both Congressional and Presidential approval (Div. A, Sec. 115).
Should Congress pass H.R. 3200 Known As American Affordable Health Choices Act of 2009 (aka Healthcare Reform House Democrat Bill)? More
Loading...- This is the Healthcare Bill Introduced by the House Democrats. We will be putting up the bill introduced by the Senate as well for Healthcare reform.
- This bill is 1018 pages long. If you are on a mobile device please visit Visible Vote on Facebook for even more details about this bill.
- Public Financed Health Insurance Option to compete with Private insurers
- Subsidies to help people buy insurance and requires all individuals purchase insurance or face a tax penalty.
- Ban insurers from denying coverage to anyone based on pre-existing medical conditions
- Drug manufacturers will be required to give rebates to those eligible for Medicare and Medicaid.
- Additional 5.4 percent increase on earners over $1million, 1 percent above $350k, 1.5 percent above $500,000, in 2013 both of these can be raised to 2 and 3 percent respectively.
- Penalty for no health insurance would be 2.5 percent of income
- Penalty for employers with payrolls over $250k would be 8 percent of a worker\'s wages.
- We will post the entire bill once its created. Due to the speed of this bill we are posting it now so you can tell your legistlators how you feel before they vote.
- Cash for Clunkers was passed as part of $106 Billion Supplemental Appropriations Act of 2009
- Program has run out of money and would like another infusion of $2 billion dollars.
- People who owned a car made in 1984 or later that got 18 miles to the gallon or less could qualify.
- The car had to have been registered and insured over the past year, and it must have been able to start.
- If applicants to the program traded their clunker for a car that got four more miles per gallon, the government gave them $3,500.
- If the new car got 10 miles more per gallon, the person got $4,500.
- People trading an SUV, minivan or small pickup only had to improve their mileage by 2 to 5 miles per gallon.
- The vehicle purchased had to be brand new and cost less than $45,000.
Should Congress pass H.R. 2346 Known As $106 Billion Supplemental Appropriations Act of 2009? More
Loading...- Cost $106 Billion Dollars
- $80 Billion for War time funding for operations in Iraq and Afghanistan
- $5 Billion Line of credit to the International Monetary Fund to help developing countries combat the impact of the global recession.
- $7.7 Billion to combat the Swine Flu Virus in Foreign Countries
- $10.4 Billion in foreign aid to target and promote economic development and counterinsurgency efforts in Afghanistan, Pakistan and Iraq
- $1 Billion to the \"cash for clunkers\" program for consumers to receive $4500 vouchers to trade in old gas guzzling vehicles for more fuel efficient vehicles.
Should Congress pass S. 729 Known As Development, Relief, and Education for Alient Minors Act (DREAM) of 2009? More
Loading...Development, Relief, and Education for Alien Minors Act of 2009 or the DREAM Act of 2009 - Amends the Illegal Immigration Reform and Immigrant Responsibility Act of 1996 to repeal the denial of an unlawful alien\'s eligibility for higher education benefits based on state residence unless a U.S. national is similarly eligible without regard to such state residence.
- Authorizes the Secretary of Homeland Security to cancel the removal of, and adjust to conditional permanent resident status, an alien who: (1) entered the United States before his or her 16th birthday and has been present in the United States for at least five years immediately preceding enactment of this Act; (2) is a person of good moral character; (3) is not inadmissible or deportable under specified grounds of the Immigration and Nationality Act; (4) at the time of application, has been admitted to an institution of higher education or has earned a high school or equivalent diploma; (5) from the age of 16 and older, has never been under a final order of exclusion, deportation, or removal; and (6) was under age 35 on the date of this Act\'s enactment.
-Sets forth the conditions for conditional permanent resident status, including: (1) termination of status for violation of this Act; and (2) removal of conditional status to permanent status.
-Authorizes an alien who has satisfied the appropriate requirements prior to enactment of this Act to petition the Secretary for conditional permanent resident status.
-Provides for: (1) exclusive jurisdiction; (2) penalties for false application statements; (3) confidentiality; (4) fee prohibitions; (5) higher education assistance; and (6) a Government Accountability Office (GAO) report respecting the number of aliens adjusted under this Act.
- NOTE: This bill failed last year which you can see in the news articles.
Should Congress pass H.R. 1207 Known As Federal Reserve Transparency Act of 2009? More
Loading...- Repeals the authority of the Comptroller General to carry out an onsite examination of an open insured bank or bank holding company only if the appropriate federal regulatory agency has consented in writing. (Retains the authority of the Comptroller General to audit a federal agency.)
- Directs the Comptroller General to complete, before the end of 2010, an audit of the Board of Governors of the Federal Reserve System and of the federal reserve banks, followed by a detailed report to Congress.
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