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  10. '14
  11. '16

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Occurrences in the Congressional Record

Entry Title Date
Comprehensive Opioid Abuse Reduction Act Of 2016 May 12, 2016
F. Sensenbrenner, R-WI
"(a) Definitions.—In this section— (1) the term “covered grant program” means a grant program operated by the Department of Justice; (2) the term “covered grantee” means a recipient of a grant from a covered grant program; (3) the term “nonprofit”, when used with respect to an organization, means an organization that is described in section 501(c)(3) of the Internal Revenue Code of 1986, and is exempt from taxation under section 501(a) of such Code; and (4) the term “unresolved audit finding” means an audit report finding in a final audit report of the Inspector General of the Department of Justice that a covered grantee has used grant funds awarded to that grantee under a covered grant program for an unauthorized expenditure or otherwise unallowable cost that is not closed or resolved during a 12- month period prior to the date on which the final audit report is issued. (b) Audit Requirement.—Beginning in fiscal year 2016, and annually thereafter, the Inspector General of the Department of Justice shall conduct audits of covered grantees to prevent waste, fraud, and abuse of funds awarded under covered grant programs. The Inspector General shall determine the appropriate number of covered grantees to be audited each year. (c) Mandatory Exclusion.—A grantee that is found to have an unresolved audit finding under an audit conducted under subsection (b) may not receive grant funds under a covered grant program in the fiscal year following the fiscal year to which the finding relates. (d) Reimbursement.—If a covered grantee is awarded funds under the covered grant program from which it received a grant award during the 1-fiscal-year period during which the covered grantee is ineligible for an allocation of grant funds under subsection (c), the Attorney General shall— (1) deposit into the General Fund of the Treasury an amount that is equal to the amount of the grant funds that were improperly awarded to the covered grantee; and (2) seek to recoup the costs of the repayment to the Fund from the covered grantee that was improperly awarded the grant funds. (e) Priority of Grant Awards.—The Attorney General, in awarding grants under a covered grant program shall give priority to eligible entities that during the 2-year period preceding the application for a grant have not been found to have an unresolved audit finding. (f) Nonprofit Requirements.— (1) Prohibition.—A nonprofit organization that holds money in offshore accounts for the purpose of avoiding the tax described in section 511(a) of the Internal Revenue Code of 1986, shall not be eligible to receive, directly or indirectly, any funds from a covered grant program. (2) Disclosure.—Each nonprofit organization that is a covered grantee shall disclose in its application for such a grant, as a condition of receipt of such a grant, the compensation of its officers, directors, and trustees. Such disclosure shall include a description of the criteria relied on to determine such compensation."
Raising Consolidated Assets Threshold Under Small Bank Holding Company Policy Statement April 14, 2016
Mia Love, R-UT
"Opponents of this increase have alleged that changing the regulatory threshold would put communities and the Deposit Insurance Fund at higher risk, but the policy statement contains several safeguards that are designed to ensure that small bank holding companies that operate with the higher levels of debt permitted by the policy statement do not present an undue risk to the safety and soundness of their subsidiary banks."
America’S Small Business Tax Relief Act Of 2015 April 14, 2016
Marco Rubio, R-FL
"are reporting their neighbors and their relatives for accepting government aid while shuttling back and forth to the island, selling goods in Cuba and leaving their benefit cards in the U.S. for others to use while they are away. Some do not even come back at all. The U.S. has continued to deposit welfare checks for as long as two years after the recipients moved back to Cuba for good."
Nominations March 8, 2016
Harry Reid, D-NV
"What are those nominations that the Senator has put a hold on? What positions have gone unfilled as the chairman pursued his political career with the primary election just having been completed? The Under Secretary of Treasury for Terrorism and Financial Intelligence is really important and two seats on the Securities and Exchange Commission. We know that Wall Street needs to be monitored very closely. We have two seats that need to be filled. There are two seats on the Federal Reserve Board of Governors, and we know how important that is. There are the Director of the U.S. Mint and the Export-Import Bank Board of Directors. They can’t do their work now because we need to fill those spots. There are the Assistant Secretary of the Treasury, the inspector general, and the Federal Deposit Insurance Corporation, and others."
Introduction Of The “Making Your Retirement Accessible Act” Or The “Myra Act” February 8, 2016
Joseph Crowley, D-NY
"Employers would only be responsible for setting up a payroll deduction for employees to create and deposit funds into their individualized myRA accounts."

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