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  10. '14
  11. '16

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Occurrences in the Congressional Record

Entry Title Date
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."
Financial Institution Customer Protection Act Of 2015 February 4, 2016
Luke Messer, R-IN
"Today, under the guise of protecting consumers, the Department of Justice and the Federal Deposit Insurance Corporation are targeting payment companies to choke off credit for certain businesses they deem high risk, including ammunition and firearms stores, lending institutions, and other lawful businesses as well."
Housing Opportunity Through Modernization Act Of 2015 February 2, 2016
Blaine Luetkemeyer, R-MO
"(a) Capital Fund Replacement Reserves.—Section 9 of the United States Housing Act of 1937 (42 U.S.C. 1437g) is amended— (1) in subsection (j), by adding at the end the following new paragraph: “(7) Treatment of replacement reserve.—The requirements of this subsection shall not apply to funds held in replacement reserves established pursuant to subsection (n).”; and (2) by adding at the end the following new subsection: “(n) Establishment of Replacement Reserves.— “(1) In general.—Public housing agencies shall be permitted to establish a replacement reserve to fund any of the capital activities listed in subsection (d)(1). “(2) Source and amount of funds for replacement reserve.— At any time, a public housing agency may deposit funds from such agency’s Capital Fund into a replacement reserve, subject to the following: “(A) At the discretion of the Secretary, public housing agencies may transfer and hold in a replacement reserve funds originating from additional sources. “(B) No minimum transfer of funds to a replacement reserve shall be required. “(C) At any time, a public housing agency may not hold in a replacement reserve more than the amount the public housing authority has determined necessary to satisfy the anticipated capital needs of properties in its portfolio assisted under this section, as outlined in its Capital Fund 5-Year Action Plan, or a comparable plan, as determined by the Secretary. “(D) The Secretary may establish, by regulation, a maximum replacement reserve level or levels that are below amounts determined under subparagraph (C), which may be based upon the size of the portfolio assisted under this section or other factors. “(3) Transfer of operating funds.—In first establishing a replacement reserve, the Secretary may allow public housing agencies to transfer more than 20 percent of its operating funds into its replacement reserve. “(4) Expenditure.—Funds in a replacement reserve may be used for purposes authorized by subsection (d)(1) and contained in its Capital Fund 5-Year Action Plan. “(5) Management and report.—The Secretary shall establish appropriate accounting and reporting requirements to ensure that public housing agencies are spending funds on eligible projects and that funds in the replacement reserve are connected to capital needs.”. (b) Flexibility of Operating Fund Amounts.—Paragraph (1) of section 9(g) of the United States Housing Act of 1937 (42 U.S.C. 1437g(g)(1)) is amended— (1) by striking “(1)” and all that follows through “— Of” and inserting the following: “(1) Flexibility in use of funds.— “(A) Flexibility for capital fund amounts.—Of”; and (2) by adding at the end the following new subparagraph: “(B) Flexibility for operating fund amounts.—Of any amounts appropriated for fiscal year 2016 or any fiscal year thereafter that are allocated for fiscal year 2016 or any fiscal year thereafter from the Operating Fund for any public housing agency, the agency may use not more than 20 percent for activities that are eligible under subsection (d) for assistance with amounts from the Capital Fund, but only if the public housing plan under section 5A for the agency provides for such use.”."
Treatment Of Certain Municipal Obligations February 1, 2016
Luke Messer, R-IN
"In fact, according to the Society of Civil Engineers, State and local governments need $3.6 trillion to meet their infrastructure needs over the next 5 years. That is what is so disappointing about recent regulatory rules from the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Federal Reserve that will arbitrarily increase the costs for local governments and schools to borrow."
Energy Policy Modernization Act Of 2015 February 1, 2016
Lisa Murkowski, R-AK
"We will finally make some commonsense reforms to improve our notoriously slow Federal permitting system, which could benefit some of the projects that we have that we would like to get moving on. We have a project on Prince of Wales Island called Bokan Mountain that has rare earth potential. We also have a graphite deposit near Nome, and making sure that we help some of the changes that we see within this bill will be important."

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