Category «Legislation»

New IRS guideline on prepaying your property tax

Prepaying Your Property Tax? I.R.S. Cautions It Might Not Pay Off – “…The tax bill that President Trump signed into law last week sharply limited the itemized deductions for state and local taxes while raising the standard deduction for individuals and couples. Those rules do not take effect until 2018, however. That has led some …

Subjects: Congress, Economy, Financial System, Legal Research, Legislation

Notifications on Committee Action on Legislation

Via In Custodia Legis – this guide by Adrienne Keys, specialist in legislative information systems management within the Congressional Research Service (CRS) of the Library of Congress. “Did you know that by using Congress.gov, you can receive notifications of committee action on legislation? Use the Legislation Advanced Search form to create a saved search and set up email …

Subjects: Congress, Government Documents, Legal Research, Legislation

New on LLRX – Legislation Alert: Worrisome Changes to Government Publications Are Possible

Via LLRX – Legislation Alert: Worrisome Changes to Government Publications Are Possible Peggy Roebuck Jarrett writes about an issue that is significant to law librarians, federal documents librarians, and to the public. The subject is a draft House bill that proposes “to amend title 44, United States Code, to reform the organization, authorities, and programs …

Subjects: Congress, Freedom of Information, Government Documents, Legal Research, Legislation, Libraries

Bank Systemic Risk Regulation: The $50 Billion Threshold in the Dodd-Frank Act

Bank Systemic Risk Regulation: The $50 Billion Threshold in the Dodd-Frank Act, December 6, 2017. The 2007-2009 financial crisis highlighted the problem of “too big to fail” financial institutions—the concept that the failure of a large financial firmc ould trigger financial instability, which in several cases prompted extraordinary federal assistance to prevent their failure. This …

Subjects: Congress, Economy, Financial System, Government Documents, Legislation

Fundamentally Understanding the Usability and Realistic Evolution of Artificial Intelligence Act of 2017

“Cantwell, Young, Markey, Delaney & Olson Introduce Bill to Further Understand and Promote Development of Artificial Intelligence, Drive Economic Opportunity – Legislation creates federal advisory committee to examine and develop recommendations on: investment, workforce, privacy, and ethics, among others – [December 12, 2017] U.S. Senators Maria Cantwell (D-WA), Todd Young (R-IN), and Ed Markey (D-MA), …

Subjects: AI, Congress, Economy, Government Documents, Legislation

Two respected organizations release analysis with same conclusion – Tax Bill will increase deficit

Tax Foundation – Preliminary Details and Analysis of the Tax Cuts and Jobs Act, December 18, 2017″…Overall, the plan would decrease federal revenues by $1.47 trillion on a static basis and by $448 billion on a dynamic basis. The remaining difference is explained by temporary dynamic revenue growth from the bill’s numerous expiring provisions…” Committee …

Subjects: Congress, Economy, Financial System, Government Documents, Legal Research, Legislation

Paper – Tax Games, Roadblocks, and Glitches Under the New Legislation

Avi-Yonah, Reuven S. and Batchelder, Lily L. and Fleming, J. Clifton and Gamage, David and Glogower, Ari D. and Hemel, Daniel Jacob and Kamin, David and Kane, Mitchell and Kysar, Rebecca M. and Miller, David S. and Shanske, Darien and Shaviro, Daniel and Viswanathan, Manoj, The Games They Will Play: Tax Games, Roadblocks, and Glitches …

Subjects: Congress, Economy, Financial System, Government Documents, Legal Research, Legislation

S.177 – Data Security and Breach Notification Act of 2015

“Data Security and Breach Notification Act of 2015 – Requires the Federal Trade Commission (FTC) to promulgate regulations requiring commercial entities, nonprofit and for-profit corporations, estates, trusts, cooperatives, and other specified entities that own or possess data containing personal information (covered entities), or that contract to have a third-party maintain or process such data for …

Subjects: Congress, Cybercrime, Cybersecurity, E-Mail, Legislation

Analysis of the Long-Term Costs of the Administration’s Goals for the Military

CBO estimates that inflation-adjusted costs for the Department of Defense would climb from the $575 billion requested in 2018 to $688 billion in 2027 if DoD pursued goals that Administration officials have articulated for the military. “This report describes CBO’s analysis of the costs and budgetary consequences through 2027 of the current Administration’s goals for …

Subjects: Defense, Economy, Financial System, Government Documents, Legislation

Treasury IG to report on completed tax bill analysis that was not released

ThinkProgess: “Treasury watchdog to investigate why analysis of GOP tax bill was never made public. Sen. Warren said the department has “grossly misled” the public. The Treasury Department’s inspector general has opened an inquiry into why the department’s analysis of the Republican tax plan hasn’t been released to the public, following a request from Sen. …

Subjects: Congress, Government Documents, Legal Research, Legislation

IssueVoter supports direct communications between voters and elected officials

FastCompany: “A site called IssueVoter is designed to make it much simpler to follow what elected officials are doing, easily share opinions about proposed bills, and track the results of votes.“I use this analogy: When you hire someone, and you pay and promote them, you get to see their work and evaluate the work they’re …

Subjects: Congress, Knowledge Management, Legal Research, Legislation