This resolution expresses support for Israel's efforts of self-determination and collective security against external forces, recognizes Jerusalem as the legitimate capital city of Israel, and condemns actions by Hamas against the people of Israel.
Taxpayers and Savers Protection Act or the TSP Act This bill prohibits any sums in the Thrift Savings Fund from being invested in a security that is listed on an exchange in a jurisdiction in which the Public Company Accounting Oversight Board is prevented from conducting the mandatory inspection or investigation of a registered public accounting firm because of a position taken by an authority in that jurisdiction.
Gigabit Opportunity Act This bill authorizes the designation of qualified gigabit opportunity zones in low-income communities and provides tax incentives for investments in such zones. Governors may submit nominations for a limited number of qualified gigabit opportunity zones in low-income communities to the Department of the Treasury for certification and designation and must give particular consideration to areas that are facing obstacles to economic development due to a lack of geographic broadband coverage or speed; are the focus of mutually reinforcing state, local, or private economic development initiatives; are poised for economic growth that requires access to high speed broadband for commercial purposes; and represent the areas of a state where such service would result in the highest return on investment. For eligible taxpayers who sell certain broadband services, the bill allows (1) deferrals, reductions, or exemptions from taxes on capital gains invested in certain property used to provide broadband services in a zone; and (2) immediate expensing of the costs of the property. The bill also allows tax-exempt private activity bonds to be used for certain broadband projects in the zones. Within one year of enactment of this bill, the Federal Communications Commission must publish a Uniform Model Broadband Deployment Act containing laws for the state regulation of the deployment of broadband services. Qualified zones must either adopt the Act or laws comparable to the Act.
Rehabilitating Economic Success Through Overcoming Rural Emergencies Act or the RESTORE Act This bill expands the Department of Agriculture's Wildfire and Hurricane Indemnity Program Plus (WHIP+) to include coverage for losses of crops due to high winds or derechos, polar vortexes (including losses to dairy cooperatives due to power outages or curtailments), hailstorms, freeze, and droughts occurring in the 2020 and 2021 calendar years, with specified limitations. Under current law, the program provides disaster payments to agricultural producers who suffered crop, tree, bush, and vine losses resulting from hurricanes, wildfires, and other qualifying natural disasters that occurred in the 2018 and 2019 calendar years.
See the Crisis Act This bill limits international travel by the Vice President until after certain activities are undertaken regarding the southwest border. Specifically, the bill prohibits the obligation or expenditure of federal funds for the Vice President's travel expenses to travel outside of the United States until the Vice President (1) personally travels to at least one of several specified counties along the border to review the activities of federal agencies responsible for enforcing and implementing immigration laws, and (2) submits a report relating to the situation at the border.
This resolution reaffirms the importance to U.S. national interests of combating corruption, strengthening democratic institutions, and supporting judicial independence in El Salvador. Further, it urges El Salvador to respect its democratic institutions, including by strengthening government transparency, and to uphold human rights.
Crimea Annexation Non-Recognition Ac t This bill prohibits any federal agency from taking any action or extending any assistance that recognizes or implies recognition of Russia's sovereignty over Crimea, its airspace, or its territorial waters.
Hack Your State Department Act This bill requires the Department of State to design, establish, and make publicly known a Vulnerability Disclosure Process to improve cybersecurity. In establishing the process, the State Department must identify which information technology should be included, determine whether the process should differentiate among and specify the types of security vulnerabilities that may be targeted, and provide a readily available form and means of reporting, among other requirements. The bill also requires the State Department to establish a bug bounty pilot program, under which an approved individual, organization, or company is temporarily authorized to identify and report vulnerabilities of internet-facing information technology of the State Department in exchange for compensation.
Regulations from the Executive in Need of Scrutiny Act of 20 21 This bill revises provisions relating to congressional review of agency rulemaking. Specifically, the bill establishes a congressional approval process for a major rule. A major rule may only take effect if Congress approves of the rule. A major rule is a rule that results in (1) an annual effect on the economy of $100 million or more; (2) a major increase in costs or prices for consumers, individual industries, government agencies, or geographic regions; or (3) significant adverse effects on competition, employment, investment, productivity, innovation, or the ability of U.S.-based enterprises to compete with foreign-based enterprises. In addition, the bill establishes a congressional disapproval process for a nonmajor rule. A nonmajor rule may only take effect if Congress does not disapprove of the rule.
Iran Sanctions Relief Review Act of 2021 This bill restricts the President's authority to unilaterally undertake certain actions with respect to Iran and increases congressional oversight of those actions. Specifically, the President must report to Congress before terminating or waiving sanctions related to Iran or taking a licensing action that significantly alters U.S. foreign policy with respect to Iran. Each report must (1) describe the proposed action and its rationale, and (2) indicate whether or not the action is intended to significantly alter foreign policy concerning Iran. If the intention is to alter that policy, the report must provide additional information about the policy objectives and anticipated effects of the action. After the President submits a report, the bill provides Congress with a 30-day period to review it; this period is extended to 60 days for reports submitted between July 10 and September 7. During this period, Congress may enact a joint resolution approving or disapproving the action. During the review period, the President may not take the action unless Congress passes a joint resolution of approval; if Congress enacts a joint resolution of disapproval, the bill prohibits the President from taking the action. The bill also outlines procedures for the introduction and consideration of these types of joint resolutions.
