Oct 26, 2014
In this episode, we discuss the bills that passed in August and
September, the last bills to pass before the election. Included are
bills that give money to Israel, screw over immigrant kids, audit
the Fed, poison the environment, create huge corporate tax cuts,
and more. Also, the story of CryptoWall, the computer virus holding
our memories hostage.
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H.J. Res
76: A bill that gives $225 million to Israel's Iron Dome
Iron Dome By Israel Defense Forces and Nehemiya Gershoni
- Gave $225 million to Israel for their Iron Dome missile defense
system.
- Article:
Gaza Crisis: Toll of Operations in Gaza, BBC World, September
2014.
-
Article: Raytheon a key in Israeli defense plan, Boston Globe,
July 2014.
Written by
Rep. Rodney Frelinghuysen of New Jersey's 11th
district. It passed the House of Representatives with by a vote
of 248-176.
All Republicans voted yes. There was no recorded vote in the
Senate.
H.R. 5272:
Ship Off Children of Immigrants Act of 2014
-
Prevents all undocumented people from working in the United
States.
Written by
Rep. Marsha Blackburn of Tennessee's 7th
district. Passed the House of Representatives by a vote of
216-192.
Every Representative from the following states voted yes:
- Alaska
- Arkansas
- Idaho
- Kansas
- Montana
- Nebraska
- North Dakota
- Oklahoma
- South Dakota
- West Virginia
- Wyoming
H.R. 5078:
Waters of the United States Regulatory Overreach Protection Act of
2014
Written by
Rep. Steve Southerland of Florida's 2nd
district. The bill passed the House of Representatives by a
vote of 262-152.
H.R. 3522 A
bill that allows health insurance companies to provide less
coverage.
Written by
Rep. Bill Cassidy of Louisiana's 6th
district The bill passed the House of Representatives by a vote
of 247-167.
All Republicans voted yes.
H.R. 24
Federal Reserve Transparency Act of 2013
-
Requires an audit of the Board of Directors of the U.S. Federal
Reserve and the Federal Reserve banks within a year of this bill
becoming law.
-
Eliminates a list of things in the Federal Reserve that are not
allowed to be audited, including:
- Transactions for or with foreign central banks, foreign
governments, or international financing organizations.
- Debates and decisions on monetary policy
- The amount of money in member banks
Written by
Rep. Paul Broun of Georgia's 10th
district. The bill passed the House of Representatives by a
vote of 333-92.
H.R. 5462 A
bill that increases air travel fees
-
Increases the TSA fee from a
maximum $5 each way to $5.60 each way or $11.20 roundtrip.
Written by
Rep. Richard Hudson of North Carolina's
8th district. Passed the House of Representatives by a vote of
423-0.
H.R. 4 Jobs
for America Act
This bill is a package of bills that
have already passed the House of Representatives in the 113th
Congress.
Ways and Means
-
Includes the Save American Workers Act, which requires an
employee to work 40 hours per week, instead of 30 hours per week,
in order to be considered “full-time” and get employer-provided
health insurance. CBO said this bill would increase
the deficit by $45.7 billion over the next ten years. This bill was
discussed in CD075:
The April Bills.
-
Includes the American Reseach and Competitiveness Act of 2014,
which expands and permanently extends the tax credits businesses
receive for research and development expenses. The CBO said this bill alone
would increase the deficit by $156 billion over the next ten years.
This bill was discussed in CD077: The
May Bills.
-
Includes the America’s Small Business Tax Relief Act, which
expands and makes permanent an expiring corporate tax cut. CBO said this bill would
increase the deficit by $73 billion over the next ten years. This
bill was discussed in CD078: The
June Bills.
-
Includes the S Corporation Permanent Tax Relief Act, which
reduces the number of years that some corporate income is taxable.
CBO said this
bill would increase the deficit by $1.5 billion over the next ten
years. This bill was discussed in CD078: The
June Bills.
-
Includes the corporate tax cuts for upgrading the inside of
retail stores which CBO said would increase
the deficit by $287 billion dollars over the next ten years. This
bill was discussed in CD081: The
July Bills.
-
Repeals the
medical device excise tax, which is a 2.3% tax on corporations
who sell expensive medical equipment. Repealing the medical device
tax was discussed in episode CD046:
Shutdown Assured.
Financial Services
-
Includes the Small Business Capital Access and Job Preservation
Act, which exempts private equity fund advisers from registering
with the Securities and Exchange Commission (SEC). This bill was
discussed in episode
CD058: Space Travel, TSA, Wall Street, & Patents.
-
Includes the Small Business Mergers, Acquisitions, Sales, and
Brokerage Simplification Act, which exempts mergers and acquisition
brokers from registering with the Securities and Exchange
Commission. This bill was discussed in episode CD064:
Chemicals Shall Spill.
Oversight
-
Includes Unfunded Mandates Information and Transparency Act
which forces the government to let private companies write the
rules that will govern them and says political factors must be
considered.
-
Includes the All Economic Regulations are Transparent Act,
which makes it slower and harder for the government to enact any
regulations. This bill was discussed in episode CD072:
The February Bills.
Judiciary
-
Includes the Regulations From the Executive in Need of Scrutiny
Act (RIENS Act), which shuts down all regulations (except those
enacted by the Federal Reserve) by requiring Congressional approval
for all major rules that cost over $100 million or affect the
finances of businesses; rules that don't pass in under 70 days are
automatically killed. This bill was discussed in episode CD038:
Wasting July.
-
Includes the Permanent Internet Tax Freedom Act, which
prohibits State and local taxes on Internet access.
Natural Resources
Packaged by
Rep. Dave Camp of Michigan's 4th
district Passed the House of Representatives on September 15,
2014 by a vote of 253-163.
H.R. 2
American Energy Solutions for Lower Costs and More American Jobs
Act
-
Includes the Northern Route Approval Act, which grants or
eliminates all the permits needed to build the KeystoneXL pipeline.
This bill was discussed in CD029:
The Keystone XL Pipeline.
-
Includes the Natural Gas Pipeline Permitting Reform Act, which
rushes permits for natural gas pipelines and automatically approves
applications that take too long. This bill was discussed in
CD055: Three Bills for Fossil Fuels.
-
Includes the North American Energy Infrastructure Act, which
eliminates the permit needed to modify existing oil and gas
pipelines. This bill was discussed in CD079: The
June Bills.
-
Includes the Energy Consumers Relief Act of 2014, which
prohibits the EPA from enacting expensive rules. This bill was
discussed in CD038:
Wasting July.
-
Includes the Electricity Security and Affordability Act, which
shuts down EPA regulations of emissions from fossil fuel powered
utilities. This bill was discussed in CD074:
The March Bills.
-
Includes the Domestic Prosperity and Global Freedom Act, which
speeds up the permitting for natural gas export facilities. This
bill was discussed in CD079: The
June Bills.
-
Includes the Lowering Gasoline Prices to Fuel an America That
Works Act, which forces the government to lease at least 50% of the
area in the ocean with oil to the oil companies, automatically
approves drilling permits that take too long, charges citizens a
$5,000 protect fee to fight drilling in court, and abolishes the
Minerals Management Service - which no longer exists. This bill was
discussed in CD079: The
June Bills.
-
Includes the Bureau of Reclamation Conduit Hydropower
Development Equity and Jobs Act, which exempts hydropower projects
from environmental reviews. This bill was discussed in CD022:
Crippling the Regulators.
-
Includes the Protecting States’ Rights to Promote American
Energy Security Act, which prohibits the Federal government from
regulating fracking. This bill was discussed in
CD055: Three Bills for Fossil Fuels.
-
Includes Preventing Government Waste and Protecting Coal Mining
Jobs in America, which brings back a Bush Administration rule -
which was recently thrown out by the courts for failing to comply
with the Endangered Species Act - which would allow waste from
mountaintop removal for coal mining to be dumped into rivers and
streams. This bill was discussed in CD074:
The March Bills.
-
Includes the Responsibly And Professionally Invigorating
Development Act of 2014 (RAPID Act), which lets companies conduct
their own environmental reviews, automatically approves permits
that aren't finished on time, and prohibits judicial review of
Federal permits. This bill was discussed in CD074:
The March Bills.
This bill was packaged by
Rep. Lee Terry of Nebraska's 2nd
district. The bill passed on September 18 by a vote of 226-191.
CryptoWall
Article: CryptoWall: What is it
and how to protect your systems, TechRepublic, October 2014.
Music Presented in This Episode
Intro and Exit Music:
Tired of Being Lied To by David Ippolito, I Want Rosa to Stay by Alun
Parry, Summer's Over by Jonathon Coulton, Step Up by Dona
Oxford