Financial Stability Oversight Council Improvement Act of 2021 The bill requires the Financial Stability Oversight Council, prior to determining that a U.S. nonbank financial company shall be supervised by the Federal Reserve Board and therefore subject to certain prudential standards, to first determine that certain alternative actions would not mitigate the threat the company may pose to U.S. financial stability.
Critical Mineral Access Act This bill authorizes the U.S. International Development Finance Corporation to provide support to high-income economy countries for developing and processing specified critical materials if such support furthers U.S. national security interests. Critical materials include, for example, rare earth elements, aluminum, and uranium. A high-income economy country is one with a per capita gross national income (GNI) that exceeds $12,695 for 2021. Current law limits the corporation's activities to facilitating the economic development of countries with a per capita GNI below that amount.
This bill establishes the Alzheimer's Research and Caregiving Trust Fund to pay for research regarding the treatment or cure of Alzheimer's disease and for education, counseling, respite, and other supportive services for individuals with Alzheimer's disease and their families, caregivers, and health care professionals. The bill allows taxpayers an election to contribute a whole dollar amount to the trust fund when they file their tax returns.
Every Vote Counts Act This bill requires states to take certain actions to facilitate absentee voting for federal elections. First, the bill requires each state to establish an absentee ballot tracking program to track and confirm receipt of absentee ballots for federal elections. The Election Assistance Commission must make payments to states for establishing these programs. Next, the bill requires each state to provide in each county secured drop boxes at which individuals may drop off their completed absentee ballots for federal elections. These drop boxes must be (1) available beginning 45 days before the election; (2) accessible to individuals with disabilities and individuals with limited proficiency in the English language; (3) accessible by public transit; (4) available during all hours of the day; and (5) located in all communities within the county, including rural communities and on tribal lands. States must also post the requirements for absentee ballots to be counted and tabulated in the election. Further, the bill outlines additional requirements that a state must meet in determining the number and location of drop boxes. The bill also requires the National Institute of Standards and Technology to develop alternatives to signature matching for verifying the identity of an individual who is voting by absentee ballot.
Trillion Trees Act This bills establishes a variety of requirements and incentives to plant trees and conduct other land management practices for the purposes of capturing and storing carbon in domestic and international trees and forests. Additionally, the bill provides incentives to research or develop other carbon sequestration tools. Specifically, the bill directs the Department of Agriculture (USDA) to set targets to increase forest carbon stock through January 1, 2100, for the purposes of sequestering and storing carbon in U.S. forests. It also establishes and provides funding for the Trillion Trees Challenge Fund to provide grants to nonfederal entities for activities related to reforestation efforts on public or private lands. In addition, it raises the cap on the Reforestation Trust Fund to enhance forest health in the National Forest System and requires the USDA to establish a Tree City USA Grant Program. The bill also allows the U.S. Agency for International Development to enter into an agreement with a nonprofit organization to establish an International Forest Foundation to promote reforestation and prevent deforestation. Additionally, it establishes requirements and incentives to address seedling shortages and support nurseries. Finally, the bill provides market incentives to research or develop other carbon sequestration tools relating to biochar, sustainable building practices, biochemical and bioplastic products, and biomass energy.
Farmworker Pesticide Safety Act This bill addresses the administration of the Pesticide Registration Fund under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA). Under the bill, any amounts collected for FIFRA violations must be deposited to be used as part of the fund. The bill prescribes how the fund must be used for FY2021-FY2023, including by instructing the Environmental Protection Agency (EPA) to utilize a certain amount of money from specified parts of the fund for partnership grants, the pesticide safety education program, and scientific and regulatory activities relating to worker protection. Finally, the bill requires the EPA to include in its annual report a comprehensive statement of fund expenditures and deposits into the fund that come from amounts collected for FIFRA violations.
Flexible Financing for Rural America Act This bill allows rural utility service providers to submit to the Department of Agriculture (USDA) a request to adjust the interest rate or modify the terms of certain loans. The request shall include a report summarizing how the adjustment or modification will assist the borrower in providing critical utility services to a rural community. Specifically, on receipt of a request, USDA or the Department of the Treasury (in the case of a loan owned by the Federal Financing Bank) must adjust the interest rate on the loan to match certain interest rates for obligations of comparable maturity to the term remaining on the loan (or a higher rate requested by the borrower), and make modifications to the loan terms as necessary to address changes in the financial position of the borrower due to the COVID-19 public health emergency and to promote the financial sustainability of the borrower. In carrying out the adjustments or modifications, USDA or Treasury shall not impose or collect any fee from, or impose any penalty on, a borrower. The bill also provides funding to implement the adjustments and modifications and for the liquidation of residual intragovernmental amounts owed by the Federal Financing Bank in connection with certain loans.
This resolution condemns Representative Alexandria Ocasio-Cortez of New York, Representative Rashida Tlaib of Michigan, Representative Ilhan Omar of Minnesota, and Representative Ayanna Pressley of Massachusetts for certain comments regarding Israel. It also expresses that Representative Ocasio-Cortez, Representative Tlaib, Representative Omar, and Representative Pressley each be censured.
This resolution expresses support for the goals and ideals of PCOS Awareness Month. Polycystic ovary syndrome (PCOS) is caused by a hormone imbalance. Symptoms can include infertility, weight gain, excess hair growth, and acne.
Philippine Human Rights Act This bill imposes limitations on providing assistance to the police or military of the Philippines. No federal funds may be used to provide such assistance until the Philippines government has taken certain actions, including (1) investigating and successfully prosecuting members of its military and police forces who have violated human rights, (2) withdrawing the military from domestic policing activities, and (3) establishing that it effectively protects the rights of journalists and civil society activists. The President shall also direct U.S. representatives at multilateral development banks to vote against providing loans to the police or military of the Philippines.
Protect America's Paper for Recycling Act This bill modifies the tax credit for producing electricity from renewable resources to revise the definition of municipal solid waste . The bill specifies that municipal solid waste does not include paper that is commonly recycled and that has been segregated from other solid waste, or solid waste that is collected as part of a system that does not provide for the separate collection of paper that is commonly recycled from residential solid waste. The bill includes exceptions for incidental and residual waste. In the case of a facility that produces electricity both from municipal solid waste and other solid waste that is not a qualified energy resource (1) the facility is a qualified facility if it otherwise meets the requirements for qualified facilities, and (2) the credit only applies to the portion of the electricity produced from municipal solid waste.
Pro-Growth Budgeting Act This bill requires the Congressional Budget Office and the Joint Committee on Taxation to incorporate a macroeconomic impact analysis in their cost estimates for major legislation. The macroeconomic impact analysis (commonly referred to as dynamic scoring) must include the budgetary effects of changes in economic output, employment, capital stock, tax revenues, the sources of financing new outlays, the total debt of the federal government, international trade, international capital flows, and other macroeconomic variables resulting from the legislation.
