Access Business Credit Act of 2022 or the ABC Act of 2022 This bill excludes from the gross income of certain banks, for income tax purposes, interest received on small business loans of up to $5 million. The exclusion does not apply to interest received after 2027. The bill applies to loans that are (1) secured by land situated in the United States that is used or held by the small business in connection with the active conduct of a farming business, or (2) incurred in the ordinary course of the trade or business of the small business. To be eligible for the exclusion, a bank must have less than $50 billion in assets at the close of the preceding taxable year.
Sponsored bills
Global Malnutrition Prevention and Treatment Act of 2021 This act sets out programs and otherwise directs the U.S. Agency for International Development (USAID) to carry out activities to prevent and treat malnutrition globally. Specifically, USAID may leverage resources to address malnutrition through the Global Nutrition Coordination Plan (an interagency effort to strengthen the impact of U.S. investments in nutrition) and its role on the board of directors of the U.S. International Development Finance Corporation. USAID must also select countries based on specified malnutrition-related indicators for purposes of targeting malnutrition prevention and treatment programs and update the selection within five years. Additionally, USAID may establish the Nutrition Leadership Council to coordinate federal government activities to prevent and treat malnutrition; and target resources and nutrition interventions to the populations most susceptible to severe malnutrition and otherwise support efforts to prevent and treat malnutrition globally. The act also requires USAID to provide to Congress an implementation plan and annual reports concerning its programs for treating and preventing malnutrition. The act's provisions terminate seven years after its enactment.
Auto Theft Prevention Act This bill establishes a grant program and allows other grants to be used to combat auto theft and stolen automobile trafficking. Specifically, the bill directs the Office of Community Oriented Policing Services within the Department of Justice to award grants for state and local law enforcement agencies to combat auto theft and stolen vehicle trafficking. Grant funds must be used for specified purposes, including to purchase equipment, hire additional law enforcement officers, and provide resources and training. The bill also allows funds under the Community Oriented Policing Services grant program to be used to combat auto thefts and stolen automobile trafficking.
This bill designates the facility of the United States Postal Service located at 3900 Crown Road Southwest in Atlanta, Georgia, as the John R. Lewis Post Office Building.
Heroes of the Warsaw Ghetto Congressional Gold Medal Act This bill provides for the award of a Congressional Gold Medal posthumously to commemorate the participants in the Warsaw Ghetto Uprising who led an armed resistance against Nazi occupiers.
This resolution recognizes the 15th anniversary of the establishment of Asian American and Native American Pacific Islander-serving institutions and supports the designation of an Asian American and Native American Pacific Islander-serving institutions Week.
Community and Technical College Investment Act of 2022 This bill establishes four grant programs, including a tuition-free community college grant program, to expand access to higher education. Specifically, the bill directs the Department of Education to establish a grant program to facilitate tuition-free community college for all eligible students, a grant program to provide institutional capacity and wraparound service support with respect to the implementation of tuition-free community college, a grant program to provide emergency aid subgrants to eligible students enrolled at public institutions of higher education, and a grant program to provide technical assistance to states applying for any of these grants.
Solutions Not Stigmas Act of 2022 This bill permits the Health Resources and Services Administration to establish a grant program for health professional schools or training programs to develop curricula in substance use disorder treatment or chronic pain education. Among other issues, the curricula must address (1) the reduction of stigma and bias associated with substance use and chronic pain, (2) prevention and early intervention for unhealthy substance use, and (3) best practices for prescribing addictive substances.
Supporting Our First Responders Act This bill requires the Department of Health and Human Services to award grants on a competitive basis to nongovernmental or governmental entities that provide medical transport and emergency medical services (EMS). Grant recipients may use funds to, for example, support the EMS workforce (e.g., by providing salaries and stipends or covering certification costs) and purchasing vehicles, personal protective equipment, and other resources.
Savings for Servicemembers Act This bill modifies the tax deduction for the travel expenses of members of a reserve component of the Armed Forces to decrease the distance from home requirement from 100 miles to 50 miles.