h 43 52075 1217476800 false 1217476800 6690 762 110 400652

7/31/2008--Introduced.<br/>Sound Dollar and Economic Stimulus Act of 2008 - Requires the Board of Governors of the Federal Reserve System to: (1) make the value of the U.S. dollar equal to the market value of 0.05 of a troy ounce of gold; and (2) maintain that value at this level.<br/>Directs the Board to: (1) conduct open market operations against an explicit target for the price of gold on the exchange operated by the Commodities Exchange, Inc. (COMEX) of the New York Mercantile Exchange, Inc.; and (2) not perform such operations indirectly, as in the current practice of targeting the federal funds rate.<br/>Requires the Board to use its banking and bank regulatory powers to maintain and promote stable and effective financial markets during and after the transition to a defined value for the U.S. dollar.<br/>Entitles all entities that depreciate capital assets for tax purposes to 100% expensing of all capital investment for tax purposes in the year that the investment is made.<br/>Requires the Congressional Budget Office (CBO), in addition to the scoring CBO will do of the tax changes provided in this Act, to calculate the impact on federal revenues on a present value basis.<br/>

1217476800 2008-07-31 Fri Nov 07 07:42:55 -0600 2008 introduced 52075 'act':6 '2008':8 'sound':1 'dollar':2 'econom':4 'stimulus':5 63066 false short introduced 52075 'unit':10 'valu':16 'defin':14 'sound':9 'state':11 'dollar':12,19 'provid':6 'purpos':23 'stimul':2 'economi':4 63067 false official action 52075 1217476800 Thu Jul 31 00:00:00 -0500 2008 169724 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. P000592 1948-10-13 3255 1605 Longworth House Office Building http://poe.house.gov/email/ 2 202-225-5547 Ted 'r':4 '-2':6 'tx':5 'poe':3,8,10 'rep':1 'ted':2,7,9 M 400652 Poe Ted_Poe Rep. Ted Poe [R, TX-2] 1056 N00026457 7606 Republican 202-225-6565 Unknown TX Ted Poe 5.14285714285714 http://www.house.gov/poe/ action 52075 1217476800 Thu Jul 31 00:00:00 -0500 2008 169724 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. action 52075 1217476800 Thu Jul 31 00:00:00 -0500 2008 169725 Referred to House Financial Services action 52075 1217476800 Thu Jul 31 00:00:00 -0500 2008 169726 Referred to House Ways and Means action 52075 1217476800 Thu Jul 31 00:00:00 -0500 2008 169727 Referred to House Budget introduced 52075 1217476800 Thu Jul 31 00:00:00 -0500 2008 169723