H.R.3548 - Worker, Homeownership, and Business Assistance Act of 2009
To amend the Supplemental Appropriations Act, 2008 to provide for the temporary availability of certain additional emergency unemployment compensation, and for other purposes. view all titles (6)
All Bill Titles
- Short: Unemployment Compensation Extension Act of 2009 as introduced.
- Official: To amend the Supplemental Appropriations Act, 2008 to provide for the temporary availability of certain additional emergency unemployment compensation, and for other purposes. as introduced.
- Popular: Worker, Homeownership, and Business Assistance Act of 2009 as introduced.
- Short: Worker, Homeownership, and Business Assistance Act of 2009 as passed senate.
- Short: Worker, Homeownership, and Business Assistance Act of 2009 as enacted.
- Short: Unemployment Compensation Extension Act of 2009 as passed house.
Bill's Views
- Today: 60
- Past Seven Days: 405
- All-Time: 392,461
Committees
Latest Vote
Roll call number 859 in the House
Question: Suspend the Rules and Concur in the Senate Amendment: H R 3548 Worker, Homeownership, and Business Assistance Act
Democrats Voting 'Aye'
Neil AbercrombieRep. Gary Ackerman [D, NY-5]
John Adler
Rep. Jason Altmire [D, PA-4]
Rep. Robert Andrews [D, NJ-1]
Michael Arcuri
Rep. Joe Baca [D, CA-43]
Brian Baird
Rep. Tammy Baldwin [D, WI-2]
Rep. John Barrow [D, GA-12]
Melissa Bean
Rep. Xavier Becerra [D, CA-31]
Rep. Shelley Berkley [D, NV-1]
Rep. Howard Berman [D, CA-28]
Robert Berry
Rep. Timothy Bishop [D, NY-1]
Rep. Sanford Bishop [D, GA-2]
Rep. Earl Blumenauer [D, OR-3]
John Boccieri
Rep. Dan Boren [D, OK-2]
Rep. Leonard Boswell [D, IA-3]
Frederick Boucher
Allen Boyd
Bobby Bright
Rep. Corrine Brown [D, FL-3]
Rep. George Butterfield [D, NC-1]
Rep. Lois Capps [D, CA-23]
Rep. Dennis Cardoza [D, CA-18]
Rep. Russ Carnahan [D, MO-3]
Christopher Carney
Rep. André Carson [D, IN-7]
Rep. Kathy Castor [D, FL-11]
Rep. Ben Chandler [D, KY-6]
Travis Childers
Rep. Judy Chu [D, CA-32]
Rep. Yvette Clarke [D, NY-11]
Rep. William Clay [D, MO-1]
Rep. Emanuel Cleaver [D, MO-5]
Rep. James Clyburn [D, SC-6]
Rep. Steve Cohen [D, TN-9]
Rep. Gerald Connolly [D, VA-11]
Rep. John Conyers [D, MI-14]
Rep. Jim Cooper [D, TN-5]
Rep. Jim Costa [D, CA-20]
Rep. Jerry Costello [D, IL-12]
Rep. Joe Courtney [D, CT-2]
Rep. Joseph Crowley [D, NY-7]
Rep. Henry Cuellar [D, TX-28]
Rep. Elijah Cummings [D, MD-7]
Kathleen Dahlkemper
Artur Davis
Rep. Susan Davis [D, CA-53]
Rep. Danny Davis [D, IL-7]
Lincoln Davis
Rep. Peter DeFazio [D, OR-4]
Rep. Diana DeGette [D, CO-1]
William Delahunt
Rep. Rosa DeLauro [D, CT-3]
Rep. Norman Dicks [D, WA-6]
Rep. John Dingell [D, MI-15]
Rep. Lloyd Doggett [D, TX-25]
Rep. Joe Donnelly [D, IN-2]
Rep. Michael Doyle [D, PA-14]
Steve Driehaus
Rep. Donna Edwards [D, MD-4]
Thomas Edwards
Rep. Keith Ellison [D, MN-5]
Brad Ellsworth
Rep. Eliot Engel [D, NY-17]
Rep. Anna Eshoo [D, CA-14]
Bob Etheridge
Rep. Sam Farr [D, CA-17]
Rep. Chaka Fattah [D, PA-2]
Rep. Bob Filner [D, CA-51]
Bill Foster
Rep. Barney Frank [D, MA-4]
Rep. Marcia Fudge [D, OH-11]
Rep. John Garamendi [D, CA-10]
Rep. Gabrielle Giffords [D, AZ-8]
Rep. Charles Gonzalez [D, TX-20]
Barton Gordon
Alan Grayson
Rep. Raymond Green [D, TX-29]
Rep. Al Green [D, TX-9]
Rep. Raul Grijalva [D, AZ-7]
Rep. Luis Gutiérrez [D, IL-4]
John Hall
Deborah Halvorson
Phil Hare
Rep. Jane Harman [D, CA-36]
Rep. Alcee Hastings [D, FL-23]
Rep. Martin Heinrich [D, NM-1]
Rep. Brian Higgins [D, NY-27]
Baron Hill
Rep. James Himes [D, CT-4]
Rep. Maurice Hinchey [D, NY-22]
Rep. Rubén Hinojosa [D, TX-15]
Rep. Mazie Hirono [D, HI-2]
Paul Hodes
Rep. Tim Holden [D, PA-17]
Rep. Rush Holt [D, NJ-12]
Rep. Steny Hoyer [D, MD-5]
Rep. Jay Inslee [D, WA-1]
Rep. Steve Israel [D, NY-2]
Rep. Jesse Jackson [D, IL-2]
Rep. Sheila Jackson-Lee [D, TX-18]
Rep. Eddie Johnson [D, TX-30]
Rep. Henry Johnson [D, GA-4]
Steve Kagen
Paul Kanjorski
Rep. Marcy Kaptur [D, OH-9]
Patrick Kennedy
Rep. Dale Kildee [D, MI-5]
Carolyn Kilpatrick
Mary Jo Kilroy
Rep. Ronald Kind [D, WI-3]
Ann Kirkpatrick
Rep. Larry Kissell [D, NC-8]
Ron Klein
Suzanne Kosmas
Frank Kratovil
Rep. Dennis Kucinich [D, OH-10]
Rep. James Langevin [D, RI-2]
Rep. Rick Larsen [D, WA-2]
Rep. John Larson [D, CT-1]
Rep. Barbara Lee [D, CA-9]
Rep. Sander Levin [D, MI-12]
Rep. John Lewis [D, GA-5]
Rep. Daniel Lipinski [D, IL-3]
Rep. David Loebsack [D, IA-2]
Rep. Zoe Lofgren [D, CA-16]
Rep. Nita Lowey [D, NY-18]
Rep. Ben Luján [D, NM-3]
Rep. Stephen Lynch [D, MA-9]
Daniel Maffei
Rep. Carolyn Maloney [D, NY-14]
Betsy Markey
Rep. Edward Markey [D, MA-7]
James Marshall
Eric Massa
Rep. Jim Matheson [D, UT-2]
Rep. Doris Matsui [D, CA-5]
Rep. Carolyn McCarthy [D, NY-4]
Rep. Betty McCollum [D, MN-4]
Rep. James McDermott [D, WA-7]
Rep. James McGovern [D, MA-3]
Rep. Mike McIntyre [D, NC-7]
Michael McMahon
Rep. Jerry McNerney [D, CA-11]
Kendrick Meek
Rep. Gregory Meeks [D, NY-6]
Charles Melancon
Rep. Michael Michaud [D, ME-2]
Rep. George Miller [D, CA-7]
Rep. Bradley Miller [D, NC-13]
Walter Minnick
Harry Mitchell
Alan Mollohan
Rep. Gwen Moore [D, WI-4]
Dennis Moore
Rep. James Moran [D, VA-8]
Scott Murphy
Rep. Christopher Murphy [D, CT-5]
John Murtha
Rep. Jerrold Nadler [D, NY-8]
Rep. Grace Napolitano [D, CA-38]
Rep. Richard Neal [D, MA-2]
Glenn Nye
James Oberstar
Rep. John Olver [D, MA-1]
Solomon Ortiz
Rep. Frank Pallone [D, NJ-6]
Rep. William Pascrell [D, NJ-8]
Rep. Edward Pastor [D, AZ-4]
Rep. Donald Payne [D, NJ-10]
Rep. Ed Perlmutter [D, CO-7]
Thomas Perriello
Rep. Gary Peters [D, MI-9]
Rep. Collin Peterson [D, MN-7]
Rep. Chellie Pingree [D, ME-1]
Rep. Jared Polis [D, CO-2]
Earl Pomeroy
Rep. David Price [D, NC-4]
Rep. Mike Quigley [D, IL-5]
Rep. Nick Rahall [D, WV-3]
Rep. Charles Rangel [D, NY-15]
Rep. Silvestre Reyes [D, TX-16]
Rep. Laura Richardson [D, CA-37]
Ciro Rodriguez
Rep. Mike Ross [D, AR-4]
Rep. Steven Rothman [D, NJ-9]
Rep. Lucille Roybal-Allard [D, CA-34]
Rep. Dutch Ruppersberger [D, MD-2]
Rep. Bobby Rush [D, IL-1]
Rep. Timothy Ryan [D, OH-17]
John Salazar
Rep. Loretta Sanchez [D, CA-47]
Rep. John Sarbanes [D, MD-3]
Rep. Janice Schakowsky [D, IL-9]
Mark Schauer
Rep. Adam Schiff [D, CA-29]
Rep. Kurt Schrader [D, OR-5]
Rep. Allyson Schwartz [D, PA-13]
Rep. Robert Scott [D, VA-3]
Rep. David Scott [D, GA-13]
Rep. José Serrano [D, NY-16]
Joe Sestak
Carol Shea-Porter
Rep. Brad Sherman [D, CA-27]
Rep. Heath Shuler [D, NC-11]
Rep. Albio Sires [D, NJ-13]
Ike Skelton
Rep. Louise Slaughter [D, NY-28]
Rep. Adam Smith [D, WA-9]
Victor Snyder
Zachary Space
Rep. Jackie Speier [D, CA-12]
John Spratt
Rep. Fortney Stark [D, CA-13]
Rep. Betty Sutton [D, OH-13]
John Tanner
Gene Taylor
Harry Teague
Rep. Bennie Thompson [D, MS-2]
Rep. Michael Thompson [D, CA-1]
Rep. John Tierney [D, MA-6]
Dina Titus
Rep. Paul Tonko [D, NY-21]
Rep. Edolphus Towns [D, NY-10]
Rep. Niki Tsongas [D, MA-5]
Rep. Christopher Van Hollen [D, MD-8]
Rep. Nydia Velázquez [D, NY-12]
Rep. Peter Visclosky [D, IN-1]
Rep. Timothy Walz [D, MN-1]
Rep. Debbie Wasserman Schultz [D, FL-20]
Rep. Maxine Waters [D, CA-35]
Diane Watson
Rep. Melvin Watt [D, NC-12]
Rep. Henry Waxman [D, CA-30]
Rep. Anthony Weiner [D, NY-9]
Rep. Peter Welch [D, VT-0]
Robert Wexler
Charles Wilson
Rep. Lynn Woolsey [D, CA-6]
Rep. David Wu [D, OR-1]
Rep. John Yarmuth [D, KY-3]
Republicans Voting 'Aye'
Rep. Todd Akin [R, MO-2]Rep. Rodney Alexander [R, LA-5]
Rep. Steve Austria [R, OH-7]
Rep. Michele Bachmann [R, MN-6]
Rep. Spencer Bachus [R, AL-6]
James Barrett
Rep. Roscoe Bartlett [R, MD-6]
Rep. Joe Barton [R, TX-6]
Rep. Judy Biggert [R, IL-13]
Rep. Brian Bilbray [R, CA-50]
Rep. Gus Bilirakis [R, FL-9]
Rep. Rob Bishop [R, UT-1]
Rep. Marsha Blackburn [R, TN-7]
Sen. Roy Blunt [R, MO]
Rep. John Boehner [R, OH-8]
Rep. Jo Bonner [R, AL-1]
Rep. Mary Bono Mack [R, CA-45]
Sen. John Boozman [R, AR]
Rep. Charles Boustany [R, LA-7]
Rep. Kevin Brady [R, TX-8]
Henry Brown
Virginia Brown-Waite
Rep. Vern Buchanan [R, FL-13]
Rep. Dan Burton [R, IN-5]
Stephen Buyer
Rep. Ken Calvert [R, CA-44]
Rep. David Camp [R, MI-4]
Rep. John Campbell [R, CA-48]
Rep. Eric Cantor [R, VA-7]
Anh Cao
Rep. Shelley Capito [R, WV-2]
Rep. John Carter [R, TX-31]
Rep. Bill Cassidy [R, LA-6]
Michael Castle
Rep. Jason Chaffetz [R, UT-3]
Rep. Howard Coble [R, NC-6]
Rep. Mike Coffman [R, CO-6]
Rep. Michael Conaway [R, TX-11]
Rep. Ander Crenshaw [R, FL-4]
Nathan Deal
Rep. Charles Dent [R, PA-15]
Rep. Mario Diaz-Balart [R, FL-21]
Lincoln Diaz-Balart
Rep. David Dreier [R, CA-26]
Rep. John Duncan [R, TN-2]
Vernon Ehlers
Rep. Jo Ann Emerson [R, MO-8]
Mary Fallin
Rep. John Fleming [R, LA-4]
Rep. Randy Forbes [R, VA-4]
Rep. Jeffrey Fortenberry [R, NE-1]
Rep. Virginia Foxx [R, NC-5]
Rep. Rodney Frelinghuysen [R, NJ-11]
Rep. Elton Gallegly [R, CA-24]
Rep. Jim Gerlach [R, PA-6]
Rep. John Gingrey [R, GA-11]
Rep. Louis Gohmert [R, TX-1]
Rep. Robert Goodlatte [R, VA-6]
Rep. Kay Granger [R, TX-12]
Rep. Samuel Graves [R, MO-6]
Parker Griffith
Rep. Brett Guthrie [R, KY-2]
Rep. Ralph Hall [R, TX-4]
Rep. Doc Hastings [R, WA-4]
Sen. Dean Heller [R, NV]
Rep. Jeb Hensarling [R, TX-5]
Rep. Walter Herger [R, CA-2]
Peter Hoekstra
Rep. Duncan Hunter [R, CA-52]
Bob Inglis
Rep. Darrell Issa [R, CA-49]
Rep. Lynn Jenkins [R, KS-2]
Rep. Timothy Johnson [R, IL-15]
Rep. Samuel Johnson [R, TX-3]
Rep. Walter Jones [R, NC-3]
Rep. Jim Jordan [R, OH-4]
Rep. Peter King [R, NY-3]
Rep. Steve King [R, IA-5]
Rep. Jack Kingston [R, GA-1]
Sen. Mark Kirk [R, IL]
Rep. John Kline [R, MN-2]
Rep. Doug Lamborn [R, CO-5]
Rep. Leonard Lance [R, NJ-7]
Rep. Thomas Latham [R, IA-4]
Rep. Steven LaTourette [R, OH-14]
Rep. Robert Latta [R, OH-5]
Rep. Christopher Lee [R, NY-26]
Rep. Jerry Lewis [R, CA-41]
Rep. Frank LoBiondo [R, NJ-2]
Rep. Frank Lucas [R, OK-3]
Rep. Blaine Luetkemeyer [R, MO-9]
Rep. Cynthia Lummis [R, WY-0]
Rep. Daniel Lungren [R, CA-3]
Rep. Connie Mack [R, FL-14]
Rep. Donald Manzullo [R, IL-16]
Rep. Kenny Marchant [R, TX-24]
Rep. Kevin McCarthy [R, CA-22]
Rep. Michael McCaul [R, TX-10]
Rep. Thaddeus McCotter [R, MI-11]
Rep. Patrick McHenry [R, NC-10]
Rep. Howard McKeon [R, CA-25]
Rep. Cathy McMorris Rodgers [R, WA-5]
Rep. John Mica [R, FL-7]
Rep. Candice Miller [R, MI-10]
Rep. Jeff Miller [R, FL-1]
Rep. Gary Miller [R, CA-42]
Sen. Jerry Moran [R, KS]
Rep. Tim Murphy [R, PA-18]
Rep. Sue Myrick [R, NC-9]
Rep. Randy Neugebauer [R, TX-19]
Rep. Pete Olson [R, TX-22]
Rep. Erik Paulsen [R, MN-3]
Rep. Mike Pence [R, IN-6]
Rep. Thomas Petri [R, WI-6]
Rep. Joseph Pitts [R, PA-16]
Rep. Todd Platts [R, PA-19]
Rep. Bill Posey [R, FL-15]
Adam Putnam
Rep. Dennis Rehberg [R, MT-0]
Rep. Dave Reichert [R, WA-8]
Rep. Phil Roe [R, TN-1]
Rep. Michael Rogers [R, AL-3]
Rep. Harold Rogers [R, KY-5]
Rep. Dana Rohrabacher [R, CA-46]
Rep. Thomas Rooney [R, FL-16]
Rep. Peter Roskam [R, IL-6]
Rep. Ileana Ros-Lehtinen [R, FL-18]
Rep. Edward Royce [R, CA-40]
Rep. Paul Ryan [R, WI-1]
Rep. Jean Schmidt [R, OH-2]
Rep. Aaron Schock [R, IL-18]
Rep. James Sensenbrenner [R, WI-5]
Rep. John Shimkus [R, IL-19]
Rep. William Shuster [R, PA-9]
Rep. Michael Simpson [R, ID-2]
Rep. Christopher Smith [R, NJ-4]
Rep. Lamar Smith [R, TX-21]
Rep. Adrian Smith [R, NE-3]
Mark Souder
Rep. Clifford Stearns [R, FL-6]
Rep. John Sullivan [R, OK-1]
Rep. Lee Terry [R, NE-2]
Rep. Glenn Thompson [R, PA-5]
Rep. William Thornberry [R, TX-13]
Todd Tiahrt
Rep. Patrick Tiberi [R, OH-12]
Rep. Michael Turner [R, OH-3]
Rep. Frederick Upton [R, MI-6]
Rep. Greg Walden [R, OR-2]
Zach Wamp
Rep. Lynn Westmoreland [R, GA-3]
Rep. Edward Whitfield [R, KY-1]
Rep. Addison Wilson [R, SC-2]
Rep. Rob Wittman [R, VA-1]
Rep. Frank Wolf [R, VA-10]
Rep. Bill Young [R, FL-10]
Rep. Donald Young [R, AK-0]
Others Voting 'Aye'
Democrats Voting 'Abstain'
Rep. Robert Brady [D, PA-1]Rep. Bruce Braley [D, IA-1]
Rep. Michael Capuano [D, MA-8]
Stephanie Herseth Sandlin
Rep. Michael Honda [D, CA-15]
Patrick Murphy
David Obey
Rep. Linda Sánchez [D, CA-39]
Bart Stupak
Republicans Voting 'Abstain'
Rep. Robert Aderholt [R, AL-4]Rep. Tom Cole [R, OK-4]
Rep. John Culberson [R, TX-7]
Rep. Geoff Davis [R, KY-4]
Rep. Gregg Harper [R, MS-3]
Rep. Devin Nunes [R, CA-21]
Rep. Ted Poe [R, TX-2]
Rep. Michael Rogers [R, MI-8]
Rep. Peter Sessions [R, TX-32]
Others Voting 'Abstain'
OpenCongress Summary
This bill would extend unemployment insurance benefits by 13 weeks in states that have jobless rates above 8.5 percent. A list of unemployment rates state-by-state can be seen here.For more information, please see the OpenCongress Wiki article on Emergency Unemployment Compensation.
Official Summary
11/5/2009--Public Law. (This measure has not been amended since it was passed by the Senate on November 4, 2009. The summary of that version is repeated here.) Worker, Homeownership, and Business Assistance Act of 2009 - (Sec. 2) Amends the Supplemental Appropriations Act, 2008 to repeal tOfficial Summary
11/5/2009--Public Law. (This measure has not been amended since it was passed by the Senate on November 4, 2009. The summary of that version is repeated here.) Worker, Homeownership, and Business Assistance Act of 2009 -(Sec. 2)
Amends the Supplemental Appropriations Act, 2008 to repeal the requirement that a state be in an extended benefit period before it augments the Tier-2 amounts in an applicant's emergency unemployment compensation account (EUCA) for a benefit year. (Continues to require, as under current law, that the amount established in an individual's EUCA be exhausted before it can be augmented.) Revises the formula for making such Tier-2 credits. Increases the figures in the formula (the lesser of which shall be the amount credited):(1) from 50% to 54% of the total amount of regular compensation (including dependents' allowances) payable to the individual during the benefit year; and
(2) from 13 to 14 times the individual's average weekly benefit amount for the benefit year. Repeals the formula for determining if a state is in an extended benefit period.
(Sec. 3)
Requires an additional Tier-3 deposit to an individual's EUCA, using the current formula for the Tier-2 period, if at the time that the amount established under this Act is exhausted, or at any time thereafter, the individual's state is in an extended benefit period. Prescribes a formula for determining if a state is in an extended benefit period. Allows application of the Tier-3 augmentation to the individual's EUCA only once.(Sec. 4)
Requires an additional Tier-4 augmentation as well if the individual's EUCA after the Tier-3 augmentation is again exhausted and the state is still in an extended benefit period. Decreases the figures in the formula for the Tier-4 period (the lesser of which shall be the amount credited):(1) from 50% to 24% of the total amount of regular compensation (including dependents' allowances) payable to the individual during the benefit year; and
(2) from 13 to 6 times the individual's average weekly benefit amount for the benefit year. Prescribes a formula for determining if a state is in an extended benefit period. Allows application of the Tier-4 augmentation to the individual's EUCA only once.
(Sec. 5)
Authorizes a state to pay extended compensation to an otherwise eligible individual before any emergency unemployment compensation (EUC) is paid under this Act, if the individual claimed extended compensation for at least one week of unemployment after the initial exhaustion of EUC. Authorizes a state to elect to pay Tier-3 EUC before payment of an increased Tier-2 EUC until the state determines that such increased Tier-2 EUC may be paid without undue delay.(Sec. 7)
Amends the Social Security Act to revise state law requirements for a state to qualify for unemployment compensation modernization incentive payments. Prohibits a state's law from disqualifying an individual from regular unemployment compensation for separating from employment if that separation is for any compelling family reason such as sexual assault and/or, as under current law, domestic violence.(Sec. 8)
Requires disregard in the consideration of an individual's income and assets with respect to benefits under the Supplemental Nutrition Assistance Program (SNAP) of the monthly equivalent of any additional compensation paid to the individual by reason of the Assistance for Unemployed Workers and Struggling Families Act.(Sec. 9)
Amends the Railroad Unemployment Insurance Act, as amended by the American Recovery and Reinvestment Act of 2009, to extend through December 31, 2010, the temporary increase in extended unemployment benefits for employees with 10 or more years of service and for those with less than 10. Makes additional appropriations to cover such cost. Amends the American Recovery and Reinvestment Act of 2009 to make additional appropriations to the Railroad Retirement Board to cover administrative expenses associated with the payment of such additional extended benefits.(Sec. 10)
Amends the Internal Revenue Code to extend the .2% surtax under the Federal Unemployment Tax Act (FUTA) through the first six months of 2011.(Sec. 11)
Extends the first-time homebuyer tax credit through April 30, 2010. Allows a further extension through June 30, 2010, for taxpayers who enter into a written, binding contract for the purchase of a principal residence before May 1, 2010. Extends provisions allowing a waiver of recapture amounts for residences sold prior to the required holding period to any residence purchased after December 31, 2008. Allows taxpayers who purchase a principal residence after December 31, 2008, to treat, for tax purposes, the purchase of such residence as having been made on December 31 of the previous year. Allows homeowners who have owned a principal residence for five consecutive years during an eight-year period a first-time homebuyer tax credit of $6,500 for the purchase of a subsequent principal residence. Increases the income limitation for eligibility for the credit. Disqualifies for the credit residential purchases exceeding $800,000. Allows a waiver of recapture requirements for such credit to members of the uniformed services, members of the Foreign Service, or employees of the intelligence community on official extended duty service. Extends the first-time homebuyer credit through April 30, 2011, for members of the uniformed services, members of the Foreign Service, or employees of the intelligence community who are on official extend duty outside the United States for at least 90 days between January 1, 2009, and April 30, 2010. Disqualifies for the credit a taxpayer who is the dependent of another taxpayer.(Sec. 12)
Requires taxpayers who claim the first-time homebuyer tax credit to:(1) be at least 18 years old at the time of purchase of an eligible principal residence; and
(2) attach a copy of the settlement statement for purchasing the residence to their tax return.
(Sec. 13)
Allows a taxpayer election to extend to five years the carryback period for net operating losses (NOL) incurred in 2008 or 2009. Limits the amount of a NOL carried back to the fifth taxable year to 50% of taxable income, except for small business taxpayers with gross receipts of $15 million or less. Suspends the 90% limitation on the use of any NOL for purposes of computing the alternative minimum tax (AMT) attributable to such extended carryback period. Allows an extended carryback period for losses incurred in 2008 and 2009 from operations of life insurance companies. Disqualifies the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), certain recipients of federal assistance under the Troubled Asset Relief Program (TARP), and affiliated entities from making an election to extend a NOL carryback period. Requires the Secretary of the Treasury to prescribe rules to prevent taxpayer abuse of the NOL carryback election.(Sec. 14)
Extends the tax exclusion for payments made under the Department of Defense (DOD) Homeowners Assistance Program to offset adverse effects on housing values resulting from military base realignments or closure to similar payments authorized under the American Recovery and Reinvestment Tax Act of 2009.(Sec. 15)
Delays until 2018 the application of special rules for the worldwide allocation of interest for purposes of computing the limitation on the foreign tax credit.(Sec. 16)
Increases the penalty for failure to file a partnership or S corporation tax return.(Sec. 17)
Requires tax return preparers who expect to file more than 10 tax returns to file such returns electronically.(Sec. 18)
Increases by 33% the percentage of estimated tax required to be paid in the third quarter of 2014 by corporations with assets of not less than $1 billion....Read the Rest
Organizations Supporting H.R.3548
- National Association of Realtors
Organizations Opposing H.R.3548
- None via MapLight at this time.
Recent News Coverage
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The GOP and its Malice in Wonderland attitude
And one only need harken back to last November when President Obama proudly signed HR 3548 extending unemployment benefits and declaring how fiscally sound ...
Hinchey Working To Extend Unemployment Insurance
... Hinchey voted to pass legislation (HR 3548) to provide up to 13 additional weeks of unemployment benefits to workers in high unemployment states who are ...
Hinchey Working to Extend Unemployment Insurance
... Hinchey voted to pass legislation (HR 3548) to provide up to 13 additional weeks of unemployment benefits to workers in high unemployment states who are ...
Recent Blog Coverage
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H.R.3548: Plain Language in Government ... - OpenCongress
All Bill Titles. Official: To enhance citizen access to Government information and services by establishing plain language as the standard style for Government documents issued to the public, and for other ... -
WashingtonWatch.com - S. 1647, The Assistance for Unemployed ...
IF YOU WANT HELP GO POST AND VOTE "FOR" http://www.washingtonwatch.com/bills/show/111_HR_3548.html & http://www.opencongress.org/bill/111-h3548/show. DON'T BE LAZY TO GET HELP REGISTER AND VOTE ! ... -
Why Is Pretz Nasal Spray ? Additional Unemployment Benefits In Texas
This bill would extend unemployment insurance benefits by 13 weeks in states that have ... availability of certain additional emergency unemployment compensation, and for other ... www.opencongress.org/bill/111-h3548/show ...
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U.S. Congress - H.R.3548 Worker, Homeownership, and Business Assistance Act of 2009



