CD079: The June Bills

This episode highlights the laws and bills that passed the House of Representatives in June. Most of the bills this month were dedicated to cutting corporate taxes and keeping us hooked on fossil fuels. Laws : WWII Memorial Prayer Act The bill originated in the Senate, where it passed unanimously; it passed the House on June 23 by 370-12 and was signed into law a week later. A will be installed at the Washington D.C. World War II memorial that says that President Roosevelt prayed on the morning of D-Day. The plaque will be . Written by Sen. Rob Portman of Ohio. : Collinsville Renewable Energy Production Act Allows the Federal Energy Regulatory Commission to in Connecticut and allows the license to be transferred to the town of Canton, Connecticut. Written by Elizabeth Esty, a Democrat from Connecticut. The bill passed unanimously in the Senate and was supported by every Democrat in the House; only three Republicans voted against it. It was signed into law on June 30th. Bills : America’s Small Business Tax Relief Act of 2014 Makes permanent a four year business tax cut that allowed businesses to in property from their taxes. This is supposed to . Adds things that can be deducted such as , and . on what can be deducted. The amounts that can be deducted would . The effects this bill would have on the budget . Written by . The bill passed with a vote of . S Corporation Permanent Tax Relief Act of 2014 Lowers the number of years that a kind of corporate income is taxable . The effects this bill would have on the budget . The bill passed with the same two Republicans who voted against HR 4457 - Walter Jones of North Carolina and retiring Congressman John Campbell of California- voting against it. Forty-two Democrats said yes to this bill. The bill was written by of Washington. : Customer Protection and End User Relief Act requires traders to have enough money to pay out customer bets and adds reporting requirements, but implements no punishment for non-compliance. Title II makes the Commodity Futures Trading Commission publish the and within the Commodities Futures Trading Commission which has . The Commodity Futures Trading Commission could by a person - or corporation - that doesn't like their rules. The court can overturn the rules. swaps gamblers from having to set aside money. , which would effectively exempt them from some regulations. These changes are to July 21, 2010 (the effective date of the Dodd-Frank financial reform law). Walter Jones of North Carolina was the only Republican to vote against this bill (John Campbell didn't vote) and 46 Democrats joined the rest of the Republicans to pass it . The White House didn't issue a veto threat but said they the passage of this bill. It has little chance of becoming law. Written by of Oklahoma. : North American Energy Infrastructure Act Gives the Secretary of State, , the authority to and forces them to make a decision within 120 days of the final environmental impact statement. to modify existing cross-border oil or gas pipeline. Allows the without approval by the Federal Power Commission, which is required now. Allows the United States to without approval by the Federal Power Commission, which is required now. These provisions would be effective . Written by of Michigan, who has taken over $2 million from the Energy and Natural Resources sector. The only Republican to vote against this bill was once again, Walter Jones of North Carolina. Seventeen oily Democrats joined the vast majority of the Republicans to pass this bill 238-173. : Domestic Prosperity and Global Freedom Act The Department of Energy would have to make their final decision on applications for gas export facilities of the finished NEPA review. The public would have to be told . This bill was written by , who is currently running for the Senate in Colorado. The bill passed . : Lowering Gasoline Prices to Fuel an America that Works Act The government must lease of the outer Continental Shelf that is thought to have the most oil and gas (according to the ). Forces lease sales off of , , and , with that are to drilling. Gives of the from offshore fossil fuel drilling and gives it to the oil States. , which . of an Executive Order issued during the that . Considers to force drilling off their shores. citizens have to challenge fossil fuel decisions in court to 60 days. if they are not decided in less than 60 days. Citizen's will be charged to challenge a drilling permit in court. We would spend to map fossil fuels for the industry. Congress would be given information about drilling leases. Would pass the - - would would bring back the Bush administration rules for oil shale development, which require fewer environmental studies and allows oil companies decide which new regulations to obey. Would and not decided in under 60 days. for drilling in Alaska. This bill was written by , who is retiring at the end of this term. The bill passed the House on June 26 by a vote of . Weed, CA Fire Music Presented in this Episode Intro and Exit Music: by (found on by mevio) June Gloom by (found on by mevio) Taxes by (found on by mevio)