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HR 5782 111th Congress House Economics and Public Finance Budget deficits and national debt Department of the Treasury Executive agency funding and structure Government employee pay, benefits, personnel management Housing and community development funding Income tax credits Low- and moderate-income housing Overseas Private Investment Corporation (OPIC) Poverty and welfare assistance U.S. and foreign investments

Reduce and End our Deficits Using Commonsense Eliminations in the Treas-HUD and OPIC Programs Act

Introduced: July 20, 2010 See on congress.gov
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 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 20, 2010
Referred to House Foreign Affairs
Jul 20, 2010
Referred to House Financial Services
Jul 20, 2010
Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, and Foreign Affairs, 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.
Jul 20, 2010
Referred to House Ways and Means
Jul 20, 2010
Introduced in House
 Plain-English summary Congressional Research Service

Reduce and End our Deficits Using Commonsense Eliminations in the Treas-HUD and OPIC Programs Act - Prohibits the total amount obligated in the Treasury for each of FY2011-FY2015 by: (1) the Bureau of the Public Debt from exceeding $186.244 million; and (2) the Financial Management Service from exceeding $235.132 million.

Requires the Secretary of the Treasury, for pay periods ending in FY2011 and subsequent fiscal years, in coordination with the Office of Personnel Management (OPM), to issue electronic pay stubs to Department of the Treasury employees who receive their pay by electronic funds transfer.

Amends the Internal Revenue Code to repeal the requirement for advance payment of the earned income tax credit.

Amends the United States Housing Act of 1939 to set the payment standard for a market area efficiency dwelling unit as the standard for rent subsidies under Section 8 of the housing voucher program for one-person households. Prohibits the use of the payment standard for a one-bedroom dwelling unit or any larger dwelling unit.

OPIC Repeal Act - Abolishes the Overseas Private Investment Corporation (OPIC), and makes conforming amendments to the Foreign Assistance Act of 1961.

What's happening now July 20, 2010

Referred to House Foreign Affairs

 Committees of jurisdiction 3
 Cosponsors 3
All 3 Democratic 3