Improvments in the Bailout!!!

1. 
   H.R.1424
   Title: A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.
   


2. Note: On 10/1/2008, the Senate plans to use H.R.1424 as the vehicle for the economic rescue legislation. See Senate Majority and Minority notices and documents from the Senate Finance Committee and the Senate Banking Committee. On the Banking Committee website, Division A (pp.2-113) of the draft legislation is referred to as the Emergency Economic Stabilization Act of 2008; Division B (pp. 113-261) is referred to as the Energy Improvement and Extension Act of 2008; and Division C (pp. 261-451) is referred to as the Tax Extenders and Alternative Minimum Tax Relief Act of 2008.


3. S.AMDT.5687
   Amends: H.R.1424 , S.AMDT.5685
   Sponsor: Sen Sanders, Bernard [VT] (submitted 10/1/2008) (proposed 10/1/2008)
   
   AMENDMENT PURPOSE:
   To amend the Internal Revenue Code of 1986 to increase the tax on high income individuals.
   
   STATUS:
   
   10/1/2008:
   Amendment SA 5687 proposed by Senator Sanders to Amendment SA 5685.
   
   


4. 
   10/1/2008:
   S.AMDT.5685 Amendment SA 5685 proposed by Senator Dodd.
   In the nature of a substitute.
   10/1/2008:
   S.AMDT.5687 Amendment SA 5687 proposed by Senator Sanders to Amendment SA 5685.
   To amend the Internal Revenue Code of 1986 to increase the tax on high income individuals.
   


5. 
   TITLE(S): (italics indicate a title for a portion of a bill)
   
   * SHORT TITLE(S) AS INTRODUCED:
   Paul Wellstone Mental Health and Addiction Equity Act of 2007
   
   * SHORT TITLE(S) AS REPORTED TO HOUSE:
   Paul Wellstone Mental Health and Addiction Equity Act of 2007
   
   * SHORT TITLE(S) AS PASSED HOUSE:
   Genetic Information Nondiscrimination Act of 2008
   Paul Wellstone Mental Health and Addiction Equity Act of 2008
   
   * OFFICIAL TITLE AS INTRODUCED:
   To amend section 712 of the Employee Retirement Income Security Act of 1974, section 2705 of the Public Health Service Act, and section 9812 of the Internal Revenue Code of 1986 to require equity in the provision of mental health and substance-related disorder benefits under group health plans.
   
   * OFFICIAL TITLE AS AMENDED BY HOUSE:
   To amend section 712 of the Employee Retirement Income Security Act of 1974, section 2705 of the Public Health Service Act, section 9812 of the Internal Revenue Code of 1986 to require equity in the provision of mental health and substance-related disorder benefits under group health plans, to prohibit discrimination on the basis of genetic information with respect to health insurance and employment, and for other purposes.
   
   * OFFICIAL TITLE AS AMENDED BY SENATE:
   A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.
   


6. AMENDMENT(S):
   
   1. H.AMDT.958 to H.R.1424 Pursuant to the provisions in H.Res. 1014, the amendment in the nature of a substitute is considered as adopted.
   Sponsor: House Rules (introduced 3/5/2008) Cosponsors (None)
   Committees: House Rules
   Latest Major Action: 3/5/2008 House amendment offered
   
   2. S.AMDT.5685 to H.R.1424 In the nature of a substitute.
   Sponsor: Sen Dodd, Christopher J. [CT] (introduced 10/1/2008) Cosponsors (None)
   Latest Major Action: 10/1/2008 Senate amendment agreed to. Status: Amendment SA 5685, pursuant to the order of September 30, 2008, having achieved the required 60 votes in the affirmative, was agreed to in Senate by Yea-Nay. 74 - 25. Record Vote Number: 212.
   
   3. S.AMDT.5686 to H.R.1424 To amend the title.
   Sponsor: Sen Dodd, Christopher J. [CT] (introduced 10/1/2008) Cosponsors (None)
   Latest Major Action: 10/1/2008 Senate amendment agreed to. Status: Amendment SA 5686 agreed to in Senate by Unanimous Consent.
   
   4. S.AMDT.5687 to H.R.1424 To amend the Internal Revenue Code of 1986 to increase the tax on high income individuals.
   Sponsor: Sen Sanders, Bernard [VT] (introduced 10/1/2008) Cosponsors (None)
   Latest Major Action: 10/1/2008 Senate amendment proposed (on the floor)
   
   5. S.AMDT.5691 to H.R.1424 Purpose will be available when the amendment is proposed for consideration. See Congressional Record for text.
   Sponsor: Sen Cantwell, Maria [WA] (introduced 10/1/2008) Cosponsors (None)
   Latest Major Action: 10/1/2008 Senate amendment submitted

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