H.R. 6069House110th Congress (2007-2009)In Committee

Enhanced Emergency and Enforcement Authority Act

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HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

May 15, 2008

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HouseIntro Referral

Introduced in House

May 15, 2008

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

May 15, 2008

Floor Debate

1 member

What members said about H.R. 6069 on the floor

1 Democrat

Rep. Gene GreenD-TX-29 · May 23, 2008

Mr. Speaker, I stand in strong support of H.R. 6049, the Renewable Energy and Job Creation Act of 2008. I have always believed that as a Nation we should wean ourselves from our dependence on fossil…

Mr. Speaker, I stand in strong support of H.R. 6049, the Renewable Energy and Job Creation Act of 2008.

I have always believed that as a Nation we should wean ourselves from our dependence on fossil fuels and invest in the energy of the future.

After several attempts, the House of Representatives has finally found an appropriate balance to promote the technologies of tomorrow in a way that will benefit our long term energy security.

This legislation has much to be proud of.

It will extend the tax credit for producing electricity from renewable sources of energy which will enable Texas--the Nation's number one producer of wind energy--to continue adding clean energy and jobs to our economy.

It also extends the investment tax credits for solar energy, fuel cells, and energy-efficient appliances for the home, and it creates new tax credits for plug-in hybrid vehicles and renewable energy tax-credit bonds.

And after learning of the unintended consequences that corn-based ethanol has had on our environment and global food prices, this legislation rightly includes a six-cent reduction in the ethanol tax credit and creates a new credit for the production of cellulosic biofuels.

Aside from energy provisions, I am pleased this legislation includes several sections extending benefits for members of the military and veterans.

Extension of the rules allowing military personnel to treat their combat pay as earned income, extending specialized mortgage bond rules for veterans, as well as a provision allowing reservists to make penalty free withdrawals from the retirement accounts if called to active duty for 180 days or more will benefit those who have served our country, and provide added financial options for their families if necessary.

Finally, H.R. 6069 will extend the state and local sales tax deduction which assists taxpayers in Texas who do not pay a state income tax, and it provides almost $10 billion of additional tax relief for individuals through an expansion of the refundable child tax credit and a new standard deduction for property taxes.

Mr. Speaker, I want to thank my good friend and colleague, Chairman Rangel, for producing a bill that enhances our energy and job security and that has support from both sides of the aisle.

I urge my colleagues to support this legislation.

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Introduced in HouseIssued May 15, 2008

110th CONGRESS

2d Session

H. R. 6069

IN THE HOUSE OF REPRESENTATIVES

May 15, 2008

Mr. Campbell of California introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To provide additional emergency and enhanced enforcement authority to the Securities and Exchange Commission.

Short title

This Act may be cited as the Enhanced Emergency and Enforcement Authority Act.

Emergency orders related to compliance during an emergency

Section 12(k) of the Securities Exchange Act of 1934 (15 U.S.C. 78l(k)) is amended—

(1)

in paragraph (2)(A)(iii)—

(A)

in subclause (I), by striking ; or and inserting a semicolon;

(B)

in subclause (II), by striking the period and inserting ; or; and

(C)

by inserting after subclause (II) the following:

(III)

the ability of investors, issuers, brokers or dealers, transfer agents, investment advisers, or other market participants to conduct securities activities or comply with filing, reporting, delivery, or other obligations under the securities laws in a timely, orderly, or efficient manner.

; and

(2)

in paragraph (7)(A)(ii)—

(A)

in subclause (I), by striking ; or and inserting a semicolon;

(B)

in subclause (II), by striking ; and and inserting ; or; and

(C)

by inserting after subclause (II) the following:

(III)

Nationwide service of process

(a)

Securities Act of 1933

Section 22(a) of the Securities Act of 1933 (15 U.S.C. 77v(a)) is amended by inserting after the second sentence the following: In any action or proceeding instituted by the Commission under this title in a United States district court for any judicial district, subpoenas issued by or on behalf of such court to compel the attendance of witnesses or the production of documents or tangible things (or both) may be served in any other district. Such subpoenas may be served and enforced without application to the court or a showing of cause, notwithstanding the provisions of rule 45(b)(2), (c)(3)(A)(ii), and (c)(3)(B)(iii) of the Federal Rules of Civil Procedure..

(b)

Securities Exchange Act of 1934

Section 27 of the Securities Exchange Act of 1934 (15 U.S.C. 78aa) is amended by inserting after the third sentence the following: In any action or proceeding instituted by the Commission under this title in a United States district court for any judicial district, subpoenas issued by or on behalf of such court to compel the attendance of witnesses or the production of documents or tangible things (or both) may be served in any other district. Such subpoenas may be served and enforced without application to the court or a showing of cause, notwithstanding the provisions of rule 45(b)(2), (c)(3)(A)(ii), and (c)(3)(B)(iii) of the Federal Rules of Civil Procedure..

(c)

Investment Company Act of 1940

Section 44 of the Investment Company Act of 1940 (15 U.S.C. 80a–43) is amended by inserting after the fourth sentence the following: In any action or proceeding instituted by the Commission under this title in a United States district court for any judicial district, subpoenas issued by or on behalf of such court to compel the attendance of witnesses or the production of documents or tangible things (or both) may be served in any other district. Such subpoenas may be served and enforced without application to the court or a showing of cause, notwithstanding the provisions of rule 45(b)(2), (c)(3)(A)(ii), and (c)(3)(B)(iii) of the Federal Rules of Civil Procedure..

(d)

Investment Advisers Act of 1940

Section 214 of the Investment Advisers Act of 1940 (15 U.S.C. 80b–14) is amended by inserting after the third sentence the following: In any action or proceeding instituted by the Commission under this title in a United States district court for any judicial district, subpoenas issued by or on behalf of such court to compel the attendance of witnesses or the production of documents or tangible things (or both) may be served in any other district. Such subpoenas may be served and enforced without application to the court or a showing of cause, notwithstanding the provisions of rule 45(b)(2), (c)(3)(A)(ii), and (c)(3)(B)(iii) of the Federal Rules of Civil Procedure..