7. Small Business Jobs and Credit Act of 2010 (H.R. 5297)
Previous ranking: 5
Sponsor: Rep. Barney Frank (D-MA)
The Small Business Jobs and Credit Act includes provisions to establish a $30 billion fund to increase loan availability to small businesses, as well as an initiative to help fund states' lending programs. This bill passed the House in June and is currently waiting for Senate action.
8. In the nature of a substitution (S.Amdt. 4575) Not on list last week
Sponsor: Sen. Patty Murray (D-WA)
This amendment to the FAA Air Transportation Modernization and Safety Improvement Act (No. 1, above) is "in the nature of a substitution," meaning that it struck the full text of H.R. 1586 and replaced it with a new bill text entirely. S.Amdt. 4575 provides $26 billion in state aid, to go toward preserving teachers' jobs as well as FMAP, the percentage rates that help determine funding for Medicaid and State Children's Health Insurance Programs. This bill passed the House, 247-161, on August 10, and was signed into law on Tuesday.
9. Small Business Tax Relief Act of 2010 (H.R. 5982)
Not on list last week
Sponsor: Rep. Sander Levin (D-MI)
This bill was introduced in the House on July 30 and was voted down on the same day. The bill would have repealed an IRS information reporting requirement that would have cost small businesses an estimated $20 billion over the next ten years. The bill also included provisions to eliminate tax breaks that some argue encourage companies to hire foreigners instead of hiring domestically.
10. Health Care and Education Reconciliation Act of 2010 (H.R. 4872)
Previous ranking: 10
Sponsor: Rep. John Spratt (D-SC)
The Health Care and Education Reconciliation Act, which contains amendments to the Patient Protection and Affordable Care Act (No. 2, above), was passed one week after the Patient Protection Act. Among the key changes that H.R. 4872 made are the closure of the Medicare "donut hole" and the lowering of the penalty for not having insurance.