Under the Patriot Act, a person does not have to be suspected of wrongdoing in order for the FBI to obtain their sensitive financial, communications or other personal records. Instead, FBI agents only have to state that the information they are seeking is "relevant" to a national security investigation. The letters are issued without prior court approval, and recipients are placed under a gag order that prevents them from telling anyone about the demand for records. Last year, the FBI issued 9,254 NSLs, according to the Justice Department
WASHINGTON, D.C. –U.S. Sens. Rand Paul (R- KY) and Barbara Boxer (D-CA) today announced that they will be introducing the Invest in Transportation Act of 2015. This bipartisan legislation would extend the Highway Trust Fund, which supports millions of jobs. The bill would also boost economic growth and create jobs by providing an incentive for companies to bring back some of the estimated $2 trillion in foreign earnings that are being held overseas.
The legislation would strengthen the U.S. economy and create jobs by allowing companies to voluntarily return their foreign earnings to the United States at a tax rate of 6.5 percent. The rate is only for repatriations that exceed each company’s average repatriations in recent years, and funds must have been earned in 2015 or earlier. Companies would have up to five years to complete the transfer.
The measure would ensure that a portion of the repatriated funds will be used for increased hiring, wages and pensions; research and development, environmental improvements; public-private partnerships; capital improvements; and acquisitions. Under the bill, no funds could be spent on increases in executive compensation, or on increases in shareholder dividends or stock buybacks for three years after the program ends. Also, any company that inverts within 10 years of participating in this program would have to repay the tax incentive with interest.
All tax revenues from the repatriation program would be transferred into the Highway Trust Fund, helping to address the urgent federal funding crisis facing America’s highways, bridges, and transit systems.
What is now proved was once only imagin'd. -- William Blake