Mortgage debt cancellation can occur when lenders restructure loans, reducing principal balances, or sell properties, either in advance, or as a result, of foreclosure proceedings. If a lender forgiver or cancels such debt, current tax law treats it as cancellation of debt (COD) income subject to tax. There are exceptions for taxpayers may exclude canceled mortgage debt income under existing law.

As the world’s largest stock exchange and a key part of the U.S. economy, the NYSE is a central focus of Congress’s oversight of financial markets. This report sets out the basic issues in NYSE governance and market structure.

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This report provides a list of who would possibly succeed Palestinian leader Yasir Arafat in the event of his death. It also outlines why said people would succeed him.

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This report provides a general analysis and overview of current foreclosure issues addressed in the bills cited above. It begins with a description of the behavior of aggregate foreclosure rates. The behaviors of foreclosure rates are placed in the context of activity in the housing and mortgage market to illustrate any relationships. The foreclosure process is then explained, first from the point of view of a traditional financial lending institution, and then from the viewpoint of securitization when loans are sold in secondary markets. Finally, this report collects information from other studies to obtain an estimate of the average foreclosure costs. A brief discussion of the effect uniform foreclosure legislation may have on costs follows.

This report analyzes the advantages and disadvantages of proposals to limit portfolio size.

This report discusses the nature of extenders, as temporary provisions and as tax benefits. Descriptions of the extenders are included.

This report discusses the reasons that Iran is considered a threat to U.S. security, including Iran's nuclear program, involvement with terrorist organizations, and involvement with neighboring countries' local governments. The report also discusses ways which the U.S. hopes to modify Iran's behavior with sanctions, and the effectiveness of these sanctions.

The report opens with a discussion of how to analyze the impact of immigrants on the pay and job opportunities of native-born workers. It then uses this framework to examine and interpret the empirical literature on the subject. The report concludes with a discussion of policy implications.

This report discusses health care reform, which was at the top of the domestic policy agenda for the 111th Congress, driven by concerns about the growing ranks of the uninsured and the unsustainable growth in spending on health care and health insurance.

This report briefly discusses procedures regarding conference reports in the House of Representatives.

This report looks at the distinct population segments (DPSs) process as it is applied to the gray wolf. It also reviews experimental populations of wolves under the Endangered Species Act (ESA) and their protections.

This report outlines the agency's organization, project development process, civil works appropriations, and evolution of its responsibilities.

This report discusses the victory of Ilkham Aliyev in Azerbaijan's 2003 presidential election.

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This report includes information regarding North Korea's nuclear weapons program. This information includes background, development, and analysis

This report provides an overview of the major exceptions to the First Amendment — of the ways that the Supreme Court has interpreted the guarantee of freedom of speech and press to provide no protection or only limited protection for some types of speech.

This report briefly discusses procedure regarding conference reports in the Senate.

This report discusses the Russian economy, which has grown impressively since 1999 and, by some measures, has been one of the fastest growing economies in the world. The improvement in the Russian economy is arguably a factor in the boldness with which the Putin leadership has reasserted Russia's status as a world power.

This report discusses "Phthalates," which refers to a group of chemical compounds that are heavily produced and widely used to make the plastics found in thousands of consumer products.