In view of the growing impact of hedge funds on a variety of financial markets, the Securities and Exchange Commission (SEC) in October 2004 adopted a regulation that requires hedge funds to register as investment advisers, disclose basic information about their operations, and open their books for inspection. The regulation took effect in February 2006, but on June 23, 2006, a court challenge was upheld and the rule was vacated. S. 1402 and H.R. 2586 would reinstate the SEC's authority. H.R. 2683 would require defined benefit pension plans to disclose investments in hedge funds. In December 2006, the SEC proposed raising the "accredited investor" standard - to be permitted to invest in hedge funds, an investor would need $2.5 million in assets, instead of $1 million.

This report presents background on the development of TPA, a summary of the major provisions under the recently expired authority, and a discussion of the issues that have arisen in the debate over TPA renewal. It also explores the policy options available to Congress and will be updated as the congressional debate unfolds.

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This report examines the source of the contempt power, reviews the historical development of the early case law, outlines the statutory and common law basis for Congress's contempt power, and analyzes the procedures associated with each of the three different types of contempt proceedings. In addition, the report discusses limitations both unconstitutional and constitutionally based on the power.

This report discusses the radio frequency spectrum that is used for all forms of wireless communications, including cellular telephony, paging, personal communications service, radio and television broadcast, telephone radio relay, aeronautical and maritime radio navigation, and satellite command and control. The issues discussed here refer principally to spectrum management for terrestrial technologies.

This report provides background and discussion of policy issues relating to U.S. ethanol production, especially ethanol made from corn.

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This report discusses the state of judicial security in the United States and the legislation introduced in the 110th Congress that would enhance judicial security.

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This report is meant to support congressional oversight by discussing, in more detail, what this task entails and issues that need to be addressed. In particular, the report defines terms (e.g., threat, vulnerability, and risk), discusses how they fit together in a systematic analysis, describes processes and techniques that have been used to assess them, and discusses how the results of that analysis can inform resource allocation and policy.

This report gathers selected statistics on the role of small businesses in the national economy that Congress has frequently asked the Congressional Research Service (CRS) to provide. Most of the statistics are calculated by CRS from Census data. The report uses the widely accepted research definition that a small business has fewer than 500 employees.

For some time there has been a growing sense of urgency to develop and deploy effective missile defenses against a range of long and short range ballistic missile threats. Although many might believe this to be relative new to U.S. national security objectives, such interest has been ongoing since the end of World War II. Many current technologies being investigated date their start to the 1980s, and earlier. This effort has been challenging technically and politically controversial. Some $110 billion has been spent since the mid-1980s; Congress appropriated $9.3 billion in FY2006. For FY2008 the Administration requested $8.9 billion for the Missile Defense Agency. This report provides a brief overview of U.S. efforts to date.

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This report compares certain provisions in legislation that has been considered by Congress concerning programs, services(including medical care), and benefits for injured military service members returning from combat theaters.

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This report discusses the Navy-Marine corps amphibious and maritime prepositioning ship programs. The Navy is proposing to maintain in coming years a Navy with 31 amphibious ships and an additional squadron of 14 Maritime Prepositioning Force (Future), or MPF(F), ships.