Tag Archives: Chief Administrative Officer

Michelle Gillis Promoted to Senior Vice President of American Financial Group, Inc.

CINCINNATI–(BUSINESS WIRE)– American Financial Group, Inc. (NYSE/NASDAQ: AFG) is pleased to announce the promotion of Michelle A. (Shelly) Gillis to Senior Vice President. Since March 2012, she has served as Vice President and Chief Administrative Officer of the Company with responsibilities for Human Resources, Corporate Communications, Real Estate and various shared service areas.

Michelle A. (Shelly) Gillis (Photo: Business Wire)

Prior to this role, Ms. Gillis served as Vice President overseeing Human Resources. Since joining the Company in 2004, she held various senior human resource management positions. Previously, Ms. Gillis was a Vice President and Senior HR Business Partner of Fifth Third Bank.

Ms. Gillis holds a Master of Arts in Labor and Employment Relations from the University of Cincinnati and has earned the Senior Professional in Human Resources (SPHR) designation. Ms. Gillis currently serves as a mentor at Oyler Elementary through the Literacy Network of Greater Cincinnati “Cincinnati Reads” Program and is a former member of the Seton High School Board of Trustees.

About American Financial Group, Inc.

American Financial Group is an insurance holding company, based in Cincinnati, Ohio with assets in excess of $35 billion. Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of fixed and fixed-indexed annuities in the education, bank and individual markets. Great American Insurance Group‘s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.

Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130409006757/en/

American Financial Group, Inc.
Diane P. Weidner, Asst. Vice President – Investor Relations, 513-369-5713
or
Web Sites:
www.AFGinc.com
www.GreatAmericanInsuranceGroup.com
www.GAFRI.com

KEYWORDS: United States North America Ohio

INDUSTRY KEYWORDS:

The article Michelle Gillis Promoted to Senior Vice President of American Financial Group, Inc. originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

The Hershey Company Reaffirms Financial Goals

March 20, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

The Hershey Company Reaffirms Financial Goals

HERSHEY, Pa.–(BUSINESS WIRE)– In a presentation today at the 2013 Consumer Analyst Group of Europe (CAGE) conference, John P. Bilbrey, President and Chief Executive Officer, The Hershey Company (NYS: HSY) and Humberto P. Alfonso, Executive Vice President, CFO and Chief Administrative Officer, reviewed the progress the company has achieved in its consumer-driven global approach to core brand investment in both the U.S. and key international markets.

During the presentation, Bilbrey and Alfonso reaffirmed the company’s full-year 2013 financial expectations for net sales, gross margin and earnings per share-diluted growth provided in its January 31, 2013, earning release as well as its long-term target for net sales and adjusted earnings per share-diluted. The Hershey Company CAGE presentation was accompanied by slides that can be accessed at the corporate website (http://www.thehersheycompany.com). Please go to the Investor Relations section of the website for further information.

Note:

In 2013, the company expects to record total GAAP charges of about $10 million to $15 million, or $0.03 to $0.05 per share-diluted, attributable to Project Next Century and $13.2 million, or $0.04 per share-diluted, of non-service related pension expense (NSRPE). Below is a reconciliation of earnings per share-diluted in accordance with GAAP to non-GAAP adjusted earnings per share-diluted:



		…read more Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

On Assignment to Attend Roth Conference

March 15, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

On Assignment to Attend Roth Conference

CALABASAS, Calif.–(BUSINESS WIRE)– On Assignment, Inc. (NYS: ASGN) , a leading global provider of diversified professional staffing solutions, today announced that President and Chief Executive Officer Peter Dameris, and Chief Administrative Officer and Treasurer Jim Brill, are scheduled to make an investor presentation at The Roth 25^th Annual OC Growth Stock Conference on March 19, 2013, 4:00 p.m. Pacific Time at The St. Regis Hotel in Dana Point, California.

Webcasts and presentations for this conference will be available on the Company web site at www.onassignment.com in the Investor Relations section under “Presentations.”

About On Assignment

On Assignment, Inc. (NYS: ASGN) , is a leading global provider of in-demand, skilled professionals in the growing technology, healthcare and life sciences sectors, where quality people are the key to success. The Company goes beyond matching résumés with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. Clients recognize On Assignment for their quality candidates, quick response, and successful assignments. Professionals think of On Assignment as career-building partners with the depth and breadth of experience to help them reach their goals.

On Assignment was founded in 1985 and went public in 1992. The corporate headquarters are located in Calabasas, California, with a network of approximately 130 branch offices throughout the United States, Canada, United Kingdom, Netherlands, Ireland and Belgium. Additionally, physician placements are made in Australia and New Zealand. To learn more, visit http://www.onassignment.com.

On Assignment, Inc.
Ed Pierce
Chief Financial Officer
818-878-7900

KEYWORDS: United States North America California

INDUSTRY KEYWORDS:

The article On Assignment to Attend Roth Conference originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Business, Finance, Occupation & Industry

ACE Appoints Robert Courtemanche as Chairman of its ACE Private Risk Services Division, Mary Boyd as

March 15, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

ACE Appoints Robert Courtemanche as Chairman of its ACE Private Risk Services Division, Mary Boyd as Division President

PHILADELPHIA–(BUSINESS WIRE)– The ACE Group today announced key leadership appointments in the company’s high-net-worth personal insurance business. Robert Courtemanche has been appointed as Chairman of ACE Private Risk Services, and Mary Boyd as Division President of ACE Private Risk Services.

Mr. Courtemanche joined ACE in 2008 as Division President of ACE Private Risk Services. Ms. Boyd joined in 2010 as Senior Vice President and Chief Administrative Officer of the Division. She was appointed Chief Operating Officer in January 2012.

In his new role as Chairman, Mr. Courtemanche will focus primarily on long-term strategic issues and external relationships for ACE Private Risk Services. As Division President, Ms. Boyd will manage the day-to-day running of ACE Private Risk Services’ operations, including developing and executing near and long-term strategic plans.

“Bob and Mary have been instrumental in the success of ACE Private Risk Services, a division that in only five years has become a significant and respected insurer for high net worth families, including some of the wealthiest in the country,” said Juan Andrade, Chief Operating Officer, ACE Overseas General, and President, ACE Global Personal and Small Commercial Insurance. “They are experienced and dynamic leaders, who are well prepared to drive ACE Private Risk Services in the next stage of its growth.”

Mr. Courtemanche brings more than 30 years of personal lines insurance industry experience to his new role. Prior to joining ACE, Mr. Courtemanche served as President of the Fireman’s Fund’s Personal Insurance business. He previously served as Senior Vice President of American International Group’s (AIG) Private Client Group, and has held several key management positions at Chubb & Son, Inc.

Ms. Boyd brings nearly 20 years of experience in the insurance industry to her new role. Prior to joining ACE, Ms. Boyd served as Senior Vice President, Managing Director at Insurance Company of the West / Explorer Insurance Company from 2006 to 2010. She also has held various positions at Chubb & Son, Inc., including Vice President of Predictive Analytics as well as actuarial and program management roles from 1994 to 2006.

About ACE Private Risk Services

ACE Private Risk Services is the ACE Group’s high-net-worth personal insurance business, which provides specialty coverage for homeowners, automobile, recreational marine, umbrella liability and valuable collections …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

NuStar GP Holdings Announces Election of New Director

March 8, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

NuStar GP Holdings Announces Election of New Director

SAN ANTONIO–(BUSINESS WIRE)– The board of directors of NuStar GP Holdings (NYS: NSH) has nominated Jelynne LeBlanc Burley for a position on the company’s board. The election will occur at the company’s Annual Meeting of Unitholders at 10:30 a.m. (CT) Wednesday, April 24 at NuStar’s corporate office at 19003 IH-10 West in San Antonio.

Burley is Executive Vice President-Corporate Support Services and Chief Administrative Officer of CPS Energy, the nation’s largest municipally owned energy company providing both natural gas and electric service to the San Antonio area.

“Jelynne will be a great asset to our board because of her experience in the energy industry, her strong leadership skills and her sound business judgment,” said Bill Greehey, chairman of the board of NuStar GP Holdings. “As NuStar undertakes its most ambitious plan for growth, Jelynne’s experience overseeing strategic planning, developing and managing budgets, leading multi-million-dollar construction projects, and managing hundreds of employees will be invaluable.”

Burley joined CPS in 2008 as Senior Vice President & Chief Administrative Officer, and was subsequently named Acting General Manager and promoted to her current position as Executive Vice President & CAO. During her tenure, Burley has helped ensure the utility company’s future viability, prosperity and long-term success in terms of financial strength, environmental stewardship and community support by helping to establish strategic partnerships and alliances. A few of her achievements include helping to set the organization’s new strategic direction, re-establishing a stable outlook from the bond rating agencies, strengthening public trust in the utility, and obtaining unanimous approval for a new rate structure.

Prior to joining CPS, Burley spent nearly 25 years in various leadership positions with the City of San Antonio, which is the 7^th largest city in the U.S. She spent six years serving as Assistant City Manager and then Deputy City Manager where she directed everything from Planning & Development, Public Works and International Affairs, to Economic Development, Information Services and Housing and Neighborhood Services.

Before joining the City Manager’s Office, Burley served as the city’s Director of Facilities Planning and Construction, and she held positions of increasing responsibility in project management and budget and management.

She serves on the board of directors of the National Forum for Black Public Administrators, and she’s a current board member and past president, secretary and treasurer of Urban Management Assistants of South Texas. She’s also involved with the American Public Power Association, the Large Public Power Council, …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Hershey to Webcast Presentation at 2013 CAGE Conference

March 5, 2013 Bartle Doo Leave a comment

By Business Wirevia The Motley Fool

Filed under: Investing

Hershey to Webcast Presentation at 2013 CAGE Conference

HERSHEY, Pa.–(BUSINESS WIRE)– The Hershey Company (NYS: HSY) today announced that it will make a presentation at the 2013 Consumer Analyst Group of Europe (CAGE) Conference in London, United Kingdom, at 15:15 local time (11:15 a.m. Eastern Daylight Time) on Wednesday, March 20, 2013. John P. Bilbrey, President and Chief Executive Officer, and Humberto P. Alfonso, Executive Vice President, CFO and Chief Administrative Officer, will be Hershey’s principal speakers.

The presentation will be webcast live via The Hershey Company corporate website (http://www.thehersheycompany.com). Please go to the Investor Relations section of the website for further information.

The Hershey Company
FINANCIAL CONTACT:
Mark Pogharian, 717-534-7556
or
MEDIA CONTACT:
Jeff Beckman, 717-534-8090
jbeckman@hersheys.com

KEYWORDS: United Kingdom United States Europe North America Pennsylvania

INDUSTRY KEYWORDS:

The article Hershey to Webcast Presentation at 2013 CAGE Conference originally appeared on Fool.com.

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News, Politics, Government

Weekly News & Politics Digest, February 8, 2013

February 8, 2013 Gary Leave a comment

What’s On Your Mind • Noah: Today…
Noah: Today…

In the year 2011, the Lord came unto Noah,
who was now living in America and said:
“Once again, the earth has become wicked and over
-populated, and I see the end of all flesh before me.”
“Build another Ark and save 2 of every living thing
along with a few good humans.”
He gave Noah the blueprints, saying:
“You have 6 months to build the Ark before I will
start the unending rain for 40 days and 40 nights.

Six months later, the Lord looked down and saw Noah
weeping in his yard – but no Ark.
“Noah!,” He roared, “I’m about to start the rain!
Where is the Ark?”
“Forgive me, Lord,” begged Noah, “but things have changed.

“I needed a Building Permit.”

“I’ve been arguing with the Boat Inspector
about the need for a sprinkler system on it.”

“My neighbors claim that I’ve violated the neighborhood by-laws by building the Ark in my back yard and exceeding the height limitations. We had to go to the local Planning Committee for a decision.”

“Then the local Council and the Electricity Company demanded a shed load of money for the future costs of moving power lines and other overhead obstructions, to clear the passage for the Ark’s move to the sea. I told them that the sea would be coming to us, but they would hear none of it.”

“Getting the wood was another problem. There’s a ban
on cutting local trees in order to save the Greater Spotted Barn Owl.” “I tried to convince the environmentalists that I needed the wood to save the owls – but no go!”

“When I started gathering the animals the ASPCA took me to court. They insisted that I was
confining wild animals against their will. They argued the accommodations were too restrictive, and it was cruel and inhumane to put so many animals in a confined space.”

“Then the Environmental Agency ruled that I couldn’t build the Ark until they’d conducted an environmental impact study on your proposed flood.”

“I’m still trying to resolve a complaint with the
Human Rights Commission on how many minorities I’m
supposed to hire for my building crew.”

“The Immigration Dept. is checking the
visa status of most of the people who want to work.”

“The trade unions say I can’t use my sons. They
insist I have to hire only Union workers with
Ark-building experience.”

“To make matters worse, the IRS seized all my assets, claiming I’m trying to leave the country illegally
with endangered species.”
“So, forgive me, Lord, but it would take at least 10
years for me to finish this Ark.”

“Suddenly the skies cleared, the sun began to shine,
and a rainbow stretched across the sky.”

Noah looked up in wonder and asked,
“You mean you’re not going to destroy the world?

“No,” said the Lord.
” The Government beat me to it.”

HELLO-TRUTH!

Statistics: Posted by Gary Triplett — Thu Feb 07, 2013 9:07 pm
Virginia State Government • VA’s House of Delegates agreed – Wants to Mint Its Own Coins
HOUSE JOINT RESOLUTION NO. 590
FLOOR AMENDMENT IN THE NATURE OF A SUBSTITUTE
(Proposed by Delegate Marshall, R.G.
on February 4, 2013)
(Patron Prior to Substitute–Delegate Marshall, R.G.)
Establishing a joint subcommittee to study the feasibility of a metallic-based monetary unit. Report.
WHEREAS, the purpose of money is to provide a reliable measure of value to facilitate the voluntary exchange of goods and services to the economic benefit of society; and

WHEREAS, the need to establish a sound money unit was deemed so essential for assuring the success of the United States that Thomas Jefferson personally assumed the task of defining the dollar as a fixed standard of value in his Notes on the Establishment of a Money Unit and of a Coinage for the United States; and

WHEREAS, our nation’s most fundamental principles – equal rights, rule of law, private property rights, individual liberty – still require a dependable dollar to be meaningfully preserved; and

WHEREAS, unprecedented monetary policy actions recently taken by the Federal Reserve through activist intervention in banking and credit markets, including massive purchases of federal debt, have raised concern over the risk of dollar debasement and prompted inquiries into whether a metallic basis for United States currency might engender a more stable money unit consistent with limited government; and

WHEREAS, foreign threats to the United States in the form of sophisticated cyberattacks have begun to target banks and financial institutions, including primary banking service providers based in or operating within the Commonwealth, with the aim of undermining consumer confidence and seriously disrupting the functioning of our nation’s economy; and

WHEREAS, the availability of a trustworthy money unit to facilitate productive economic and financial activity has historically been a major factor in restoring confidence and civil order under conditions of duress, and since the United States Constitution (Article I, Section 10) decrees that “no state shall make anything but gold and silver coin a tender in payment of debts”; now, therefore, be it

RESOLVED by the House of Delegates, the Senate concurring, That a joint subcommittee be established to study the feasibility of a metallic-based monetary unit. The joint subcommittee shall have a total membership of 10 members that shall consist of eight legislative members and two nonlegislative citizen members. Members shall be appointed as follows: five members of the House of Delegates to be appointed by the Speaker of the House of Delegates in accordance with the principles of proportional representation contained in the Rules of the House of Delegates; three members of the Senate to be appointed by the Senate Committee on Rules; one nonlegislative citizen member with expertise in monetary and financial issues to be appointed by the Speaker of the House of Delegates; and one nonlegislative citizen member with expertise in monetary financial issues to be appointed by the Senate Committee on Rules. Nonlegislative citizen members of the joint subcommittee shall be citizens of the Commonwealth of Virginia. The joint subcommittee shall elect a chairman and vice-chairman from among its membership, who shall be members of the General Assembly.

In conducting its study, the joint subcommittee shall receive testimony from such witnesses and take such other evidence as it deems appropriate and shall consider recommendations for legislation, with respect to the need, means, and schedule for establishing a metallic-based monetary unit to serve as a contingency currency for the Commonwealth.

Administrative staff support shall be provided by the Office of the Clerk of the House of Delegates. Legal, research, policy analysis, and other services as requested by the joint subcommittee shall be provided by the Division of Legislative Services. Technical assistance shall be provided by the Treasurer of the Commonwealth of Virginia and the Bureau of Financial Institutions of the State Corporation Commission. All other agencies of the Commonwealth shall provide assistance to the joint subcommittee for this study, upon request.

The joint subcommittee shall be limited to four meetings for the 2013 interim, and the direct costs of this study shall not exceed $17,440 without approval as set out in this resolution. Approval for unbudgeted nonmember-related expenses shall require the written authorization of the chairman of the joint subcommittee and the respective Clerk. If a companion joint resolution of the other chamber is agreed to, written authorization of both Clerks shall be required.

No recommendation of the joint subcommittee shall be adopted if a majority of the House members or a majority of the Senate members appointed to the joint subcommittee (i) vote against the recommendation and (ii) vote for the recommendation to fail notwithstanding the majority vote of the joint subcommittee.

The joint subcommittee shall complete its meetings by November 30, 2013, and the chairman shall submit to the Division of Legislative Automated Systems an executive summary of its findings and recommendations no later than the first day of the 2014 Regular Session of the General Assembly. The executive summary shall state whether the joint subcommittee intends to submit to the General Assembly and the Governor a report of its findings and recommendations for publication as a House or Senate document and shall specify the date by which the report shall be submitted. The executive summary and the report shall be submitted as provided in the procedures of the Division of Legislative Automated Systems for the processing of legislative documents and reports, and shall be posted on the General Assembly’s website.

Implementation of this resolution is subject to subsequent approval and certification by the Joint Rules Committee. The Committee may approve or disapprove expenditures for this study, extend or delay the period for the conduct of the study, or authorize additional meetings during the 2013 interim.virginia.png

Statistics: Posted by Gary Triplett — Tue Feb 05, 2013 8:24 pm
US Federal Government • Enrolled Bill H.R.325 – No Budget, No Pay Act of 2013

AT THE FIRST SESSION

Begun and held at the City of Washington on Thursday,
the third day of January, two thousand and thirteen

To ensure the complete and timely payment of the obligations of the United States Government until May 19, 2013, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.
This Act may be cited as the “No Budget, No Pay Act of 2013”.

SEC. 2. TEMPORARY SUSPENSION OF DEBT CEILING.
(a) Suspension.—Section 3101(b) of title 31, United States Code, shall not apply for the period beginning on the date of the enactment of this Act and ending on May 18, 2013.

(b) Special Rule Relating To Obligations Issued During Suspension Period.—Effective May 19, 2013, the limitation in section 3101(b) of title 31, United States Code, as increased by section 3101A of such title, is increased to the extent that—

(1) the face amount of obligations issued under chapter 31 of such title and the face amount of obligations whose principal and interest are guaranteed by the United States Government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on May 19, 2013, exceeds

(2) the face amount of such obligations outstanding on the date of the enactment of this Act.

An obligation shall not be taken into account under paragraph (1) unless the issuance of such obligation was necessary to fund a commitment incurred by the Federal Government that required payment before May 19, 2013.

SEC. 3. HOLDING SALARIES OF MEMBERS OF CONGRESS IN ESCROW UPON FAILURE TO AGREE TO BUDGET RESOLUTION.
(a) Holding Salaries In Escrow.—

(1) IN GENERAL.—If by April 15, 2013, a House of Congress has not agreed to a concurrent resolution on the budget for fiscal year 2014 pursuant to section 301 of the Congressional Budget Act of 1974, during the period described in paragraph (2) the payroll administrator of that House of Congress shall deposit in an escrow account all payments otherwise required to be made during such period for the compensation of Members of Congress who serve in that House of Congress, and shall release such payments to such Members only upon the expiration of such period.

(2) PERIOD DESCRIBED.—With respect to a House of Congress, the period described in this paragraph is the period which begins on April 16, 2013, and ends on the earlier of—

(A) the day on which the House of Congress agrees to a concurrent resolution on the budget for fiscal year 2014 pursuant to section 301 of the Congressional Budget Act of 1974;
or

(B) the last day of the One Hundred Thirteenth Congress.

(3) WITHHOLDING AND REMITTANCE OF AMOUNTS FROM PAYMENTS HELD IN ESCROW.—The payroll administrator shall provide for the same withholding and remittance with respect to a payment deposited in an escrow account under paragraph (1) that would apply to the payment if the payment were not subject to paragraph (1).

(4) RELEASE OF AMOUNTS AT END OF THE CONGRESS.—In order to ensure that this section is carried out in a manner that shall not vary the compensation of Senators or Representatives in violation of the twenty-seventh article of amendment to the Constitution of the United States, the payroll administrator of a House of Congress shall release for payments to Members of that House of Congress any amounts remaining in any escrow account under this section on the last day of the One Hundred Thirteenth Congress.

(5) ROLE OF SECRETARY OF THE TREASURY.—The Secretary of the Treasury shall provide the payroll administrators of the Houses of Congress with such assistance as may be necessary to enable the payroll administrators to carry out this section.

(b) Treatment Of Delegates As Members.—In this section, the term “Member” includes a Delegate or Resident Commissioner to the Congress.

(c) Payroll Administrator Defined.—In this section, the “payroll administrator” of a House of Congress means—

(1) in the case of the House of Representatives, the Chief Administrative Officer of the House of Representatives, or an employee of the Office of the Chief Administrative Officer who is designated by the Chief Administrative Officer to carry out this section; and

(2) in the case of the Senate, the Secretary of the Senate, or an employee of the Office of the Secretary of the Senate who is designated by the Secretary to carry out this section.

Attest:

Speaker of the House of Representatives.

Attest:

Vice President of the United States and
President of the Senate.

Statistics: Posted by Gary Triplett — Tue Feb 05, 2013 12:07 pm
Virginia • Summit Archives – Communities of the Northern Piedmont
Summit Archives – Communities of the Northern Piedmont

The WayBack Machine at archive.org archived “www.summit.net” starting in 1999. The first pages of Summit (then: Summit Web Communications Internet Services) were not archived since Summit’s content began in 1995, four years before The Wayback Machine grew to archive the information.

Although outdated, some information found here is still relevant. At any rate, it’s interesting to see the past and compare the many changes around the world over time.

The Internet Archive is a 501(c)(3) non-profit that was founded to build an Internet library. Its purposes include offering permanent access for researchers, historians, scholars, people with disabilities, and the general public to historical collections that exist in digital format. Founded in 1996 and located in San Francisco, the Archive has been receiving data donations from Alexa Internet and others. In late 1999, the organization started to grow to include more well-rounded collections. Now the Internet Archive includes texts, audio, moving images, and software as well as archived web pages in our collections, and provides specialized services for adaptive reading and information access for the blind and other persons with disabilities.

We hope you enjoy…
iframe

Statistics: Posted by Gary Triplett — Mon Feb 04, 2013 5:22 pm

News, Politics, Government

US Federal Government • Enrolled Bill H.R.325 – No Budget, No Pay Act of 2013

February 5, 2013 Bartle Doo Leave a comment

By Gary Triplett

AT THE FIRST SESSION

Begun and held at the City of Washington on Thursday,
the third day of January, two thousand and thirteen

To ensure the complete and timely payment of the obligations of the United States Government until May 19, 2013, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.
This Act may be cited as the “No Budget, No Pay Act of 2013”.

SEC. 2. TEMPORARY SUSPENSION OF DEBT CEILING.
(a) Suspension.—Section 3101(b) of title 31, United States Code, shall not apply for the period beginning on the date of the enactment of this Act and ending on May 18, 2013.

(b) Special Rule Relating To Obligations Issued During Suspension Period.—Effective May 19, 2013, the limitation in section 3101(b) of title 31, United States Code, as increased by section 3101A of such title, is increased to the extent that—

(1) the face amount of obligations issued under chapter 31 of such title and the face amount of obligations whose principal and interest are guaranteed by the United States Government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on May 19, 2013, exceeds

(2) the face amount of such obligations outstanding on the date of the enactment of this Act.

An obligation shall not be taken into account under paragraph (1) unless the issuance of such obligation was necessary to fund a commitment incurred by the Federal Government that required payment before May 19, 2013.

SEC. 3. HOLDING SALARIES OF MEMBERS OF CONGRESS IN ESCROW UPON FAILURE TO AGREE TO BUDGET RESOLUTION.
(a) Holding Salaries In Escrow.—

(1) IN GENERAL.—If by April 15, 2013, a House of Congress has not agreed to a concurrent resolution on the budget for fiscal year 2014 pursuant to section 301 of the Congressional Budget Act of 1974, during the period described in paragraph (2) the payroll administrator of that House of Congress shall deposit in an escrow account all payments otherwise required to be made during such period for the compensation of Members of Congress who serve in that House of Congress, and shall release such payments to such Members only upon the expiration of such period.

(2) PERIOD DESCRIBED.—With respect to a House of Congress, the period described in this paragraph is the period which begins on April 16, 2013, and ends on the earlier of—

(A) the day on which the House of Congress agrees to a concurrent resolution on the budget for fiscal year 2014 pursuant to section 301 of the Congressional Budget Act of 1974;
or

(B) the last day of the One Hundred Thirteenth Congress.

(3) WITHHOLDING AND REMITTANCE OF AMOUNTS FROM PAYMENTS HELD IN ESCROW.—The payroll administrator shall provide for the same withholding and remittance with respect to a payment deposited in an escrow account under paragraph (1) that would apply to the payment if the payment were not subject to paragraph (1).

(4) RELEASE OF AMOUNTS AT END OF THE CONGRESS.—In order to ensure that this section is carried out in a manner that shall not vary the compensation of Senators or Representatives in violation of the twenty-seventh article of amendment to the Constitution of the United States, the payroll administrator of a House of Congress shall release for payments to Members of that House of Congress any amounts remaining in any escrow account under this section on the last day of the One Hundred Thirteenth Congress.

(5) ROLE OF SECRETARY OF THE TREASURY.—The Secretary of the Treasury shall provide the payroll administrators of the Houses of Congress with such assistance as may be necessary to enable the payroll administrators to carry out this section.

(b) Treatment Of Delegates As Members.—In this section, the term “Member” includes a Delegate or Resident Commissioner to the Congress.

(1) in the case of the House of Representatives, the Chief Administrative Officer of the House of Representatives, or an employee of the Office of the Chief Administrative Officer who is designated by the Chief Administrative Officer to carry out this section; and

(2) in the case of the Senate, the Secretary of the Senate, or an employee of the Office of the Secretary of the Senate who is designated by the Secretary to carry out this section.

Attest:

Speaker of the House of Representatives.

Attest:

Vice President of the United States and
President of the Senate.

Statistics: Posted by Gary Triplett — Tue Feb 05, 2013 12:07 pm

Source: FULL ARTICLE at gov.summit.net

Bartle Doo Article Archives

Tag Archives: Chief Administrative Officer

Michelle Gillis Promoted to Senior Vice President of American Financial Group, Inc.

The Hershey Company Reaffirms Financial Goals

On Assignment to Attend Roth Conference

ACE Appoints Robert Courtemanche as Chairman of its ACE Private Risk Services Division, Mary Boyd as

NuStar GP Holdings Announces Election of New Director

Hershey to Webcast Presentation at 2013 CAGE Conference

Weekly News & Politics Digest, February 8, 2013

US Federal Government • Enrolled Bill H.R.325 – No Budget, No Pay Act of 2013

Articles Archive