Foreign And International Corporations
US Congress 113th Congress
Bring Jobs Home Act [S.2569]
[Labor, Jobs, Employment ]
[Taxes ]
[Small Business ]
[Trade ]
[Economic Development ]
[Manufacturing ]
Bring Jobs Home Act - Amends the Internal Revenue Code to: (1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and relocating it within the United States, and (2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. Requires an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses.
Sponsored by: Sen. Jack Reed
Considered By Senate. (consideration: Cr S5075-5076, S5076-5077, S5080, S5081-5083) on 07/30/2014
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Bring Jobs Home Act [S.2562]
[Labor, Jobs, Employment ]
[Taxes ]
[Small Business ]
[Trade ]
[Economic Development ]
[Manufacturing ]
Bring Jobs Home Act - Amends the Internal Revenue Code to: (1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and relocating it within the United States, and (2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. Requires an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses.
Sponsored by: Sen. Jack Reed
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 451. on 07/07/2014
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Corporate Tax Dodging Prevention Act [S.250]
[Taxes ]
[Finance ]
[Energy ]
[Trade ]
[Budget and Spending ]
[International ]
Corporate Tax Dodging Prevention Act - Amends the Internal Revenue Code, with respect to the taxation of the foreign-source income of domestic corporations, to: (1) eliminate the deferral of tax on the foreign-source income of U.S. corporations for taxable years beginning after December 31, 2013, (2) deny the foreign tax credit to large integrated oil companies that are dual capacity taxpayers, (3) limit the offset of the foreign tax credit to income that is subject to U.S. tax, and (4) treat foreign corporations managed and controlled in the United
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Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Finance. on 02/07/2013
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American Jobs for American Infrastructure Act [S.2489]
[Infrastructure ]
[Finance ]
[Energy ]
[Taxes ]
[Trade ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Water ]
[Construction ]
[Economic Development ]
American Jobs for American Infrastructure Act - Amends the Internal Revenue Code to appropriate to the Highway Account and Mass Transit Account of the Highway Trust Fund for FY2014-FY2018 amounts necessary to ensure that the balance of each Account for any quarter is not less than specified levels. Declares the sense of Congress that Congress should provide annual inflation increases for the Federal Lands Access Program, the Federal Lands Transportation Program, and the Tribal Transportation Program in the next Surface Transportation reauthorization.
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Sponsored by: Sen. John E. Walsh
Read Twice And Referred To The Committee On Finance. on 06/18/2014
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Stop Corporate Inversions Act of 2014 [S.2360]
[Taxes ]
[Finance ]
[Trade ]
[Small Business ]
[International ]
Stop Corporate Inversions Act of 2014 - Amends the Internal Revenue Code to revise rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States) to provide that during the period beginning after May 8, 2014, and before May 9, 2016, a foreign corporation that acquires the properties of a U.S. corporation or partnership shall be treated as an inverted corporation and thus subject to U.S. taxation if, after such acquisition:
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Sponsored by: Sen. Jack Reed
Sponsor Introductory Remarks On Measure. (cr S3188-3189) on 05/20/2014
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A bill to establish the Green Bank to assist in the financing of qualified clean energy projects and qualified energy efficiency projects. [S.2271]
[Energy ]
[Environmental ]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Technology and Innovation ]
[Climate Change ]
Establishes the Green Bank as a federally-owned independent corporation with a 20-year charter. Requires the Secretary of the Treasury to issue Green Bonds in order to provide the Bank with an initial capitalization of $10 billion and to provide additional capitalization of up to $50 billion upon request of the Bank. Requires the Bank to establish a program to provide financial support or risk management for qualifying clean energy or energy efficiency projects. Authorizes the Bank to provide funding for low-interest loans to establish state clean
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Sponsored by: Sen. Richard Blumenthal
Read Twice And Referred To The Committee On Finance. on 04/30/2014
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✔
Insurance Capital Standards Clarification Act of 2014 [S.2270]
[Insurance ]
[Finance ]
Insurance Capital Standards Clarification Act of 2014 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) concerning establishment of minimum leverage and minimum risk-based capital requirements on a consolidated basis for a depository institution holding company or a nonbank financial company supervised by the Board of Governors of the Federal Reserve System. States that federal banking agencies shall not be required to subject any person to such minimum capital requirements, to the extent that such person either:
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Sponsored by: Sen. Susan M. Collins
Signed By President. on 12/18/2014
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EXPIRE Act of 2014 [S.2260]
[Energy ]
[Finance ]
[Taxes ]
[Small Business ]
[Medicare and Medicaid ]
[Pensions ]
[Budget and Spending ]
[Labor, Jobs, Employment ]
[Housing ]
[Construction ]
[Veterans ]
[Military ]
[Economic Development ]
Expiring Provisions Improvement, Reform, and Efficiency Act of 2014 or the EXPIRE Act of 2014 - Amends the Internal Revenue Code to extend through 2015 expiring tax provisions pertaining to individual and business taxpayers and the energy sector. Expresses the sense of the Senate that: (1) a process of comprehensive tax reform should commence in the 114th Congress and should conclude before January 1, 2016; (2) Congress should endeavor to eliminate temporary provisions in the tax code by making permanent those provisions that merit permanency and
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Sponsored by: Sen. Ron Wyden
Motion To Proceed To Consideration Of Measure Made In Senate. (consideration: Cr S2763-2768) on 05/07/2014
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21st Century Worker Tax Cut Act [S.2162]
[Taxes ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
21st Century Worker Tax Cut Act - Amends the Internal Revenue Code to: (1) allow married taxpayers with at least one qualifying child under the age of 12 an income-based tax deduction equal to 20% of the lesser of $60,000 or the earned income of the spouse with the lower amount of earned income; (2) increase the amount of the earned income tax credit for taxpayers with no qualifying children; (3) increase the penalty for tax return preparers who fail to comply with due diligence requirements for determining eligibility for the earned income tax
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Sponsored by: Sen. Jack Reed
Sponsor Introductory Remarks On Measure. (cr S1776-1777) on 03/26/2014
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A bill to clarify the application of certain leverage and risk-based requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act. [S.2102]
[Finance ]
[Insurance ]
[Consumer Protection ]
Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act with respect to establishment of minimum leverage and minimum risk-based capital requirements on a consolidated basis for a depository institution holding company or a nonbank financial company supervised by the Board of Governors of the Federal Reserve System. Declares that the appropriate federal banking agencies shall not be required to subject to such minimum requirements any person, to the extent that person acts in its capacity as a regulated insurance entity, if it is regulated
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Sponsored by: Sen. Susan M. Collins
Committee On Banking, Housing, And Urban Affairs Subcommittee On Financial Institutions And Consumer Protection. Hearings Held. on 03/11/2014
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Partnership to Build America Act of 2014 [S.1957]
[Infrastructure ]
[Finance ]
[Energy ]
[Telecommunications ]
[Education ]
[Taxes ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Water ]
[Construction ]
[Economic Development ]
Partnership to Build America Act of 2014 - Establishes the American Infrastructure Fund (AIF) as a wholly-owned government corporation to provide bond guarantees and make loans to state and local governments, non-profit infrastructure providers, private parties, and public-private partnerships for state or local government sponsored transportation, energy, water, communications, or educational facility infrastructure projects (Qualified Infrastructure Projects [QIPs]). Authorizes AIF also to make equity investments in QIPs . Directs the Secretary
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Sponsored by: Sen. Angus S. King
Read Twice And Referred To The Committee On Finance. on 01/16/2014
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Tax Extenders Act of 2013 [S.1859]
[Taxes ]
[Energy ]
[Housing ]
[Small Business ]
[Veterans ]
[Military ]
[Budget and Spending ]
[Construction ]
[Food ]
Tax Extenders Act of 2013 - Title I: Individual Tax Extenders - Amends the Internal Revenue Code to extend through 2014: the tax credit for purchasing health care insurance; the tax deduction for expenses of elementary and secondary school teachers; the exclusion from gross income of imputed income from the discharge of indebtedness for a principal residence; the equalization of the exclusion from gross income for employer-provided commuter transit and parking benefits; the tax deduction for mortgage insurance premiums; the tax deduction
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Sponsored by: Sen. Harry Reid
Read The First Time. Placed On Senate Legislative Calendar Under Read The First Time. (text Of Measure As Introduced: Cr S9054-9061) on 12/20/2013
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Military Retirement Restoration Act [S.1844]
[Military ]
[Pensions ]
[Retirement ]
[Taxes ]
[Veterans ]
Military Retirement Restoration Act - Repeals the provision of the Bipartisan Budget Act of 2013 that reduces the cost-of-living adjustment to the retirement pay of members of the Armed Forces under age 62. Amends the Internal Revenue Code to treat a foreign corporation managed and controlled, directly or indirectly, primarily in the United States as a domestic corporation for U.S. tax purposes if the stock of such corporation is regularly traded on an established securities market or the aggregate gross assets of such corporation during the taxable
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Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. on 12/17/2013
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SelectUSA Authorization Act of 2013 [S.1608]
[Economic Development ]
[Trade ]
[Small Business ]
[Finance ]
[Budget and Spending ]
[Funding ]
SelectUSA Authorization Act of 2013 - Authorizes appropriations for FY2014-FY2018 for the SelectUSA Initiative (federal assistance aimed at increasing both foreign and domestic investment in U.S. business). Directs the Secretary of Commerce to report to Congress on Initiative activities during each such fiscal year by the following December 31st.
Sponsored by: Sen. Brian Schatz
Read Twice And Referred To The Committee On Commerce, Science, And Transportation. (text Of Measure As Introduced: Cr S7633) on 10/29/2013
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Stop Tax Haven Abuse Act [S.1533]
[Finance ]
[Taxes ]
[Trade ]
[International ]
[Cybersecurity ]
[Law Enforcement ]
[National Security ]
[Small Business ]
[Economic Development ]
[Crime ]
Stop Tax Haven Abuse Act - Authorizes the Secretary of the Treasury to impose restrictions on foreign jurisdictions or financial institutions operating in the United States that are of primary money laundering concern or that significantly impede U.S. tax enforcement. Amends the Internal Revenue Code to: expand reporting requirements for U.S. persons who hold an interest in a passive foreign investment company; establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements
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Sponsored by: Sen. Edward J. Markey
Sponsor Introductory Remarks On Measure. (cr S6649-6661) on 09/19/2013
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Fair Tax Act of 2013 [S.122]
[Taxes ]
[Budget and Spending ]
[Medicare and Medicaid ]
[Social Security ]
[Healthcare ]
[Finance ]
[Senior Citizens ]
Fair Tax Act of 2013 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2013. Imposes a national sales tax on the use or consumption in the United States of taxable property or services. Sets the sales tax rate at 23% in 2015, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes, and for state government functions. Sets forth rules relating to: (1)
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Sponsored by: Sen. Richard Burr
Sponsor Introductory Remarks On Measure. (cr S223) on 01/23/2013
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Expressing the sense of the House that a Contract with America should restore American competitiveness. [HR-745]
[Taxes ]
[Immigration ]
[Energy ]
[Trade ]
[Infrastructure ]
[Budget and Spending ]
[Telecommunications ]
[Labor, Jobs, Employment ]
[Economic Development ]
Expresses the sense of the House of Representatives that a Contract with America should include a roadmap to restore American competitiveness by: simplifying the corporate tax structure with lower statutory rates and no loopholes; taxing overseas profits earned by American multinational companies only where they are earned; easing the immigration of highly skilled individuals; responsibly developing America's shale-gas and oil reserves; aggressively addressing distortions and abuses in the international trading system; improving American logistics,
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Sponsored by: Rep. Tom Rice
Referred To The Subcommittee On Energy And Power. on 09/19/2014
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Patriot Corporations of America Act of 2013 [HB-929]
[Labor, Jobs, Employment ]
[Finance ]
[Taxes ]
[Consumer Protection ]
[Pensions ]
[Insurance ]
[Small Business ]
[Trade ]
[National Security ]
[Manufacturing ]
Patriot Corporations of America Act of 2013 - Grants after 2013 a preference to Patriot corporations in the evaluation of bids or proposals for federal contracts. Defines "Patriot corporation" as a corporation which: (1) produces at least 90% of its goods and services in the United States; (2) does not pay its its management-level employees at a rate more than 10,000% of the compensation of its lowest paid employee; (3) conducts at least 50% of its research and development in the United States; (4) contributes at least 5% of its payroll to a portable
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Sponsored by: Rep. Barbara Lee
Referred To The Committee On Ways And Means, And In Addition To The Committee On Oversight And Government Reform, For A Period To Be Subsequently Determined By The Speaker, In Each Case For Consideration Of Such Provisions As Fall Within The Jurisdiction Of The Committee Concerned. on 02/28/2013
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Iran, North Korea, and Syria Nonproliferation Accountability Act of 2013 [HB-893]
[International ]
[National Security ]
[Technology and Innovation ]
[Trade ]
[Aerospace ]
[Science ]
[Energy ]
[Defense ]
[Military ]
Iran, North Korea, and Syria Nonproliferation Accountability Act of 2013 - Directs the President to impose sanctions for not less that two years on any foreign person who on or after September 1, 2007, transferred to or acquired from Iran, Syria, or North Korea: (1) certain listed nuclear, dual use, missile, chemical, biological, toxic, or nonlisted but otherwise prohibited goods, services, or technology; (2) acquired, mined, or otherwise extracted materials within the territory or control of Iran, North Korea, or Syria for purposes relating to
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Sponsored by: Rep. Ted Poe
Referred To The Subcommittee On Immigration And Border Security. on 04/08/2013
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Wall Street Trading and Speculators Tax Act [HB-880]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Investments ]
[Retirement ]
Wall Street Trading and Speculators Tax Act - Amends the Internal Revenue Code to impose a .03% excise tax on the purchase of a security if: (1) such purchase occurs or is cleared on a trading facility located in the United States, or (2) the purchaser or seller is a U.S. person. Defines "security" to include: (1) stocks, partnership interests, notes, bonds, debentures, or other evidences of indebtedness; (2) interests in a derivative financial instrument (i.e., any option, forward contract, futures contract, or any similar financial instrument)
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Sponsored by: Rep. Raul M. Grijalva
Referred To The House Committee On Ways And Means. on 02/28/2013