Foreign And International Corporations
US Congress 115th Congress
Outsourcing Accountability Act of 2017 [S.380]
[Finance ]
[Labor, Jobs, Employment ]
[Trade ]
[Small Business ]
[Technology and Innovation ]
[Economic Development ]
Outsourcing Accountability Act of 2017 This bill amends the Securities Exchange Act of 1934 to require an issuer that is registered with the Securities and Exchange Commission (SEC) to disclose to the SEC specified information related to the number of domestic and foreign employees of the issuer and its subsidiaries. An issuer that is an "emerging growth company" (in general, a newly public company with revenues below a specified threshold) shall be exempt from the bill's disclosure requirement.
Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/15/2017
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Iran Nonnuclear Sanctions Act of 2017 [HB-808]
[International ]
[Human Rights ]
[National Security ]
[Aerospace ]
Iran Nonnuclear Sanctions Act of 2017 This bill prescribes requirements for sanctions with respect to: (1) Iran's Revolutionary Guard Corps (IRGC) and related entities; (2) Mahan Air; (3) Iran's support of terrorism; (4) Iran's human rights abuses; (5) certain Iranian individuals; (6) persons who conduct transactions with or on behalf of certain Iranian individuals; (7) financial institutions that engage in certain transactions on behalf of persons involved in human rights abuses or that export sensitive technology to Iran; (8) Iran's ballistic
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Sponsored by: Rep. Leonard Lance
Referred To The Subcommittee On Trade. on 02/06/2017
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Bring Jobs Home Act [S.247]
[Labor, Jobs, Employment ]
[Taxes ]
[Trade ]
[Small Business ]
[Economic Development ]
[Manufacturing ]
Bring Jobs Home Act This bill 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. The bill 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. Robert Casey
Read Twice And Referred To The Committee On Finance. on 01/30/2017
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End Outsourcing Act [S.234]
[Labor, Jobs, Employment ]
[Taxes ]
[Trade ]
[Small Business ]
[Manufacturing ]
[Economic Development ]
[Budget and Spending ]
End Outsourcing Act This bill modifies provisions of tax, labor, and federal contracting laws related to the outsourcing of jobs. The bill amends the Worker Adjustment and Retraining Notification Act to require employers to include an outsourcing statement in the notice that must be provided to employees, state dislocated worker units, and local governments prior to plant closings and mass layoffs. The statement must specify whether part or all of the positions held by affected employees will be moved outside of the United States, regardless of
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Sponsored by: Sen. Kirsten Gillibrand
Read Twice And Referred To The Committee On Finance. on 01/24/2017
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Bring Jobs Home Act [HB-685]
[Labor, Jobs, Employment ]
[Taxes ]
[Trade ]
[Small Business ]
[Economic Development ]
[Manufacturing ]
Bring Jobs Home Act This bill 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. The bill 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: Rep. Barbara Lee
Introduced In House on 01/24/2017
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Iran Nonnuclear Sanctions Act of 2017 [S.227]
[International ]
[Human Rights ]
[National Security ]
[Aerospace ]
Iran Nonnuclear Sanctions Act of 2017 This bill prescribes requirements for sanctions with respect to: (1) Iran's Revolutionary Guard Corps (IRGC) and related entities; (2) Mahan Air; (3) Iran's support of terrorism; (4) Iran's human rights abuses; (5) certain Iranian individuals; (6) persons who conduct transactions with or on behalf of certain Iranian individuals; (7) financial institutions that engage in certain transactions on behalf of persons involved in human rights abuses or that export sensitive technology to Iran; (8) Iran's ballistic
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Sponsored by: Sen. Marco Rubio
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/24/2017
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Fair Tax Act of 2017 [S.18]
[Taxes ]
[Budget and Spending ]
[Medicare and Medicaid ]
[Social Security ]
[Healthcare ]
[Poverty ]
Fair Tax Act of 2017 This bill is a tax reform proposal that imposes a national sales tax on the use or consumption in the United States of taxable property or services in lieu of the current income and corporate income tax, employment and self-employment taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2019, with adjustments to the rate in subsequent years. There are exemptions from the tax for used and intangible property, for property or services purchased for business, export, or investment purposes, and for state government
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Sponsored by: Sen. David Perdue
Read Twice And Referred To The Committee On Finance. on 01/03/2017
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FairTax Act of 2017 [HB-25]
[Taxes ]
[Budget and Spending ]
[Medicare and Medicaid ]
[Social Security ]
[Healthcare ]
[Senior Citizens ]
[Poverty ]
FairTax Act of 2017 This bill is a tax reform proposal that imposes a national sales tax on the use or consumption in the United States of taxable property or services in lieu of the current income and corporate income tax, employment and self-employment taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2019, with adjustments to the rate in subsequent years. There are exemptions from the tax for used and intangible property, for property or services purchased for business, export, or investment purposes, and for state government
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Sponsored by: Rep. Ted Poe
Introduced In House on 01/03/2017
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Executive Appointee Ethics Improvement Act [HB-2500]
[Ethics ]
[National Security ]
Executive Appointee Ethics Improvement Act This bill lengthens from one to two years the ban on certain senior personnel of the executive branch and independent agencies from lobbying the department or agency in which the person served. If the Director of the Office of Government Ethics decides to waive this restriction, such decision shall be published in the Federal Register unless it would compromise national security. The bill lengthens from two to five years the ban on certain very senior personnel of the executive branch and independent agencies,
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Sponsored by: Rep. Eleanor Norton
Referred To The Subcommittee On The Constitution And Civil Justice. on 06/07/2017
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Putting Main Street FIRST Act Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act [HB-2306]
[Finance ]
[Taxes ]
[Small Business ]
[Trade ]
[Investments ]
Putting Main Street FIRST Act Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act This bill amends the Internal Revenue Code to impose a .03% excise tax on the purchase of a security if: (1) such purchase occurs on, or is subject to the rules of, a qualified board or exchange located in the United States; or (2) the purchaser or seller is a U.S. person. A "security" includes: (1) any share of stock in a corporation, (2) any partnership or beneficial ownership interest in a partnership or trust; (3) any note, bond,
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 05/03/2017
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Tax Fairness and Transparency Act [HB-2057]
[Finance ]
[Taxes ]
[International ]
Tax Fairness and Transparency Act This bill amends the Internal Revenue Code to limit the tax deduction of the interest expense of a U.S. corporation that is a member of a financial reporting group (a group that prepares consolidated financial statements according to accepted accounting principles or international financial reporting standards) to: (1) the amount of interest on indebtedness of the corporation includible in the corporation's gross income for the taxable year plus its proportionate share of the group's net interest expense in the
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 04/06/2017
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Offshoring Prevention Act [S.863]
[Taxes ]
[Trade ]
[Manufacturing ]
[Finance ]
[Small Business ]
[Economic Development ]
Offshoring Prevention Act This bill amends the Internal Revenue Code to include imported property income in foreign base company income, for purposes of determining the income of controlled foreign corporations. The bill defines "imported property income" as, with certain exceptions, income derived in connection with: manufacturing, producing, growing, or extracting imported property; the sale, exchange, or other disposition of imported property; or the lease, rental, or licensing of imported property. The bill also provides for a separate application
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Finance. on 04/06/2017
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Offshoring Prevention Act [HB-2005]
[Taxes ]
[Trade ]
[Manufacturing ]
[Finance ]
[Small Business ]
[Economic Development ]
Offshoring Prevention Act This bill amends the Internal Revenue Code to include imported property income in foreign base company income, for purposes of determining the income of controlled foreign corporations. The bill defines "imported property income" as, with certain exceptions, income derived in connection with: manufacturing, producing, growing, or extracting imported property; the sale, exchange, or other disposition of imported property; or the lease, rental, or licensing of imported property. The bill also provides for a separate application
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 04/06/2017
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Stop Tax Haven Abuse Act [HB-1932]
[Finance ]
[Taxes ]
[Trade ]
[Small Business ]
[Cybersecurity ]
[Economic Development ]
[Law Enforcement ]
[National Security ]
[Crime ]
Stop Tax Haven Abuse Act This bill authorizes the Department of the Treasury to impose restrictions on foreign jurisdictions or financial institutions to counter money laundering and efforts to significantly impede U.S. tax enforcement. The bill amends the Internal Revenue Code to: expand reporting requirements for certain foreign investments and accounts held by U.S. persons, establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under the Foreign Account Tax Compliance
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 04/05/2017
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Stop Tax Haven Abuse Act [S.851]
[Finance ]
[Taxes ]
[Trade ]
[International ]
[Small Business ]
[Investments ]
[Law Enforcement ]
[National Security ]
[Economic Development ]
[Crime ]
Stop Tax Haven Abuse Act This bill authorizes the Department of the Treasury to impose restrictions on foreign jurisdictions or financial institutions to counter money laundering and efforts to significantly impede U.S. tax enforcement. The bill amends the Internal Revenue Code to: expand reporting requirements for certain foreign investments and accounts held by U.S. persons, establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under the Foreign Account Tax Compliance
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Finance. on 04/05/2017
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Corporate EXIT Fairness Act Corporate EXpatriates and Inverters Tax Fairness Act [HB-1931]
[Taxes ]
[Trade ]
[International ]
[Finance ]
[Small Business ]
Corporate EXIT Fairness Act Corporate EXpatriates and Inverters Tax Fairness Act This bill amends the Internal Revenue Code to set forth rules governing corporate inversions (i.e., the practice of relocating a domestic corporation's legal domicile to a lower-tax nation while retaining its business activities in the higher-tax country of origin) and corporate expatriations. Specifically, the bill requires payment of tax on the deferred overseas profits of U.S. multinational corporations or partnerships before they reincorporate or organize in a foreign
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 04/05/2017