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  <bill>
    <number>2503</number>
    <updateDate>2023-01-15T16:33:43Z</updateDate>
    <updateDateIncludingText>2023-01-15T16:33:43Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2003-06-18</introducedDate>
    <congress>108</congress>
    <committees>
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        <systemCode>hswm00</systemCode>
        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
        <activities>
          <item>
            <name>Referred to</name>
            <date>2003-06-18T14:00:45Z</date>
          </item>
        </activities>
      </item>
    </committees>
    <actions>
      <item>
        <actionDate>2003-06-18</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
        <type>IntroReferral</type>
        <actionCode>H11100</actionCode>
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          <name>House floor actions</name>
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            <systemCode>hswm00</systemCode>
            <name>Ways and Means Committee</name>
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      </item>
      <item>
        <actionDate>2003-06-18</actionDate>
        <text>Sponsor introductory remarks on measure. (CR E1298)</text>
        <type>IntroReferral</type>
        <actionCode>B00100</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
        </sourceSystem>
      </item>
      <item>
        <actionDate>2003-06-18</actionDate>
        <text>Introduced in House</text>
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          <code>9</code>
          <name>Library of Congress</name>
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      <item>
        <actionDate>2003-06-18</actionDate>
        <text>Introduced in House</text>
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        <actionCode>1000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
        </sourceSystem>
      </item>
    </actions>
    <sponsors>
      <item>
        <bioguideId>C000640</bioguideId>
        <fullName>Rep. Collins, Mac [R-GA-8]</fullName>
        <firstName>MAC</firstName>
        <lastName>COLLINS</lastName>
        <party>R</party>
        <state>GA</state>
        <district>8</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>L000287</bioguideId>
        <fullName>Rep. Lewis, John [D-GA-5]</fullName>
        <firstName>JOHN</firstName>
        <lastName>LEWIS</lastName>
        <party>D</party>
        <state>GA</state>
        <district>5</district>
        <sponsorshipDate>2003-06-18</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>J000032</bioguideId>
        <fullName>Rep. Jackson-Lee, Sheila [D-TX-18]</fullName>
        <firstName>SHEILA</firstName>
        <lastName>JACKSON-LEE</lastName>
        <party>D</party>
        <state>TX</state>
        <district>18</district>
        <sponsorshipDate>2003-06-18</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>R000395</bioguideId>
        <fullName>Rep. Rogers, Harold [R-KY-5]</fullName>
        <firstName>HAROLD</firstName>
        <lastName>ROGERS</lastName>
        <party>R</party>
        <state>KY</state>
        <district>5</district>
        <sponsorshipDate>2003-06-18</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>L000551</bioguideId>
        <fullName>Rep. Lee, Barbara [D-CA-9]</fullName>
        <firstName>BARBARA</firstName>
        <lastName>LEE</lastName>
        <party>D</party>
        <state>CA</state>
        <district>9</district>
        <sponsorshipDate>2003-06-18</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C000714</bioguideId>
        <fullName>Rep. Conyers, John, Jr. [D-MI-14]</fullName>
        <firstName>JOHN</firstName>
        <lastName>CONYERS</lastName>
        <party>D</party>
        <state>MI</state>
        <district>14</district>
        <sponsorshipDate>2003-06-18</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>E000187</bioguideId>
        <fullName>Rep. English, Phil [R-PA-3]</fullName>
        <firstName>PHIL</firstName>
        <lastName>ENGLISH</lastName>
        <party>R</party>
        <state>PA</state>
        <district>3</district>
        <sponsorshipDate>2003-06-18</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>F000238</bioguideId>
        <fullName>Rep. Foley, Mark [R-FL-16]</fullName>
        <firstName>MARK</firstName>
        <lastName>FOLEY</lastName>
        <party>R</party>
        <state>FL</state>
        <district>16</district>
        <sponsorshipDate>2003-06-18</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>A000210</bioguideId>
        <fullName>Rep. Andrews, Robert E. [D-NJ-1]</fullName>
        <firstName>ROBERT</firstName>
        <lastName>ANDREWS</lastName>
        <party>D</party>
        <state>NJ</state>
        <middleName>E.</middleName>
        <district>1</district>
        <sponsorshipDate>2004-10-06</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Asbestos</name>
        </item>
        <item>
          <name>Bankruptcy</name>
        </item>
        <item>
          <name>Capital gains tax</name>
        </item>
        <item>
          <name>Claims</name>
        </item>
        <item>
          <name>Commerce</name>
        </item>
        <item>
          <name>Corporate debt</name>
        </item>
        <item>
          <name>Corporate reorganizations</name>
        </item>
        <item>
          <name>Corporation taxes</name>
        </item>
        <item>
          <name>Environmental Protection</name>
        </item>
        <item>
          <name>Finance and Financial Sector</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Law</name>
        </item>
        <item>
          <name>Losses</name>
        </item>
        <item>
          <name>Products liability</name>
        </item>
        <item>
          <name>Tax administration</name>
        </item>
        <item>
          <name>Tax exclusion</name>
        </item>
        <item>
          <name>Tax exemption</name>
        </item>
        <item>
          <name>Trusts and trustees</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2003-06-18</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2003-09-04T14:33:46Z</updateDate>
        <text><![CDATA[ <p>Asbestos Claims Tax Fairness Act of 2003 - Amends the Internal Revenue Code to provide for the preservation of tax attributes in asbestos company bankruptcy cases and provide an exemption for asbestos related settlement funds to ensure the availability of a company's assets to pay asbestos claims.</p>]]></text>
      </summary>
    </summaries>
    <title>Asbestos Claims Tax Fairness Act of 2003</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Asbestos Claims Tax Fairness Act of 2003</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to provide that tax attributes shall not be reduced in connection with a discharge of indebtedness in a title 11 case of a company having asbestos-related claims against it.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Asbestos Claims Tax Fairness Act of 2003</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2003-06-18T04:00:00Z</date>
        <formats/>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2003-06-18</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
    </latestAction>
  </bill>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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