3.0.0 2235 2023-01-15T11:03:07Z 2023-01-15T11:03:07Z Senate S S 2004-03-25 108 ssfi00 Finance Committee Senate Standing Referred to 2004-03-25T22:18:11Z 2004-03-25 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3186-3188) IntroReferral 2004-03-25 Introduced in Senate IntroReferral 10000 9 Library of Congress H000725 Sen. Hollings, Ernest F. [D-SC] ERNEST HOLLINGS D SC FREDERICK N Foreign Trade and International Finance Accounting Affiliated corporations Appropriations Armed Forces and National Security Attorneys general Buy American Civil actions and liability Commerce Commercialization Congress Congressional reporting requirements Copyright Corporation taxes Crime and Law Enforcement Customs administration Defense industries Department of Commerce Department of Homeland Security Department of Justice Dividends Earnings Economics and Public Finance Executive reorganization Federal employees Federal law enforcement officers Federal officials Finance and Financial Sector Foreign corporations Government Operations and Politics Governmental investigations Import restrictions Income tax Industrial engineering Intellectual property International competitiveness Law Legislation Manufacturing industries Names Office of the U.S. Trade Representative Profit Recruiting of employees Restrictive trade practices Salaries Science, Technology, Communications Small business Smuggling Stockholders Tax credits Tax deductions Tax evasion Tax exclusion Tax havens Taxation Taxation of foreign income Technological innovations Technology transfer Textile fabrics Textile industry Trade agreements Trademarks Trusts and trustees U.S. International Trade Commission Foreign Trade and International Finance 00 2004-03-25 Introduced in Senate 2004-09-02T15:37:37Z Domestic Workforce Protection Act - Renames the Department of Commerce as the Department of Trade and Commerce. Redesignates the Secretary of Commerce or any other official of the Department as the Secretary or official, as appropriate, of Trade and Commerce.

Amends the Trade Act of 1974 to transfer the Office of the U.S. Trade Representatives from the Executive Office of the President to the Department of Trade and Commerce.

Amends the Internal Revenue Code to revise tax rules for determining amounts included in the gross income of U.S. shareholders of controlled foreign corporations.

Disallows a tax deduction for certain royalty payments made by a corporation to an affiliated entity organized and operated outside the United States.

Authorizes the Secretary of the Treasury to deny tax benefits for corporations that attempt to avoid U.S. taxation through the use of tax havens.

Requires the Attorney General to appoint an Assistant Attorney General for Trade.

Provides for employment of additional customs inspectors to detect and prevent illegal transshipments of textiles.

Requires the Secretary of Commerce to develop and implement a program to encourage and support increased domestic production of goods and products essential or critical to national security in order to decrease U.S. dependence upon such imports.

Expresses the sense of the Senate that Congress should appropriate the full amount authorized by law to carry out the Regional Centers for the Transfer of Manufacturing Technology program under the National Institute of Standards and Technology Act and the Advanced Technology Program authorized by that Act.

Abolishes the U.S. International Trade Commission and transfers its functions to the Department of Commerce to be performed by the Assistant Secretary of Commerce for Import Administration.

]]> Domestic Workforce Protection Act Display Title Domestic Workforce Protection Act Official Title as Introduced A bill to rename the Department of Commerce as the Department of Trade and Commerce and transfer the Office of the United States Trade Representative into the Department, to consolidate and enhance statutory authority to protect American jobs from unfair international competition, and for other purposes. Introduced in Senate IS Short Titles as Introduced Domestic Workforce Protection Act Introduced in Senate 2004-03-25T05:00:00Z 2004-03-25 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3186-3188) text/xml EN 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. Congressional Research Service, Library of Congress 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.