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  <bill>
    <number>887</number>
    <updateDate>2023-01-15T23:33:09Z</updateDate>
    <updateDateIncludingText>2023-01-15T23:33:09Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
    <originChamberCode>S</originChamberCode>
    <type>S</type>
    <introducedDate>2003-04-10</introducedDate>
    <congress>108</congress>
    <committees>
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        <systemCode>ssfi00</systemCode>
        <name>Finance Committee</name>
        <chamber>Senate</chamber>
        <type>Standing</type>
        <activities>
          <item>
            <name>Referred to</name>
            <date>2003-04-11T00:04:14Z</date>
          </item>
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    </committees>
    <actions>
      <item>
        <actionDate>2003-04-10</actionDate>
        <committees>
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            <systemCode>ssfi00</systemCode>
            <name>Finance Committee</name>
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          <name>Senate</name>
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        <text>Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5240-5242)</text>
        <type>IntroReferral</type>
      </item>
      <item>
        <actionDate>2003-04-10</actionDate>
        <text>Sponsor introductory remarks on measure. (CR S5237-5240)</text>
        <type>IntroReferral</type>
        <actionCode>B00100</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
        </sourceSystem>
      </item>
      <item>
        <actionDate>2003-04-10</actionDate>
        <text>Introduced in Senate</text>
        <type>IntroReferral</type>
        <actionCode>10000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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    </actions>
    <sponsors>
      <item>
        <bioguideId>K000352</bioguideId>
        <fullName>Sen. Kyl, Jon [R-AZ]</fullName>
        <firstName>Jon</firstName>
        <lastName>Kyl</lastName>
        <party>R</party>
        <state>AZ</state>
        <middleName>Llewellyn</middleName>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>C001056</bioguideId>
        <fullName>Sen. Cornyn, John [R-TX]</fullName>
        <firstName>John</firstName>
        <lastName>Cornyn</lastName>
        <party>R</party>
        <state>TX</state>
        <sponsorshipDate>2003-04-10</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>A000360</bioguideId>
        <fullName>Sen. Alexander, Lamar [R-TN]</fullName>
        <firstName>Lamar</firstName>
        <lastName>Alexander</lastName>
        <party>R</party>
        <state>TN</state>
        <sponsorshipDate>2003-05-13</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>E000194</bioguideId>
        <fullName>Sen. Ensign, John [R-NV]</fullName>
        <firstName>JOHN</firstName>
        <lastName>ENSIGN</lastName>
        <party>R</party>
        <state>NV</state>
        <sponsorshipDate>2003-05-15</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001141</bioguideId>
        <fullName>Sen. Sessions, Jeff [R-AL]</fullName>
        <firstName>Jeff</firstName>
        <lastName>Sessions</lastName>
        <party>R</party>
        <state>AL</state>
        <sponsorshipDate>2003-05-19</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S000663</bioguideId>
        <fullName>Sen. Snowe, Olympia J. [R-ME]</fullName>
        <firstName>Olympia</firstName>
        <lastName>Snowe</lastName>
        <party>R</party>
        <state>ME</state>
        <middleName>J.</middleName>
        <sponsorshipDate>2004-05-06</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Auditing</name>
        </item>
        <item>
          <name>Business records</name>
        </item>
        <item>
          <name>Civil actions and liability</name>
        </item>
        <item>
          <name>Class actions (Civil procedure)</name>
        </item>
        <item>
          <name>Commerce</name>
        </item>
        <item>
          <name>Drug abuse</name>
        </item>
        <item>
          <name>Evidence (Law)</name>
        </item>
        <item>
          <name>Excise tax</name>
        </item>
        <item>
          <name>Florida</name>
        </item>
        <item>
          <name>Government Operations and Politics</name>
        </item>
        <item>
          <name>Government contractors</name>
        </item>
        <item>
          <name>Government paperwork</name>
        </item>
        <item>
          <name>Health</name>
        </item>
        <item>
          <name>Injunctions</name>
        </item>
        <item>
          <name>Law</name>
        </item>
        <item>
          <name>Legal fees</name>
        </item>
        <item>
          <name>Liability (Law)</name>
        </item>
        <item>
          <name>Medicaid</name>
        </item>
        <item>
          <name>Minnesota</name>
        </item>
        <item>
          <name>Mississippi</name>
        </item>
        <item>
          <name>Social Welfare</name>
        </item>
        <item>
          <name>State finance</name>
        </item>
        <item>
          <name>Tax courts</name>
        </item>
        <item>
          <name>Tax penalties</name>
        </item>
        <item>
          <name>Tax returns</name>
        </item>
        <item>
          <name>Texas</name>
        </item>
        <item>
          <name>Tobacco</name>
        </item>
        <item>
          <name>Tobacco settlement</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2003-04-10</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2006-11-28T17:35:40Z</updateDate>
        <text><![CDATA[Intermediate Sanctions Compensatory Revenue Adjustment Act of 2003 (ISCRAA) - Amends the Internal Revenue Code to impose on the collecting attorney: (1) in each excess fee transaction a tax equal to five percent of such fee; and (2) in any case in which such tax is imposed and the excess fee involved is not corrected within the taxable period, a tax of 200 percent of the excess fee involved.<p>Defines: (1) collecting attorney; (2) excess fee transaction; and (3) taxable period.<p>Authorizes Tax Court declaratory judgments with respect to excise taxes on excess fee transactions.]]></text>
      </summary>
    </summaries>
    <title>Intermediate Sanctions Compensatory Revenue Adjustment Act of 2003 (ISCRAA)</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Intermediate Sanctions Compensatory Revenue Adjustment Act of 2003 (ISCRAA)</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to amend the Internal Revenue Code of 1986 to apply an excise tax to excessive attorneys fees for legal judgements, settlements, or agreements that operate as a tax.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Intermediate Sanctions Compensatory Revenue Adjustment Act of 2003 (ISCRAA)</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in Senate</type>
        <date>2003-04-10T04:00:00Z</date>
        <formats/>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2003-04-10</actionDate>
      <text>Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5240-5242)</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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