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    <updateDate>2023-01-13T04:49:54Z</updateDate>
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    <introducedDate>2005-10-19</introducedDate>
    <congress>109</congress>
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        <title>Biotechnology Future Investment Expansion Act of 2005</title>
        <congress>109</congress>
        <number>1893</number>
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          <actionDate>2005-10-19</actionDate>
          <text>Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S11567-11568)</text>
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        <fullName>Rep. Hart, Melissa A. [R-PA-4]</fullName>
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        <fullName>Rep. Neal, Richard E. [D-MA-2]</fullName>
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        <fullName>Rep. Reynolds, Thomas M. [R-NY-26]</fullName>
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        <fullName>Rep. English, Phil [R-PA-3]</fullName>
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        <fullName>Rep. Hayworth, J. D. [R-AZ-5]</fullName>
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        <fullName>Rep. Gerlach, Jim [R-PA-6]</fullName>
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        <bioguideId>L000293</bioguideId>
        <fullName>Rep. Lewis, Ron [R-KY-2]</fullName>
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        <lastName>LEWIS</lastName>
        <party>R</party>
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        <district>2</district>
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        <fullName>Rep. Herger, Wally [R-CA-2]</fullName>
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        <bioguideId>R000576</bioguideId>
        <fullName>Rep. Ruppersberger, C. A. Dutch [D-MD-2]</fullName>
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        <lastName>Ruppersberger</lastName>
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        <state>MD</state>
        <middleName>Dutch</middleName>
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        <sponsorshipDate>2005-12-15</sponsorshipDate>
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        <fullName>Rep. Holt, Rush [D-NJ-12]</fullName>
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        <lastName>HOLT</lastName>
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        <state>NJ</state>
        <middleName>D.</middleName>
        <district>12</district>
        <sponsorshipDate>2006-04-27</sponsorshipDate>
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      <name>Taxation</name>
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          <name>Biotechnology</name>
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          <name>Capital gains tax</name>
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          <name>Clinical trials</name>
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          <name>Corporate debt</name>
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          <name>Corporate finance</name>
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          <name>Corporate reorganizations</name>
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          <name>Corporation taxes</name>
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          <name>Drug industry</name>
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          <name>Finance and Financial Sector</name>
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          <name>Health</name>
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          <name>Income tax</name>
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          <name>Investments</name>
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          <name>Losses</name>
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          <name>Pharmaceutical research</name>
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          <name>Science, Technology, Communications</name>
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          <name>Tax credits</name>
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          <name>Tax exclusion</name>
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        <item>
          <name>Tax incentives</name>
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      <summary>
        <versionCode>00</versionCode>
        <actionDate>2005-10-19</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2005-11-22T20:43:39Z</updateDate>
        <text><![CDATA[ <p>Biotechnology Future Investment Expansion Act of 2005 - Amends the Internal Revenue Code to permit certain biomedical research corporations to engage in investments and other transactions involving shifts in ownership without incurring limitations on net operating loss carryforwards and certain built-in losses.</p>]]></text>
      </summary>
    </summaries>
    <title>Biotechnology Future Investment Expansion Act of 2005</title>
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        <titleType>Display Title</titleType>
        <title>Biotechnology Future Investment Expansion Act of 2005</title>
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        <titleType>Official Title as Introduced</titleType>
        <title>To permit biomedical research corporations to engage in certain financings and other transactions without incurring limitations on net operating loss carryforwards and certain built-in losses, and for other purposes.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <title>Biotechnology Future Investment Expansion Act of 2005</title>
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        <type>Introduced in House</type>
        <date>2005-10-19T04:00:00Z</date>
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    <latestAction>
      <actionDate>2005-10-19</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <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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