3.0.0 5378 2023-01-13T04:48:28Z 2023-01-13T04:48:28Z House H HR 2006-05-11 109 hsba00 Financial Services Committee House Standing hsba19 Domestic Monetary Policy and Technology Subcommittee Referred to 2006-08-31T14:16:51Z Referred to 2006-05-11T14:02:10Z hsfa00 Foreign Affairs Committee House Standing Referred to 2006-05-11T14:02:05Z hswm00 Ways and Means Committee House Standing Referred to 2006-05-11T14:02:00Z 2006-08-31 hsba19 Domestic Monetary Policy and Technology Subcommittee 1 House committee actions Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. Committee 2006-05-11 Referred to the Committee on Ways and Means, and in addition to the Committees on International Relations, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2006-05-11 Referred to the Committee on Ways and Means, and in addition to the Committees on International Relations, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsfa00 Foreign Affairs Committee 2006-05-11 Referred to the Committee on Ways and Means, and in addition to the Committees on International Relations, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2006-05-11 Referred to the Committee on Ways and Means, and in addition to the Committees on International Relations, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2006-05-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-05-11 Introduced in House IntroReferral 1000 9 Library of Congress M000523 Rep. McKinney, Cynthia A. [D-GA-4] CYNTHIA MCKINNEY D GA A. 4 N Commerce American investments Corporate downsizing Corporation taxes Developing countries Economics and Public Finance Export finance Finance and Financial Sector Foreign Trade and International Finance Government Operations and Politics Government lending Government paperwork Income tax Interest rates Investment guaranty insurance Profit Tax credits Tax deductions Tax exclusion Taxation Commerce 00 2006-05-11 Introduced in House 2006-06-03T15:57:36Z Corporate Welfare Reduction and Job Preservation Act of 2006 - Amends the Internal Revenue Code to require a 50% reduction in tax benefits for certain large profitable corporations that reduce their employee workforce by 15% or more. Defines "large profitable corporation" as a corporation or partnership that is not defined as a small business concern under the Small Business Act and which has a taxable income that exceeds net operating losses during a specified five-year period.

Amends the Foreign Assistance Act of 1961 and the Export-Import Act of 1945 to require large profitable corporations (as defined by this Act) that reduce their employee workforce by 15% or more to immediately repay loans and forfeit insurance benefits and credit lines provided by such Acts.

]]> Corporate Welfare Reduction and Job Preservation Act of 2006 Display Title Corporate Welfare Reduction and Job Preservation Act of 2006 Official Title as Introduced To amend the Internal Revenue Code of 1986 to reduce by 50 percent certain tax benefits allowable to profitable large corporations which make certain workforce reductions. Introduced in House IH Short Titles as Introduced Corporate Welfare Reduction and Job Preservation Act of 2006 Introduced in House 2006-05-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr5378ih/xml/BILLS-109hr5378ih.xml 2006-08-31 Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. 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.