3.0.0 3319 2023-01-11T20:37:55Z 2023-01-11T20:37:55Z House H HR 2007-08-02 110 hsgo00 Oversight and Accountability Committee House Standing Referred to 2007-08-02T04:02:40Z hswm00 Ways and Means Committee House Standing Referred to 2007-08-02T04:02:35Z 2007-08-02 Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, 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 hsgo00 Oversight and Accountability Committee 2007-08-02 Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, 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 2007-08-02 Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, 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 2007-08-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-08-02 Introduced in House IntroReferral 1000 9 Library of Congress S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 N H001040 Rep. Hare, Phil [D-IL-17] Phil Hare D IL 17 2007-08-02 True S001174 Rep. Sutton, Betty [D-OH-13] Betty Sutton D OH 13 2007-08-02 True B001258 Rep. Boyda, Nancy E. [D-KS-2] Nancy Boyda D KS E. 2 2007-08-02 True M001166 Rep. McNerney, Jerry [D-CA-11] Jerry McNerney D CA 11 2007-08-02 True K000365 Rep. Kagen, Steve [D-WI-8] Steve Kagen D WI 8 2007-08-02 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2007-08-02 True R000577 Rep. Ryan, Tim [D-OH-17] TIM RYAN D OH 17 2007-08-02 True K000172 Rep. Kildee, Dale E. [D-MI-5] DALE KILDEE D MI E. 5 2007-08-02 True S001153 Rep. Solis, Hilda L. [D-CA-32] HILDA SOLIS D CA L. 32 2007-08-02 True M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 2007-08-02 True W000738 Rep. Woolsey, Lynn C. [D-CA-6] LYNN WOOLSEY D CA 6 2007-08-02 True D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2007-08-02 True J000283 Rep. Jackson, Jesse L., Jr. [D-IL-2] JESSE JACKSON D IL L. 2 2007-08-02 True H001039 Rep. Hall, John J. [D-NY-19] John Hall D NY J. 19 2007-08-03 False S001156 Rep. Sánchez, Linda T. [D-CA-39] Linda Sánchez D CA T. 39 2008-06-19 False B001227 Rep. Brady, Robert A. [D-PA-1] ROBERT BRADY D PA A. 1 2008-07-29 False M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2008-09-10 False J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2008-09-10 False Foreign Trade and International Finance Commerce Congress Consumer protection Corporation taxes Employee health benefits Employee rights Environmental Protection Executive compensation Foreign corporations Government Operations and Politics Government contractors Health Income tax Industrial pollution Industrial relations Industrial research Labor and Employment Labor unions Occupational health and safety Offshore manufacturing Pension funds Pension portability Research and development Science, Technology, Communications Sunset legislation Tax evasion Tax rates Taxation Taxation of foreign income Foreign Trade and International Finance 00 2007-08-02 Introduced in House 2007-08-10T14:56:34Z Patriot Corporations of America Act of 2007 - Grants after 2007 a preference to Patriot corporations in the evaluation of bids or proposals for federal contracts. Defines " Patriot corporation" as a corporation which: (1) produces at least 90% of its goods and services in the United States; (2) does not pay its its management-level employees at a rate more than 10,000% of the compensation of its lowest paid employee; (3) conducts at least 50% of its research and development in the United States; (4) contributes at least 5% of its payroll to a portable pension fund for its employees; (5) pays at least 70% of its employees' health insurance costs; (6) maintains a policy of neutrality in employee organizing drives; (7) provides full differential salary and insurance benefits for all National Guard and Reserve employees who are called to active duty; and (8) has not violated federal regulations, including regulations relating to the environment, workplace safety, labor relations, and consumer protections.

Amends the Internal Revenue Code to: (1) reduce the income tax rate for Patriot corporations; (2) reclassify foreign corporations created or organized to avoid federal taxation as domestic corporations for income tax purposes; and (3) increase, for the period between January 1, 2007, and December 31, 2010, the income tax rate for individual taxpayers with adjusted gross incomes of $500,000 or more ($1 million or more for joint returns).

]]> Patriot Corporations of America Act of 2007 Official Title as Introduced To provide Federal contracting preferences for, and a reduction in the rate of income tax imposed on, Patriot corporations, and for other purposes. Introduced in House IH Display Title Patriot Corporations of America Act of 2007 Short Titles as Introduced Patriot Corporations of America Act of 2007 Introduced in House 2007-08-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr3319ih/xml/BILLS-110hr3319ih.xml 2007-08-02 Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, 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. 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.