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  <bill>
    <number>1036</number>
    <updateDate>2023-01-11T13:20:23Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:20:23Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2011-03-11</introducedDate>
    <congress>112</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>From the Congressional Record Online through the Government Publishing Office [<a href='http://www.gpo.gov'>www.gpo.gov</a>]By Mr. BILBRAY:H.R. 1036.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1: The Congress shall havePower To lay and collect Taxes, Duties, Imposts and Excises,to pay the Debts and provide for the common Defense andgeneral Welfare of the United States; but all Duties, Impostsand Excises shall be uniform throughout the United States.[Page H1769]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
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            <name>Referred to</name>
            <date>2011-03-11T14:01:10Z</date>
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        <actionDate>2011-03-11</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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        <text>Introduced in House</text>
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        <actionDate>2011-03-11</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
      <item>
        <bioguideId>B000461</bioguideId>
        <fullName>Rep. Bilbray, Brian P. [R-CA-50]</fullName>
        <firstName>BRIAN</firstName>
        <lastName>BILBRAY</lastName>
        <party>R</party>
        <state>CA</state>
        <middleName>P.</middleName>
        <district>50</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>H001048</bioguideId>
        <fullName>Rep. Hunter, Duncan D. [R-CA-52]</fullName>
        <firstName>Duncan</firstName>
        <lastName>Hunter</lastName>
        <party>R</party>
        <state>CA</state>
        <middleName>D.</middleName>
        <district>52</district>
        <sponsorshipDate>2011-05-05</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Income tax deductions</name>
        </item>
        <item>
          <name>Interest, dividends, interest rates</name>
        </item>
        <item>
          <name>Taxation of foreign income</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2011-03-11</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2011-05-04T17:47:23Z</updateDate>
        <text><![CDATA[ Job Creation and Innovation Investment Act of 2011 - Amends the Internal Revenue Code, with respect to the tax deduction for dividends received from a controlled foreign corporation, to: (1) eliminate limitations on the amount of such deduction, and (2) allow a 100% deduction for companies that reinvest such dividends in a qualified domestic reinvestment plan. Defines &quot;qualified domestic reinvestment plan&quot; as an approved plan for the reinvestment within three years after payment of such dividends in the United States for research and development expenses, expansion of facilities, proof of content centers, early stage venture capital investment, or manufacturing startup costs.]]></text>
      </summary>
    </summaries>
    <title>Job Creation and Innovation Investment Act of 2011</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Job Creation and Innovation Investment Act of 2011</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to allow temporarily a reduced rate of tax with respect to repatriated foreign earnings.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Job Creation and Innovation Investment Act of 2011</title>
      </item>
    </titles>
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        <type>Introduced in House</type>
        <date>2011-03-11T05:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-112hr1036ih/xml/BILLS-112hr1036ih.xml</url>
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        </formats>
      </item>
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    <latestAction>
      <actionDate>2011-03-11</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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