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    <number>3157</number>
    <updateDate>2023-01-11T13:22:08Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:22:08Z</updateDateIncludingText>
    <originChamber>House</originChamber>
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    <type>HR</type>
    <introducedDate>2011-10-12</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. NEAL:H.R. 3157.Congress has the power to enact this legislation pursuantto the following:Congress has the power to enact this legislation pursuantto Clause 1 of Section 8 of Article I and the 16th Amendmentto the U.S. Constitution.[Page H6854]</pre>]]></constitutionalAuthorityStatementText>
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            <date>2011-10-12T14:00:29Z</date>
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        <title>A bill to amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates.</title>
        <congress>112</congress>
        <number>1693</number>
        <type>S</type>
        <latestAction>
          <actionDate>2011-10-12</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
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        <actionDate>2011-10-12</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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        <actionDate>2011-10-12</actionDate>
        <text>Sponsor introductory remarks on measure. (CR E1822-1823)</text>
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        <bioguideId>N000015</bioguideId>
        <fullName>Rep. Neal, Richard E. [D-MA-2]</fullName>
        <firstName>RICHARD</firstName>
        <lastName>NEAL</lastName>
        <party>D</party>
        <state>MA</state>
        <middleName>E.</middleName>
        <district>2</district>
        <isByRequest>N</isByRequest>
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    <cosponsors>
      <item>
        <bioguideId>P000096</bioguideId>
        <fullName>Rep. Pascrell, Bill, Jr. [D-NJ-8]</fullName>
        <firstName>WILLIAM</firstName>
        <lastName>PASCRELL</lastName>
        <party>D</party>
        <state>NJ</state>
        <middleName>J.</middleName>
        <district>8</district>
        <sponsorshipDate>2011-10-12</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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    <policyArea>
      <name>Taxation</name>
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    <subjects>
      <legislativeSubjects>
        <item>
          <name>Corporate finance and management</name>
        </item>
        <item>
          <name>Insurance industry and regulation</name>
        </item>
        <item>
          <name>Life, casualty, property insurance</name>
        </item>
        <item>
          <name>Tax administration and collection, taxpayers</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
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    </subjects>
    <summaries>
      <summary>
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        <actionDate>2011-10-12</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2011-10-27T22:07:07Z</updateDate>
        <text><![CDATA[ <p>Amends the Internal Revenue Code to exclude from the taxable income of a life insurance company or other insurance company: (1) any non-taxed reinsurance premium; (2) any additional amount paid by an insurance company with respect to the reinsurance for which such non-taxed reinsurance premium is paid; and (3) any return premium, ceding commission, reinsurance recovered, or other amount received by an insurance company with respect to the reinsurance for which such non-taxed reinsurance premium is paid. </p>]]></text>
      </summary>
    </summaries>
    <title>To amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates.</title>
    <titles>
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        <titleType>Display Title</titleType>
        <title>To amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates.</title>
      </item>
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        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
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    <textVersions>
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        <type>Introduced in House</type>
        <date>2011-10-12T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-112hr3157ih/xml/BILLS-112hr3157ih.xml</url>
          </item>
        </formats>
      </item>
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    <latestAction>
      <actionDate>2011-10-12</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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