3.0.0 3448 2019-02-20T21:51:10Z 2019-02-24T00:36:25Z House H HR 2011-11-16 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. RENACCI:H.R. 3448.Congress has the power to enact this legislation pursuantto the following:Article I, 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 Defence andgeneral Welfare of the United States; but all Duties, Impostsand Excises shall be uniform throughout the United States.''Article I, Section 8, Clause 18: ``The Congress shall havePower To make all Laws which shall be necessary and properfor carrying into Execution the foregoing Powers, and allother Powers vested by the Constitution in the Government ofthe United States, or in any Department or Officerthereof.'''[Page H7714]]]> hswm00 Ways and Means Committee House Standing Referred to 2011-11-16T15:01:20Z 2011-11-16 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-11-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-11-16 Introduced in House IntroReferral 1000 9 Library of Congress R000586 Rep. Renacci, James B. [R-OH-16] James Renacci R OH B. 16 N C001083 Rep. Carney, John C., Jr. [D-DE-At Large] John Carney D DE C. 0 2011-11-16 True W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2011-11-16 True W000806 Rep. Webster, Daniel [R-FL-8] Daniel Webster R FL 8 2012-04-25 False Taxation Business investment and capital Corporate finance and management Employee hiring Foreign and international corporations Income tax deductions Interest, dividends, interest rates Wages and earnings Taxation

00 2011-11-16 Introduced in House 2012-01-18T21:35:32Z Returning Investment to America Act of 2011 - Amends the Internal Revenue Code to allow an extension of the election allowed to domestic corporations to deduct dividends received from controlled foreign corporations (election may be made for any taxable year beginning before December 31, 2012).  Limits the amount of such deduction in any taxable year to the amount by which the domestic corporation increases its payroll and by the amount of its investment in depreciable business assets.

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Short Titles as Introduced Display Title Official Title as Introduced Introduced in House 2011-11-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3448ih/xml/BILLS-112hr3448ih.xml 2011-11-16 Referred to the House Committee on Ways and Means. 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.