To prevent the Secretary of the Treasury from expanding United States bank reporting requirements with respect to interest on deposits paid to nonresident aliens.

3.0.0 2299 2023-01-11T13:24:52Z 2023-01-11T13:24:52Z House H HR 2013-06-06 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. POSEY:H.R. 2299.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the Constitution of theUnited States:The Congress shall have Power To lay and collect Taxes,Duties, Imposts and Excises, to pay the Debts and provide forthe common Defence and general Welfare of the United States;but all Duties, Imposts and Excises shall be uniformthroughout the United States;Article I, Section 8, Clause 18 of the Constitution of theUnited States:The Congress shall have Power to make all Laws which shallbe necessary and proper for carrying into Execution theforgoing Powers, and all other Powers vested by thisConstitution in the Government of the United States or in anyDepartment or Officer thereof.Amendment XVI of the Constitution of the United States:The Congress shall have power to lay and collect taxes onincomes, from whatever source derived, without apportionmentamong the several States, and without regard to any census orenumeration.[Page H3252]]]> hswm00 Ways and Means Committee House Standing Referred to 2013-06-06T13:02:25Z 2013-06-06 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2013-06-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-06-06 Introduced in House IntroReferral 1000 9 Library of Congress P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 N H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2013-06-06 True M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2013-06-06 True G000573 Rep. Garcia, Joe [D-FL-26] Joe Garcia D FL 26 2013-06-06 True Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Business records Department of the Treasury Government information and archives Interest, dividends, interest rates Finance and Financial Sector

00 2013-06-06 Introduced in House 2013-07-17T19:02:41Z Prohibits the Secretary of the Treasury from requiring a payor of interest to file an information return on interest that is not effectively connected with a trade or business within the United States and that is paid to a nonresident alien on a deposit maintained at an office within the United States.

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To prevent the Secretary of the Treasury from expanding United States bank reporting requirements with respect to interest on deposits paid to nonresident aliens. Display Title To prevent the Secretary of the Treasury from expanding United States bank reporting requirements with respect to interest on deposits paid to nonresident aliens. Official Title as Introduced To prevent the Secretary of the Treasury from expanding United States bank reporting requirements with respect to interest on deposits paid to nonresident aliens. Introduced in House IH Introduced in House 2013-06-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr2299ih/xml/BILLS-113hr2299ih.xml 2013-06-06 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.