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    <number>2862</number>
    <updateDate>2023-01-11T13:24:28Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:24:28Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2013-07-30</introducedDate>
    <congress>113</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. MATHESON:H.R. 2862.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the U.S. Constitution[Page H5174]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
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            <name>Referred to</name>
            <date>2013-07-30T16:02:20Z</date>
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    <relatedBills>
      <item>
        <title>Bowles-Simpson Plan of Lowering America's Debt Act</title>
        <congress>113</congress>
        <number>243</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2013-01-14</actionDate>
          <text>Referred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Government Reform, House Administration, Rules, and the Budget, 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>
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      <item>
        <actionDate>2013-07-30</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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            <name>Ways and Means Committee</name>
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        <actionDate>2013-07-30</actionDate>
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    <sponsors>
      <item>
        <bioguideId>M001142</bioguideId>
        <fullName>Rep. Matheson, Jim [D-UT-4]</fullName>
        <firstName>JIM</firstName>
        <lastName>MATHESON</lastName>
        <party>D</party>
        <state>UT</state>
        <district>4</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Corporate finance and management</name>
        </item>
        <item>
          <name>Income tax deductions</name>
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        <item>
          <name>Interest, dividends, interest rates</name>
        </item>
        <item>
          <name>Taxation of foreign income</name>
        </item>
        <item>
          <name>Unemployment</name>
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      <policyArea>
        <name>Taxation</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2013-07-30</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2013-08-13T20:48:05Z</updateDate>
        <text><![CDATA[ <p>Freedom to Invest Act of 2013 - Amends the Internal Revenue Code to: (1) extend the election allowed to a U.S. corporation to deduct dividends received from a controlled foreign corporation to the corporation's last taxable year beginning before the enactment of this Act or the first taxable year beginning during the one-year period beginning on such enactment date, and (2) reduce the amount of such tax deduction for corporations that fail to maintain specified employment levels for full-time U.S. employees.</p>]]></text>
      </summary>
    </summaries>
    <title>Freedom to Invest Act of 2013</title>
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        <titleType>Display Title</titleType>
        <title>Freedom to Invest Act of 2013</title>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to allow a temporary dividends received deduction for 2013 or 2014.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <title>Freedom to Invest Act of 2013</title>
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        <type>Introduced in House</type>
        <date>2013-07-30T04:00:00Z</date>
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    <latestAction>
      <actionDate>2013-07-30</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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