[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 831 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 831

   To amend chapter 8 of title 5, United States Code, to provide for 
 congressional review of any rule promulgated by the Internal Revenue 
    Service that increases Federal revenue, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              June 5, 1997

Mr. Shelby  (for himself, Mr. Bond, Mr. Hagel, Mr. Hutchinson, and Mr. 
  Coverdell) introduced the following bill; which was read twice and 
           referred to the Committee on Governmental Affairs

_______________________________________________________________________

                                 A BILL


 
   To amend chapter 8 of title 5, United States Code, to provide for 
 congressional review of any rule promulgated by the Internal Revenue 
    Service that increases Federal revenue, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CONGRESSIONAL REVIEW OF INTERNAL REVENUE SERVICE RULES THAT 
              INCREASE REVENUE.

    (a) Short Title.--This Act may be cited as the ``Stealth Tax 
Prevention Act''.
    (b) In General.--Section 804(2) of title 5, United States Code, is 
amended to read as follows:
            ``(2) The term `major rule'--
                    ``(A) means any rule that--
                            ``(i) the Administrator of the Office of 
                        Information and Regulatory Affairs of the 
                        Office of Management and Budget finds has 
                        resulted in or is likely to result in--
                                    ``(I) an annual effect on the 
                                economy of $100,000,000 or more;
                                    ``(II) a major increase in costs or 
                                prices for consumers, individual 
                                industries, Federal, State, or local 
                                government agencies, or geographic 
                                regions; or
                                    ``(III) significant adverse effects 
                                on competition, employment, investment, 
                                productivity, innovation, or on the 
                                ability of United States-based 
                                enterprises to compete with foreign-
                                based enterprises in domestic and 
                                export markets; or
                            ``(ii)(I) is promulgated by the Internal 
                        Revenue Service; and
                            ``(II) the Administrator of the Office of 
                        Information and Regulatory Affairs of the 
                        Office of Management and Budget finds that the 
                        implementation and enforcement of the rule has 
                        resulted in or is likely to result in any net 
                        increase in Federal revenues over current 
                        practices in tax collection or revenues 
                        anticipated from the rule on the date of the 
                        enactment of the statute under which the rule 
                        is promulgated; and
                    ``(B) does not include any rule promulgated under 
                the Telecommunications Act of 1996 and the amendments 
                made by that Act.''.
                                 <all>