[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. Res. 680 Agreed to Senate (ATS)]







110th CONGRESS
  2d Session
S. RES. 680

To authorize the production of records by the Permanent Subcommittee on 
 Investigations of the Committee on Homeland Security and Governmental 
                                Affairs


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

           September 24 (legislative day, September 17), 2008

   Mr. Reid (for himself and Mr. McConnell) submitted the following 
             resolution; which was considered and agreed to

_______________________________________________________________________

                               RESOLUTION


 
To authorize the production of records by the Permanent Subcommittee on 
 Investigations of the Committee on Homeland Security and Governmental 
                                Affairs

Whereas, the Permanent Subcommittee on Investigations of the Committee on 
        Homeland Security and Governmental Affairs conducted an investigation 
        into how financial institutions have designed, marketed, and implemented 
        transactions intended to enable foreign taxpayers to avoid taxes on U.S. 
        stock dividends;
Whereas, the Subcommittee has received requests from law enforcement and 
        regulatory agencies for access to records of the Subcommittee's 
        investigation;
Whereas, by the privileges of the Senate of the United States and Rule XI of the 
        Standing Rules of the Senate, no evidence under the control or in the 
        possession of the Senate can, by administrative or judicial process, be 
        taken from such control or possession but by permission of the Senate;
Whereas, when it appears that evidence under the control or in the possession of 
        the Senate is needed for the promotion of justice, the Senate will take 
        such action as will promote the ends of justice consistent with the 
        privileges of the Senate: Now, therefore, be it
    Resolved, That the Chairman and Ranking Minority Member of the 
Permanent Subcommittee on Investigations of the Committee on Homeland 
Security and Governmental Affairs, acting jointly, are authorized to 
provide to law enforcement officials, regulatory agencies, and other 
entities or individuals duly authorized by federal, state, or foreign 
governments, records of the Subcommittee's investigation into how 
financial institutions have designed, marketed, and implemented 
transactions intended to enable foreign taxpayers to avoid taxes on 
U.S. stock dividends.
                                 <all>