CORPORATIONS

Amendments

Antitrust policy: require companies to file a premerger notification with the Dept. of Justice or the FTC if the size of the transaction exceeds certain monetary thresholds (S. 1854), S10834, S10849 [19OC]

SEC: limit collection of certain fees and adjust compensation for employees (S. 2107), S6867 [14JY]

Taxation: repeal the exclusion of certain income of foreign sales corporations (H.R. 4986), S11451, S11497 [1NO], H11881 [14NO]

Articles and editorials

Beware Plausible Protectionists, S8542 [14SE]

Gore's War on Business, S8541 [14SE]

Tax Analysts Special Report—Foreign Sales Corporation Beneficiaries—A Profile, E1535 [20SE]

Tobacco Exports Get Aid in Bill Set for House Vote, H7427 [12SE]

U.S., EU Risk Trade War Over Export Tax Shelters—Europe Is Likely To Seek the WTO's Permission To Levy Punitive Tariffs, H7429 [12SE]

Bills and resolutions

Computers: encourage disclosure and exchange of information relative to cyber security of critical infrastructure (see S. 3188), S10252 [11OC] (see H.R. 4246), H2238 [12AP]

Employment: require U.S. nationals employing more than 20 persons in a foreign country to implement a corporate code of conduct relative to the employment of those persons (see H.R. 4596), H4035 [7JN]

Political campaigns: disclosure of information on the financing of campaigns for Federal elections (see H.R. 5507), H10472 [19OC]

SEC: limit collection of certain fees and adjust compensation for employees (see S. 2107), S867 [28FE]

Taxation: allow tax credit for public transportation expenses and reduce corporate welfare (see H.R. 3538), H49 [27JA]

———clarify that personal service corporations may continue to use the cash method of accounting (see H.R. 4383), H2605 [4MY]

———prevent companies from reinsuring income in Bermuda or other tax havens to avoid paying U.S. income tax (see H.R. 4192), H1851 [5AP]

———provide for an election for special tax treatment of certain S corporation conversions (see H.R. 3851), H756 [8MR]

———reduce tax benefits for foreign corporations (see H.R. 4133), H1628 [30MR]

———repeal the exclusion of certain income of foreign sales corporations (see H.R. 4256), H2238 [12AP] (see H.R. 4986), H7205 [27JY]

———treatment of distributions from publicly traded partnerships (see S. 2949), S7839 [27JY]

———treatment of net capital gain of closely held corporations (see H.R. 5569), H11206 [26OC]

Treaties and agreements: support and adhere to the Global Sullivan Principles of Corporate Social Responsibility (see S. Res. 290), S2617 [12AP]

Explanations

FSC Repeal and Extraterritorial Income Exclusion Act (H.R. 4986): Senate Amendment, H11885-H11891 [14NO]

Letters

FSC Repeal and Extraterritorial Income Exclusion Act: Lawrence H. Summers, Sec. of the Treasury, H11892 [14NO]

———several Representatives, E1480 [14SE]

———Stuart E. Eizenstat, Dept. of the Treasury, H7422 [12SE]

IRS enforcement of pension age discrimination laws relative to conversion of defined benefit plans to cash balance plans: Horace B. Deets, AARP, H6689 [20JY]

———Karen W. Ferguson and Karen Friedman, Pension Rights Center, H6689 [20JY]

Pension Benefits Protection and Preservation Act: several Representatives, H854-H856 [9MR]

Provide wage-based tax credits in Puerto Rico: several Representatives, H6839 [25JY]

Railroad Competition and Service Improvement Act: several corporate executives, S9887-S9889 [5OC]

Messages

Investment Treaty With Azerbaijan: President Clinton, S8426 [12SE]

Protocol Amending Investment Treaty With Panama: President Clinton, S8426 [12SE]

Press releases

New NAM Report on Manufacturing Trade Finds NAFTA Responsible for Half of U.S. Export Growth in 2000: National Association of Manufacturers, S8541 [14SE]

Remarks in House

Computers: encourage disclosure and exchange of information relative to cyber security of critical infrastructure (H.R. 4246), E545 [12AP]

Foreign trade: access of U.S. business to markets, H154-H157 [1FE]

———national objectives priority assignments, E2076 [3NO]

Great Lakes: prohibit the sale or diversion of water to foreign countries, businesses, corporations, and individuals, H11828 [3NO]

Health: ethical standards of health care facilities and medical corporations, E1269 [19JY]

IRS: enforce pension age discrimination laws relative to conversion of defined benefit plans to cash balance plans, H6689-H6692 [20JY]

Pensions: protect benefits of employees in defined benefit plans and enforce age discrimination requirements relative to tax legislation on defined benefit plans becoming cash balance plans (H.R. 2902), H853 [9MR]

Pitney Bowes, Inc.: Blinded American Veterans Foundation Corporate Award recipient, E1358, E1361 [27JY]

Puerto Rico: provide wage-based tax credits (H.R. 2138), H6839 [25JY], E1363 [27JY]

Taxation: clarify that personal service corporations may continue to use the cash method of accounting (H.R. 4383), E646 [4MY]

———exclusion of certain income of foreign sales corporations, E1999 [28OC]

———prevent companies from reinsuring income in Bermuda or other tax havens to avoid paying U.S. income tax (H.R. 4192), E504 [6AP]

———provide additional retirement savings opportunities for small employers and self-employed individuals, H6510, H6524 [19JY], E1302 [21JY]

———repeal the exclusion of certain income of foreign sales corporations (H.R. 4986), H7377-H7379, H7416-H7431 [12SE], H11881-H11899 [14NO], E1465, E1472 [13SE], E1480 [14SE], E1536 [20SE]

———treatment of net capital gain of closely held corporations (H.R. 5569), E1955 [26OC]

Remarks in Senate

Antitrust policy: require companies to file a premerger notification with the Dept. of Justice or the FTC if the size of the transaction exceeds certain monetary thresholds, S11240 [27OC], S11872 [15DE]

———require companies to file a premerger notification with the Dept. of Justice or the FTC if the size of the transaction exceeds certain monetary thresholds (S. 1854), S10848-S10850 [19OC], S10920 [24OC], S10989 [25OC]

Business and industry: condition eligibility for risk insurance provided by Eximbank or OPIC on certifying that no transfer of advanced technology or production facilities to the People's Republic of China has occured, S8553-S8557, S8559 [14SE]

Computers: encourage disclosure and exchange of information relative to cyber security of critical infrastructure (S. 3188), S10256 [11OC]

European Union: World Trade Organization ruling on export subsidies, S11454, S11455, S11457-S11459 [1NO]

Federal aid programs: review, reform, and terminate unnecessary and inequitable Federal subsidies (S. 1977), sequential referral, S301 [2FE]

Foreign trade: access of U.S. business to markets, S1446 [20MR]

Pensions: protection of workers whose employers convert from defined benefits to cash balance pension plans, S2415 [7AP], S2610 [12AP]

SEC: require corporations to disclose foreign investment information, S8396 [12SE], S8539-S8544 [14SE]

Small business: impact of large corporate legal actions on small business operations, S520 [9FE]

Taxation: repeal the exclusion of certain income of foreign sales corporations, S11326 [29OC]

———repeal the exclusion of certain income of foreign sales corporations (H.R. 4986), S11450-S11455, S11457-S11459 [1NO]

———repeal the exclusion of certain income of foreign sales corporations (H.R. 4986), unanimous-consent request, S9445 [28SE], S9823 [4OC]

Treaties and agreements: removal of injunction of secrecy, S8426 [12SE]

Reports filed

Competitive Market Supervision Act: Committee on Banking, Housing, and Urban Affairs (Senate) (S. 2107) (S. Rept. 106-360), S7542 [25JY]

Fairness in Securities Transactions Act: Committee on Commerce (House) (H.R. 2441) (H. Rept. 106-1034), H12534 [2JA]

FSC Repeal and Extraterritorial Income Exclusion Act: Committee on Finance (Senate) (H.R. 4986) (S. Rept. 106-416), S8822 [20SE]

———Committee on Ways and Means (House) (H.R. 4986) (H. Rept. 106-845), H7577 [13SE]

Statements

FSC Repeal and Extraterritorial Income Exclusion Act: OMB, H11892 [14NO]

———Representative Doggett, H7426 [12SE]

———Representatives Doggett, John Lewis, and Stark, H7426 [12SE]

Texts of

H.R. 4986, FSC Repeal and Extraterritorial Income Exclusion Act, S11451-S11454 [1NO], H7416-H7419 [12SE], H11881-H11884 [14NO]

S. 1854, 21st Century Acquisition Reform and Improvement Act, S10848, S10849 [19OC]

S. Res. 290, support and adhere to the Global Sullivan Principles of Corporate Social Responsibility, S2640 [12AP]