CORPORATIONS

Amendments

Taxation: remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), S8151, S8244 [15JY], H4303, H4347 [17JN]

———remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), consideration (H. Res. 681), H4303 [17JN]

———repeal foreign sales corporation/extraterritorial income (FSC/ETI) tax program and replace with corporate rate deduction for domestic manufacturers (S. 1637), S2073, S2079, S2111, S2112, S2114, S2133, S2135, S2136, S2137, S2138, S2139, S2140, S2141, S2142, S2143, S2167, S2168, S2169 [3MR], S2192, S2206, S2211, S2236, S2245, S2246, S2247, S2248, S2251, S2252 [4MR], S2310, S2311 [8MR], S2571, S2572, S2575, S2578 [10MR], S2738, S2739, S2740, S2751 [11MR], S2851, S2852, S2867, S2868, S2869, S2870, S2871, S2872, S2873, S2874, S2875, S2876, S2934, S2935 [22MR], S2958, S3004, S3005, S3006, S3028, S3030, S3031, S3032, S3033, S3034, S3035, S3036, S3040, S3041, S3042, S3043 [23MR], S3060, S3061, S3097, S3098 [24MR], S3192 [25MR], S3300, S3311 [29MR], S3628, S3633, S3729 [5AP], S3797, S3798, S3799, S3800, S3822, S3826, S3830, S3831, S3832, S3856, S3857 [6AP], S4058 [8AP], S4742, S4752, S4770, S4771 [3MY], S4792, S4806, S4812, S4821, S4846, S4847, S4848, S4849 [4MY], S4861, S4918, S4919 [5MY], S5006 [6MY], S5095, S5096, S5097, S5098, S5099, S5120, S5121, S5155, S5163, S5165, S5166, S5167 [10MY], S5186, S5199, S5213, S5217, S5220, S5237 [11MY]

Analyses

American Jobs Creation Act Provisions on Deductions Relating to Domestic Production Activities Income: Dept. of the Treasury and IRS, E1872 [11OC]

Appointments

Conferees: H.R. 4520, Jumpstart Our Business Strength (JOBS) Act, S8221 [15JY], H7777 [29SE]

Articles and editorials

Boom Times Ahead? LLC Formations Soar, H1203 [17MR]

Dividend Voodoo, S11465 [18NO]

Overtime Improvement, S4796 [4MY]

Sanctions Alter Dynamic on House Tax Bill, H4300 [17JN]

Timeout on Overtime Rule, S4749 [3MY]

We're More Productive. Who Gets the Money?, S4115 [20AP]

Bills and resolutions

Bulgaria: condition U.S. military cooperation on certification that U.S. citizens and corporations are afforded due process of law and that certain U.S. legal decisions have been satisfied (see H.R. 4572), H4170 [15JN]

Business and industry: require employees at call centers who initiate or receive telephone calls to disclose physical location of such employees (see H.R. 3816), H515 [11FE]

———waive liability of companies that make charitable donations of equipment for harm later caused by that equipment (see H.R. 4265), H2548 [4MY]

Buy American Act: amend to increase requirement for American-made content and to tighten waiver provisions (see H.R. 3741), H243 [28JA]

Copyrights: allow creative artists to sue corporations that encourage individuals to commit illegal or criminal acts of copyright infringement (see S. 2560), S7174 [22JN]

Corporate Subsidy Reform Commission: establish (see H.R. 3762), H303 [3FE]

Dept. of Commerce: implement collection and reporting system for information on foreign operations of U.S. corporations and foreign investments of U.S. investors (see S. 2962), S10846 [8OC]

Federal contracts: make expatriated corporations that do business with, or own foreign subsidiaries that do business with, state sponsors of terrorism, or terrorist organizations, ineligible for Federal contracts (see H.R. 4394), H3390 [19MY]

Ford Motor Co.: anniversary (see H.J. Res. 100), H4647 [21JN]

Foreign countries: require corporations to publish what they pay to foreign governments (see H.R. 4125), H2019 [1AP]

Investments: discourage the abuse of stock options by executives of public companies by preventing unjust enrichment through the recapture of profits when shareholders suffer losses (see H.R. 4208), H2371 [22AP]

Taxation: allow a deduction for a portion of any dividend received by a domestic corporation from a qualified foreign corporation (see H.R. 5396), H10078 [19NO]

———clarify that personal service corporations may continue to use the cash method of accounting (see S. 2961), S10846 [8OC]

———deny the foreign tax credit, and benefits of deferral, to companies doing business in Sudan until the Sudanese take steps to end genocide (see H.R. 5414), H10079 [19NO]

———expand list of entities eligible to establish and maintain certain qualified tuition programs (see S. 2223), S2995 [23MR]

———make permanent the reduction in taxes on dividends and capital gains (see S. 2503), S6451 [3JN] (see H.R. 4809), H5470 [9JY]

———reduce recognition period for built-in gains for S corporations (see S. 2604), S7435 [24JN]

———remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (see H.R. 4520), H3784 [4JN]

———remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), consideration (see H. Res. 681), H4286 [16JN]

———remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), consideration of conference report (see H. Res. 830), H8856 [7OC]

———remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), consideration of conference report (H. Res. 830)—same-day consideration (see H. Res. 828), H8407 [6OC]

———repeal foreign sales corporation/extraterritorial income (FSC/ETI) tax program and replace with corporate rate deduction for domestic manufacturers (H.R. 1769), consideration (see H. Res. 534), H633 [25FE]

———repeal personal holding company tax (see H.R. 4138), H2152 [2AP]

———require a study on eliminating Federal taxes on individuals and corporations and replacing the Federal tax code with a transaction fee-based system (see H.R. 3759), H303 [3FE]

———restrict use of abusive tax shelters (see H.R. 4351), H2917 [12MY]

———restrict use of abusive tax shelters and offshore tax havens to inappropriately avoid Federal taxation (see S. 2210), S2778 [12MR]

Cloture motions

Taxation: remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), conference report, S10764 [8OC], S11038 [10OC]

———repeal foreign sales corporation/extraterritorial income (FSC/ETI) tax program and replace with corporate rate deduction for domestic manufacturers (S. 1637), S5045 [7MY], S5184 [11MY]

———repeal foreign sales corporation/extraterritorial income (FSC/ETI) tax program and replace with corporate rate deduction for domestic manufacturers (S. 1637), motion to recommit, S2853 [22MR], S3066 [24MR], S3628 [5AP], S3894 [7AP]

Conference reports

American Jobs Creation Act (H.R. 4520), H8411-H8640 [7OC]

Letters

American Jobs Creation Act: John W. Snow, Sec. of the Treasury, S11030 [10OC]

———Mark W. Everson, IRS, E1872 [11OC]

———Representative English, E1921 [11OC]

———Representative Goodlatte, Committee on Agriculture (House), H4434 [17JN]

———Representative Sensenbrenner, Committee on the Judiciary (House), H4435 [17JN]

———Representative Thomas, Committee on Ways and Means (House), H4434, H4435 [17JN], E1921 [11OC]

Dept. of Labor overtime pay regulations: Senators Enzi and Collins, S4796 [4MY]

Filing of civil actions against repatriated and foreign corporations: Representative Lamar S. Smith, E1839 [8OC]

Jumpstart Our Business Strength (JOBS) Act: Senator Frist, S4448 [28AP]

Lists

Amendments to S. 1637, Jumpstart Our Business Strength (JOBS) Act, S3870 [7AP], S4009 [8AP]

Senate staff assisting with H.R. 4520, American Jobs Creation Act, S11219 [11OC]

Memorandums

Filing of Civil Actions Against Repatriated and Foreign Corporations: Kenneth R. Thomas, Congressional Research Service, E1839 [8OC]

Motions

Taxation: remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), H4408 [17JN], H7749 [29SE]

———repeal foreign sales corporation/extraterritorial income (FSC/ETI) tax program and replace with corporate rate deduction for domestic manufacturers (S. 1637), S2853 [22MR], S3628 [5AP], S4820 [4MY], S4894 [5MY], S5185 [11MY]

Remarks in House

Coca-Cola Co.: U.S. Hispanic Chamber of Commerce Corporation of the Year Award recipient, E1914 [11OC]

Courts: allow filing of civil actions against repatriated and foreign corporations, H7081-H7084, H7105, H7107, H7118, H7119 [14SE], E1839 [8OC]

Dept. of Homeland Security: prohibit certain expatriated corporations from being eligible for the award of Federal contracts, H4195, H4196, H4201 [16JN], H4519, H4523-H4531 [18JN]

Depts. of Transportation and the Treasury, and independent agencies: prohibit corporations incorporated in certain foreign countries from being eligible for the award of Federal contracts, H7178, H7179 [14SE]

Eximbank: prohibit funding to approve loan guarantees to businesses reincorporating overseas, H5874-H5878 [15JY]

Halliburton Co.: business dealings with Iran, H1729 [30MR]

News media: impact of corporate control of news media outlets, H2720 [6MY]

Petroleum: relationship between U.S. political leaders and oil industry corporations and organizations, H3968 [15JN], H4294 [17JN]

Taxation: allow a bonus deduction for depreciable business assets, E1506 [22JY]

———permit consolidation of life insurance companies with other companies (H.R. 2228), H6479 [21JY]

———prevent corporations from avoiding the U.S. income tax by reincorporating in a foreign country (H.R. 737), H1375 [24MR]

———remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), H4291, H4292, H4293, H4294, H4305, H4393-H4433 [17JN], H7749 [29SE], E1182, E1187, E1189 [18JN], E1220 [23JN], E1393 [16JY], E1506 [22JY]

———remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), conference report, H8711-H8726 [7OC], E1852 [10OC], E1909, E1914, E1917, E1918, E1921, E1923, E1940, E1945, E1950 [11OC], E2150 [6DE]

———remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), consideration (H. Res. 681), H4295-H4305 [17JN]

———remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), consideration of conference report (H. Res. 830), H8704-H8711 [7OC]

———remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), consideration of conference report (H. Res. 830)—same-day consideration (H. Res. 828), H8651-H8658 [7OC]

———remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), motion to instruct conferees, H7750-H7757 [29SE]

———remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), motion to recommit, H4431-H4433 [17JN]

———repeal foreign sales corporation/extraterritorial income (FSC/ETI) tax program and replace with corporate rate deduction for domestic manufacturers, H4296-H4305, H4393-H4408, H4431 [17JN], H8656, H8720, H8722 [7OC]

———repeal foreign sales corporation/extraterritorial income (FSC/ETI) tax program and replace with corporate rate deduction for domestic manufacturers (H.R. 1769), H1645 [30MR], H3568 [1JN], H3750 [3JN], H3935, H3945-H3947, H3952 [14JN], E1182 [18JN]

———repeal personal holding company tax (H.R. 4138), E518 [2AP]

———require a study on eliminating Federal taxes on individuals and corporations and replacing the Federal tax code with a transaction fee-based system (H.R. 3759), H256 [3FE]

Texas Instruments Inc.: Working Mother (publication) 100 Best Companies for Working Mothers designation, E1878 [11OC]

Tobacco products: eliminate quotas and price supports, provide transition assistance for producers, protect markets, quality, and availability, and establish a trust fund to finance such actions (H.R. 3160), H495 [11FE], H2922 [13MY]

Tyco International, Ltd.: avoidance of U.S. income tax by reincorporating in a foreign country, H1375 [24MR]

Remarks in Senate

American Jobs Creation Act: recusal by Senator Kohl from votes due to conflict of interest, S11033 [10OC]

Business and industry: prohibit U.S. companies from setting up foreign subsidiaries for purposes of doing business with terror-sponsoring nations, S5522 [17MY], S5774-S5777, S5781, S5784, S5785 [19MY], S10017 [30SE]

———relocation to foreign countries, S11356 [16NO]

———require employees at call centers who initiate or receive telephone calls to disclose physical location of such employees (S. 1873), S3520 [1AP]

Committee on Finance (Senate): tribute to staff for efforts on S. 1637, Jumpstart Our Business Strength (JOBS) Act, S5218 [11MY]

Copyrights: allow creative artists to sue corporations that encourage individuals to commit illegal or criminal acts of copyright infringement (S. 2560), S7189-S7193 [22JN]

Dana Corp.: anniversary, S3565 [1AP]

European Union: tariffs on U.S. exports of agricultural, manufacturing, and timber products, S3061, S3062, S3072-S3076 [24MR], S3520, S3525 [1AP]

Fair Labor Standards Act: clarify provisions relating to overtime pay, S4732-S4734, S4742-S4752 [3MY], S4781, S4788-S4794, S4796-S4806 [4MY], S4854 [5MY], S7266 [23JN], S8173, S8219, S8220 [15JY]

National objectives: priority assignments, S2066-S2068 [3MR]

Taxation: accelerate phase in of corporate rate deduction for domestic manufacturers, S2212-S2215 [4MR]

———encourage investing of foreign earnings within the U.S. for productive business purposes, S3321 [30MR], S4883, S4884 [5MY]

———encourage investing of foreign earnings within the U.S. for productive business purposes (S. 596), S3054 [24MR]

———formula used to calculate the financial statement limitation for computing the amount of permanently reinvested earnings eligible for repatriation, S11036 [10OC]

———limit amount of deferred foreign sales corporation income that can be repatriated at a lower rate, S4861-S4868, S4883, S4884 [5MY]

———make permanent the reduction in taxes on dividends and capital gains (S. 2503), S6457 [3JN]

———prevent corporations from avoiding the U.S. income tax by reincorporating in a foreign country, S3740 [6AP]

———rates, S4116, S4117 [20AP], S11465-S11468 [18NO]

———reduce recognition period for built-in gains for S corporations (S. 2604), S7483 [24JN]

———remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), S8150-S8178, S8199, S8217-S8221 [15JY], S8402 [16JY], S9519 [22SE], S9558 [23SE], S10394, S10402, S10410 [5OC], S10547 [6OC]

———remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), conference report, S10624 [7OC], S10791-S10793, S10795-S10807, S10815, S10816 [8OC], S10928-S10932, S10934-S10945, S10957-S10960, S10962-S10978 [9OC], S11012, S11019-S11045, S11047-S11050, S11052-S11055, S11060-S11063, S11084-S11087 [10OC], S11191-S11222, S11235, S11237, S11243, S11244, S11246, S11249, S11303 [11OC]

———remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), conference report—unanimous-consent agreement, S11068 [10OC]

———remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), unanimous-consent agreement, S8104, S8105 [14JY]

———repeal foreign sales corporation/extraterritorial income (FSC/ETI) tax program and replace with corporate rate deduction for domestic manufacturers, S10957-S10960 [9OC], S11194 [11OC]

———repeal foreign sales corporation/extraterritorial income (FSC/ETI) tax program and replace with corporate rate deduction for domestic manufacturers (S. 1637), S2025-S2102, S2171-S2173 [3MR], S2188-S2218 [4MR], S2827 [12MR], S2839, S2842-S2846, S2848-S2853, S2936, S2937 [22MR], S2947, S2963-S2982 [23MR], S3052-S3055, S3060-S3076, S3082-S3092, S3116, S3117 [24MR], S3205-S3207 [26MR], S3269, S3288, S3289 [29MR], S3321 [30MR], S3389 [31MR], S3520, S3521, S3525, S3526, S3527 [1AP], S3738-S3741, S3766-S3768, S3774-S3777 [6AP], S3870, S3888, S3891-S3895, S3907-S3909, S3912-S3914 [7AP], S3964, S4009, S4059, S4060 [8AP], S4143 [20AP], S4446, S4448, S4449 [28AP], S4679 [29AP], S4732-S4734, S4737-S4760 [3MY], S4779, S4781, S4787, S4805-S4822 [4MY], S4854, S4861-S4885, S4888-S4898 [5MY], S4941, S4982-S4987 [6MY], S5031, S5038, S5044 [7MY], S5184-S5220 [11MY], S5242, S5361-S5363 [12MY], S5739 [19MY], S5897 [20MY], S7740 [7JY], S7901 [9JY], S7941 [12JY], S7951 [13JY], S8985 [9SE]

———repeal foreign sales corporation/extraterritorial income (FSC/ETI) tax program and replace with corporate rate deduction for domestic manufacturers (S. 1637), cloture motion, S5045-S5047 [7MY], S5051, S5054-S5056, S5059 [10MY], S5172, S5179-S5184 [11MY]

———repeal foreign sales corporation/extraterritorial income (FSC/ETI) tax program and replace with corporate rate deduction for domestic manufacturers (S. 1637), motion to recommit, S2958-S2963, S2982-S2984 [23MR], S3062-S3066 [24MR], S3628 [5AP]

———repeal foreign sales corporation/extraterritorial income (FSC/ETI) tax program and replace with corporate rate deduction for domestic manufacturers (S. 1637), unanimous-consent agreement, S1972 [2MR], S2072 [3MR], S2851, S2853 [22MR], S4008 [8AP], S4795 [4MY], S5167 [10MY], S8104, S8105 [14JY]

———replace manufacturers' deduction based on domestic production with manufacturing employers' credit based on payroll taxes, S4793 [4MY], S4874-S4883, S4885 [5MY]

———restrict use of abusive tax shelters and offshore tax havens to inappropriately avoid Federal taxation (S. 2210), S2779-S2782 [12MR]

———restrict use of abusive tax shelters to inappropriately avoid Federal taxation, S5214-S5216 [11MY]

———treatment of certain business aircraft, S10976, S10977 [9OC]

———treatment of certain business expenses, S10976, S10977 [9OC]

———treatment of certain offshore corporations and qualified production activities income, S5194-S5199 [11MY]

———treatment of companies that manufacture products in foreign countries, S2101 [3MR]

———treatment of interest on certain borrowing, S3090 [24MR]

Veterans: health care funding through reductions in excess profits and assessment of penalties against certain contractors doing business in Iraq, S2679-S2681 [11MR]

Reports filed

American Jobs Creation Act: Committee of Conference (H.R. 4520) (H. Rept. 108-755), H8856 [7OC]

———Committee on Ways and Means (House) (H.R. 4520) (H. Rept. 108-548), H4286 [16JN]

Consideration of Conference Report on H.R. 4520, American Jobs Creation Act: Committee on Rules (House) (H. Res. 830) (H. Rept. 108-762), H8856 [7OC]

Consideration of H.R. 4520, American Jobs Creation Act: Committee on Rules (House) (H. Res. 681) (H. Rept. 108-549), H4286 [16JN]

Jumpstart Our Business Strength (JOBS) Act: Committee on Finance (Senate) (S. 1637), S4023 [8AP]

Same-Day Consideration of H. Res. 830, Consideration of Conference Report on H.R. 4520, American Jobs Creation Act: Committee on Rules (House) (H. Res. 828) (H. Rept. 108-752), H8407 [6OC]

Securities Fraud Deterrence and Investor Restitution Act: Committee on Financial Services (House) (H.R. 2179), H2405 [27AP]

Rulings of the Chair

Taxation: remove impediments to make manufacturing, service, and high-technology businesses more competitive and productive (H.R. 4520), H7751 [29SE]

Statements

American Jobs Creation Act: Executive Office of the President, H4403 [17JN]

NGA Supports Reasonable Extension of the Internet Tax Freedom Act: National Governors Association, S4418 [27AP], S4640 [29AP]

Summaries

Corporate Reinvestment of Profits: Eileen Appelbaum, Rutgers University, S4749 [3MY]

Tax Shelter and Tax Haven Reform Act (S. 2210), S2782 [12MR]

Tables

European Union tariffs on U.S. exports of agricultural, manufacturing, and timber products, S3072 [24MR]

Texts of

H. Res. 681, consideration of H.R. 4520, American Jobs Creation Act, H4295 [17JN]

H. Res. 828, same-day consideration of H. Res. 830, consideration of conference report on H.R. 4520, American Jobs Creation Act, H8651 [7OC]

H. Res. 830, consideration of conference report on H.R. 4520, American Jobs Creation Act, H8704 [7OC]

H.R. 4520, American Jobs Creation Act, H4306-H4347 [17JN]

H.R. 4520, Jumpstart Our Business Strength (JOBS) Act, S8281-S8399 [16JY]

S. 1637, Jumpstart Our Business Strength (JOBS) Act, S2025-S2063 [3MR], S5622-S5726 [18MY]

S. 2210, Tax Shelter and Tax Haven Reform Act, S2783-S2790 [12MR]

S. 2223, expand list of entities eligible to establish and maintain certain qualified tuition programs, S2997 [23MR]

S. 2560, Inducing Infringement of Copyrights Act, S7192 [22JN]

S. 2604, reduce recognition period for built-in gains for S corporations, S7483 [24JN]