CORPORATIONS

Articles and editorials

Exxon Chairman Got Retirement Package Worth at Least $398 Million, H1816 [26AP]

Exxon Posts Another Record Profit—Political Heat May Rise as Industry Earnings Soar; Net of $80,842 a Minute, H1816 [26AP]

How To Soak the Rich (the George Bush Way), S4408 [11MY]

Quarterly Profit Tops $8 Billion at Exxon Mobil, H1955 [2MY]

Bills and resolutions

Bankruptcy: reform executive compensation in corporate bankruptcies (see S. 2556), S3211 [6AP] (see H.R. 5113), H1676 [6AP]

Business and industry: encourage major petroleum products companies to incorporate LIHEAP into their corporate citizenship and responsibility programs (see H. Res. 694), H389 [16FE]

———require employees at call centers who initiate or receive telephone calls to disclose physical location of such employees (see S. 2553), S2901 [5AP] (see H.R. 4932), H867 [9MR]

———require U.S. nationals that employ individuals in a foreign country to provide full transparency and disclosure in all their operations (see H.R. 5376), H2585 [11MY]

———require U.S. nationals that employ more than twenty persons in a foreign country to implement a Corporate Code of Conduct (see H.R. 5377), H2585 [11MY]

Government regulations: reduce burdens of implementing internal auditing control requirements of companies subject to securities laws (see S. 2824), S4695 [17MY] (see H.R. 5405), H2705 (see H.R. 5405), H2757 [17MY]

———require income reported to the IRS to be included in annual reports to the SEC (see H.R. 5469), H3225 [24MY]

Immigration: promote economic competition through policy reforms (see S. 2691), S3893 [2MY]

National Corporate Compliance and Ethics Week: designate (see S. Res. 434), S3212 [6AP]

National security: enhance effectiveness of the investigations of certain mergers, acquisitions, and takeovers for national security implications (see H.R. 4929), H867 [9MR]

———implement certain recommendations relative to review of certain mergers, acquisitions, or takeovers by or with any foreign person (see H.R. 4915), H866 [9MR]

———improve national security and clarify congressional intent relative to the review process for certain mergers and acquisitions (see H.R. 4813), H449 [28FE]

———require the President or the Committee on Foreign Investment in the U.S. to submit reports on national security related investigations and to address mandatory investigations by such committee (see S. 2442), S2313 [16MR]

———suspend all proposed mergers, acquisitions, or takeovers by foreign persons until certain determinations are made (see H.R. 4814), H449 [28FE]

———transfer authority to review certain mergers, acquisitions, and takeovers of U.S. entities by foreign entities to a designee established within the Dept. of Homeland Security (see S. 2400), S2027 [13MR]

Native Americans: treatment of actual rental proceeds from leases of land acquired under a program providing agricultural loans to Indian tribes and tribal corporations (see H.R. 5779), H5128 [12JY]

Taxation: extend and expand relief from the alternative minimum tax and repeal the extension of the lower rates for capital gains and dividends (see S. 2826), S4695 [17MY]

———permit startup partnerships and S corporations to elect taxable years other than required years (see S. 2462), S2467 [28MR]

———provide Federal contracting preferences for, and a reduction in income tax rates on, patriot corporations (see H.R. 5699), H4794 [28JN]

———reduce certain tax benefits allowable to profitable large corporations which make certain workforce reductions (see H.R. 5378), H2585 [11MY]

———repeal the transition and grandfather provisions relating to foreign sales corporations and extraterritorial income (see H.R. 4909), H790 [8MR]

Memorandums

Alternative Minimum Tax Effects: George Yin, Committee on Taxation (Joint), S497 [2FE]

Oil Company Financial Data: Robert Pirog, Congressional Research Service, S7263 [10JY]

Remarks in House

Bankruptcy: reform executive compensation in corporate bankruptcies (H.R. 5113), E545 [6AP]

Depts. of Transportation, the Treasury, and HUD, the Judiciary, District of Columbia, and independent agencies: prohibit corporations incorporated in certain foreign countries from being eligible for Federal contracts, H3918-H3920 [14JN]

EcoMedia (company): tribute to EcoZone program, E1219 [21JN]

Kawneer Co., Inc.: anniversary, E734 [5MY]

National security: enhance effectiveness of the investigations of certain mergers, acquisitions, and takeovers for national security implications, H982, H985-H987 [15MR]

———implement certain recommendations relative to review of certain mergers, acquisitions, or takeovers by or with any foreign person (H.R. 4915), E340 [9MR]

North Central Ohio Entrepreneurial Hall of Fame: tribute to inductees, E713 [3MY]

Petroleum: quarterly profits of oil companies, H1955 [2MY], H2626 [16MY], H2762 [18MY], H4966 [11JY]

———year-end profits of oil companies, H5034, H5035 [11JY]

Power resources: investigate role of oil company executives in development of energy policy legislation, H4949 [10JY]

Smurfit-Stone Container Corp.: tribute to Brewton, AL, containerboard mill, E766 [10MY]

Taxation: provide Federal contracting preferences for, and a reduction in income tax rates on, patriot corporations (H.R. 5699), E1309 [28JN]

———provide relief from the alternative minimum tax, H185-H192 [8FE], H1176 [28MR], H1284-H1289 [29MR], H1610-H1615 [6AP], H1746 [26AP], H2342, H2453-H2455, H2459-H2464 [10MY], H3347 [25MY], E814 [12MY]

———repeal alternative minimum tax (H.R. 1186), H439 [28FE]

———repeal the transition and grandfather provisions relating to foreign sales corporations and extraterritorial income (H.R. 4909), E313 [8MR]

Remarks in Senate

Business and industry: prohibit U.S. companies from setting up foreign subsidiaries for purposes of doing business with terror-sponsoring nations, S5920, S5921 [15JN]

Government regulations: reduce burdens of implementing internal auditing control requirements of companies subject to securities laws (S. 2824), S4690 [17MY]

Immigration: promote economic competition through policy reforms (S. 2691), S3896 [2MY]

iRobot Corp.: tribute, S4047 [4MY]

National security: require the President or the Committee on Foreign Investment in the U.S. to submit reports on national security related investigations and to address mandatory investigations by such committee (S. 2442), S2335 [16MR]

———transfer authority to review certain mergers, acquisitions, and takeovers of U.S. entities by foreign entities to a designee established within the Dept. of Homeland Security (S. 2400), S2028-S2032 [13MR]

Petroleum: address price gouging and market manipulation and provide for a report on oil industry mergers, S3686 [27AP]

———quarterly profits of oil companies, S7262 [10JY]

———year-end profits of oil companies, S439 [1FE]

Taxation: encourage investing of foreign earnings within the U.S. for productive business purposes, S1860 [8MR]

———extend and expand relief from the alternative minimum tax and repeal the extension of the lower rates for capital gains and dividends (S. 2826), S4700 [17MY]

———permit startup partnerships and S corporations to elect taxable years other than required years (S. 2462), S2469 [28MR]

———prevent corporations from avoiding the U.S. income tax by reincorporating in a foreign country, S407-S410 [1FE], S474-S476, S479-S482 [2FE], S2004-S2006 [13MR], S2155, S2182 [15MR]

———provide relief from the alternative minimum tax, S392, S394, S410-S413, S419-S424, S429-S431, S435 [1FE], S496 [2FE], S1081, S1087, S1101, S1107, S1113-S1115, S1117 [13FE], S1136, S1137, S1139 [14FE], S1323-S1325 [15FE], S1995 [13MR], S2283 [16MR], S4386-S4392, S4394-S4400, S4405, S4407, S4409, S4412, S4419-S4421, S4431, S4437, S4442 [11MY]

———repeal tax deferral on income of controlled foreign corporations attributable to imported property, S407-S410 [1FE], S474-S476, S479-S482 [2FE], S2004-S2006 [13MR]

———restrict use of abusive tax shelters by clarifying economic substance doctrine, S1100 [13FE]

———valuation of employee personal use of noncommercial aircraft for purposes of Federal income tax inclusion, S4422 [11MY]

Reports

EcoZone District of Columbia: EcoMedia (company), E1219 [21JN]

Texts of

S. 2400, transfer authority to review certain mergers, acquisitions, and takeovers of U.S. entities by foreign entities to a designee established within the Dept. of Homeland Security, S2030 [13MR]

S. 2462, Small Business Tax Flexibility Act, S2470 [28MR]

S. 2826, extend and expand relief from the alternative minimum tax and repeal the extension of the lower rates for capital gains and dividends, S4701 [17MY]

S. Res. 434, National Corporate Compliance and Ethics Week, S3249 [6AP]