CORPORATIONS see also Business and Industry

Advertisements

Business Backs Low-Carbon USA: several businesses and environmental organizations, S8225 [1DE], S8479 [8DE]

Amendments

Bureau of the Census: extend authority to conduct the quarterly financial report program (H.R. 3116), S7167, S7171 [6OC], H7060 [21OC]

Articles and editorials

Don’t Buy the Trade Deal Alarmism, S3034 [19MY]

GOP in Denial on Climate Change (excerpt), S1600 [18MR]

Jimmy Carter—The U.S. Is an ‘‘Oligarchy With Unlimited Political Bribery’’, S6257 [4AU]

Obama’s Corporate Tax Raid Would Sack the Elderly (excerpt), H749 [3FE]

Bills and resolutions

Bureau of the Census: extend authority to conduct the quarterly financial report program (see S. 1868), S5928 [27JY] (see H.R. 3116), H5297 [20JY]

Business and industry: eliminate incentives for corporations to hold accumulated earnings offshore, invest in domestic infrastructure, and provide international tax reform (see H.R. 625), H667 [30JA]

——— require certain companies to disclose measures taken to identify and address conditions of forced labor, slavery, human trafficking, and child labor within the company’s supply chains (see S. 1968), S6380 [5AU] (see H.R. 3226), H5523 [27JY]

——— require certifications by prospective Government contractors that they are not boycotting a country with which the U.S. has a free trade agreement (see H.R. 1572), H1899 [24MR]

Committee on Small Business and Entrepreneurship (Senate): ease burden of Federal tax compliance on small businesses (see S. Res. 252), S6651 [15SE]

Constitutional amendments: clarify application of the words people, person, or citizen in the Constitution to corporations, limited liability companies or other corporate entities (see S.J. Res. 7), S772 [4FE] (see H.J. Res. 23), H480 [21JA]

——— clarify authority of Congress and the States to regulate the expenditure of funds for political activity by corporations (see H.J. Res. 36), H1370 [26FE]

——— exclude corporations from rights given to natural persons, prohibit corporate spending on elections, and affirm power of Congress and States to regulate corporations and elections (see S.J. Res. 4), S348 [21JA]

——— exclude from rights given to natural persons and affirm power of Congress and States to regulate political contributions and expenditures (see H.J. Res. 48), H2498 [28AP]

Courts: provide Federal jurisdiction for theft of trade secrets (see S. 1890), S6136 [29JY] (see H.R. 3326), H5764 [29JY]

Dept. of Justice: create and maintain a public database of administrative, civil, and criminal actions against corporate entities (see H.R. 102), H39 [6JA]

Dept. of the Treasury: impose certain requirements relative to transmittals of country-by-country reports for purposes of Organisation for Economic Co-operation and Development Base Erosion and Profit Shifting Action Plan (see H.R. 4297), H10710 [18DE]

Elections: constitutional amendment on contributions and expenditures by corporations and other business organizations intended to affect elections (see H.J. Res. 38), H1721 [17MR]

FAA: transfer air traffic control functions to a newly created private corporation, transfer personnel to such corporation, and establish an employee stock ownership plan for such personnel (see H.R. 1835), H2305 [16AP]

Federal agencies and departments: prohibit awarding of contracts to inverted domestic corporations (see S. 975), S2244 [16AP] (see H.R. 1809), H2268 [15AP]

Federal employees: prevent Thrift Savings Plan funds from being invested in any company that boycotts Israel (see H.R. 2645), H3912 [4JN]

——— provide a corporate responsibility investment option under the Thrift Savings Plan (see S. 1144), S2567 [30AP] (see H.R. 2113), H2653 [29AP]

Financial institutions: address the concept of ‘‘Too Big To Fail’’ through improved regulation and breaking up large banks in order to prevent future Government bailouts (see S. 1206), S2687 [6MY] (see H.R. 2600), H3641 [1JN]

——— establish the prudential regulator of community and independent depository institutions as the conduit and arbiter of all Federal financial oversight, examination, and reporting (see S. 726), S1494 [12MR]

——— require certain systemically important entities to account for financial benefits received due to the expectation that the Government will shield them from losses in the event of failure (see H.R. 888), H981 [11FE]

Political campaigns: constitutional amendments to overturn Citizens United v. FEC to reduce the influence of money and corporations and Buckley v. Valeo to limit expenditures by candidates and others in support of elections (see H. Res. 311), H4343 [12JN]

——— prohibit criminal corporations from making disbursements of funds in connection with campaigns for Federal, State, or local office (see H.R. 450), H479 [21JA]

——— provide for additional disclosure requirements for corporations, labor organizations, and other entities (see S. 229), S348 [21JA] (see H.R. 430), H478 [21JA]

——— reduce the influence of money and corporations and promote the participation of the people in politics and government (see H. Res. 298), H3914 [4JN]

——— reduce the influence of money through congressional regulation of contributions and expenditures and public disclosure of all contributions (see H. Res. 326), H4542 [18JN]

——— require disclosure to shareholders of any expenditure made by companies in support of or in opposition to any candidate for Federal, State, or local public office (see H.R. 418), H430 [20JA]

——— require shareholder authorization before a public company may make certain political expenditures (see S. 214), S347 [21JA] (see H.R. 446), H479 [21JA]

Power resources: impose tax on greenhouse gas emissions, reduce corporate tax rate to mitigate high energy costs, assist displaced coal industry workers, and protect consumers from transition to new energy sources (see H.R. 2202), H2791 [1MY]

Product safety: establish criminal penalties for corporate officers failing to inform and warn of serious dangers posed by corporate actions or products (see S. 2140), S7160 [6OC]

——— require businesses to warn employees, consumers, and the appropriate Federal officials of any product or service that poses serious danger to the public (see H.R. 96), H39 [6JA]

Public Company Accounting Oversight Board: promote transparency by making disciplinary proceedings open to the public (see S. 1084), S2400 [23AP]

SEC: repeal disclosure requirements that allow for comparison of executive compensation to that of other employees (see S. 1722), S4841 [8JY] (see H.R. 414), H430 [20JA]

——— require publicly traded companies to disclose to investors information on cybersecurity risks and presence of cybersecurity experts on the board of trustees (see S. 2410), S8793 [17DE]

Taxation: allow a temporary dividends received deduction from a controlled foreign corporation for certain taxable years (see S. 397), S833 [5FE] (see H.R. 788), H854 [5FE]

——— allow qualified scholarship funding corporations to access tax-exempt financing for alternative private student loans (see H.R. 3822), H7174 [23OC]

——— deny tax deductions for corporate regulatory violations (see S. 413), S858 [9FE]

——— disallow deductions for the payment of punitive damages (see S. 169), S201 [13JA]

——— encourage charitable contributions of real property for conservation purposes by Native corporations (see H.R. 338), H358 [13JA]

——— end deferral of foreign source income of U.S. companies, close certain foreign tax credit loopholes, and prevent U.S. tax avoidance (see S. 922), S2172 [14AP] (see H.R. 1790), H2209 [14AP]

——— expand availability of employee stock ownership plans in S corporations (see S. 1212), S2688 [6MY] (see H.R. 2096), H2653 [29AP]

——— expand denial of deduction for certain excessive employee remuneration (see S. 1127), S2529 [29AP] (see H.R. 620), H662 [28JA] (see H.R. 2103), H2653 [29AP]

——— extend certain expiring provisions of the Internal Revenue Code (see S. 1946), S6379 [5AU]

——— extend limitation on the carryover of excess corporate charitable contributions (see H.R. 4016), H8240 [16NO]

——— extend look-through treatment of payments between related controlled foreign corporations (see H.R. 1430), H1768 [18MR]

——— extend publicly traded partnership ownership structure to energy power generation projects and transportation fuels (see S. 1656), S4601 [24JN] (see H.R. 2883), H4650 [24JN]

——— incentivize companies to repatriate foreign earnings held overseas and dedicate tax revenues from such repatriation to the Highway Trust Fund (see S. 981), S2244 [16AP]

——— limit deductibility of excessive rates of executive compensation (see H.R. 1305), H1612 [4MR]

——— limit interest deduction for excessive interest of members of financial reporting groups (see H.R. 3934), H8149 [5NO]

——— lower the corporate income tax rate (see H.R. 2946), H4771 [25JN]

——— make permanent certain rules regarding basis adjustments to stock of S corporations making charitable contributions of property (see H.R. 630), H667 [30JA]

——— make permanent the reduced recognition period for built-in gains for S corporations (see S. 1905), S6186 [30JY] (see H.R. 629), H667 [30JA]

——— modify rules relative to inverted corporations in order to prevent tax avoidance by domestic companies moving operations to foreign countries (see S. 198), S283 [20JA] (see H.R. 415), H430 [20JA]

——— modify S corporation shareholder and preferred stock rules relative to banks (see H.R. 2789), H4431 [16JN]

——— permit Indian tribal governments to be shareholders in S corporations (see H.R. 2626), H3877 [3JN]

——— phaseout and repeal the renewable energy production tax credit and reduce corporate income tax (see H.R. 1901), H2353 [21AP]

——— provide a tax credit to businesses that invest in American jobs, provide fair wages and benefits, employ active duty personnel, recruit veterans, and maintain a diverse workforce (see S. 1486), S3456 [2JN] (see H.R. 2619), H3757 [2JN]

——— provide for greenhouse gas emission fees, reduce corporate income tax, provide tax credits to workers, and deliver additional benefits to the retired and disabled (see S. 1548), S4021 [10JN]

——— provide for S corporation reform (see H.R. 2788), H4431 [16JN]

——— raise limitation on the election to accelerate the alternative minimum tax credit in lieu of bonus depreciation (see S. 1666), S4602 [24JN]

——— reform partnership audits rules (see H.R. 2821), H4541 [18JN]

——— repeal tax deferral on income of controlled foreign corporations attributable to imported property (see S. 162), S201 [13JA] (see H.R. 305), H357 [13JA]

——— restrict use of abusive tax shelters and offshore tax havens to inappropriately avoid Federal taxation (see S. 174), S201 [13JA] (see H.R. 297), H357 [13JA]

——— terminate certain energy tax subsidies and lower the corporate income tax rate (see H.R. 1001), H1069 [13FE]

——— terminate deferral of active income of controlled foreign corporations (see H.R. 3935), H8149 [5NO]

Women: encourage corporations to include women in all levels of corporate management and commit to utilizing gender diversity in boards of directors and other senior management (see H. Res. 445), H6306 [28SE]

Letters

Bureau of the Census compliance with Federal Information Security Management Act data security procedures relative to authority to conduct the quarterly financial report program: John H. Thompson, Bureau of the Census, H7061 [21OC]

Defend Trade Secrets Act: John Neuffer, Semiconductor Industry Association, S7253 [8OC]

——— several organizations, S7253 [8OC]

——— Theodore H. Davis, Jr., ABA, S7252 [8OC]

Global warming: several food and beverage companies, S7152 [6OC], S8478 [8DE]

——— Theresa M. Fariello, ExxonMobil Corp., S8663 [15DE]

Lists

Corporations in support of a tax on carbon emissions, S4033 [10JN]

Quotes by Conservatives in support of a tax on carbon emissions, S4032 [10JN]

Memorandums

Global Climate Science Communication Action Plan: Joe Walker (1998), S2667–S2669 [6MY]

Strenthening Property Rights and the U.S. Economy Through Federal Trade Secret Protection: Alden Abbott, Heritage Foundation (excerpt), S7252 [8OC]

Remarks in House

Bureau of the Census: extend authority to conduct the quarterly financial report program (H.R. 3116), H6198, H6199 [24SE]

——— extend authority to conduct the quarterly financial report program (H.R. 3116), Senate amendment, H7060, H7061 [21OC]

Business and industry: require certain companies to disclose measures taken to identify and address conditions of forced labor, slavery, human trafficking, and child labor within the company’s supply chains (H.R. 3226), E1130 [27JY]

Constitutional amendments: clarify authority of Congress and the States to regulate the expenditure of funds for political activity by corporations (H.J. Res. 36), H3384 [19MY]

Dept. of Justice: create and maintain a public database of administrative, civil, and criminal actions against corporate entities (H.R. 102), E13 [6JA]

EPA: prohibit Scientific Advisory Board membership to any persons working for a corporation that has been convicted of a major environmental crime, H1692 [17MR]

Kawneer (company): anniversary of Bloomsburg, PA, plant, E1522 [23OC]

Mo-Sci Corp.: anniversary, E818 [2JN]

Obama, President: evaluation of administration, H518 [22JA]

Political campaigns: provide for additional disclosure requirements for corporations, labor organizations, and other entities (H.R. 430), H3384, H3385 [19MY], H8256, H8257 [17NO]

Renewable energy: support for the wind energy industry, H6846 [7OC]

Taxation: exempt transfers of family-owned businesses from estate taxes, H2277 [16AP]

——— expand denial of deduction for certain excessive employee remuneration, H14, H18, H21 [6JA], H56 [7JA]

——— extend the renewable energy production tax credit, H6846 [7OC]

——— make extension of deduction for charitable contributions of food inventory contingent upon no increase in budget deficit, no delay in comprehensive tax reform, and disallowing tax benefits for inverted corporations, H1015 [12FE]

——— modify rules relative to inverted corporations in order to prevent tax avoidance by domestic companies moving operations to foreign countries, H5209–H5213 [15JY]

——— modify rules relative to inverted corporations in order to prevent tax avoidance by domestic companies moving operations to foreign countries and transfer such revenues to Highway Trust Fund, H14, H18, H21, H22 [6JA], H56 [7JA]

——— phaseout and repeal the renewable energy production tax credit and reduce corporate income tax (H.R. 1901), H2671 [30AP]

——— provide for logical flow of tax return information between partnerships, corporations, trusts, estates, and individuals and modify certain due dates and extension periods, H5208 [15JY]

——— reform international tax system, H1915 [25MR]

——— unfair perception of large bonuses paid to chief executive officers of corporations, H58 [7JA]

Remarks in Senate

Bureau of the Census: extend authority to conduct the quarterly financial report program (H.R. 3116), S7171 [6OC]

Climate: comparison between efforts of fossil fuel industry to discredit science behind climate change to efforts of tobacco industry to mislead public on the dangers of smoking, S7340–S7342 [20OC], S7536 [27OC]

——— denounce companies or organizations that have engaged in campaigns that deny and discredit the science behind climate change, S2666 [6MY], S7535 [27OC]

——— denounce companies that utilize ‘‘green washing’’ campaigns rather than implementing actual business practices that reduce carbon pollution, S1423 [11MR]

——— importance of good climate policies of large corporations, S1580 [17MR], S1600 [18MR], S7151 [6OC], S8223–S8226 [1DE], S8477 [8DE], S8661–S8663 [15DE]

Courts: provide Federal jurisdiction for theft of trade secrets (S. 1890), S7250–S7253 [8OC]

Elections: establish a deficit-neutral reserve fund relative to disclosure of campaign contributions by corporations, S1992 [26MR]

Financial institutions: establish a deficit-neutral reserve fund to end ‘‘too big to fail’’ bailouts for Wall Street mega-banks, S2011 [26MR], S2200, S2208 [15AP]

Infrastructure: improvement funding through closing certain tax loopholes for offshore corporations, S1696, S1698, S1701–S1703 [23MR], S1742, S1748–S1750 [24MR], S2205 [15AP], S2625 [5MY]

International law: use of investor-state dispute settlement by corporations to challenge foreign countries health and safety measures, S1141, S1143, S1144 [26FE]

Political campaigns: call for public financing of elections, S6256, S6257 [4AU]

——— provide for additional disclosure requirements for corporations, labor organizations, and other entities, S518 [27JA]

——— provide for additional disclosure requirements for corporations, labor organizations, and other entities (S. 229), S349 [21JA]

Public Company Accounting Oversight Board: promote transparency by making disciplinary proceedings open to the public (S. 1084), S2405 [23AP]

Reid and Whitehouse, Senators: characterization of remarks relative to efforts by Coca-Cola Co., to address climate change and reduce carbon emissions, S1600 [18MR]

SEC: repeal disclosure requirements that allow for comparison of executive compensation to that of other employees (S. 1722), S4930 [9JY]

——— require publicly traded companies to disclose to investors information on cybersecurity risks and presence of cybersecurity experts on the board of trustees (S. 2410), S8795 [17DE]

Supreme Court: decision in Citizens United v. FEC on corporate political contributions used for political speech, S365 [21JA], S409 [22JA], S6881 [22SE], S8061 [18NO]

Taxation: allow a temporary dividends received deduction from a controlled foreign corporation for certain taxable years (S. 397), S836 [5FE]

——— deny tax deductions for corporate regulatory violations (S. 413), S860 [9FE]

——— disallow deductions for the payment of punitive damages (S. 169), S204 [13JA]

——— establish a deficit-neutral reserve fund to expand denial of deduction for certain excessive employee remuneration, S2009 [26MR]

——— establish a deficit-neutral reserve fund to prevent U.S. jobs from moving overseas by reducing the corporate tax rate, S2005 [26MR]

——— establish a deficit-neutral reserve fund to provide tax benefits to employers that invest in American jobs and provide fair pay and benefits and eliminate tax benefits for corporations that ship jobs overseas, S1990 [26MR]

——— expand denial of deduction for certain excessive employee remuneration (S. 1127), S2532 [29AP]

——— extend publicly traded partnership ownership structure to energy power generation projects and transportation fuels (S. 1656), S8579 [10DE]

——— provide a tax credit to businesses that invest in American jobs, provide fair wages and benefits, employ active duty personnel, recruit veterans, and maintain a diverse workforce (S. 1486), S3641 [3JN]

——— provide for greenhouse gas emission fees, reduce corporate income tax, provide tax credits to workers, and deliver additional benefits to the retired and disabled (S. 1548), S4031 [10JN], S4232–S4235, S4237 [17JN], S4571 [24JN], S6998 [29SE], S7151 [6OC]

——— reform international tax system, S6062 [28JY], S6350 [5AU], S7728–S7731 [3NO]

——— reform partnership audits rules, S7636 [29OC]

Treaties and agreements: prohibit use of fast-track trade promotion authority for any free trade agreement or investment treaty if the agreement or treaty includes investor-state dispute settlement provisions, S3031–S3034 [19MY], S3106 [20MY], S3259 [22MY]

Reports filed

Bureau of the Census Authority To Conduct the Quarterly Financial Report Program Extension: Committee on Homeland Security and Governmental Affairs (Senate) (S. 1868) (S. Rept. 114–157), S7470 [22OC]

Bureau of the Census Quarterly Financial Report Program Authority Extension: Committee on Oversight and Government Reform (House) (H.R. 3116) (H. Rept. 114–237), H5762 [29JY]

Ease Burden of Federal Tax Compliance on Small Businesses: Committee on Small Business and Entrepreneurship (Senate) (S. Res. 252), S6651 [15SE]

Permanent CFC Look-Through Act: Committee on Ways and Means (House) (H.R. 1430) (H. Rept. 114–309), H7173 [23OC]

Permanent Reduced Tax Recognition Period for Built-in Gains for S Corporations: Committee on Ways and Means (House) (H.R. 629) (H. Rept. 114–15), H865 [9FE]

Permanent Tax Rules Regarding Basis Adjustments to Stock of S Corporations Making Charitable Contributions of Property: Committee on Ways and Means (House) (H.R. 630) (H. Rept. 114–16), H865 [9FE]

Tax Relief Extension Act: Committee on Finance (Senate) (S. 1946) (S. Rept. 114–118), S6379 [5AU]

Resolutions by organizations

Defend Trade Secrets Act: Intellectual Property Owners Association, S7253 [8OC]

Statements

In Support of Prosperity and Growth—Financial Sector Statement on Climate Change: Several Financial Institutions, S7152 [6OC], S8479 [8DE]

U.N. Framework Convention on Climate Change: Several Corporations, S8479 [8DE]

Texts of

H.R. 3116, Bureau of the Census authority to conduct quarterly financial report program extension, S7171 [6OC], H6198 [24SE]

S. 198, Stop Corporate Inversions Act, S286 [20JA]

S. 229, Democracy Is Strengthened by Casting Light on Spending in Elections (DISCLOSE) Act, S350–S352 [21JA]

S. 975, American Business for American Companies Act, S2247–S2249 [16AP]

S. 1486, Patriot Employer Tax Credit Act, S3459–S3461 [2JN]

S. Res. 252, Committee on Small Business and Entrepreneurship (Senate) priorities to ease burden of Federal tax compliance on small businesses, S6654–S6656 [15SE]