CORPORATIONS related term(s) Business and Industry

Amendments

Crime: disclose beneficial owners of newly incorporated entities to prevent exploitation for criminal gain and assist law enforcement with terrorism and money laundering prevention (H.R. 2513), consideration (H. Res. 646), H8314 [22OC]

——— require disclosure of beneficial owners of newly incorporated entities to prevent exploitation for criminal gain and assist law enforcement with terrorism and money laundering prevention (H.R. 2513), H8335, H8336, H8337, H8338 [22OC]

SEC: require disclosure of the total number of a company’s domestic and foreign employees (H.R. 3624), H8238, H8239 [18OC]

——— require disclosure of the total number of a company’s domestic and foreign employees (H.R. 3624), consideration (H. Res. 629), H8157 [16OC]

Articles and editorials

Trump Tax Cuts Did Little To Boost Economic Growth in 2018, Study Says, H12218 [19DE]

2017 Tax Cuts Didn’t Work, the Data Prove It, H12217 [19DE]

Bills and resolutions

Bankruptcy: modify venue requirements relative to bankruptcy proceedings (see H.R. 4421), H7835 [19SE]

Business and industry: modify standards for unlawful acquisitions (see S. 307), S800 [31JA]

——— promote merger enforcement and protect competition through adjusting premerger filing fees and increasing antitrust enforcement resources (see S. 1937), S4169 [20JN]

——— promote merger enforcement and protect competition through adjusting premerger filing fees, increasing antitrust enforcement resources, and improving information provided to antitrust enforcers (see S. 306), S800 [31JA]

——— require foreign manufacturers of products imported into the U.S. to establish registered agents in the U.S. who are authorized to accept service of process against such manufacturers (see H.R. 3737), H5774 [12JY]

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. 736), S1762 [11MR]

——— 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), H2047 [22FE]

——— establish criminal liability for executives of large corporations that negligently permit or fail to prevent certain violations of law by the corporation (see S. 1010), S2240 [3AP]

Dept. of Labor: list employers that relocate call centers overseas, make such companies ineligible for Federal grants and loans, and require call center employees to disclose their physical location (see S. 1792), S3362 [12JN] (see H.R. 3219), H4626 [12JN]

Elections: constitutional amendment on contributions and expenditures by corporations and other business organizations intended to affect elections (see H.J. Res. 39), H1336 [30JA]

FEC: limit authority of corporations to establish and operate separate segregated funds for political purposes, including a political committee, to nonprofit corporations (see H.R. 5129), H8908 [15NO]

——— prohibit a separate segregated fund of a corporation which manufactures opioids from making contributions or expenditures in connection with Federal elections (see H.R. 5196), H9120 [20NO]

Federal agencies and departments: prohibit awarding of contracts to inverted domestic corporations (see S. 2139), S4907 [17JY] (see H.R. 3802), H5998 [17JY]

Federal employees: prohibit International Stock Index Investment Fund of the Thrift Savings Plan from investing in any entity in-peer or near-peer competitor nations as outlined in the National Defense Strategy (see H.R. 2903), H4117 [22MY]

Financial institutions: acknowledge that lack of sunlight and transparency in financial transactions and corporate formation poses a threat to national and economic security and support efforts to close related loopholes (see H. Res. 206), H2614 [8MR]

FTC: require businesses to strengthen data privacy protections for consumers, increase research in technology to protect consumer privacy, and protect small businesses from over-regulation (see S. 583), S1540 [27FE]

GSA: prohibit awarding of contracts to insured depository institutions that avoid doing business with certain companies that are engaged in lawful commerce based solely on social policy (see S. 1104), S2386 [10AP]

Political campaigns: apply ban on contributions and expenditures by foreign nationals to foreign-controlled, foreign-influenced, and foreign-owned domestic corporations (see H.R. 746), H1209 [24JA]

——— prohibit criminal corporations from making disbursements of funds in connection with campaigns for Federal, State, or local office (see H.R. 3004), H4163 [23MY]

——— prohibit disbursements for a political purpose unless the preferences of shareholders have been assessed about such disbursements (see H.R. 936), H1341 [31JA]

——— provide for additional disclosure requirements for corporations, labor organizations, and other entities (see S. 1147), S2433 [11AP] (see H.R. 2977), H4162 [23MY]

——— require corporations to disclose to shareholders amounts disbursed for certain political activity (see H.R. 5143), H8958 [18NO]

——— require reporting of disbursements made by foreign nationals for purposes of disseminating political communications and inquire whether persons providing such disbursements are foreign nationals (see H.R. 2853), H4010 [20MY]

——— require shareholder authorization before a public company may make certain political expenditures (see S. 1630), S3104 [23MY] (see H.R. 4491), H7989 [25SE]

Public Company Accounting Oversight Board: increase oversight of foreign companies listed on U.S. securities exchanges and delist firms that are out of compliance with U.S. regulators (see S. 1731), S3251 [5JN] (see H.R. 3124), H4342 [5JN]

——— promote transparency by making disciplinary proceedings open to the public (see S. 1256), S2516 [30AP]

SEC: allow use of funds to ensure that shareholders of corporations have knowledge of corporation political activity (see H.R. 1176), H1581 [13FE]

——— carry out a study of 10b5-1 trading plans which allow insiders of publicly traded corporations to sell stocks they own (see S. 573), S1539 [27FE]

——— improve quality of proxy advisory firms to protect investors and the economy and to foster accountability, transparency, responsiveness, and competition in the industry (see H.R. 5116), H8908 [15NO]

——— issue regulations to require public corporations to disclose political expenditures (see H.R. 1053), H1459 [7FE]

——— require corporations to publicly disclose financial reporting on a country-by-country basis to provide transparency on use of tax havens or offshoring jobs (see S. 1609), S3059 [22MY]

——— require disclosure of the total number of a company’s domestic and foreign employees (see S. 1843), S3476 [13JN] (see H.R. 3624), H5272 [5JY]

——— require disclosure of the total number of a company’s domestic and foreign employees (H.R. 3624), consideration (see H. Res. 629), H8142 [15OC]

——— require publicly traded companies to disclose policies on whether senior executives or shareholders bear the burden of paying company fines and penalties (see S. 1885), S3651 [18JN] (see H.R. 4320), H7705 [12SE]

——— require publicly traded companies to disclose to investors information on cybersecurity risks and presence of cybersecurity experts on the board of trustees (see S. 592), S1593 [28FE] (see H.R. 1731), H2716 [13MR]

——— study rule 10b5-1 trading plans relative to the definition of insider trading (see H.R. 624), H675 [16JA]

Taxation: clarify that payment of taxes on deferred foreign income in installments shall not prevent credit or refund of overpayments or increase estimated taxes (see S. 2998), S6904 [9DE] (see H.R. 2985), H4163 [23MY]

——— disallow deductions for the payment of punitive damages (see S. 1185), S2434 [11AP]

——— eliminate tax breaks, deductions, and credits for corporations that lock out workers during a labor dispute and prohibit deductions and credits for wages and benefits paid to temporary workers during labor lockouts (see S. 1548), S2962 [20MY]

——— ensure workers and communities that are responsible for record corporate profits benefit from the wealth that those workers and communities help to create (see S. 2514), S5602 [19SE] (see H.R. 4419), H7835 [19SE]

——— establish tax credits to encourage individual and corporate taxpayers to contribute to scholarships for elementary and secondary students through eligible scholarship-granting organizations (see H.R. 1434), H2312 [28FE]

——— exclude corporations operating prisons from the definition of taxable real estate investment trust subsidiary (see S. 1827), S3475 [13JN]

——— expand availability of employee stock ownership plans in S corporations (see S. 177), S293 [17JA] (see H.R. 2258), H3254 [10AP]

——— expand denial of deduction for certain excessive employee remuneration (see S. 2268), S5107 [25JY] (see H.R. 3970), H7462 [25JY]

——— extend limitation on the carryover of excess corporate charitable contributions by regulated public utilities (see H.R. 3188), H4388 [10JN]

——— extend publicly traded partnership ownership structure to energy power generation projects and transportation fuels (see S. 1841), S3476 [13JN] (see H.R. 3249), H4693 [13JN]

——— impose a corporate tax increase based on compensation ratio between the highest paid employee and median worker compensation and impose regulations to prevent manipulation of compensation ratio (see S. 2849), S6566 [13NO] (see H.R. 5066), H8826 [13NO]

——— impose surtax on corporations with significant disparities in employee wages (see S. 2312), S5195 [30JY] (see S. 2445), S5360 [9SE]

——— make look-thru rule for related controlled foreign corporations permanent (see H.R. 5240), H9168 [21NO]

——— modify global intangible low-taxed income by repealing tax-free deemed return on investments and determining net controlled foreign corporation tested income on a per-country basis (see S. 1610), S3059 [22MY]

——— modify rules relative to inverted corporations in order to prevent tax avoidance by domestic companies moving operations to foreign countries (see S. 2140), S4907 [17JY]

——— prohibit deduction for prescription drug advertising and promotional expenses (see S. 73), S141 [10JA] (see H.R. 4711), H8226 [17OC]

——— 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. 223), S586 [24JA] (see H.R. 802), H1217 [25JA]

——— provide current year inclusion of net controlled foreign corporation tested income by ending tax breaks for exporting jobs and profits (see S. 780), S1845 [13MR] (see H.R. 1711), H2715 [13MR]

——— provide for greenhouse gas emission fees, provide tax credits to workers, and deliver additional benefits to the retired and disabled (see S. 1128), S2386 [10AP]

——— provide for S corporation reform (see S. 2156), S4947 [18JY]

——— reestablish 15 percent corporate rate bracket (see H.R. 901), H1334 [30JA]

——— restore limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations (see S. 2589), S5748 [26SE] (see H.R. 4509), H8053 [26SE]

——— restrict use of abusive tax shelters and offshore tax havens to inappropriately avoid Federal taxation (see S. 779), S1844 [13MR] (see H.R. 1712), H2715 [13MR]

Trump, President: require annual reports on Federal expenditures made to personal business holdings and regulatory actions that financially benefit the President, his businesses, and those of his close family members (see H.R. 1524), H2367 [5MR]

——— take actions relative to business holdings to ensure compliance with emoluments clause of the Constitution, declare receipt of emoluments a constitutional violation, and require disclosures to Congress (see H. Con. Res. 51), H5265 [28JN]

Letters

Acknowledge that lack of transparency in financial transactions and corporate formation poses a threat to national and economic security and support efforts to close related loopholes: Chuck Canterbury, National Fraternal Order of Police, H2700 [13MR]

For the People Act: Fred Wertheimer and Donald J. Simon, Democracy 21 (organization), H2522–H2524 [7MR]

——— Leadership Conference on Civil and Human Rights, H2524 [7MR]

Outsourcing Accountability Act: Shane Larson, Communications Workers of America (organization), H8236 [18OC]

Lists

Organizations supporting H.R. 2513, Corporate Transparency Act, H8310 [22OC]

Motions

Crime: require disclosure of beneficial owners of newly incorporated entities to prevent exploitation for criminal gain and assist law enforcement with terrorism and money laundering prevention (H.R. 2513), H8368 [22OC]

Press releases

House Makes Last Minute Bait-and-Switch on Corporate Transparency Act: National Federation of Independent Business, H8337 [22OC]

Remarks in House

——— require court-issued subpoena for queries into newly incorporated entities, H8368 [22OC]

——— strike disclosure of beneficial owners of newly incorporated entities, nullify rule requiring financial institutions to identify beneficial owners, and study existing Federal databases’ collection of such information, H8338, H8339 [22OC]

Dept. of the Treasury: report to Congress anonymized data on number, industry, and location of beneficial owners of newly incorporated entities, H8335 [22OC]

——— require Financial Crimes Enforcement Network to develop protocols to access database of beneficial owners of newly incorporated entities and report to Congress number of times such database is accessed, H8335, H8336 [22OC]

Economy: require businesses to balance responsibilities to employees and shareholders by requiring Federal charters and election of board members, restricting sales of company shares, and limiting political expenditures, H10007 [10DE]

Elections: constitutional amendment on contributions and expenditures by corporations and other business organizations intended to affect elections (H.J. Res. 39), E114 [30JA]

Employment: impact of relocation of domestic jobs to Mexico and company closures, H3350 [1MY]

FedEx Corp.: anniversary of partnership with Safe Kids Worldwide (organization), E938 [17JY]

Law enforcement officers: require refresher training every two years for officials who access database of beneficial owners of newly incorporated entities, H8336, H8337 [22OC]

Lone Star Analysis (company): expansion and grand opening of new corporate headquarters in Addison, TX, E684 [30MY]

Political campaigns: expand ban on foreign contributions and expenditures on U.S. elections to include purchasing advertisements on digital media or television, H2569 [7MR]

——— prevent corporate expenditures for campaign purposes unless the corporation has established a process for determining the political will of its shareholders, H2482, H2483 [6MR]

——— prohibit foreign nationals from influencing U.S. elections through political activities and contributions from shell companies, H8428 [23OC]

——— provide for additional disclosure requirements for corporations, labor organizations, and other entities, H2383, H2401 [6MR]

SEC: allow use of funds to ensure that shareholders of corporations have knowledge of corporation political activity, H2533, H2534 [7MR]

——— exempt companies from requirement to disclose total number of a company’s domestic and foreign employees if they are required to make chief executive officer pay ratio or conflict minerals disclosures, H8238, H8239 [18OC]

——— require disclosure of the total number of a company’s domestic and foreign employees (H.R. 3624), H8233–H8242 [18OC]

——— require disclosure of the total number of a company’s domestic and foreign employees (H.R. 3624), consideration (H. Res. 629), H8154–H8157 [16OC]

——— require disclosure of the total number of a company’s domestic and foreign employees if it is considered material information for investors, H8239, H8240 [18OC]

——— study rule 10b5-1 trading plans relative to the definition of insider trading (H.R. 624), H1221–H1223 [28JA]

Tax Cuts and Jobs Act: impact, H3470 [7MY], H4074 [22MY], H5312 [10JY], H5588 [11JY], H8591 [29OC], H9263 [5DE]

Trump, President: take certain actions relative to personal business holdings to ensure compliance with emoluments clause of the Constitution while serving as President, H5183 [26JN], H8264 [21OC]

Remarks in Senate

Abortion: State laws and court cases impacting women’s reproductive health care and access to abortion, S3814 [19JN]

Climate: effects of climate change, S6648 [19NO], S6849–S6851 [4DE], S7121 [17DE]

——— efforts of fossil fuel industry, corporations, and trade associations to impede climate protection efforts and call for corporate political action to demand climate change legislation, S2703–S2705 [7MY], S3187 [4JN], S6291–S6293 [30OC]

——— efforts of fossil fuel industry to deny and discredit science behind climate change, S207 [15JA], S1316 [13FE], S1559 [28FE], S1653 [5MR], S2364 [10AP], S2982–S2984 [20MY], S3336 [12JN], S5045 [24JY], S5173, S5175 [30JY], S6649 [19NO], S6850 [4DE], S6997 [11DE], S7121 [17DE]

Courts: efforts of special interest groups to influence Federal courts, S3033–S3035 [22MY], S3336 [12JN]

Democratic Party: national agenda, S3155 [3JN], S4522 [25JN], S4746 [10JY], S4780 [11JY]

European Union: proposed tax on digital services provided by U.S.-based multinational corporations, S1116 [7FE]

General Motors Co.: layoff of employees at Lordstown, OH, plant and relocation of jobs to Mexico, S1666 [5MR], S1872 [14MR], S5489 [16SE], S5594 [19SE]

Koch, Charles: impact of contributions on efforts to discredit scientific research behind climate change, S4691 [8JY]

Koch, David H.: impact of contributions on efforts to discredit scientific research behind climate change, S4691 [8JY]

Political campaigns: impact and influence of money and corporations in elections, S107 [9JA], S726 [29JA], S5685 [25SE]

——— impact of Supreme Court decision on Citizens United v. FEC relative to the influence of money and corporations in elections, S3028 [22MY]

——— provide for additional disclosure requirements for corporations, labor organizations, and other entities, S107 [9JA], S1317 [13FE]

Privacy: establish privacy protections for consumers, S694 [28JA]

Public Company Accounting Oversight Board: promote transparency by making disciplinary proceedings open to the public (S. 1256), S2522 [30AP]

Republican Party: national agenda, S3154 [3JN], S4829 [16JY]

SEC: require publicly traded companies to disclose policies on whether senior executives or shareholders bear the burden of paying company fines and penalties (S. 1885), S3658 [18JN]

——— require publicly traded companies to disclose to investors information on cybersecurity risks and presence of cybersecurity experts on the board of trustees (S. 592), S1596 [28FE]

Securities: prohibit large employers from buying back stock unless it meets certain condidtions relative to investing in their employees and communities, S1163 [11FE]

——— prohibit large employers from buying back stock unless it meets certain conditions relative to investing in their employees and communities, S819 [4FE], S1449 [26FE], S1771 [12MR], S2205 [2AP], S3354–S3356 [12JN]

Supreme Court: impact of decision in Citizens United v. FEC on corporate political contributions used for political speech relative to bipartisanship in addressing climate change, S6649 [19NO]

Tax Cuts and Jobs Act: impact, S5687 [25SE], S6048–S6050 [22OC], S6975 [11DE], S7076 [17DE]

Taxation: expand denial of deduction for certain excessive employee remuneration (S. 2268), S5110 [25JY]

——— extend publicly traded partnership ownership structure to energy power generation projects and transportation fuels, S1577 [28FE]

——— prohibit deduction for prescription drug advertising and promotional expenses, S5126 [29JY]

——— prohibit deduction for prescription drug advertising and promotional expenses (S. 73), S5221 [31JY]

——— provide for greenhouse gas emission fees, provide tax credits to workers, and deliver additional benefits to the retired and disabled (S. 1128), S3187 [4JN], S3337 [12JN], S4689–S4692 [8JY], S4917 [17JY]

——— provide for greenhouse gas emission fees, reduce corporate income tax, provide tax credits to workers, and deliver additional benefits to the retired and disabled, S907 [6FE], S1686 [6MR], S1801 [12MR]

——— provide for S corporation reform (S. 2156), S5029 [24JY]

Trump, President: evaluation of administration relative to workers’ rights, S5686 [25SE], S5715 [26SE]

Reports filed

Consideration of H.R. 1815, SEC Disclosure Effectiveness Testing Act and H.R. 3624, Outsourcing Accountability Act: Committee on Rules (House) (H. Res. 629) (H. Rept. 116–237), H8142 [15OC]

Consideration of H.R. 2513, Corporate Transparency Act: Committee on Rules (House) (H. Res. 646) (H. Rept. 116–247), H8297 [21OC]

Corporate Management Accountability Act: Committee on Financial Services (House) (H.R. 4320) (H. Rept. 116–337), H10122 [11DE]

Corporate Transparency Act: Committee on Financial Services (House) (H.R. 2513) (H. Rept. 116–227), H8100 [8OC]

Outsourcing Accountability Act: Committee on Financial Services (House) (H.R. 3624) (H. Rept. 116–220), H8094 [4OC]

Texts of

H. Res. 206, acknowledge that lack of sunlight and transparency in financial transactions and corporate formation poses a threat to national and economic security and support efforts to close related loopholes, H2697 [13MR]

H. Res. 629, consideration of H.R. 1815, SEC Disclosure Effectiveness Testing Act and H.R. 3624, Outsourcing Accountability Act, H8154 [16OC]

H. Res. 646, consideration of H.R. 2513, Corporate Transparency Act, H8307 [22OC]

H.R. 624, Promoting Transparent Standards for Corporate Insiders Act, H1221 [28JA]

H.R. 2513, Corporate Transparency Act, H8325–H8334 [22OC]

H.R. 3624, Outsourcing Accountability Act, H8237 [18OC]

S. 223, Patriot Employer Tax Credit Act, S589 [24JA]

S. 2139, American Business for American Companies Act, S4909–S4911 [17JY]

S. 2140, Stop Corporate Inversions Act, S4911 [17JY]

S. 2156, S Corporation Modernization Act, S4950–S4952 [18JY]