US HB785 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Democrat 25-0)
Status: Introduced on February 5 2015 - 25% progression, died in committee
Action: 2015-02-05 - Referred to House Foreign Affairs
Pending: House Foreign Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 5 2015 - 25% progression, died in committee
Action: 2015-02-05 - Referred to House Foreign Affairs
Pending: House Foreign Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Federal Employee Pension Fairness Act of 2015 Repeals provisions requiring federal employees, including foreign service employees, who began service after 2012 to pay an increased contribution (4.4%) for funding their annuities under the Federal Employees Retirement System. Amends the Internal Revenue Code to: (1) treat certain foreign corporations managed and controlled primarily in the United States as domestic corporations for U.S. tax purposes; and (2) revise rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with lower income tax rates than the United States).
Title
Federal Employee Pension Fairness Act of 2015
Sponsors
Rep. Donna Edwards [D-MD] | Rep. Elijah Cummings [D-MD] | Rep. Gerald Connolly [D-VA] | Rep. Matthew Cartwright [D-PA] |
Rep. Keith Ellison [D-MN] | Rep. Marcy Kaptur [D-OH] | Rep. Stephen Lynch [D-MA] | Rep. Betty McCollum [D-MN] |
Rep. Grace Napolitano [D-CA] | Rep. Eleanor Norton [D-DC] | Rep. Charles Rangel [D-NY] | Rep. Sanford Bishop [D-GA] |
Rep. Eddie Johnson [D-TX] | Rep. Don Beyer [D-VA] | Rep. Jose Serrano [D-NY] | Rep. Marc Veasey [D-TX] |
Rep. Joyce Beatty [D-OH] | Rep. David Price [D-NC] | Rep. Gregory Meeks [D-NY] | Rep. Janice Schakowsky [D-IL] |
Rep. John Garamendi [D-CA] | Rep. Brendan Boyle [D-PA] | Rep. James McGovern [D-MA] | Rep. Richard Nolan [D-MN] |
Rep. Henry Johnson [D-GA] |
History
Date | Chamber | Action |
---|---|---|
2015-02-05 | House | Referred to House Foreign Affairs |
2015-02-05 | House | Referred to House Oversight and Government Reform |
2015-02-05 | House | Referred to House Ways and Means |
2015-02-05 | House | Referred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Government Reform, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
2015-02-05 | House | Introduced in House |
Subjects
Administrative law and regulatory procedures
Corporate finance and management
Department of the Treasury
Foreign and international corporations
Government employee pay, benefits, personnel management
Government operations and politics
Income tax rates
Taxation of foreign income
Corporate finance and management
Department of the Treasury
Foreign and international corporations
Government employee pay, benefits, personnel management
Government operations and politics
Income tax rates
Taxation of foreign income
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/785/all-info |
Text | https://www.congress.gov/114/bills/hr785/BILLS-114hr785ih.pdf |