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]

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).

Tracking Information

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Title

Federal Employee Pension Fairness Act of 2015

Sponsors


History

DateChamberAction
2015-02-05HouseReferred to House Foreign Affairs
2015-02-05HouseReferred to House Oversight and Government Reform
2015-02-05HouseReferred to House Ways and Means
2015-02-05HouseReferred 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.
2015-02-05HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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