US Congress Senate Bill 2287 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 10 2018 - 25% progression, died in committee
Action: 2018-01-10 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

No Taxation on Device Innovation Act This bill amends the Internal Revenue Code to repeal the excise tax on medical devices. The bill also prohibits: (1) major integrated oil companies from using the last-in, first-out (LIFO) accounting method; and (2) the issuance of new oil or natural gas production leases in the Gulf of Mexico under the Outer Continental Shelf Lands Act to any person who does not renegotiate certain existing leases to require royalty payments if the price of oil and natural gas is greater than or equal to specified price thresholds.

No Taxation on Device Innovation Act

Sen. Edward Markey [D-MA]

Sen. Elizabeth Warren [D-MA]

Date	Chamber	Action
2018-01-10	Senate	Read twice and referred to the Committee on Finance.

HB184 (Related) 2018-07-26 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 528.
SB108 (Related) 2017-01-12 - Read twice and referred to the Committee on Finance.
HR1011 (Similar To) 2018-07-24 - Motion to reconsider laid on the table Agreed to without objection.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/2287/all-info
Text	https://www.congress.gov/115/bills/s2287/BILLS-115s2287is.pdf