US Congress Senate Bill 1866 (Prior Session Legislation)

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November 16 2011 - Sponsor introductory remarks on measure. (CR S7594-7596)
Text: Latest bill text (Introduced) [PDF]

American Growth, Recovery, Empowerment, and Entrepreneurship Act or the AGREE Act - Amends the Internal Revenue Code to extend certain tax expenditure provisions for business taxpayers, including: (1) bonus depreciation and expensing of business and investment assets, (2) the 100% exclusion from gross income of gain from the sale or exchange of qualified small business stock, and (3) the tax credit for increasing research expenses. Increases to 20% the rate of the alternative simplified research tax credit and makes such credit permanent. Increases the research tax credit for the research expenses of manufacturers whose domestic production gross receipts exceed 50% of their total production gross receipts. Allows a business-related tax credit of up to $100,000 for 25% of the franchise fees paid or incurred by a veteran for the purchase of a franchise. Amends the Sarbanes-Oxley Act of 2002 to exempt certain small issuers of securities from the internal control reporting and assessment requirements of such Act. Amends the Immigration and Nationality Act to: (1) eliminate the per country numerical limitation for employment-based immigrants, and (2) increase the per country numerical limitation for family based immigrants from 7% to 15% of the total number of family-sponsored visas. Amends the Chinese Student Protection Act of 1992 to eliminate the provision requiring the reduction of annual People's Republic of China immigrant visas to offset status adjustments under such Act. Sets forth a transition period for employment-based immigrant visas and per country distribution rules for reserved and unreserved visas. Authorizes the Secretary of Homeland Security (DHS) to share information and provide: (1) unredacted samples of the products, packaging, and labels, or related photos with trademark right holders if United States Customs and Border Protection suspects an import or export violation under specified provisions of the Lanham Act relating to copied or simulated marks or names; and (2) samples to affected parties upon the seizure of material imported in violation of specified federal copyright laws prohibiting the circumvention of technological measures that control access to or protect a copyrighted work.

AGREE Act

Sen Coons, Christopher A.	Sen Begich, Mark	Sen Blunt, Roy	Sen Boozman, John
Sen Brown, Scott P.	Sen Casey, Robert P., Jr.	Sen Gillibrand, Kirsten E.	Sen Lee, Mike
Sen Risch, James E.	Sen Rubio, Marco	Sen Schumer, Charles E.	Sen Wicker, Roger F.

Date	Chamber	Action
2011-11-16	Senate	Sponsor introductory remarks on measure. (CR S7594-7596)
2011-11-15	Senate	Read twice and referred to the Committee on Finance.

HB3476 (Same As) 2012-01-12 - Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
SB1801 (Related) 2011-11-03 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7129-7131)
SB1873 (Related) 2011-11-15 - Read twice and referred to the Committee on Finance.
HB942 (Related) 2011-03-08 - Referred to the House Committee on Ways and Means.
HB1693 (Related) 2011-05-03 - Referred to the House Committee on Ways and Means.
HB2888 (Related) 2011-09-12 - Referred to the House Committee on Ways and Means.
HB3012 (Related) 2012-01-23 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 293.
SB155 (Related) 2011-01-25 - Read twice and referred to the Committee on Finance.
SB1540 (Related) 2011-09-12 - Read twice and referred to the Committee on Finance.
SB1857 (Related) 2011-11-10 - Read twice and referred to the Committee on the Judiciary.
SB1983 (Related) 2011-12-13 - Read twice and referred to the Committee on the Judiciary.

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d112:SN01866:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-112s1866is/pdf/BILLS-112s1866is.pdf