US HB1834 | 2011-2012 | 112th Congress

US Congress House Bill 1834 (Prior Session Legislation)

Status

Spectrum: Moderate Partisan Bill (Republican 94-15-1)
Status: Introduced on May 11 2011 - 25% progression, died in committee
Action: 2011-05-11 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Freedom to Invest Act of 2011 - Amends the Internal Revenue Code to: (1) extend the election allowed to a U.S. corporation to deduct dividends received from a controlled foreign corporation to the corporation's last taxable year beginning before the enactment of this Act or the first taxable year beginning during the one-year period beginning on such enactment date, and (2) reduce the amount of such tax deduction for corporations that fail to maintain specified employment levels for full-time U.S. employees.

Title

Freedom to Invest Act of 2011

Sponsors

Rep. Kevin Brady [R-TX]	Rep. Sandy Adams [R-FL]	Rep. Jason Altmire [D-PA]	Rep. Mark Amodei [R-NV]
Rep. John Barrow [D-GA]	Rep. Dan Benishek [R-MI]	Rep. Judy Biggert [R-IL]	Rep. Rob Bishop [R-UT]
Sen. Marsha Blackburn [R-TN]	Rep. Dan Boren [D-OK]	Rep. Mo Brooks [R-AL]	Rep. Paul Broun [R-GA]
Rep. Larry Bucshon [R-IN]	Rep. Ann Buerkle [R-NY]	Rep. Michael Burgess [R-TX]	Rep. Dan Burton [R-IN]
Rep. John Campbell [R-CA]	Rep. Francisco Canseco [R-TX]	Sen. Bill Cassidy [R-LA]	Rep. Jason Chaffetz [R-UT]
Rep. Ben Chandler [D-KY]	Rep. Mike Coffman [R-CO]	Rep. Tom Cole [R-OK]	Rep. Michael Conaway [R-TX]
Rep. Jim Cooper [D-TN]	Rep. Eric Crawford [R-AR]	Rep. Jeff Denham [R-CA]	Rep. Robert Dold [R-IL]
Rep. Jeff Duncan [R-SC]	Rep. Renee Ellmers [R-NC]	Rep. Anna Eshoo [D-CA]	Rep. Michael Fitzpatrick [R-PA]
Sen. Jeff Flake [R-AZ]	Rep. John Fleming [R-LA]	Rep. Trent Franks [R-AZ]	Rep. Rodney Frelinghuysen [R-NJ]
Rep. Bob Gibbs [R-OH]	Rep. Phil Gingrey [R-GA]	Rep. Louie Gohmert [R-TX]	Rep. Trey Gowdy [R-SC]
Rep. Kay Granger [R-TX]	Rep. Tom Graves [R-GA]	Rep. Tim Griffin [R-AR]	Rep. Michael Grimm [R-NY]
Rep. Frank Guinta [R-NH]	Rep. Richard Hanna [R-NY]	Rep. Andy Harris [R-MD]	Rep. Vicky Hartzler [R-MO]
Rep. Nan Hayworth [R-NY]	Rep. Joseph Heck [R-NV]	Rep. Michael Honda [D-CA]	Rep. Tim Huelskamp [R-KS]
Rep. Randy Hultgren [R-IL]	Rep. Bill Johnson [R-OH]	Rep. Jim Jordan [R-OH]	Rep. Mike Kelly [R-PA]
Rep. Peter King [R-NY]	Rep. Larry Kissell [D-NC]	Sen. James Lankford [R-OK]	Rep. Robert Latta [R-OH]
Rep. Zoe Lofgren [D-CA]	Rep. Billy Long [R-MO]	Sen. Cynthia Lummis [R-WY]	Rep. Kenny Marchant [R-TX]
Rep. Jim Matheson [D-UT]	Rep. Michael McCaul [R-TX]	Rep. Patrick McHenry [R-NC]	Rep. Mike McIntyre [D-NC]
Rep. Cathy McMorris Rodgers [R-WA]	Rep. Jeff Miller [R-FL]	Rep. James Moran [D-VA]	Rep. Mick Mulvaney [R-SC]
Rep. Tim Murphy [R-PA]	Rep. Sue Myrick [R-NC]	Rep. Randy Neugebauer [R-TX]	Rep. Richard Nugent [R-FL]
Rep. Devin Nunes [R-CA]	Rep. Alan Nunnelee [R-MS]	Rep. Pete Olson [R-TX]	Rep. Steven Palazzo [R-MS]
Rep. Ron Paul [R-TX]	Rep. Mike Pence [R-IN]	Rep. Pedro Pierluisi [N-PR]	Rep. Joseph Pitts [R-PA]
Rep. Jared Polis [D-CO]	Rep. Mike Pompeo [R-KS]	Rep. Bill Posey [R-FL]	Rep. Benjamin Quayle [R-AZ]
Rep. Denny Rehberg [R-MT]	Rep. Reid Ribble [R-WI]	Rep. Martha Roby [R-AL]	Rep. David Roe [R-TN]
Rep. Todd Rokita [R-IN]	Rep. Dennis Ross [R-FL]	Rep. Mike Ross [D-AR]	Rep. Steve Scalise [R-LA]
Rep. Robert Schilling [R-IL]	Rep. Austin Scott [R-GA]	Sen. Tim Scott [R-SC]	Rep. Heath Shuler [D-NC]
Rep. Steve Stivers [R-OH]	Rep. Marlin Stutzman [R-IN]	Rep. Lee Terry [R-NE]	Rep. Scott Tipton [R-CO]
Rep. Tim Walberg [R-MI]	Rep. Lynn Westmoreland [R-GA]	Rep. Joe Wilson [R-SC]	Rep. Steve Womack [R-AR]
Rep. Kevin Yoder [R-KS]	Sen. Todd Young [R-IN]

History

Date	Chamber	Action
2011-05-11	House	Referred to the House Committee on Ways and Means.

Same As/Similar To

SB1671 (Related) 2011-10-06 - Read twice and referred to the Committee on Finance.
HB3400 (Related) 2011-11-29 - Referred to the Subcommittee on Energy and Mineral Resources.