US Congress House Bill 1874 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 18-0)
Status: Introduced on April 2 2009 - 25% progression, died in committee
Action: 2009-04-02 - Referred to House Oversight and Government Reform
Pending: House Oversight And Government Reform Committee
Text: Latest bill text (Introduced) [PDF]

Patriot Corporations of America Act of 2009 - Grants after 2009 a preference to Patriot corporations in the evaluation of bids or proposals for federal contracts. Defines " Patriot corporation" as a corporation which: (1) produces at least 90% of its goods and services in the United States; (2) does not pay its its management-level employees at a rate more than 10,000% of the compensation of its lowest paid employee; (3) conducts at least 50% of its research and development in the United States; (4) contributes at least 5% of its payroll to a portable pension fund for its employees; (5) pays at least 70% of its employees' health insurance costs; (6) maintains a policy of neutrality in employee organizing drives; (7) provides full differential salary and insurance benefits for all National Guard and Reserve employees who are called to active duty; and (8) has not violated federal regulations, including regulations relating to the environment, workplace safety, labor relations, and consumer protections. Amends the Internal Revenue Code to: (1) reduce the income tax rate for Patriot corporations; (2) reclassify foreign corporations created or organized to avoid federal taxation as domestic corporations for income tax purposes; and (3) increase, for the period between January 1, 2009, and December 31, 2010, the income tax rate for individual taxpayers with adjusted gross incomes of $500,000 or more ($1 million or more for joint returns).

Patriot Corporations of America Act of 2009

Sen. Tammy Baldwin [D-WI]	Rep. Robert Brady [D-PA]	Rep. Russ Carnahan [D-MO]	Rep. Keith Ellison [D-MN]
Rep. Luis Gutierrez [D-IL]	Rep. John Hall [D-NY]	Rep. Phil Hare [D-IL]	Rep. Maurice Hinchey [D-NY]
Rep. Marcy Kaptur [D-OH]	Rep. Daniel Lipinski [D-IL]	Rep. Eric Massa [D-NY]	Rep. James McGovern [D-MA]
Rep. Michael Michaud [D-ME]	Rep. Tim Ryan [D-OH]	Rep. Janice Schakowsky [D-IL]	Rep. Heath Shuler [D-NC]
Rep. Betty Sutton [D-OH]	Rep. Lynn Woolsey [D-CA]

Date	Chamber	Action
2009-04-02		Referred to House Oversight and Government Reform
2009-04-02		Referred to House Ways and Means
2009-04-02		Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, 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.
2009-04-02		Sponsor introductory remarks on measure. (CR E863)

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/1874/all-info
Text	https://www.congress.gov/111/bills/hr1874/BILLS-111hr1874ih.pdf