US Congress House Bill 6616 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 7)
Status: Introduced on November 29 2012 - 25% progression, died in committee
Action: 2012-11-29 - Referred to House Foreign Affairs
Pending: House Foreign Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Prohibits the Secretary of the Treasury from assisting any foreign government with respect to the collection of any excise tax, related penalty, or related foreign judgment on securities transactions occurring on a U.S. exchange or over the counter within the United States, regardless of the nationality of the issuer of such security, the residence of any party to the transaction, or any existing tax treaty provision to the contrary (including Article 28 of the United States Tax Treaty With France). Directs the Secretary, pursuant to Article 29 of such Treaty, to exempt transactions occuring in the United States which are: (1) on a U.S. stock exchange, (2) between U.S. individuals, or (3) with U.S. financial services firms or branches of foreign firms operating in the United States.

To protect securities transactions in the United States from enforcement of certain excise taxes imposed by any foreign government, and for other purposes.

Rep. Tom Price [R-GA]	Rep. Diane Black [R-TN]	Rep. Charles Boustany [R-LA]	Rep. Kenny Marchant [R-TX]
Rep. Mick Mulvaney [R-SC]	Rep. Aaron Schock [R-IL]	Rep. Steve Stivers [R-OH]

Date	Chamber	Action
2012-11-29	House	Referred to House Foreign Affairs
2012-11-29	House	Referred to House Ways and Means
2012-11-29	House	Referred to the Committee on Ways and Means, and in addition to the Committee on 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.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/6616/all-info
Text	https://www.congress.gov/112/bills/hr6616/BILLS-112hr6616ih.pdf