US Congress Senate Bill 751 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Democrat 3)
Status: Introduced on March 31 2009 - 25% progression, died in chamber
Action: 2009-03-31 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4074)
Text: Latest bill text (Introduced) [PDF]

Fair Elections Revenue Act of 2009 - Amends the Internal Revenue Code to impose an excise tax on payments made pursuant to a U.S. government contract to any person which is not a state or local government or a foreign nation and has contracts with the U.S. government in excess of $10 million. Sets the rate of such tax at 0.50% of amounts paid under any such contract and limits the aggregate annual amount of tax imposed each year to not more than $500,000. Expresses the sense of the Senate that the tax revenues raised by this Act be used for the financing of a Fair Elections Fund and the public financing of Senate elections.

Fair Elections Revenue Act of 2009

Sen. Christopher Dodd [D-CT]

Sen. Richard Durbin [D-IL]

Sen. Arlen Specter [D-PA]

Date	Chamber	Action
2009-03-31		Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4074)
2009-03-31		Sponsor introductory remarks on measure. (CR S4073-4074)

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/751/all-info
Text	https://www.congress.gov/111/bills/s751/BILLS-111s751is.pdf