GovTrack’s Bill Summary
We don’t have a summary available yet.
S. 2876 (111th): Wetlands Conservation Investment Act of 2009
- Introduced:
- Dec 11, 2009 (111th Congress, 2009–2010)
- Sponsor:
- Sen. Mary Landrieu [D-LA]
- Status:
- Died (Referred to Committee)
- See Instead:
- This bill was re-introduced as S. 664 (112th) on Mar 29, 2011.
The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.
Library of Congress Summary
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
12/11/2009--Introduced.
Wetlands Conservation Investment Act of 2009 - Amends the Internal Revenue Code to treat gain or loss from the sale or exchange of a mitigation bank credit by the sponsor of the mitigation bank (i.e., the wetland, stream, or other aquatic resource area that has been restored, established, enhanced, or preserved for the purpose of providing compensation for unavoidable impacts to aquatic resources) who earned such credit as the sale or exchange of a capital asset held for more than one year (thus allowing preferential tax treatment of such gain or loss).
Exempts from tax withholding requirements any gain from sales of mitigation bank credits.
House Republican Conference Summary
The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.
No summary available.
House Democratic Caucus Summary
The House Democratic Caucus does not provide summaries of bills.
So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.
We’ll be looking for a source of summaries from the other side in the meanwhile.