H.R. 6616 (112th): To protect securities transactions in the United States from enforcement of certain excise taxes imposed by any foreign government, and for other purposes.

Introduced:
Nov 29, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Tom Price [R-GA6]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on November 29, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Nov 29, 2012
Referred to Committee Nov 29, 2012
Cosponsors
6 cosponsors (6R) (show)
Committees

House Foreign Affairs

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Last updated Nov 29, 2012.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

11/29/2012--Introduced.
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.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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