H.R. 767 (108th): Homeland Investment Act of 2003

Introduced:
Feb 13, 2003 (108th Congress, 2003–2004)
Status:
Died (Referred to Committee)
Sponsor
Philip “Phil” English
Representative for Pennsylvania's 3rd congressional district
Party
Republican
Text
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Last Updated
Feb 13, 2003
Length
7 pages
 
Status

This bill was introduced on February 13, 2003, in a previous session of Congress, but was not enacted.

Progress
Introduced Feb 13, 2003
Referred to Committee Feb 13, 2003
 
Full Title

To amend the Internal Revenue Code of 1986 to encourage investing of foreign earnings within the United States for productive business purposes.

Summary

No summaries available.

Cosponsors
45 cosponsors (45R) (show)
Committees

House Ways and Means

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


2/13/2003--Introduced.
Homeland Investment Act of 2003 - Amends the Internal Revenue Code to permit a U.S. corporation doing business abroad to elect to have its foreign earnings taxed in the United States for one year at a rate equal to 5.25 percent of the excess qualified foreign distribution and the amount attributable to such corporation as controlled foreign-earned dividends in lieu of being taxed under individual or corporate rates.Limits foreign tax credits with respect to dividends taxed at such 5.25 percent rate.

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

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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.

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