H.R. 3476 (112th): AGREE Act

Introduced:
Nov 18, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Richard Hanna
Representative for New York's 24th congressional district
Party
Republican
Text
Read Text »
Last Updated
Nov 18, 2011
Length
24 pages
Related Bills
S. 1866 (identical)

Referred to Committee
Last Action: Nov 15, 2011

S. 1983 (Related)
Fairness for High-Skilled Immigrants Act of 2011

Referred to Committee
Last Action: Dec 13, 2011

 
Status

This bill was introduced on November 18, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Nov 18, 2011
Referred to Committee Nov 18, 2011
 
Full Title

To provide incentives for economic growth, and for other purposes.

Summary

No summaries available.

Cosponsors
5 cosponsors (4D, 1R) (show)
Committees

House Financial Services

Capital Markets and Government Sponsored Enterprises

House Judiciary

Immigration and Border Security

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)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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Citation

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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.


11/18/2011--Introduced.
American Growth, Recovery, Empowerment, and Entrepreneurship Act or the AGREE Act - Amends the Internal Revenue Code to extend certain tax expenditure provisions for business taxpayers, including: (1) bonus depreciation and expensing of business and investment assets, (2) the 100% exclusion from gross income of gain from the sale or exchange of qualified small business stock, and (3) the tax credit for increasing research expenses.
Increases to 20% the rate of the alternative simplified research tax credit and makes such credit permanent. Increases the research tax credit for the research expenses of manufacturers whose domestic production gross receipts exceed 50% of their total production gross receipts.
Allows a business-related tax credit of up to $100,000 for 25% of the franchise fees paid or incurred by a veteran for the purchase of a franchise.
Amends the Sarbanes-Oxley Act of 2002 to exempt certain small issuers of securities from the internal control reporting and assessment requirements of such Act.
Amends the Immigration and Nationality Act to: (1) eliminate the per country numerical limitation for employment-based immigrants, and (2) increase the per country numerical limitation for family based immigrants from 7% to 15% of the total number of family-sponsored visas.
Amends the Chinese Student Protection Act of 1992 to eliminate the provision requiring the reduction of annual People's Republic of China immigrant visas to offset status adjustments under such Act.
Sets forth a transition period for employment-based immigrant visas and per country distribution rules for reserved and unreserved visas.
Authorizes the Secretary of Homeland Security (DHS) to share information and provide:
(1) unredacted samples of the products, packaging, and labels, or related photos with trademark right holders if United States Customs and Border Protection suspects an import or export violation under specified provisions of the Lanham Act relating to copied or simulated marks or names; and
(2) samples to affected parties upon the seizure of material imported in violation of specified federal copyright laws prohibiting the circumvention of technological measures that control access to or protect a copyrighted work.

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.

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