S. 1866 (112th): AGREE Act

Nov 15, 2011 (112th Congress, 2011–2013)
Died (Referred to Committee) in a previous session of Congress
See Instead:

H.R. 3476 (same title)
Referred to Committee — Nov 18, 2011

This bill was introduced on November 15, 2011, in a previous session of Congress, but was not enacted.

Nov 15, 2011
Chris Coons
Junior Senator from Delaware
Read Text »
Last Updated
Nov 15, 2011
24 pages
Related Bills
H.R. 3476 (identical)

Referred to Committee
Last Action: Nov 18, 2011

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

Referred to Committee
Last Action: Dec 13, 2011

Full Title

A bill to provide incentives for economic growth, and for other purposes.


No summaries available.

11 cosponsors (7R, 4D) (show)

Senate Finance

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Primary Source

THOMAS.gov (The Library of Congress)

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S. stands for Senate bill.

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The bill’s title was written by its sponsor.

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.

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

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