Patriot Corporations of America Act of 2011

Summary

Patriot Corporations of America Act of 2011- Grants after 2011 a preference to Patriot corporations in the evaluation of bids or proposals for federal contracts. Defines "Patriot corporation" as a corporation which: (1) produces at least 90% of its goods and services in the United States; (2) does not pay its its management-level employees at a rate more than 10,000% of the compensation of its lowest paid employee; (3) conducts at least 50% of its research and development in the United States; (4) contributes at least 5% of its payroll to a portable pension fund for its employees; (5) pays at least 70% of its employees' health insurance costs; (6) maintains a policy of neutrality in employee organizing drives; (7) provides full differential salary and insurance benefits for all National Guard and Reserve employees who are called to active duty; and (8) has not violated federal regulations, including regulations relating to the environment, workplace safety, labor relations, and consumer protections. Amends the Internal Revenue Code to: (1) reduce the income tax rate for Patriot corporations; (2) reclassify foreign corporations created or organized to avoid federal taxation as domestic corporations for income tax purposes; and (3) increase, for the period between January 1, 2011, and December 31, 2012, the income tax rate for individual taxpayers with adjusted gross incomes of $500,000 or more ($1 million or more for joint returns).

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Timeline

1. 17 March 2011

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 17 March 2011

   Introduced

   Introduced in House

   Source: IntroReferral

3. 17 March 2011

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 April 2011

   Referred

   Referred to the Subcommittee on Technology, Information Policy, Intergovernmental Relations and Procurement Reform .

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 17 March 2011 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 March 2011

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 17 March 2011

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 17 March 2011

  Open at official source

  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Schakowsky, Janice D. [D-IL-9] · D · Sponsor
• Sen. Baldwin, Tammy [D-WI] · D · Sponsor
• Rep. Ellison, Keith [D-MN-5] · D · Sponsor
• Rep. Hinchey, Maurice D. [D-NY-22] · D · Sponsor
• Rep. McGovern, James P. [D-MA-2] · D · Sponsor
• Rep. Woolsey, Lynn C. [D-CA-6] · D · Sponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Sponsor
• Rep. Sutton, Betty [D-OH-13] · D · Sponsor
• Rep. Garamendi, John [D-CA-8] · D · Cosponsor
• Rep. Payne, Donald M. [D-NJ-10] · D · Cosponsor
• Rep. Rush, Bobby L. [D-IL-1] · D · Cosponsor
• · hsgo00 · Standing
• · hswm00 · Standing

Related records

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