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United States · Bill · HR

H.R. 925 (105th)

Payoffs-for-Layoffs Corporate Welfare Elimination Act of 1997

openUnited States· United States Congress· EN

Introduced

5 March 1997

Last action

15 April 1997 · Committee

Status

Unfavorable Executive Comment Received from DOD.

Sponsors

Rep. Smith, Christopher H. [R-NJ-4], Sen. Sanders, Bernard [I-VT], Rep. DeFazio, Peter A. [D-OR-4], Rep. Klug, Scott L. [R-WI-2], Rep. Dickey, Jay [R-AR-4], Rep. Neumann, Mark W. [R-WI-1], Rep. Ackerman, Gary L. [D-NY-5], Rep. Barrett, Bill [R-NE-3], Rep. Lipinski, William O. [D-IL-3], Rep. Franks, Bob [R-NJ-7], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Chabot, Steve [R-OH-1], Rep. Kennelly, Barbara B. [D-CT-1], Rep. Watts, J. C., Jr. [R-OK-4], Rep. Stark, Fortney Pete [D-CA-13], Rep. Hoekstra, Peter [R-MI-2], Rep. Jackson Lee, Sheila [D-TX-18], Rep. LoBiondo, Frank A. [R-NJ-2], Rep. Evans, Lane [D-IL-17], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Frank, Barney [D-MA-4], Sen. Stabenow, Debbie [D-MI], Rep. Lewis, John [D-GA-5], Rep. Carson, Julia [D-IN-7], Rep. Blumenauer, Earl [D-OR-3], Rep. Ganske, Greg [R-IA-4], Rep. Parker, Mike [R-MS-4], Rep. Minge, David [D-MN-2], Rep. Kucinich, Dennis J. [D-OH-10], Rep. Owens, Major R. [D-NY-11], Rep. Kind, Ron [D-WI-3], Rep. Davis, Danny K. [D-IL-7], Rep. Barrett, Thomas M. [D-WI-5], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Rivers, Lynn N. [D-MI-13], Rep. Vento, Bruce F. [D-MN-4], Sen. Brown, Sherrod [D-OH], Rep. Furse, Elizabeth [D-OR-1], Rep. Farr, Sam [D-CA-20], Rep. Luther, Bill [D-MN-6], Rep. Rothman, Steven R. [D-NJ-9], Rep. Hooley, Darlene [D-OR-5], Rep. Tauscher, Ellen O. [D-CA-10]

Subjects

Defence, Taxation, Budget

Source updated

21 August 2025

Defence · Taxation · Budget

Summary

Payoffs-for-Layoffs Corporate Welfare Elimination Act of 1997 - Prohibits any funds appropriated or otherwise made available to the Department of Defense (DOD) from being obligated or expended for payment of any restructuring cost associated with a merger or acquisition incurred by a DOD contractor. Provides for the handling of contractor claims for such costs with respect to a merger or acquisition occurring before the enactment of this Act. Amends the National Defense Authorization Act for Fiscal Year 1995 to: (1) repeal a provision made inconsistent by this Act; (2) extend through FY 2000 a requirement of a report from the Secretary of Defense to the Congress concerning DOD savings achieved under a corporate restructuring; (3) require in such report certain additional information concerning DOD's past experience with contractors for which DOD agreed to allow such costs; and (4) require a current report from the Comptroller General to the Congress to include an estimate and description of the net effect on the Federal budget of reimbursing defense contractors for such costs.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 5 March 1997

    Introduced

    Referred to the House Committee on National Security.

    Source: IntroReferral

  2. 5 March 1997

    Introduced

    Sponsor introductory remarks on measure. (CR E376)

    Source: IntroReferral

  3. 5 March 1997

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 5 March 1997

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 14 April 1997

    Committee

    Executive Comment Requested from DOD.

    Source: Committee

  6. 15 April 1997

    Committee

    Unfavorable Executive Comment Received from DOD.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 5 March 1997

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 5 March 1997

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 5 March 1997

    Open at official source

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Sponsors

Related records

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Sources

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