AGREE Act

Summary

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.

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Timeline

1. 15 November 2011

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 15 November 2011

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 16 November 2011

   Introduced

   Sponsor introductory remarks on measure. (CR S7594-7596)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 15 November 2011 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 15 November 2011

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 15 November 2011

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in Senate

  summary · EN · 15 November 2011

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  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

• Sen. Coons, Christopher A. [D-DE] · D · Sponsor
• Sen. Rubio, Marco [R-FL] · R · Sponsor
• Sen. Gillibrand, Kirsten E. [D-NY] · D · Cosponsor
• Sen. Blunt, Roy [R-MO] · R · Cosponsor
• Sen. Casey, Robert P., Jr. [D-PA] · D · Cosponsor
• Sen. Begich, Mark [D-AK] · D · Cosponsor
• Sen. Wicker, Roger F. [R-MS] · R · Cosponsor
• Sen. Lee, Mike [R-UT] · R · Cosponsor
• Sen. Schumer, Charles E. [D-NY] · D · Cosponsor
• Sen. Risch, James E. [R-ID] · R · Cosponsor
• Sen. Brown, Scott P. [R-MA] · R · Cosponsor
• Sen. Boozman, John [R-AR] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → American Research and Competitiveness Act of 2011
• related to → Research and Development Tax Credit Extension Act of 2011
• related to → Help Veterans Own Franchises Act
• related to → Fairness for High-Skilled Immigrants Act of 2011
• related to → Domestic Jobs Innovation Bonus Act
• related to → Help Veterans Own Franchises Act
• related to → Small Business Jobs Tax Extenders Act of 2011
• related to → Fairness for High-Skilled Immigrants Act
• related to ← Fairness for High-Skilled Immigrants Act of 2011

Showing 9 of 11 related records.