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United States · Bill · S

S. 207 (105th)

Corporate Subsidy Reform Commission Act of 1997

openUnited States· United States Congress· EN

Introduced

28 January 1997

Last action

9 October 1997 · Reported

Status

Placed on Senate Legislative Calendar under General Orders. Calendar No. 209.

Sponsors

Sen. McCain, John [R-AZ], Sen. Thompson, Fred [R-TN], Sen. Kerry, John F. [D-MA], Sen. Feingold, Russell D. [D-WI], Sen. Kennedy, Edward M. [D-MA], Sen. Coats, Daniel [R-IN], Sen. Glenn, John H., Jr. [D-OH], Sen. Lieberman, Joseph I. [D-CT], Sen. Brownback, Sam [R-KS], Sen. Abraham, Spencer [R-MI], Susan Collins, Rep. Smith, Bob [R-NH-1], Sen. Kohl, Herb [D-WI]

Subjects

Taxation

Source updated

7 April 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Corporate Subsidy Reform Commission Act of 1997 - Defines the term "inequitable Federal subsidy." Establishes an independent Corporate Reform Commission to: (1) examine the programs and tax laws of the Federal Government and identify those that provide inequitable Federal subsidies; (2) review inequitable Federal subsidies; and (3) submit a report to the President and the Congress in order to ensure fairness and equity in the operation and application of such existing programs or tax laws. Directs the Commission to limit its recommendations to the termination or reform of payments, benefits, services, or tax advantages, rather than the termination of Federal agencies and departments. Authorizes the Comptroller General of the United States to provide assistance, including the detailing of employees, to the Commission in accordance with an agreement entered into with the Commission. Requires the Commission and the Comptroller General to consult with certain congressional committees before entering into such agreement. Authorizes appropriations to the Commission and the Comptroller General. Sets forth procedures for Federal departments and agencies, the Commission, and the President for making recommendations to terminate inequitable Federal subsidies. Provides a special review requirement for international trade programs. Sets forth requirements for Commission reports and for congressional consideration of any subsequent presidential recommendations.

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

Timeline

  1. 28 January 1997

    Introduced

    Read twice and referred to the Committee on Governmental Affairs.

    Source: IntroReferral

  2. 28 January 1997

    Introduced

    Sponsor introductory remarks on measure. (CR S729-730)

    Source: IntroReferral

  3. 28 January 1997

    Introduced

    Introduced in Senate

    Source: IntroReferral

  4. 13 February 1997

    Committee

    Committee on Governmental Affairs. Hearings held. Hearings printed: S.Hrg. 105-209.

    Source: Committee

  5. 22 May 1997

    Reported

    Committee on Governmental Affairs. Ordered to be reported with amendments favorably.

    Source: Committee

  6. 9 October 1997

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 209.

    Source: Calendars

  7. 9 October 1997

    Reported

    Committee on Governmental Affairs. Reported to Senate by Senator Thompson with amendments and an amendment to the title. With written report No. 105-107. Additional views filed.

    Source: Committee

  8. 9 October 1997

    Reported

    Committee on Governmental Affairs. Reported to Senate by Senator Thompson with amendments and an amendment to the title. With written report No. 105-107. Additional views filed.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Sponsors

Related records

No cross-record relationships stored yet.

Sources

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