HR 168 · 107th Congress 2001–2003, ended

To amend the Internal Revenue Code of 1986 to allow individuals an exclusion from gross income for certain amounts of capital gains distributions from regulated investment companies.

Introduced Jan 3, 2001 Originated House Sponsor Jim Saxton R-NJ

Latest action · Jan 3, 2001 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedJan 3, 2001
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Amends the Internal Revenue Code to exclude, subject to a $3,000 maximum exclusion (double for a joint return), from gross income a capital gain dividend which is: (1) distributed by a regulated investment company; and (2) automatically reinvested by the company in the stock of such company with respect to which the dividend is distributed.

Cosponsors 69

Members who signed on, in the order they did. Signatures ran from Jan 3, 2001 to Oct 8, 2002; 16 are original cosponsors, there from the day it was introduced.

Seat	Cosponsor		Signed on
R-CO	Bob Schaffer	Original	Jan 3, 2001
R-NC	Cass Ballenger	Original	Jan 3, 2001
R-CA	Christopher Cox	Original	Jan 3, 2001
R-CT	Christopher Shays	Original	Jan 3, 2001
R-FL	Dave Weldon	Original	Jan 3, 2001
R-WA	George R. Nethercutt Jr.	Original	Jan 3, 2001
R-GA	Jack Kingston	Original	Jan 3, 2001
R-AZ	Jim Kolbe	Original	Jan 3, 2001
R-OH	Michael G. Oxley	Original	Jan 3, 2001
R-CT	Nancy L. Johnson	Original	Jan 3, 2001
R-TX	Richard K. Armey	Original	Jan 3, 2001
D-NJ	Robert E. Andrews	Original	Jan 3, 2001
R-TX	Tom DeLay	Original	Jan 3, 2001
R-NY	Vito Fossella	Original	Jan 3, 2001
R-NC	Walter B. Jones	Original	Jan 3, 2001
R-MD	Wayne T. Gilchrest	Original	Jan 3, 2001
R-PA	Phil English		Jan 30, 2001
R-NY	Felix J. Grucci Jr.		Feb 6, 2001
R-TX	Ron Paul		Feb 7, 2001
R-TN	Zach Wamp		Feb 13, 2001
R-IN	Mark E. Souder		Feb 27, 2001
R-NJ	Mike Ferguson		Mar 6, 2001
R-OH	Paul E. Gillmor		Apr 3, 2001
R-VA	Tom Davis		Apr 3, 2001
R-ID	C. L. (Butch) Otter		Apr 4, 2001
R-FL	Ander Crenshaw		Apr 24, 2001
R-VA	Jo Ann Davis		Apr 24, 2001
R-CA	Dana Rohrabacher		May 1, 2001
R-GA	Johnny Isakson		May 2, 2001
R-LA	Richard H. Baker		May 8, 2001
R-VA	Eric Cantor		May 10, 2001
D-FL	Karen L. Thurman		May 15, 2001
R-CA	Ken Calvert		May 15, 2001
R-NE	Lee Terry		May 17, 2001
R-FL	Adam H. Putnam		May 21, 2001
R-KS	Jerry Moran		May 22, 2001
D-NJ	Bill Pascrell, Jr.		May 23, 2001
R-MI	Joe Knollenberg		May 23, 2001
R-IN	Mike Pence		May 23, 2001
D-KS	Dennis Moore		Jun 5, 2001
R-OH	Patrick J. Tiberi		Jun 5, 2001
D-TX	Martin Frost		Jun 20, 2001
D-CA	Zoe Lofgren		Jun 21, 2001
D-KY	Ken Lucas		Jun 25, 2001
R-IA	James A. Leach		Jun 26, 2001
R-IL	Henry J. Hyde		Jul 19, 2001
D-CT	James H. Maloney		Jul 19, 2001
R-NJ	Christopher H. Smith		Sep 6, 2001
R-IL	Donald A. Manzullo		Sep 28, 2001
R-FL	Dan Miller		Oct 9, 2001
R-CA	Stephen Horn		Dec 13, 2001
R-SC	Joe Wilson		Jan 29, 2002
R-MS	Roger F. Wicker		Mar 5, 2002
R-WA	Jennifer Dunn		Apr 9, 2002
R-ID	Michael K. Simpson		Apr 16, 2002
R-UT	Chris Cannon		May 7, 2002
R-NY	John M. McHugh		Jun 6, 2002
R-NE	Doug Bereuter		Jun 25, 2002
R-SC	Henry E. Brown, Jr.		Jun 25, 2002
R-NJ	Marge Roukema		Jun 25, 2002
R-WY	Barbara Cubin		Jun 26, 2002
R-NV	Jim Gibbons		Jun 26, 2002
D-HI	Neil Abercrombie		Jun 26, 2002
R-MO	W. Todd Akin		Jun 27, 2002
R-TN	William L. Jenkins		Jun 27, 2002
R-GA	Bob Barr		Jul 8, 2002
R-CA	Wally Herger		Jul 18, 2002
R-AL	Spencer Bachus		Jul 25, 2002
R-FL	Jeff Miller		Oct 8, 2002

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

Chamber	Committee	What it did
House	Ways and Means Committee	Referred Jan 3, 2001

Actions 2

Everything that happened, newest first.

Jan 3, 2001Introduced in House
Jan 3, 2001Referred to the House Committee on Ways and Means.

Titles 1

Every title it has carried, official and short, at each stage.

Official Title as Introduced: To amend the Internal Revenue Code of 1986 to allow individuals an exclusion from gross income for certain amounts of capital gains distributions from regulated investment companies.

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

Jan 3, 2001Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.