HR 1162 · 108th Congress 2003–2005, ended

Invest in America Act of 2003

Introduced Mar 6, 2003 Originated House Sponsor Adam Smith D-WA

Latest action · Mar 6, 2003 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.

IntroducedMar 6, 2003
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Invest in America Act of 2003 - Amends Internal Revenue Code provisions concerning controlled foreign corporations to allow, during the first taxable year of a U.S. shareholder ending 90 days after enactment, a limited dividend received deduction if the distribution is reinvested pursuant to a plan, approved by the president or chief executive officer of the U.S. shareholder prior to the distribution, under which the distribution is reinvested in the United States.

Cosponsors 29

Members who signed on, in the order they did. Signatures ran from Mar 6, 2003 to Apr 1, 2004; 16 are original cosponsors, there from the day it was introduced.

Seat	Cosponsor		Signed on
D-CA	Anna G. Eshoo	Original	Mar 6, 2003
D-WA	Brian Baird	Original	Mar 6, 2003
D-CA	Calvin M. Dooley	Original	Mar 6, 2003
D-NY	Carolyn McCarthy	Original	Mar 6, 2003
D-LA	Christopher John	Original	Mar 6, 2003
D-GA	David Scott	Original	Mar 6, 2003
D-HI	Ed Case	Original	Mar 6, 2003
D-CA	Ellen O. Tauscher	Original	Mar 6, 2003
D-TN	Jim Cooper	Original	Mar 6, 2003
D-FL	Jim Davis	Original	Mar 6, 2003
D-TX	Jim Turner	Original	Mar 6, 2003
D-NC	Mike McIntyre	Original	Mar 6, 2003
D-WI	Ron Kind	Original	Mar 6, 2003
D-TX	Silvestre Reyes	Original	Mar 6, 2003
D-OH	Stephanie Tubbs Jones	Original	Mar 6, 2003
D-CA	Zoe Lofgren	Original	Mar 6, 2003
D-NY	Steve Israel		Mar 13, 2003
D-MD	Albert Russell Wynn		Mar 27, 2003
D-TN	Lincoln Davis		Mar 27, 2003
D-NY	Joseph Crowley		Apr 3, 2003
D-CO	Mark Udall		Apr 9, 2003
D-TX	Chris Bell		Apr 10, 2003
D-LA	William J. Jefferson		May 9, 2003
D-OR	Earl Blumenauer		May 21, 2003
D-CA	Michael M. Honda		May 22, 2003
D-NC	Bob Etheridge		Jul 7, 2003
D-CA	Tom Lantos		Sep 17, 2003
D-CA	Mike Thompson		Oct 8, 2003
D-CO	Diana DeGette		Apr 1, 2004

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 Mar 6, 2003

Actions 2

Everything that happened, newest first.

Mar 6, 2003Introduced in House
Mar 6, 2003Referred to the House Committee on Ways and Means.

Titles 2

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

Official Title as Introduced: To amend the Internal Revenue Service Code of 1986 to allow a deduction for certain distributions from a controlled foreign corporation to encourage companies to invest in worker hiring and training, infrastructure investments, capital investments, financial stabilization of the company, and research and development.
Short Titles as Introduced: Invest in America Act of 2003

Subjects

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

Text 1

Each version as it was printed, newest first.

Mar 6, 2003Introduced 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.