HR 2127 · 108th Congress 2003–2005, ended

Taxpayer Savings and Employee Notification Act of 2003

Latest action · Jun 20, 2003 Referred to the Subcommittee on Employer-Employee Relations.

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.

  1. IntroducedMay 15, 2003
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Taxpayer Savings and Employee Notification Act of 2003 - Amends the Internal Revenue Code to include in gross income from nonqualified company-owned life insurance contracts (as defined by this Act) income and death benefits (amounts exceeding reported income and premiums).

States that violations of such provisions shall be treated as a violation of an unfair or deceptive act or practice under the Federal Trade Commission Act.

Cosponsors 22

Members who signed on, in the order they did. Signatures ran from May 15, 2003 to Nov 7, 2003; 14 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
D-WAAdam SmithOriginalMay 15, 2003
D-CABarbara LeeOriginalMay 15, 2003
D-MICarolyn C. KilpatrickOriginalMay 15, 2003
D-NJDonald M. PayneOriginalMay 15, 2003
D-MAEdward J. MarkeyOriginalMay 15, 2003
D-TXGene GreenOriginalMay 15, 2003
D-TXMartin FrostOriginalMay 15, 2003
D-NYMaurice D. HincheyOriginalMay 15, 2003
D-ORPeter A. DeFazioOriginalMay 15, 2003
D-AZRaúl M. GrijalvaOriginalMay 15, 2003
D-CTRosa L. DeLauroOriginalMay 15, 2003
D-OHTim RyanOriginalMay 15, 2003
D-CATom LantosOriginalMay 15, 2003
R-AZTrent FranksOriginalMay 15, 2003
D-CAHilda L. SolisMay 22, 2003

Committees 3

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

ChamberCommitteeWhat it did
HouseWays and Means Committee
Referred May 15, 2003
HouseEnergy and Commerce Committee
Referred May 15, 2003
Commerce, Manufacturing, and Trade Subcommittee
Referred May 20, 2003
HouseEducation and Workforce Committee
Referred May 15, 2003
Health, Employment, Labor, and Pensions Subcommittee
Referred Jun 20, 2003

Actions 4

Everything that happened, newest first.

  1. Jun 20, 2003Referred to the Subcommittee on Employer-Employee Relations.
  2. May 20, 2003Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
  3. May 15, 2003Introduced in House
  4. May 15, 2003Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Printed hearings 1

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

NumberHearingCommitteeHeld
Serial No. 108-71SELECT TAX ISSUES96 pagesWays and Means CommitteeSep 23, 2004

CRS reports 1

Congressional Research Service work that CRS links to this bill or the law it became, newest first.

Cite it 1

Products on other subjects that cite it, usually among other measures.

ProductTitleKindPublished
RL33414Corporate-Owned Life Insurance (COLI): Insurance and Tax Issues ArchivedReportJan 21, 2011

Titles 2

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

Official Title as Introduced
To amend the Internal Revenue Code of 1986 to repeal tax benefits relating to company-owned life insurance.
Short Titles as Introduced
Taxpayer Savings and Employee Notification Act of 2003

Subjects

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

Text 1

Each version as it was printed, newest first.

  1. May 15, 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.