HR 2940 · 109th Congress 2005–2007, ended

To amend the Internal Revenue Code of 1986 to clarify that certain settlement funds established under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 are beneficially owned by the United States and are not subject to tax.

Introduced Jun 16, 2005 Originated House Sponsor Phil English R-PA

Fact sheet

Latest action · Jun 16, 2005 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.

IntroducedJun 16, 2005
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Amends the Internal Revenue Code to exempt from income taxation certain settlement funds established under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980.

Cosponsors 5

Members who signed on, in the order they did. All signed on Jun 16, 2005.

Seat	Cosponsor		Signed on
R-IL	Jerry Weller	Original	Jun 16, 2005
D-CA	Mike Thompson	Original	Jun 16, 2005
R-NY	Sherwood Boehlert	Original	Jun 16, 2005
R-NY	Thomas M. Reynolds	Original	Jun 16, 2005
D-CA	Xavier Becerra	Original	Jun 16, 2005

Actions 2

Everything that happened, newest first.

Jun 16, 2005Introduced in House
Jun 16, 2005Referred to the House Committee on Ways and Means.

Subjects

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

Text 1

Each version as it was printed, newest first.

Jun 16, 2005Introduced 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.