Simplification Through Additional Reporting Tax Act of 2007
Latest action · Feb 14, 2007 Read twice and referred to the Committee on Finance.
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.
- IntroducedFeb 14, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Simplification Through Additional Reporting Tax Act of 2007 - Amends the Internal Revenue Code to include within the reporting requirements of investment brokers the adjusted basis of any security owned by customers of such brokers.
Cosponsors 18
Members who signed on, in the order they did. Signatures ran from Feb 14, 2007 to Feb 27, 2007; 16 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MN | Amy Klobuchar | Original | Feb 14, 2007 |
| D-IL | Barack Obama | Original | Feb 14, 2007 |
| D-MI | Carl Levin | Original | Feb 14, 2007 |
| D-NY | Charles E. Schumer | Original | Feb 14, 2007 |
| D-MI | Debbie Stabenow | Original | Feb 14, 2007 |
| D-CA | Dianne Feinstein | Original | Feb 14, 2007 |
| D-MA | Edward M. Kennedy | Original | Feb 14, 2007 |
| D-NY | Hillary Rodham Clinton | Original | Feb 14, 2007 |
| D-MA | John F. Kerry | Original | Feb 14, 2007 |
| I-CT | Joseph I. Lieberman | Original | Feb 14, 2007 |
| D-DE | Joseph R. Biden Jr. | Original | Feb 14, 2007 |
| D-VT | Patrick J. Leahy | Original | Feb 14, 2007 |
| D-IL | Richard J. Durbin | Original | Feb 14, 2007 |
| D-OH | Sherrod Brown | Original | Feb 14, 2007 |
| D-DE | Thomas R. Carper | Original | Feb 14, 2007 |
| R-OK | Tom Coburn | Original | Feb 14, 2007 |
| D-NM | Jeff Bingaman | Feb 15, 2007 | |
| D-NJ | Frank R. Lautenberg | Feb 27, 2007 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Feb 14, 2007 |
Actions 3
Everything that happened, newest first.
- Feb 14, 2007Introduced in Senate
- Feb 14, 2007Sponsor introductory remarks on measure. (CR S1978-1979)
- Feb 14, 2007Read twice and referred to the Committee on Finance.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S1978–S1980 | Barack Obama D-IL, Evan Bayh D-IN | Feb 14, 2007 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 878 | Simplification Through Additional Reporting Tax Act of 2007 | Identical bill | Feb 7, 2007 |
| S 2362 | Property Tax Fairness Act of 2007 | Related bill | Nov 15, 2007 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to require broker reporting of customer's basis in securities transactions, and for other purposes.
- Short Titles as Introduced
- Simplification Through Additional Reporting Tax Act of 2007
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Feb 14, 2007Introduced in Senate
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.
