Protect Family Farms and Businesses Act
Latest action · Sep 28, 2016 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.
- IntroducedSep 28, 2016
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Protect Family Farms and Businesses Act
This bill prohibits proposed Internal Revenue Service regulations published on August 4, 2016, relating to restrictions on liquidation of an interest with respect to estate, gift, and generation-skipping transfer taxes from taking effect. The bill prohibits funds from being used to finalize, implement, administer, or enforce the proposed regulations or any substantially similar regulations.
Cosponsors 5
Members who signed on, in the order they did. Signatures ran from Sep 28, 2016 to Nov 16, 2016, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-AZ | Jeff Flake | Original | Sep 28, 2016 |
| R-KS | Jerry Moran | Original | Sep 28, 2016 |
| R-KS | Pat Roberts | Nov 15, 2016 | |
| R-MT | Steve Daines | Nov 15, 2016 | |
| R-NE | Deb Fischer | Nov 16, 2016 |
Actions 2
Everything that happened, newest first.
- Sep 28, 2016Introduced in Senate
- Sep 28, 2016Read twice and referred to the Committee on Finance.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 6042 | To nullify certain proposed regulations relating to restrictions on liquidation of an interest with respect to estate, gift, and generation-skipping transfer taxes. | Related bill | Sep 15, 2016 |
| HR 6100 | Protect Family Farms and Businesses Act | Identical bill | Sep 21, 2016 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Sep 28, 2016Introduced 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.
