No Taxation on Device Innovation Act
Latest action · Jan 10, 2018 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.
- IntroducedJan 10, 2018
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
No Taxation on Device Innovation Act
This bill amends the Internal Revenue Code to repeal the excise tax on medical devices. The bill also prohibits: (1) major integrated oil companies from using the last-in, first-out (LIFO) accounting method; and (2) the issuance of new oil or natural gas production leases in the Gulf of Mexico under the Outer Continental Shelf Lands Act to any person who does not renegotiate certain existing leases to require royalty payments if the price of oil and natural gas is greater than or equal to specified price thresholds.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jan 10, 2018.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MA | Elizabeth Warren | Original | Jan 10, 2018 |
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 Jan 10, 2018 |
Actions 2
Everything that happened, newest first.
- Jan 10, 2018Introduced in Senate
- Jan 10, 2018Read twice and referred to the Committee on Finance.
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 108 | Medical Device Access and Innovation Protection Act | Related bill | Jan 12, 2017 |
| HR 184 | Protect Medical Innovation Act of 2018 | Related bill | Jul 26, 2018 |
| S 844 | A bill to repeal the medical device excise tax, and for other purposes. | Reintroduction of | Mar 24, 2015 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to repeal the medical device excise tax, and for other purposes.
- Short Titles as Introduced
- No Taxation on Device Innovation Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jan 10, 2018Introduced 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.
