US SJR40 | 2011-2012 | 112th Congress
Status
Spectrum: Strong Partisan Bill (Republican 11-1)
Status: Introduced on May 15 2012 - 25% progression, died in committee
Action: 2012-05-15 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 15 2012 - 25% progression, died in committee
Action: 2012-05-15 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Disapproves and nullifies the rule submitted by the Department of the Treasury and the Internal Revenue Service (IRS) relating to the reporting requirements for interest that relates to deposits maintained at U.S. offices of certain financial institutions and that is paid to certain nonresident alien individuals.
Title
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rules submitted by the Department of the Treasury and the Internal Revenue Service relating to the reporting requirements for interest that relates to the deposits maintained at United States offices of certain financial institutions and is paid to certain nonresident alien individuals.
Sponsors
| Sen. Marco Rubio [R-FL] | Sen. Roy Blunt [R-MO] | Sen. Saxby Chambliss [R-GA] | Sen. John Cornyn [R-TX] |
| Sen. Jim DeMint [R-SC] | Sen. Kay Hutchison [R-TX] | Sen. James Inhofe [R-OK] | Sen. Mike Lee [R-UT] |
| Sen. Bill Nelson [D-FL] | Sen. Rand Paul [R-KY] | Sen. James Risch [R-ID] | Sen. John Thune [R-SD] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-05-15 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HJR108 (Same As) 2012-05-10 - Referred to the House Committee on Ways and Means.
HJR113 (Same As) 2012-06-28 - Referred to the House Committee on Ways and Means.
SJR46 (Related) 2012-06-28 - Read twice and referred to the Committee on Finance.
HJR113 (Same As) 2012-06-28 - Referred to the House Committee on Ways and Means.
SJR46 (Related) 2012-06-28 - Read twice and referred to the Committee on Finance.
Subjects
Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business records
Congressional oversight
Department of the Treasury
Finance and financial sector
Foreign and international banking
Interest, dividends, interest rates
Internal Revenue Service (IRS)
Tax administration and collection, taxpayers
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business records
Congressional oversight
Department of the Treasury
Finance and financial sector
Foreign and international banking
Interest, dividends, interest rates
Internal Revenue Service (IRS)
Tax administration and collection, taxpayers
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-joint-resolution/40/all-info |
| Text | https://www.congress.gov/112/bills/sjres40/BILLS-112sjres40is.pdf |
