S.Amdt. 1242Senate114th Congress (2015-2017)2nd degree

To restore funding for the trade adjustment assistance program to the level established by the Trade Adjustment Assistance Extension Act of 2011.

Submitted May 14, 2015

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Floor Latest Action

Senate amendment not agreed to: Amendment SA 1242, under the order of 5/14/15, not having achieved 60 votes in the affirmative, was not agreed to in Senate by Yea-Nay Vote. 45 - 41. Record Vote Number: 181.

May 18, 2015

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Floor

Senate amendment not agreed to: Amendment SA 1242, under the order of 5/14/15, not having achieved 60 votes in the affirmative, was not agreed to in Senate by Yea-Nay Vote. 45 - 41. Record Vote Number: 181.

May 18, 2015

Floor

Roll call votes on amendments in Senate: Amendment SA 1242, under the order of 5/14/15, not having achieved 60 votes in the affirmative, was not agreed to in Senate by Yea-Nay Vote. 45 - 41. Record Vote Number: 181.

May 18, 2015

Floor

Considered by Senate. (consideration: CR S2951, S2954-2957, S2962-2964)

May 18, 2015

Floor

Amendment SA 1242, under the order of 5/14/15, not having achieved 60 votes in the affirmative, was not agreed to in Senate by Yea-Nay Vote. 45 - 41. Record Vote Number: 181.

May 18, 2015

Floor

Senate amendment submitted

May 14, 2015

Floor

Senate amendment proposed (on the floor): Amendment SA 1242 proposed by Senator Brown to Amendment SA 1221.(consideration: CR S2926-2927; text: CR S2926)

May 14, 2015

Floor

Senate amendment submitted

May 14, 2015

Floor

Amendment SA 1242 proposed by Senator Brown to Amendment SA 1221. (consideration: CR S2926-2927; text: CR S2926) To restore funding for the trade adjustment assistance program to the level established by the Trade Adjustment Assistance Extension Act of 2011.

May 14, 2015

Text

Submitted

SA 1242. Mr. BROWN submitted an amendment intended to be proposed to
amendment SA 1221 proposed by Mr. Hatch to the bill H.R. 1314, to amend
the Internal Revenue Code of 1986 to provide for a right to an
administrative appeal relating to adverse determinations of tax-exempt
status of certain organizations; as follows:

On page 118, strike lines 19 through 23, and insert the
following:
(b) Training Funds.--
(1) In general.--Section 236(a)(2)(A) of the Trade Act of
1974 (19 U.S.C. 2296(a)(2)(A)) is amended by striking ``shall
not exceed'' and all that follows and inserting ``shall not
exceed $575,000,000 for each of fiscal years 2015 through
2021.''.
(2) Offset.--
(A) Clarification of 6-year statute of limitations in case
of overstatement of basis.--Subparagraph (B) of Section
6501(e)(1) of the Internal Revenue Code of 1986 is amended--
(i) by striking ``and'' at the end of clause (i), by
redesignating clause (ii) as clause (iii), and by inserting
after clause (i) the following new clause:
``(ii) An understatement of gross income by reason of an
overstatement of unrecovered cost or other basis is an
omission from gross income;'', and
(ii) by inserting ``(other than in the case of an
overstatement of unrecovered cost or other basis)'' in clause
(iii) (as so redesignated) after ``In determining the amount
omitted from gross income'', and
(iii) by inserting ``AMOUNT OMITTED FROM'' after
``DETERMINATION OF'' in the heading thereof.
(B) Effective date.--The amendments made by subparagraph
(A) shall apply to--
(i) returns filed after the date of the enactment of this
Act; and
(ii) returns filed on or before such date if the period
specified in section 6501 of the Internal Revenue Code of
1986 (determined without regard to such amendments for
assessment of the taxes with respect to which such return
relates has not expired as of such date.
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