S. 636Senate110th Congress (2007-2009)In Committee

Reduce Wasteful Tax Forms Act of 2007

Introduced February 15, 2007

Legislative Activity

Stay on top of the latest movement without scrolling through every action

2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2086)

February 15, 2007

View full timeline
SenateIntro Referral

Introduced in Senate

February 15, 2007

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S2085-2086)

February 15, 2007

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2086)

February 15, 2007

Floor Debate

23 members

What members said about S. 636 on the floor

7 Republicans16 Democrats
Ron Wyden
Sen. Ron WydenD-OR · Feb 15, 2007

Mr. President, it has been more than 200 years since Lewis and Clark first laid eyes on Mount Hood. Today, I propose, with Senator Smith, that the spectacular mountain, seen first by our pioneers,…

Tom Harkin
Sen. Tom HarkinD-IA · Feb 15, 2007

Mr. President, today I am introducing the ``Competitive and Fair Agricultural Markets Act of 2007.'' Cosponsors joining me in introducing this legislation are: Senators Enzi, Feingold, Thomas,…

Edward M. Kennedy
Sen. Edward M. KennedyD-MA · Feb 15, 2007

Mr. President, today, we are introducing legislation to give the Food and Drug Administration broad authority to regulate tobacco products. Congress cannot in good conscience allow the Federal agency…

Russell D. Feingold
Sen. Russell D. FeingoldD-WI · Feb 15, 2007

Mr. President, today I am introducing the third in a series of bills intended to support American companies and American workers. Earlier this week, I introduced a resolution which would set some…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Feb 15, 2007

Mr. President, today I introduce, with Senators Kerry and Menendez, an environmental justice bill that will help protect the well-being of minority and low-income communities throughout the United…

Show 8 more
Richard G. Lugar
Sen. Richard G. LugarR-IN · Feb 15, 2007

Mr. President, this legislation authorizes the creation of a civilian readiness corps to address post-conflict situations and other emergencies overseas. The Senate already embraced the creation of…

Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · Feb 15, 2007

I am proud to cosponsor this bill, which will create new and better tools to combat fraud, waste, and abuse in government contracting. I commend our chief sponsor, Senator Byron Dorgan, for his…

Dianne Feinstein
Sen. Dianne FeinsteinD-CA · Feb 15, 2007

Mr. President, I rise today to introduce legislation that ensures our Nation's homeland security grant resources are allocated in the most effective manner possible. I am pleased to be joined by my…

Christopher J. Dodd
Sen. Christopher J. DoddD-CT · Feb 15, 2007

Mr. President, I am pleased today to join with my colleague Senator Hatch to introduce legislation to protect the most vulnerable members of our society: newborn infants. Many people know the joy of…

Charles E. Schumer
Sen. Charles E. SchumerD-NY · Feb 15, 2007

Mr. President, I rise today to introduce the Access to Life-Saving Medicine Act with my colleague, Senator Clinton. Recognizing the promise of generic drugs as safe and effective treatments at…

Maria Cantwell
Sen. Maria CantwellD-WA · Feb 15, 2007

Mr. President, early in the 109th Congress I introduced a bill to address the troubling shortage of allied health professionals in our country. Sadly, we were unable to act on this bill despite…

Trent Lott
Sen. Trent LottR-MS · Feb 15, 2007

Mr. President, I wish to withhold until the Senator from Pennsylvania makes his brief remarks. Mr. President, may I get some time under the agreement? Probably 5 or 6 minutes. How much would you have…

John Cornyn
Sen. John CornynR-TX · Feb 15, 2007

Mr. President, I rise today to join with my colleague, Sen. Dianne Feinstein of California, and several of our distinguished colleagues in introducing The Risk-Based Homeland Security Grants Act of…

Show 11 more
Gordon H. Smith
Sen. Gordon H. SmithR-OR · Feb 15, 2007

Mr. President, I rise today to introduce the Veterans Eagle Parks Pass Act. This legislation would provide admission to any Federal park that charges an admissions fee by creating a ``Veterans Eagle…

Hillary Rodham Clinton
Sen. Hillary Rodham ClintonD-NY · Feb 15, 2007

Mr. President, I am pleased today to join with Senator Schumer to introduce the Access of Life-Saving Medicine Act. This legislation will have a dramatic impact on the rising costs of prescription…

Orrin G. Hatch
Sen. Orrin G. HatchR-UT · Feb 15, 2007

I am pleased to introduce today, along with my colleague Senator Christopher Dodd, the Newborn Screening Saves Lives Act of 2007. Every State and U.S. territory routinely screens newborns for certain…

Susan M. Collins
Sen. Susan M. CollinsR-ME · Feb 15, 2007

Mr. President, I am pleased to join with my colleague from Wisconsin, Senator Feingold, in introducing legislation to prohibit health insurers from denying benefits to plan participants if they are…

Harry Reid
Sen. Harry ReidD-NV · Feb 15, 2007

Mr. President, I want to express my support for the ``Insurance Industry Competition Act of 2007,'' which repeals the well- known McCarran-Ferguson Act. McCarran-Ferguson gave States the authority to…

John D. Rockefeller IV
Sen. John D. Rockefeller IVD-WV · Feb 15, 2007

Mr. President, today I join with my colleagues, Senator Olympia Snowe and Vice-Chairman Ted Stevens, to re-introduce the Antideficiency Act to protect the Universal Service Program. This is a…

Charles E. Schumer
Sen. Charles E. SchumerD-NY · Feb 15, 2007

Mr. President, I rise today to introduce the ``Reduce Wasteful Tax Forms Act of 2007.'' This bill extends the deadline from January 31 to February 15 for certain types of 1099 forms to be sent to…

Mark L. Pryor
Sen. Mark L. PryorD-AR · Feb 15, 2007

Mr. President, I wish to introduce two communications bills. First, I am introducing the Child Safe Viewing Act, a bill to develop the next generation of parental control technology. Last year,…

Arlen Specter
Sen. Arlen SpecterR-PA · Feb 15, 2007

Less than 5 minutes. Mr. President, I thank my distinguished colleague from Vermont. As noted earlier, legislation was introduced in the last Congress by Senator Leahy and myself and others to deal…

Daniel K. Akaka
Sen. Daniel K. AkakaD-HI · Feb 15, 2007

Mr. President, today I introduce the Disabled Veterans Insurance Improvement Act of 2007. The legislation would increase the amount of supplemental life insurance available to totally disabled…

Frank R. Lautenberg
Sen. Frank R. LautenbergD-NJ · Feb 15, 2007

Mr. President, I rise to introduce the Military Health Care Protection Act along with my colleagues, Senators Hagel, Kerry, and Lincoln. This important legislation will keep the Pentagon from…

Bill Text

Latest available legislative text

Reading Mode
Latest
Introduced in SenateIssued February 15, 2007

II

110th CONGRESS

1st Session

S. 636

IN THE SENATE OF THE UNITED STATES

February 15, 2007

Mr. Schumer introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to extend the reporting period for certain statements sent to taxpayers.

1.

Short title

This Act may be cited as the Reduce Wasteful Tax Forms Act of 2007.

2.

Extension of reporting period for certain statements sent to taxpayers

(a)

In general

The following provisions of the Internal Revenue Code of 1986 are each amended by striking January 31 and inserting February 15:

(1)

Subsection (c) of section 6042 (returns regarding payments of dividends and corporate earnings and profits).

(2)

Subsection (d) of section 6043A (returns relating to taxable mergers and acquisitions).

(3)

Subsection (e) of section 6044 (returns regarding payments of patronage dividends).

(4)

Subsection (b) of section 6045 (returns of brokers).

(5)

Subsection (b) of section 6050N (returns regarding payments of royalties).

(b)

Statements regarding certain returns relating to securities

Section 6041(d) of the Internal Revenue Code of 1986 is amended by striking January 31 and inserting January 31 (February 15, in the case of statements regarding returns relating to payments made by financial institutions to customers in connection with securities (including securities lending)).

(c)

Statements relating to certain substitute payments

Section 6045(d) of the Internal Revenue Code of 1986 is amended—

(1)

by striking at such time and, and

(2)

by inserting after other item. the following new sentence: The written statement required under the preceding sentence shall be furnished on or before February 15 of the year following the calendar year during which such payment was made..

(d)

Statements regarding certain reports by employers and plan administrators

Section 6047(d)(2) of the Internal Revenue Code of 1986 is amended by inserting , except that any report to any person other than the Secretary shall be furnished on or before February 15 of the year following the calendar year for which the report under paragraph (1) was required to be made after regulations.

(e)

Certain statements relating to interest payments

Section 6049(c)(2)(A) of the Internal Revenue Code of 1986 is amended by striking January 31 and inserting February 15 (January 31, in the case of any statement regarding a return relating to payments of interest made by any obligor described in subparagraph (B) or (C) of subsection (b)(1), unless such statement is combined in a statement the due date for which is February 15).

(f)

Effective date

The amendments made by this section shall apply to returns, reports, and other statements the due date for which (determined without regard to extensions) is after December 31, 2007.