H.R. 5044House112th Congress (2011-2013)Passed House

Andrew P. Carpenter Tax Act

Introduced April 27, 2012

Legislative Activity

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11 earlier actions
SenateIntro Referral Latest Action

Received in the Senate and Read twice and referred to the Committee on Finance.

September 20, 2012

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HouseIntro Referral

Introduced in House

April 27, 2012

HouseIntro Referral

Referred to the House Committee on Ways and Means.

April 27, 2012

HouseCommittee

Referred to the Subcommittee on Trade .

May 2, 2012

HouseFloor

Mr. Johnson, Sam moved to suspend the rules and pass the bill, as amended.

September 19, 2012 • 4:46 PM

HouseFloor

Considered under suspension of the rules. (consideration: CR H6101-6104)

September 19, 2012 • 4:46 PM

HouseFloor

DEBATE - The House proceeded with forty minutes of debate on H.R. 5044.

September 19, 2012 • 4:46 PM

HouseFloor

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

September 19, 2012 • 5:07 PM

HouseFloor

Considered as unfinished business. (consideration: CR H6119-6120)

September 19, 2012 • 6:27 PM

HouseFloor

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 0 (Roll no. 585).(text: CR H6101-6102)

September 19, 2012 • 6:52 PM

HouseFloor

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 0 (Roll no. 585). (text: CR H6101-6102)

September 19, 2012 • 6:52 PM

HouseFloor

Motion to reconsider laid on the table Agreed to without objection.

September 19, 2012 • 6:52 PM

SenateIntro Referral

Received in the Senate and Read twice and referred to the Committee on Finance.

September 20, 2012

Floor Debate

23 members

What members said about H.R. 5044 on the floor

12 Republicans11 Democrats
Henry A. Waxman
Rep. Henry A. WaxmanD-CA-30 · Sep 21, 2012

Mr. Chairman, I seek to claim the time in opposition to the amendment. Mr. Chairman and my colleagues, I oppose this amendment. It would make a terrible bill even worse. Our Nation's environmental…

Frank Pallone, Jr.
Rep. Frank Pallone, Jr.D-NJ-6 · Sep 21, 2012

Mr. Chairman, I rise to claim time in opposition to Mr. McKinley's amendment. I yield myself such time as I may consume. Mr. Chairman, this amendment would take away the EPA's authority under the…

Peter A. DeFazio
Rep. Peter A. DeFazioD-OR-4 · Sep 21, 2012

Mr. Chairman, I have an amendment at the desk. Well, today, the do-nothing Congress will slink out of town. It's going to be the earliest adjournment in an election year since 1960; but, you know, I…

Jim McDermott
Rep. Jim McDermottD-WA-7 · Sep 19, 2012

Mr. Speaker, I yield 3 minutes to the gentlewoman from Texas (Ms. Jackson Lee). I yield the gentlelady an additional minute. I assume, Mr. Speaker, that the majority is prepared to close, and I yield…

Edward J. Markey
Rep. Edward J. MarkeyD-MA-7 · Sep 21, 2012

I have an amendment at the desk, Mr. Chairman. Mr. Chairman, I yield myself such time as I may consume. My amendment is going to call for 25 percent of the electricity in the United States being…

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Paul A. Gosar
Rep. Paul A. GosarR-AZ-1 · Sep 21, 2012

Mr. Chairman, I would like to support and thank my colleagues, Congressmen Jeff Flake and Rick Berg, and support this amendment. I represent the areas where two of the Arizona plants threatened by…

Lois Capps
Rep. Lois CappsD-CA-23 · Sep 21, 2012

Mr. Speaker, I have a motion to recommit at the desk. Yes, I am opposed. Mr. Speaker, there are many times when we come to this floor and engage in heated debate, and we've heard some heated debate…

Sheila Jackson Lee
Rep. Sheila Jackson LeeD-TX-18 · Sep 21, 2012

Mr. Chairman, I have an amendment at the desk. Mr. Chairman, this is an amendment, I believe, that common sense would allow us to work together and pass. This amendment would simply maintain the…

Scott DesJarlais
Rep. Scott DesJarlaisR-TN-4 · Sep 19, 2012

Mr. Speaker, before I begin my remarks, I want to take a few moments to thank Majority Whip Kevin McCarthy, Majority Leader Eric Cantor, and Ways and Means Chairman David Camp for their help in…

David B. McKinley
Rep. David B. McKinleyR-WV-1 · Sep 21, 2012

Mr. Chairman, I have an amendment at the desk. Mr. Chairman, this amendment will prohibit the EPA from retroactively invalidating permits after they have been issued. On January 13, 2011, the EPA…

Sheila Jackson Lee
Rep. Sheila Jackson LeeD-TX-18 · Sep 19, 2012

I thank the subcommittee ranking member on the Ways and Means Committee for his leadership, and I thank my friend from Texas, Congressman Johnson, for managing, and the sponsor of this legislation as…

Mike Ross
Rep. Mike RossD-AR-4 · Sep 25, 2012

Mr. Speaker, on September 19-21, 2012, I was not present for the following votes. Rollcall vote 585 on passage of H.R. 5044, the Andrew P. Carpenter Tax Act. Had I been present, I would have voted…

Ed Whitfield
Rep. Ed WhitfieldR-KY-1 · Sep 21, 2012

Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days in which to revise and extend their remarks and include extraneous material on H.R. 3409. I rise to claim time in…

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Bob Gibbs
Rep. Bob GibbsR-OH-18 · Sep 21, 2012

Mr. Chairman, I rise in opposition to the amendment. Mr. Chairman, I object to the amendment. I reserve the balance of my time. Mr. Chairman, I yield myself such time as I may consume. I rise in…

Scott Garrett
Rep. Scott GarrettR-NJ-5 · Sep 21, 2012

Mr. Chair, on rollcall No. 592, I was unable to be in attendance for this vote as I was attending the funeral of a family member. Had I been present, I would have voted ``no.'' Amendment No. 3…

Jeff Flake
Rep. Jeff FlakeR-AZ-6 · Sep 21, 2012

Mr. Chair, I rise as the designee of the gentleman from North Dakota to offer amendment No. 12 made in order by the rule providing for consideration of H.R. 3409. I thank the Chair, and I'll…

Ben Ray Luján
Rep. Ben Ray LujánD-NM-3 · Sep 21, 2012

Mr. Chairman, I rise in opposition to the amendment. This amendment is being offered under the guise of protecting tribal sovereignty when we have seen the complete opposite from the majority during…

Sam Johnson
Rep. Sam JohnsonR-TX-3 · Sep 19, 2012

Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 5044) to amend the Internal Revenue Code of 1986 to exclude from gross income any discharge of indebtedness income on education loans…

Bob Filner
Rep. Bob FilnerD-CA-51 · Sep 21, 2012

Mr. Chair, on rollcall 592, I was away from the Capitol due to prior commitments to my constituents. Had I been present, I would have voted ``aye.'' Mr. Chair, on rollcall 593, I was away from the…

Sander M. Levin
Rep. Sander M. LevinD-MI-12 · Sep 19, 2012

I yield myself such time as I may consume. Mr. Speaker, this bill does address an issue that needs consideration. Lieutenant Carpenter died serving his Nation. He possessed outstanding student loans.…

Bill Johnson
Rep. Bill JohnsonR-OH-6 · Sep 21, 2012

Mr. Speaker, I rise in opposition to the motion to recommit. Mr. Speaker, this motion is nothing more than a distraction from the underlying legislation that we're considering today, and the journey…

James Lankford
Rep. James LankfordR-OK-5 · Sep 21, 2012

Well, this is an interesting conversation when you deal with how this all came about. In January of 2009, the Sierra Club and several other organizations sued the EPA to expand their authority, to…

Trent Franks
Rep. Trent FranksR-AZ-2 · Sep 21, 2012

I thank the gentleman for yielding. Mr. Chairman, this amendment is offered by Mr. Gosar from Arizona, and it confronts a stunning example of environmentalism run amuck. If the Navajo Generating…

Paul D. Ryan
Rep. Paul D. RyanR-WI-1 · Sep 21, 2012

Mr. Speaker, during the course of the week, I was absent for legislative business; had I been present, I would have cast the following votes: Rollcall 585--H.R. 5044--On Motion to Suspend the Rules…

Bill Text

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Referred in SenateIssued September 20, 2012

IIB

112th CONGRESS

2d Session

H. R. 5044

IN THE SENATE OF THE UNITED STATES

September 20, 2012

Received; read twice and referred to the Committee on Finance

AN ACT

To amend the Internal Revenue Code of 1986 to exclude from gross income any discharge of indebtedness income on education loans of deceased veterans.

1.

Short title

This Act may be cited as the Andrew P. Carpenter Tax Act.

2.

Discharge of indebtedness income on education loans of deceased veterans

(a)

In general

Subsection (f) of section 108 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:

(5)

Deceased veterans

(A)

In general

In the case of any student loan described in subparagraph (B) of an individual who is a veteran who served on active duty in the Armed Forces of the United States and who is deceased as a result of a service-connected disability, no amount which (but for this paragraph) would otherwise be includible in gross income by reason of the discharge (in whole or in part) of such loan shall be includible in gross income of any cosigner on such loan.

(B)

Student loan described

For purposes of subparagraph (A), a student loan described in this subparagraph is a loan that—

(i)

is made, insured, or guaranteed under title IV of the Higher Education Act of 1965, or

(ii)

is a private education loan (as defined in section 140(a)(7) of the Truth in Lending Act (15 U.S.C. 1650(a)(7))), made by an entity (other than an entity described in paragraph (2)) to an individual to assist the individual in attending an educational organization described in section 170(b)(1)(A)(ii).

(C)

Service-connected disability

For purposes of subparagraph (A), the term service-connected disability has the meaning given such term by section 101(16) of title 38, United States Code.

.

(b)

Effective date

The amendments made by this section shall apply to discharges of indebtedness occurring on or after October 7, 2001.

(c)

Waiver of limitation for credits and refunds attributable to this Act

If the credit or refund of any overpayment of tax resulting from the application of the amendment made by subsection (a) to a period before the date of enactment of this Act is prevented as of such date by the operation of any law or rule of law (including res judicata), such credit or refund may nevertheless be allowed or made if the claim therefor is filed before the close of the 1-year period beginning on the date of the enactment of this Act.

3.

Accounts in the Thrift Savings Fund subject to certain Federal tax levies

(a)

In general

Section 8437(e)(3) of title 5, United States Code, is amended in the first sentence—

(1)

by striking 659) and inserting 659),; and

(2)

by striking the period at the end and inserting the following: , and shall be subject to a Federal tax levy under section 6331 of the Internal Revenue Code of 1986..

(b)

Disposition of amounts

Any potential revenue gain attributable to the enactment of this Act, as determined by the Director of the Congressional Budget Office—

(1)

shall be deposited in the general fund of the Treasury of the United States; and

(2)

shall be used solely for purposes of deficit reduction.

Passed the House of Representatives September 19, 2012.

Karen L. Haas,

Clerk.