S. 1620Senate113th Congress (2013-2015)In Committee

Tax Transparency Act of 2013

Introduced October 30, 2013

Legislative Activity

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SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7678)

October 30, 2013

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SenateIntro Referral

Introduced in Senate

October 30, 2013

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7678)

October 30, 2013

Floor Debate

7 members

What members said about S. 1620 on the floor

6 Republicans1 Democrat
Lisa Murkowski
Sen. Lisa MurkowskiR-AK · Oct 30, 2013

Mr. President, I rise today to speak to an issue in my State of Alaska, in the State of North Dakota--quite honestly, in so many of our home States. We have facts, we have statistics, and we have…

Ron Johnson
Sen. Ron JohnsonR-WI · Oct 30, 2013

Mr. President, I come before you today to introduce a piece of legislation which is timely and very much needed. One of the reasons I decided to run for the Senate was the passage of the health care…

Susan M. Collins
Sen. Susan M. CollinsR-ME · Oct 30, 2013

Mr. President, today, Senator McCaskill, Senator Ayotte, Senator Heitkamp, and I are introducing the Enhanced Security Clearance Act of 2013, which would strengthen our process for allowing federal…

Heidi  Heitkamp
Sen. Heidi HeitkampD-ND · Oct 30, 2013

Mr. President, I will start with a story because I think a lot of us come to the Senate with a lot of experiences, a lot of common experiences, and I think the Senator from Alaska and I have shared…

Orrin G. Hatch
Sen. Orrin G. HatchR-UT · Oct 30, 2013

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

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John Cornyn
Sen. John CornynR-TX · Oct 30, 2013

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Mitch McConnell
Sen. Mitch McConnellR-KY · Oct 30, 2013

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

John Cornyn
Sen. John CornynR-TX · Oct 30, 2013

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

Latest available legislative text

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Introduced in SenateIssued October 30, 2013

II

113th CONGRESS

1st Session

S. 1620

IN THE SENATE OF THE UNITED STATES

October 30, 2013

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

A BILL

To prohibit the consideration of any bill by Congress unless a statement on tax transparency is provided in the bill.

1.

Short title

This Act may be cited as the Tax Transparency Act of 2013.

2.

Tax effect transparency

(a)

In general

Chapter 2 of title 1, United States Code, is amended by inserting after section 102 the following:

102a.

Tax effect transparency

(a)

In general

Each Act of Congress, bill, resolution, conference report thereon, or amendment there to, that modifies Federal tax law shall contain a statement describing the general effect of the modification on Federal tax law.

(b)

Failure To comply

(1)

In general

A failure to comply with subsection (a) shall give rise to a point of order in either House of Congress, which may be raised by any Senator during consideration in the Senate or any Member of the House of Representatives during consideration in the House of Representatives.

(2)

Nonexclusivity

The availability of a point of order under this section shall not affect the availability of any other point of order.

(c)

Disposition of point of order in the Senate

(1)

In general

Any Senator may raise a point of order that any matter is not in order under subsection (a).

(2)

Waiver

(A)

In general

Any Senator may move to waive a point of order raised under paragraph (1) by an affirmative vote of three-fifths of the Senators duly chosen and sworn.

(B)

Procedures

For a motion to waive a point of order under subparagraph (A) as to a matter—

(i)

a motion to table the point of order shall not be in order;

(ii)

all motions to waive one or more points of order under this section as to the matter shall be debatable for a total of not more than 1 hour, equally divided between the Senator raising the point of order and the Senator moving to waive the point of order or their designees; and

(iii)

a motion to waive the point of order shall not be amendable.

(d)

Disposition of point of order in the House of Representatives

(1)

In general

If a Member of the House of Representatives makes a point of order under this section, the Chair shall put the question of consideration with respect to the proposition of whether any statement made under subsection (a) was adequate or, in the absence of such a statement, whether a statement is required under subsection (a).

(2)

Consideration

For a point of order under this section made in the House of Representatives—

(A)

the question of consideration shall be debatable for 10 minutes, equally divided and controlled by the Member making the point of order and by an opponent, but shall otherwise be decided without intervening motion except one that the House of Representatives adjourn or that the Committee of the Whole rise, as the case may be;

(B)

in selecting the opponent, the Speaker of the House of Representatives should first recognize an opponent from the opposing party; and

(C)

the disposition of the question of consideration with respect to a measure shall be considered also to determine the question of consideration under this section with respect to an amendment made in order as original text.

(e)

Rulemaking authority

The provisions of this section are enacted by the Congress—

(1)

as an exercise of the rulemaking power of the House of Representatives and the Senate, respectively, and as such they shall be considered as part of the rules of each House, respectively, or of that House to which they specifically apply, and such rules shall supersede other rules only to the extent that they are inconsistent therewith; and

(2)

with full recognition of the constitutional right of either House to change such rules (so far as relating to such House) at any time, in the same manner, and to the same extent as in the case of any other rule of such House.

.

(b)

Clerical amendment

The table of sections at the beginning of chapter 2 of title 1, United States Code, is amended by inserting after the item relating to section 102 the following new item:

102a. Tax effect transparency.

.