Corporate Subsidy Reform Commission Act of 2003

Bill: 108-hr-2153
Sponsor: Rep. Gephardt, Richard A. [D-MO-3]
Introduced: 2003-05-19 in the House
Policy area: Economics and Public Finance
Subjects: Commerce
Congress
Congressional agencies
Congressional investigations
Congressional oversight
Congressional reporting requirements
Corporation taxes
Corporations
Expedited congressional procedure
Federal advisory bodies
Federal employees
Foreign Trade and International Finance
Foreign trade policy
General Accounting Office
Government Accountability Office (GAO)
Government Operations and Politics
Government and business
Government paperwork
House rules and procedure
Income tax
Internal revenue law
Joint ventures
Labor and Employment
Legislation
Partnerships
Planning-programming-budgeting
Senate rules and procedure
Subsidies
Tax expenditures
Tax incidence
Tax rates
Taxation
Transfer of employees

Summary:
action_date: 2003-05-19
text: 
Corporate Subsidy Reform Commission Act of 2003 - Establishes an independent Corporate Subsidy Reform Commission to: (1) identify Federal programs and tax laws that provide inequitable Federal subsidies; (2) review such subsidies; (3) conduct public hearings on agency recommendations regarding inequitable subsidies; and (4) report to the President recommendations for termination, modification, or retention of each subsidy reviewed. Requires each Federal agency to include in budget documents submitted in 2004 a list of programs or tax laws within that agency that provide inequitable Federal subsidies, together with recommendations for appropriate action.
 
Requires the U.S. Trade Representative (USTR) to survey all federally supported international trade programs in all Federal agencies and certify as part of the USTR agency plan only those programs specifically intended and substantially needed to protect U.S. foreign trade interests. 
 
Requires the President to: (1) report to the Commission and Congress on his approval or disapproval of the entire package of Commission recommendations; and (2) certify the recommendations to Congress if the package is approved either initially or after being revised by the Commission after initial disapproval. Sets forth procedures for congressional implementation and consideration of recommendations certified by the President.

Legislative actions:
action_date: 2003-09-09
text: Referred to the Subcommittee on Technology and the House.
action_date: 2003-05-19
text: Referred to the Committee on Government Reform, and in addition to the Committees on Ways and Means, Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2003-05-19
text: Referred to the Committee on Government Reform, and in addition to the Committees on Ways and Means, Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2003-05-19
text: Referred to the Committee on Government Reform, and in addition to the Committees on Ways and Means, Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2003-05-19
text: Referred to the Committee on Government Reform, and in addition to the Committees on Ways and Means, Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2003-05-19
text: Referred to the Committee on Government Reform, and in addition to the Committees on Ways and Means, Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2003-05-19
text: Introduced in House
action_date: 2003-05-19
text: Introduced in House