Expressing the sense of the House that a Contract with America should restore American competitiveness.

Bill: 113-hres-745
Sponsor: full_name: Rep. Rice, Tom [R-SC-7]
Introduced: 2014-09-18
Policy area: Economics and Public Finance
Subjects: Administrative law and regulatory procedures

Budget deficits and national debt

Budget process

Competitiveness, trade promotion, trade deficits

Corporate finance and management

Foreign and international corporations

Immigration status and procedures

Income tax rates

Infrastructure development

Medicaid

Medicare

Oil and gas

Poverty and welfare assistance

Social security and elderly assistance

Tax reform and tax simplification

Taxation of foreign income

Trade restrictions
Latest action: action_date: 2014-09-19
text: Referred to the Subcommittee on Energy and Power.

Summaries:
action_date: 2014-09-18
action_desc: Introduced in House
text: <p>Expresses the sense of the House of Representatives that a Contract with America should include a roadmap to restore American competitiveness by:</p> <ul> <li> simplifying the corporate tax structure with lower statutory rates and no loopholes;</li> <li> taxing overseas profits earned by American multinational companies only where they are earned;</li> <li> easing the immigration of highly skilled individuals;</li> <li> responsibly developing America's shale-gas and oil reserves;</li> <li> aggressively addressing distortions and abuses in the international trading system;</li> <li>improving American logistics, communications, and energy infrastructure;</li> <li> simplifying and streamlining federal regulation; and</li> <li> creating a sustainable federal budget, including entitlement reform. </li> </ul>

tv_txt: IV 113th CONGRESS 2d Session H. RES. 745 IN THE HOUSE OF REPRESENTATIVES September 18, 2014 Mr. Rice of South Carolina submitted the following resolution; which was referred to the Committee on Ways and Means , and in addition to the Committees on the Judiciary , Natural Resources , and Energy and Commerce , 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 RESOLUTION Expressing the sense of the House that a Contract with America should restore American competitiveness.

Whereas Congress should conclude a Contract with America to restore American competitiveness; Whereas a Contract with America should include a roadmap to move American competitiveness forward; and Whereas Drs. Michael Porter and Jan Rivkin have developed an eight point plan to restore American competitiveness: Now, therefore, be it

That it is the sense of the House that a Contract with America should include a roadmap to restore American competitiveness by— (1) simplifying the corporate tax structure with lower statutory rates and no loopholes; (2) taxing overseas profits earned by American multinational companies only where they are earned; (3) easing the immigration of highly skilled individuals; (4) responsibly developing America’s shale-gas and oil reserves; (5) aggressively addressing distortions and abuses in the international trading system; (6) improving American logistics, communications, and energy infrastructure; (7) simplifying and streamlining Federal regulation; and (8) creating a sustainable Federal budget, including entitlement reform.