S.2181 - Corporate Subsidy Reform Commission Act of 2002107th Congress (2001-2002)
|Sponsor:||Sen. McCain, John [R-AZ] (Introduced 04/17/2002)|
|Committees:||Senate - Governmental Affairs|
|Latest Action:||04/17/2002 Read twice and referred to the Committee on Governmental Affairs. (All Actions)|
This bill has the status Introduced
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Summary: S.2181 — 107th Congress (2001-2002)All Bill Information (Except Text)
Corporate Subsidy Reform Commission Act of 2002 - 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.
Introduced in Senate (04/17/2002)
Requires each Federal agency to include in budget documents submitted in 2003 a list of programs or tax laws within that agency that provide inequitable Federal subsidies, together with recommendations for appropriate action. Provides a special review requirement for international trade programs.
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.