H.R.4254 - Corporate Entitlement Reform Act of 2005109th Congress (2005-2006)
|Sponsor:||Rep. Cooper, Jim [D-TN-5] (Introduced 11/08/2005)|
|Committees:||House - Government Reform; Rules; Ways and Means|
|Latest Action:||11/08/2005 Referred to the Committee on Government Reform, and in addition to the Committees on Ways and Means, and Rules, 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.|
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Subject — Policy Area:
- Economics and Public Finance
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Summary: H.R.4254 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in House (11/08/2005)
Corporate Entitlement Reform Act of 2005 - Establishes the Corporate Entitlement Reform Commission to: (1) examine and identify federal programs and tax laws that provide corporate entitlements (federally-funded payments to profitmaking enterprises provided without a reasonable expectation that activities performed in return for such payments would result in benefits to the public at least as great as the payments); (2) review such entitlements; (3) recommend $50 billion in federal savings on corporate entitlements for the period beginning October 1, 2006, and ending September 30, 2016; and (4) report to Congress on its findings and recommendations.
Sets forth procedures for congressional consideration and implementation of the Commission's recommendations.