There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/08/2011)

American Research and Competitiveness Act of 2011 - Amends the Internal Revenue Code to: (1) extend through December 31, 2012, the tax credit for increasing research activities; and (2) increase the rate of the alternative simplified tax credit to 20% and make such credit permanent.