HR 4254 · 109th Congress · Economics and Public Finance
Corporate Entitlement Reform Act of 2005
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: 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.(2005-11-08)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (10)
10 Democrats