HR 2542 · 111th Congress · Taxation

American Shipping Reinvestment Act of 2009

Introduced 2009-05-21· Sponsored by Rep. McDermott, Jim [D-WA-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2009-05-21)

Plain Language Summary

[AI summary unavailable — showing source text] American Shipping Reinvestment Act of 2009 - Amends the Internal Revenue Code to: (1) repeal shipping investment withdrawal tax rules; and (2) allow U.S. corporate shareholders an election to deduct dividends attributable to foreign base company shipping income received from a controlled foreign corporation.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

9 Democrats11 Republicans
Rep. Tiberi, Patrick J. [R-OH-12]OH
Rep. Wittman, Robert J. [R-VA-1]VA
Rep. Massa, Eric J. J. [D-NY-29]NY
Rep. Dicks, Norman D. [D-WA-6]WA
Rep. McMahon, Michael E. [D-NY-13]NY
Rep. LoBiondo, Frank A. [R-NJ-2]NJ
Rep. Heller, Dean [R-NV-2]NV
Rep. Nunes, Devin [R-CA-21]CA
Rep. Mica, John L. [R-FL-7]FL
Rep. Roskam, Peter J. [R-IL-6]IL
Rep. Wexler, Robert [D-FL-19]FL
Rep. Davis, Susan A. [D-CA-53]CA
Rep. Larsen, Rick [D-WA-2]WA
Rep. Fattah, Chaka [D-PA-2]PA
Rep. Boustany, Charles W., Jr. [R-LA-7]LA
Rep. Nye, Glenn C. [D-VA-2]VA
Rep. Reichert, David G. [R-WA-8]WA
Rep. Castor, Kathy [D-FL-11]FL
Rep. Herger, Wally [R-CA-2]CA
Rep. McCotter, Thaddeus G. [R-MI-11]MI