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Searching...- Bills
- H.R.925
H.R.925: Payoffs-for-Layoffs Corporate Welfare Elimination Act of 1997
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about congress
- Introduced March 5, 1997
- Latest Major Action April 15, 1997
Bill Sponsor
Bill Cosponsors
42 (30 Democrats, 1 Independent Democrat, 12 Republicans)
Bill Summary
Payoffs-for-Layoffs Corporate Welfare Elimination Act of 1997 - Prohibits any funds appropriated or otherwise made available to the Department of Defense (DOD) from being obligated or expended for payment of any restructuring cost associated with a merger or acquisition incurred by a DOD contractor. Provides for the handling of contractor claims for such costs with respect to a merger or acquisition occurring before the enactment of this Act....
(Source: Library of Congress)
Bill Actions
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Sponsor introductory remarks on measure.
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Referred to the House Committee on National Security.
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Executive Comment Requested from DOD.
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Unfavorable Executive Comment Received from DOD.
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| March 5, 1997 |
Introduced in the House by Christopher H. Smith (R-N.J.) |