H.R.5095: American Competitiveness and Corporate Accountability Act of 2002

About This Bill

  • This bill was introduced in the 107th Congress
  • This bill is primarily about congress
  • Introduced July 11, 2002
  • Latest Major Action July 11, 2002

Bill Summary

American Competitiveness and Corporate Accountability Act of 2002 - Amends the Internal Revenue Code to impose a civil penalty for failing to include on any tax return or statement any required information with respect to a "reportable transaction."Imposes a civil penalty for a "reportable transaction understatement."Requires each "material advisor" with respect to a reportable transaction to file a report about such transaction with the...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
July 11, 2002

Introduced in the House by William M. Thomas (R-Calif.)

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