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- S.3120
S.3120: Reclaiming Expatriated Contracts and Profits Act
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about government operations and politics
- Introduced Oct. 16, 2002
- Latest Major Action Oct. 16, 2002
Bill Sponsor
Bill Summary
Reclaiming Expatriated Contracts and Profits Act - Prohibits awarding Federal contracts or subcontracts to foreign incorporated entities treated as inverted domestic corporations (a domestic corporation 80 percent of the stock of which is controlled by the former domestic stockholders or partners after the corporation is acquired by a foreign entity) and requires adjustments to Federal contract bids from certain previously acquired entities (a...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Governmental Affairs.
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| Oct. 16, 2002 |
Introduced in the Senate by Charles E. Grassley (R-Iowa) |