H.R.4520: American Jobs Creation Act of 2004

About This Bill

  • This bill was introduced in the 108th Congress
  • This bill is primarily about congress
  • Introduced June 4, 2004
  • Latest Major Action Oct. 22, 2004

Bill Summary

American Jobs Creation Act of 2004 - Title I: Provisions Relating to Repeal of Exclusion for Extraterritorial Income - (Sec. 101) Amends the Internal Revenue Code to repeal the tax exclusion for extraterritorial income. Provides transitional relief for taxpayers subject to the repeal by allowing a tax exclusion for extraterritorial income of 80 percent in 2005 and 60 percent in 2006. Permits foreign corporations to revoke elections to be...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 4 statements associated with H.R.4520.

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.4520.

Bill Actions

Date Description
Referred to the Committee on Ways and Means, and in addition to the Committee on Agriculture, 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.
Referred to House Ways and Means
Referred to House Agriculture
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 9.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 108-548, Part I.
House Committee on Agriculture Granted an extension for further consideration ending not later than June 16, 2004.
Committee on Agriculture discharged.
Placed on the Union Calendar, Calendar No. 317.
Rules Committee Resolution H. Res. 681 Reported to House. Rule provides for consideration of H.R. 4520 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments.
Rule H. Res. 681 passed House.
Considered under the provisions of rule H. Res. 681.
Rule provides for consideration of H.R. 4520 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments.
DEBATE - The House proceeded with one hour of debate on H.R. 4520.
The previous question was ordered pursuant to the rule.
Mr. Rangel moved to recommit with instructions to Ways and Means.
DEBATE - The House proceeded with 10 minutes of debate on the Rangel motion to recommit with instructions. The instructions contained in the motion seek to replace titles I-VI and to retain title VII of the existing bill.
The previous question on the motion to recommit with instructions was ordered without objection.
On motion to recommit with instructions Failed by the Yeas and Nays: 193 - 235 (Roll no. 258).
On passage Passed by recorded vote: 251 - 178 (Roll no. 259).
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.
Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 591.
Motion to proceed to consideration of measure agreed to in Senate.
Measure laid before Senate by motion.
Passed Senate with an amendment by Voice Vote.
Senate insisted on its amendment, requested a conference.
See also S. 1637, as passed.
Senate appointed conferee(s) Grassley; Hatch; Nickles; Lott; Snowe; Kyl; Thomas; Santorum; Smith; Bunning; McConnell; Gregg; Baucus; Rockefeller; Daschle; Breaux; Conrad; Graham FL; Jeffords; Bingaman; Lincoln; Kennedy; Harkin.
Message on Senate action sent to the House.
Mr. Thomas moved that the House disagree to the Senate amendment, and agree to a conference.
On motion that the House disagree to the Senate amendment, and agree to a conference Agreed to by voice vote.
Mr. Neal (MA) moved that the House instruct conferees.
DEBATE - The House proceeded with one hour of debate on the motion to instruct conferees on H.R. 4520. The instructions contained in the motion seek to require the managers on the part of the House to include in the conference report an effective rate reduction for income from production activities in the United States; to the maximimum extent possible within the scope of conference, to not include any increase in tax benefits for the overseas operations of multinationals; to develop a conference report that will not increase the federal deficit in either the short or long term; as soon as practicable after the adoption of this motion, to meet in open session with the Senate conferees, and file a conference report consistent with the preceding provisions of this instruction at a time permitting passage before the adjournment before the election.
The previous question was ordered without objection.
POSTPONED ROLL CALL VOTE - The Chair put the question on adoption of the Neal motion to instruct conferees and by voice vote, announced that the noes had prevailed. Mr. Levin demanded the yeas and nays and the Chair postponed further proceedings on the question of adoption of the motion until a time later in the legislative day.
On motion that the House instruct conferees Failed by recorded vote: 205 - 215 (Roll no. 476).
Motion to reconsider laid on the table Agreed to without objection.
The Speaker appointed conferees - from the Committee on Ways and Means for consideration of the House bill and the Senate amendment, and modifications committed to conference: Thomas, Crane, McCrery, Rangel, and Levin.
The Speaker appointed conferees - from the Committee on Agriculture for consideration of Title VII of the House bill, and subtitle B of Title XI of the Senate amendment, and modifications committed to conference: Goodlatte, Boehner, and Stenholm.
The Speaker appointed conferees - from the Committee on Education and the Workforce for consideration of secs. 489, 490, 616, 701, and 719 of the Senate amendment, and modifications committed to conference: Boehner, Johnson, Sam, and Miller, George.
The Speaker appointed conferees - from the Committee on Energy and Commerce for consideration of sec. 662 and subtitle A of Title XI of the Senate amendment, and modifications committed to conference: Barton (TX), Burr, and Waxman.
The Speaker appointed a conferee for consideration of the House bill and Senate amendment, and modifications committed to conference: DeLay.
The Speaker appointed conferees - from the Committee on the Judiciary for consideration of secs. 422, 442, 1111, 1151, and 1161 of the Senate amendment, and modifications committed to conference: Sensenbrenner, Smith (TX), and Conyers.
Conference held.
Conference held.
Conference held.
Conference held.
Conferees agreed to file conference report.
Conference report H. Rept. 108-755 filed.
Rules Committee Resolution H. Res. 830 Reported to House. Rule provides for consideration of the conference report to H.R. 4520. All points of order against the conference report and against its consideration are waived. The conference report shall be considered as read.
Rule H. Res. 830 passed House.
Mr. Thomas brought up conference report H. Rept. 108-755 for consideration under the provisions of H. Res. 830.
DEBATE - The House proceeded with one hour of debate on the conference report to accompany H.R. 4520.
The previous question was ordered without objection.
On agreeing to the conference report Agreed to by the Yeas and Nays: 280 - 141 (Roll no. 509).
Motions to reconsider laid on the table Agreed to without objection.
Conference papers: Senate report and manager's statement and message on House action held at the desk in Senate.
Cloture motion on the conference report to accompany H.R. 4520 presented in Senate.
Conference report considered in Senate.
Conference report considered in Senate.
Conference report considered in Senate.
Cloture invoked in Senate by Yea-Nay Vote. 66 - 14. Record Vote Number: 210.
Conference report considered in Senate.
Senate agreed to conference report by Yea-Nay Vote. 69 - 17. Record Vote Number: 211.
Cleared for White House.
Message on Senate action sent to the House.
Presented to President.
Signed by President.
Became Public Law No: 108-357.
June 4, 2004

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

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