H.J.Res. 66

Senate Amendment to Approving the renewal of import restrictions contained in the Burmese Freedom and Democracy Act of 2003.

At-a-Glance
Amendments
Rules

Rule Hearing Information:

Meeting Time: Wednesday, December 19, 2012 at 5:30 PM in H-313 The Capitol

To watch this hearing, click here.

For more on this hearing, click here.

Resources:

Text of Senate Amendment to H.J. Res. 66 — Approving the renewal of import restrictions contained in the Burmese Freedom and Democracy Act of 2003 [PDF][XML]
:: Text of House amendment to the Senate amendment to H.J. Res. 66
[PDF][XML]
Hearing Documents:
   :: Rule [PDF]
   :: H. Res. 841 [PDF][XML]
   :: H. Rept. 112-708 [PDF][XML]

Amendments:

Last Updated: 12/19/2012 at 10:30 PM

#	Version #	Sponsor(s)	Party	Summary	Status
#1	Version 1	---	Other	SUBSTITUTE Would extend for one year certain expired or expiring tax provisions that apply to middle-income taxpayers with income below $250,000 for married couples filing jointly, and below $200,000 for single filers, including, but not limited to, marginal rate reductions, capital gains and dividend rate preferences, alternative minimum tax relief, marriage penalty relief, and expanded tax relief for working families with children and college students.	Submitted
#2	Version 1	---	Other	SUBSTITUTE Would permanently extend current income tax rates, permanently establish parity between capital gains and dividends rates for individuals, families, and small businesses with incomes up to $1 million. The amendment also makes permanent the Marriage Penalty Relief, the Child Tax Credit, repeal of the Personal Exemption Phase-out (PEP) and Pease limitation, Estate Tax Relief, and Education-related and other tax benefits. The amendment also makes permanent higher Section 179 Small Business Expensing and the Alternative Minimum Tax (AMT) Patch.	Made In Order
#4	Version 1	Fitzpatrick (PA), Hultgren (IL), Coffman (CO)	Republican	Would exempt from the higher marginal income tax rate small business “pass-through” income. Would require that the filer qualifying for the exemption must be active in the business, and the business must have gross receipts of less than $5 million and employ at least one other person who is not a family member but no more than 250 people.	Submitted
#3	Version 1	Mulvaney (SC), Jordan (OH)	Republican	SUBSTITUTE Would permanently extends current income tax rates, permanently extends the 15% top rate on capital gains and dividend income, extends the lower rate and higher exemption levels for the “death tax,” patches the alternative minimum tax for 2012 and 2013 and extends increased small business expensing through 2013. Would replace the sequester with a lower Budget Control Act spending cap and certain reforms to prevent waste, fraud, and abuse, consistent with the House-passes Sequester Replacement Reconciliation Act of 2012.	Submitted

Rule Information for the Senate Amendment to H.J. Res. 66 and H.R. 6684

COMMITTEE ACTION:
REPORTED BY VOICE VOTE on Wednesday, December 19, 2012.

FLOOR ACTION ON H. RES. 841:
Adopted by record vote of 219-197, after agreeing to the previous question by record vote of 233-194, on Thursday, December 20, 2012.

MANAGERS: Dreier/Slaughter

1. Provides for the consideration of the Senate amendment to H.J. Res. 66.

2. Makes in order a motion by the chair of the Committee on Ways and Means that the House concur in the Senate amendment with the amendment printed in the Rules Committee report accompanying the resolution.

3. Waives all points of order against consideration of the motion.

4. Provides that the Senate amendment and the motion shall be considered as read.

5. Provides one hour of debate on the motion equally divided and controlled by the chair and ranking minority member of the Committee on Ways and Means.

6. Closed rule for H.R. 6684.

7. Provides one hour of debate equally divided and controlled by the Majority Leader and Minority Leader or their respective designees.

8. Waives all points of order against consideration of the bill.

9. Provides that the bill shall be considered as read.

10. Waives all points of order against provisions in the bill.

11. Provides one motion to recommit.

Summary of Amendments to be Made in Order:

(summaries derived from information provided by sponsors)

	#	Description	Debate Time
1. Click for text.	#2	SUBSTITUTE AMENDMENT. The amendment would permanently extend current income tax rates, permanently establish parity between capital gains and dividends rates for individuals, families, and small businesses with incomes up to $1 million. The amendment also makes permanent the Marriage Penalty Relief, the Child Tax Credit, repeal of the Personal Exemption Phase-out (PEP) and Pease limitation, Estate Tax Relief, and Education-related and other tax benefits. The amendment also makes permanent higher Section 179 Small Business Expensing and the Alternative Minimum Tax (AMT) Patch.