HR-3793 : Still Just a Bill

Military Retirement Restoration Act - Repeals the provision of the Bipartisan Budget Act of 2013 that reduces the cost-of-living adjustment to the retirement pay of members of the Armed Forces under age 62.

Amends the Internal Revenue Code to treat a foreign corporation managed and controlled, directly or indirectly, primarily in the United States as a domestic corporation for U.S. tax purposes if the stock of such corporation is regularly traded on an established securities market or the aggregate gross assets of such corporation during the taxable year or any preceding taxable year is $50 million or more. 

Action Timeline

Action DateTypeTextSource
2014-01-24CommitteeReferred to the Subcommittee on Military Personnel.House committee actions
2013-12-19IntroReferralReferred to the Committee on Ways and Means, and in addition to the Committee on Armed Services, 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.House floor actions
2013-12-19IntroReferralReferred to the Committee on Ways and Means, and in addition to the Committee on Armed Services, 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.House floor actions
2013-12-19IntroReferralIntroduced in HouseLibrary of Congress

Sponsor :

Daniel B. Maffei [D] (NY-24)
See Cosponsors

Policy Area :

Taxation
See Subjects
  • Administrative law and regulatory procedures
  • Corporate finance and management
  • Foreign and international corporations
  • Military personnel and dependents
  • Taxation of foreign income
  • U.S. and foreign investments
  • Veterans' pensions and compensation
  • Department of the Treasury