HR-5338 : Still Just a Bill

Federal Employee Pension Fairness Act - Repeals provisions requiring federal employees, including foreign service employees, who began service after 2012 to pay an increased contribution (4.4%) for funding their annuities under the Federal Employees Retirement System (FERS).

Amends the Internal Revenue Code to: (1) treat certain foreign corporations managed and controlled primarily in the United States as domestic corporations for U.S. tax purposes; and (2) revise rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with lower income tax rates than the United States).

Action Timeline

Action DateTypeTextSource
2014-07-31IntroReferralReferred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Government Reform, and Foreign Affairs, 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
2014-07-31IntroReferralReferred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Government Reform, and Foreign Affairs, 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
2014-07-31IntroReferralReferred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Government Reform, and Foreign Affairs, 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
2014-07-31IntroReferralIntroduced in HouseLibrary of Congress

Policy Area :

Government Operations and Politics
See Subjects
  • Administrative law and regulatory procedures
  • Corporate finance and management
  • Foreign and international corporations
  • Government employee pay, benefits, personnel management
  • Income tax rates
  • Taxation of foreign income
  • Department of the Treasury

Related Bills

See Related Bills