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HR 2127 108th Congress House

Taxpayer Savings and Employee Notification Act of 2003

Official title: To amend the Internal Revenue Code of 1986 to repeal tax benefits relating to company-owned life insurance.

Introduced: May 22, 2003 See on congress.gov
Taxation Business insuranceCommerceContractsCorporation taxes
More subjectsShow fewer subjects
Economics and Public FinanceEmployee rightsFinance and Financial SectorGovernment Operations and PoliticsGovernment paperworkGovernment spending reductionsIncome taxInsurance companiesInsurance premiumsLabor and EmploymentLife insurancePublic debtRestrictive trade practicesTax exclusionTax returns
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 20, 2003
Referred to the Subcommittee on Employer-Employee Relations.
May 20, 2003
Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
May 15, 2003
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Education and the Workforce, 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.
May 15, 2003
Introduced in House
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 Latest action June 20, 2003

Referred to the Subcommittee on Employer-Employee Relations.

 Plain-English summary Congressional Research Service
Taxpayer Savings and Employee Notification Act of 2003 - Amends the Internal Revenue Code to include in gross income from nonqualified company-owned life insurance contracts (as defined by this Act) income and death benefits (amounts exceeding reported income and premiums).

States that violations of such provisions shall be treated as a violation of an unfair or deceptive act or practice under the Federal Trade Commission Act.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 5
 Cosponsors 7
All 7 Democratic 5
Bordallo, Madeleine
· Nov 7, 2003
 D
McGovern, James P.
Massachusetts · Oct 7, 2003
 D
Schakowsky, Janice D.
Illinois · May 22, 2003
 D
DeLauro, Rosa L.
Connecticut · May 15, 2003
FROST, MARTIN
· May 15, 2003
 D
Markey, Edward J.
Massachusetts · May 15, 2003
 D
Smith, Adam
Washington · May 15, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2127: Taxpayer Savings and Employee Notification Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-2127/
MLA
"H.R. 2127: Taxpayer Savings and Employee Notification Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-2127/.
Bluebook (legal)
H.R. 2127, 108th Cong. (2026), https://openamerica.io/bill/108-HR-2127/.
Markdown link
[H.R. 2127: Taxpayer Savings and Employee Notification Act of 2003](https://openamerica.io/bill/108-HR-2127/)
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