HR 785 114th Congress House Government Operations and Politics Administrative law and regulatory procedures Corporate finance and management Department of the Treasury Foreign and international corporations Government employee pay, benefits, personnel management Income tax rates Taxation of foreign income

Federal Employee Pension Fairness Act of 2015

Introduced: February 5, 2015 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 5, 2015

Referred 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.

Feb 5, 2015

Introduced in House

Plain-English summary Congressional Research Service

Federal Employee Pension Fairness Act of 2015

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.

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).

What's happening now February 5, 2015

Committees of jurisdiction 3