S Amdt 4595 - Business Transaction Reporting Requirement Amendments - National Key Vote
Russ Feingold voted Yea (Cloture Vote) on this Amendment.
Read statements Russ Feingold made in this general time period.
Timeline
- Senate Cloture Not Invoked
- Sept. 14, 2010
- Introduced
- Aug. 5, 2010
Related Legislation
Related Issues
Stage Details
Title: Business Transaction Reporting Requirement Amendments
Vote Smart's Synopsis:
Vote on a motion to invoke cloture on an amendment to S Amdt 4594 to HR 5297 that increases the threshold amount in which businesses are required to report purchases made in the course of trade or business to the Secretary of the Treasury from $600 to $5,000 (requirement established by the Patient Protection and Affordable Care Act), and exempts small businesses employing 25 employees or less from the reporting requirement altogether.
Highlights:
- Prohibits "major integrated oil companies" (26 USC 167(h)(5)(B)) from deducting income attributable to domestic oil or gas production from income tax liability.
Title: Business Transaction Reporting Requirement Amendments
More Info About this Vote
NOTE: INVOKING CLOTURE REQUIRES A 3/5 MAJORITY OF THE SENATE. IT IS NOT A VOTE ON THE PASSAGE OF THE PIECE OF LEGISLATION, BUT LIMITS FURTHER DEBATE TO 30 HOURS. CLOTURE IS TYPICALLY USED TO END A FILIBUSTER. A FAILED CLOTURE VOTE OFTEN PREVENTS THE LEGISLATION FROM EVER COMING TO A VOTE.
NOTE: THIS IS AN AMENDMENT TO A SUBSTITUTE AMENDMENT. A SUBSTITUTE AMENDMENT REPLACES THE ENTIRE TEXT OF A PIECE OF LEGISLATION WITH A NEW TEXT.