Includes all politicians who were in office at any point during the 111th Congress.

S. 1934 - Foreign Account Tax Compliance Act of 2009

Taxation. 111th Congress (2009-2010) View bill details
Sponsor:
Summary:
A bill to amend the Internal Revenue Code of 1986 to prevent the avoidance of tax on income from assets held abroad, and for other purposes. (by CRS) 
Status:
The bill has been introduced. 
There have been no votes on this bill.

Foreign Account Tax Compliance Act of 2009

S. 1934 — 111th Congress (2009–2010)

Summary
A bill to amend the Internal Revenue Code of 1986 to prevent the avoidance of tax on income from assets held abroad, and for other purposes. (by CRS)
Learn More
At OpenCongress
Title
A bill to amend the Internal Revenue Code of 1986 to prevent the avoidance of tax on income from assets held abroad, and for other purposes.
Other Titles
  • Foreign Account Tax Compliance Act of 2009
Sponsor
Max Baucus
Co-Sponsors
Subjects
  • Taxation
  • Bank accounts, deposits, capital
  • Foreign and international banking
  • Income tax deductions
  • Interest, dividends, interest rates
  • Tax administration and collection, taxpayers
Related Bills
Major Actions
Introduced10/27/2009
Referred to Committee
Bill History

There have been no votes on this bill.

ActionDateDescription
Introduced10/27/2009
10/27/2009Read twice and referred to the Committee on Finance.
10/27/2009Sponsor introductory remarks on measure. (CR S10785)
NumberSponsorDate OfferedStatus

Total contributions given to Senators from interest groups that…

$59,550
$10,500
$70,050
934 times as much
$23,200,732
$273,028
$11,823,446
$6,043,113
$1,912,465
$897,630
$5,461,947
$6,424,720
$1,450,300
$6,229,747
$1,697,843
$65,414,971
2 Organizations Supported and 20 Opposed; See Which Ones

Organizations that took a position on
Foreign Account Tax Compliance Act of 2009

2 organizations supported this bill

Global Financial Integrity
Raymond Baker, Director of Global Financial Integrity (n.d.). Statement of Raymond Baker, Director of Global Financial Integrity. Retrieved December 1, 2009, from House Committe on Ways and Means: Hearing Archive.
U.S. PIRG
U.S. PIRG (n.d.). Statement of the U.S. Public Interest Research Group to U.S. House of Representatives: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from House Committe on Ways and Means: Hearing Archive.

20 organizations opposed this bill

American Bankers Association
(n.d.). Letter from ABA to U.S. House of Representatives, Committee on Ways and Means: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from Committee on Ways and Means Hearing Archive.
American Institute of Certified Public Accountants
American Institute of Certified Public Accountants (n.d.). Statement from AICPA to U.S. House of Representatives: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from Hearing Archives: House Ways and Means :: U.S. House of Representatives.
Australian Bankers Association
David Bell, Chief Executive of the Australian Bankers Association (2009, December 4). ABA comment latter re: FATCA. Retrieved January 13, 2010, from House Committe on Ways and Means: Hearing Archive.
Credit Suisse
Prevost, Tom (2009, November 5). Testimony of Tom Prevost at a Hearing on Foreign Account Tax Compliance Act of 2009. Retrieved December 1, 2009, from House Ways and Means Committee.
Euroclear Bank
Jo Van de Velde, Managing Director, Head of Product Management, Euroclear Bank SA/NV (n.d.). Letter from Euroclear bank to U.S. House of Representatives, Committee on Ways and Means: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from House Committe on Ways and Means: Hearing Archive.
European Banking Federation
Guido Ravoet, Secretary General, EUROPEAN BANKING FEDERATION; & Lawrence R. Uhlick, Chief Executive Officer, INSTITUTE OF INTERNATIONAL BANKERS (n.d.). European Banking Federation's Letter to U.S. House of Representatives: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from House Committe on Ways and Means: Hearing Archive.
European Fund and Management Association
Peter De Proft, Director General, European Fund and Management Association (2009, November 20). Letter from EFAMA to U.S. House of Representatives, Committee on Ways and Means: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from Committee on Ways and Means Hearing Archive.
Financial Services Roundtable
Financial Services Roundtable (n.d.). Statement from Financial Services Roundtable to U.S. House of Representatives: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from Hearing Archives: House Ways and Means :: U.S. House of Representatives.
Institute of International Bankers
Guido Ravoet, Secretary General, EUROPEAN BANKING FEDERATION; & Lawrence R. Uhlick, Chief Executive Officer, INSTITUTE OF INTERNATIONAL BANKERS (n.d.). European Banking Federation's Letter to U.S. House of Representatives: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from House Committe on Ways and Means: Hearing Archive.
International Capital Market Association
Martin Egan, BNP Paribas – Chair, ICMA Primary Market Practices Committee & Kate Craven, Barclays Capital – Chair, ICMA Legal & Documentation Committee (n.d.). Letter of Martin Egan and Kate Craven to U.S. House of Representatives, Committee on Ways and Means: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from House Committe on Ways and Means: Hearing Archive.
International Capital Markets Services Association
Graham Cox, Chairman, International Capital Markets Services Association (n.d.). Comments on the Foreign Account Tax Compliance Act of 2009 (H.R. 3933, S. 1934). Retrieved January 18, 2010, from House Committe on Ways and Means: Hearing Archive.
International Swaps and Derivatives Association
Thomas Prevost, Chair, ISDA North American Tax Committee (2009, November 19). Letter from ISDA to U.S. House of Representatives, Committee on Ways and Means: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from International Swaps and Derivatives Associations Inc..
Investment Fund Institute of Canada
J. De Laurentiis, President and CEO of Investment Fund Institute of Canada (n.d.). Statement of Investment Fund Institute of Canada to U.S. House of Representatives: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from House Committe on Ways and Means: Hearing Archive.
Investment Industry Association of Canada
Ian Russell, President, The Investment Industry Association of Canada (n.d.). Statement of The Investment Industry Association of Canada to U.S. House of Representatives: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from House Committe on Ways and Means: Hearing Archive.
Managed Funds Association
Richard H. Baker, President and C.E.O., Managed Funds Association (2009, December 8). Managed Funds Association’s Comments with Respect to Certain Revenue Offsets in the Tax Extenders Legislation to House Ways and Means Committee: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from MFA Comment Letters.
Securities Industry and Financial Markets Association
Kenneth E. Bentsen, Jr., Executive Vice President, Public Policy and Advocacy for The Securities Industry and Financial Markets Association (n.d.). Statement from SIFMA to U.S. House of Representatives: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from Hearing Archives: House Ways and Means :: U.S. House of Representatives.
State Street Bank and Trust
Robert J. Foley, Senior Vice President, Product Tax Department, State Street Bank and Trust (2009, November 20). Statement from State Street Bank and Trust to U.S. House of Representatives, Committee on Ways and Means: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from Committee on Ways and Means Hearing Archive.
Swiss Bankers Association
(2009, November 27). Statement from Swiss Bankers Association to U.S. House of Representatives, Committee on Ways and Means: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from Committee on Ways and Means Hearing Archive.
The Clearing House
The Clearing House Association L.L.C. (n.d.). Statement from Clearing House to U.S. House of Representatives: Subcommittee on Select Revenue Measures. Retrieved January 18, 2010, from Hearing Archives: House Ways and Means :: U.S. House of Representatives.
U.S. Chamber of Commerce
R. Bruce Josten, Executive Vice President, Government Affairs (2009, November 24). Chamber of Commerce letter on Foreign Account Tax Compliance Act of 2009. Retrieved January 13, 2010, from House Committe on Ways and Means: Hearing Archive.

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View citations of support and opposition

Includes reported contributions to congressional campaigns of Senators in office during the 111th U.S. Congress, from interest groups invested in the vote according to MapLight, January 1, 2005 – December 31, 2010.
Contributions data source: OpenSecrets.org

Contributions by Legislator

Namesort iconPartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Daniel K. AkakaDHI$0$93,600
Andrew Lamar AlexanderRTN$0$807,198
John BarrassoRWY$0$179,777
Max BaucusDMT$0$1,561,209
Birch "Evan" BayhDIN$0$811,360
Mark BegichDAK$0$437,424
Michael F. BennetDCO$2,500$996,956
Bob BennettRUT$0$604,775
Jesse "Jeff" BingamanDNM$0$194,782
Christopher "Kit" BondRMO$0$164,400
Barbara BoxerDCA$0$649,460
Sherrod BrownDOH$1,050$516,467
Sam BrownbackRKS$0$10,110
Jim BunningRKY$0$122,675
Richard BurrRNC$0$787,082
Roland BurrisDIL$0$3,900
Robert ByrdDWV$0$130,900
Maria CantwellDWA$0$575,428
Ben CardinDMD$4,350$580,842
Tom CarperDDE$0$460,128
Bob CaseyDPA$0$765,652
Clarence Saxby ChamblissRGA$7,000$1,270,747
Tom CoburnROK$0$204,402
William Thad CochranRMS$0$139,250
Susan M. CollinsRME$1,000$1,070,714
Gaylord Kent ConradDND$0$488,164
Bob CorkerRTN$5,000$1,488,036
John CornynRTX$0$1,874,843
Mike CrapoRID$0$634,167
Jim DeMintRSC$0$457,465
Chris DoddDCT$0$1,767,248
Byron DorganDND$0$133,200
Dick DurbinDIL$0$1,271,650
John EnsignRNV$5,000$403,549
Mike EnziRWY$0$290,332
Russ FeingoldDWI$250$299,611
Dianne FeinsteinDCA$0$349,790
Al FrankenDMN$750$969,833
Kirsten E. GillibrandDNY$4,800$2,439,121
Lindsey GrahamRSC$0$519,514
Chuck GrassleyRIA$0$409,150
Judd GreggRNH$0$38,600
Kay R. HaganDNC$0$676,764
Tom HarkinDIA$0$590,189
Orrin G. HatchRUT$1,500$632,666
Kay Bailey HutchisonRTX$0$570,450
Jim InhofeROK$0$379,375
Dan InouyeDHI$0$203,299
Johnny IsaksonRGA$0$560,124
Mike JohannsRNE$0$423,012
Tim JohnsonDSD$0$779,700
Ted KaufmanDDE$0$0
John F. KerryDMA$0$471,200
Paul KirkDMA$0$0
Amy KlobucharDMN$0$456,299
Herb KohlDWI$0$5,200
Jon KylRAZ$6,400$930,064
Mary L. LandrieuDLA$0$819,193
Frank R. LautenbergDNJ$0$1,193,722
George LeMieuxRFL$0$0
Patrick J. LeahyDVT$0$88,050
Carl LevinDMI$0$456,520
Joe LiebermanICT$0$2,489,585
Blanche LincolnDAR$3,750$823,379
Dick LugarRIN$0$206,673
John McCainRAZ$4,800$406,950
Claire McCaskillDMO$500$453,147
Addison "Mitch" McConnellRKY$0$2,316,837
Bob MenéndezDNJ$0$993,619
Jeff MerkleyDOR$500$652,644
Barbara A. MikulskiDMD$4,400$178,897
Lisa MurkowskiRAK$0$126,569
Patty MurrayDWA$0$308,153
Earl "Ben" NelsonDNE$0$473,678
Clarence "Bill" NelsonDFL$0$714,390
Mark L. PryorDAR$0$704,021
John "Jack" ReedDRI$0$856,148
Harry ReidDNV$2,500$1,451,337
Jim RischRID$0$123,350
Charles "Pat" RobertsRKS$0$707,977
John "Jay" RockefellerDWV$0$578,800
Bernie SandersIVT$0$60,010
Chuck SchumerDNY$0$2,762,213
Jeff SessionsRAL$11,000$448,432
Jeanne ShaheenDNH$0$662,812
Richard C. ShelbyRAL$0$977,550
Olympia J. SnoweRME$0$263,773
Arlen SpecterDPA$0$1,108,450
Debbie StabenowDMI$0$715,144
Jon TesterDMT$0$377,163
John ThuneRSD$0$736,214
Mark UdallDCO$0$933,386
Tom UdallDNM$0$596,319
David VitterRLA$0$458,175
George VoinovichROH$0$288,231
Mark R. WarnerDVA$2,000$2,154,942
Jim WebbDVA$0$347,333
Sheldon WhitehouseDRI$0$640,599
Roger F. WickerRMS$1,000$639,494
Ron WydenDOR$0$469,239

Add Data Filters:

Legislator Filters
Legislator Filters
Show All
NamePartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Daniel K. AkakaDHI$0$93,600
Andrew Lamar AlexanderRTN$0$807,198
John BarrassoRWY$0$179,777
Max BaucusDMT$0$1,561,209
Birch "Evan" BayhDIN$0$811,360
Mark BegichDAK$0$437,424
Michael F. BennetDCO$2,500$996,956
Bob BennettRUT$0$604,775
Jesse "Jeff" BingamanDNM$0$194,782
Christopher "Kit" BondRMO$0$164,400
Barbara BoxerDCA$0$649,460
Sherrod BrownDOH$1,050$516,467
Sam BrownbackRKS$0$10,110
Jim BunningRKY$0$122,675
Richard BurrRNC$0$787,082
Roland BurrisDIL$0$3,900
Robert ByrdDWV$0$130,900
Maria CantwellDWA$0$575,428
Ben CardinDMD$4,350$580,842
Tom CarperDDE$0$460,128
Bob CaseyDPA$0$765,652
Clarence Saxby ChamblissRGA$7,000$1,270,747
Tom CoburnROK$0$204,402
William Thad CochranRMS$0$139,250
Susan M. CollinsRME$1,000$1,070,714
Gaylord Kent ConradDND$0$488,164
Bob CorkerRTN$5,000$1,488,036
John CornynRTX$0$1,874,843
Mike CrapoRID$0$634,167
Jim DeMintRSC$0$457,465
Chris DoddDCT$0$1,767,248
Byron DorganDND$0$133,200
Dick DurbinDIL$0$1,271,650
John EnsignRNV$5,000$403,549
Mike EnziRWY$0$290,332
Russ FeingoldDWI$250$299,611
Dianne FeinsteinDCA$0$349,790
Al FrankenDMN$750$969,833
Kirsten E. GillibrandDNY$4,800$2,439,121
Lindsey GrahamRSC$0$519,514
Chuck GrassleyRIA$0$409,150
Judd GreggRNH$0$38,600
Kay R. HaganDNC$0$676,764
Tom HarkinDIA$0$590,189
Orrin G. HatchRUT$1,500$632,666
Kay Bailey HutchisonRTX$0$570,450
Jim InhofeROK$0$379,375
Dan InouyeDHI$0$203,299
Johnny IsaksonRGA$0$560,124
Mike JohannsRNE$0$423,012
Tim JohnsonDSD$0$779,700
Ted KaufmanDDE$0$0
John F. KerryDMA$0$471,200
Paul KirkDMA$0$0
Amy KlobucharDMN$0$456,299
Herb KohlDWI$0$5,200
Jon KylRAZ$6,400$930,064
Mary L. LandrieuDLA$0$819,193
Frank R. LautenbergDNJ$0$1,193,722
George LeMieuxRFL$0$0
Patrick J. LeahyDVT$0$88,050
Carl LevinDMI$0$456,520
Joe LiebermanICT$0$2,489,585
Blanche LincolnDAR$3,750$823,379
Dick LugarRIN$0$206,673
John McCainRAZ$4,800$406,950
Claire McCaskillDMO$500$453,147
Addison "Mitch" McConnellRKY$0$2,316,837
Bob MenéndezDNJ$0$993,619
Jeff MerkleyDOR$500$652,644
Barbara A. MikulskiDMD$4,400$178,897
Lisa MurkowskiRAK$0$126,569
Patty MurrayDWA$0$308,153
Earl "Ben" NelsonDNE$0$473,678
Clarence "Bill" NelsonDFL$0$714,390
Mark L. PryorDAR$0$704,021
John "Jack" ReedDRI$0$856,148
Harry ReidDNV$2,500$1,451,337
Jim RischRID$0$123,350
Charles "Pat" RobertsRKS$0$707,977
John "Jay" RockefellerDWV$0$578,800
Bernie SandersIVT$0$60,010
Chuck SchumerDNY$0$2,762,213
Jeff SessionsRAL$11,000$448,432
Jeanne ShaheenDNH$0$662,812
Richard C. ShelbyRAL$0$977,550
Olympia J. SnoweRME$0$263,773
Arlen SpecterDPA$0$1,108,450
Debbie StabenowDMI$0$715,144
Jon TesterDMT$0$377,163
John ThuneRSD$0$736,214
Mark UdallDCO$0$933,386
Tom UdallDNM$0$596,319
David VitterRLA$0$458,175
George VoinovichROH$0$288,231
Mark R. WarnerDVA$2,000$2,154,942
Jim WebbDVA$0$347,333
Sheldon WhitehouseDRI$0$640,599
Roger F. WickerRMS$1,000$639,494
Ron WydenDOR$0$469,239

Interest Groups that supported this bill

$ Donated
Fiscal & tax policy$59,550
Consumer groups$10,500

Interest Groups that opposed this bill

$ Donated
Security brokers & investment companies$23,200,732
Commercial banks & bank holding companies$11,823,446
Finance, Insurance & Real Estate$6,424,720
Hedge Funds$6,229,747
Accountants$6,043,113
Investment banking$5,461,947
Banks & lending institutions$1,912,465
Securities, commodities & investment$1,697,843
Financial services & consulting$1,450,300
Other financial services$897,630
Chambers of commerce$273,028
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