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…

supported this bill

$52,300
$10,500
$62,800
829 times as much
$18,377,414
$217,024
$9,654,854
$5,251,209
$1,438,507
$753,369
$4,358,430
$4,748,906
$1,117,510
$4,839,982
$1,312,483
$52,069,688
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 Corporation
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$85,600
Andrew Lamar AlexanderRTN$0$468,849
John BarrassoRWY$0$135,018
Max BaucusDMT$0$1,120,929
Birch "Evan" BayhDIN$0$817,610
Mark BegichDAK$0$219,337
Michael F. BennetDCO$2,500$1,016,506
Bob BennettRUT$0$548,825
Jesse "Jeff" BingamanDNM$0$193,949
Christopher "Kit" BondRMO$0$78,000
Barbara BoxerDCA$0$522,660
Sherrod BrownDOH$1,050$463,767
Sam BrownbackRKS$0$10,110
Jim BunningRKY$0$115,175
Richard BurrRNC$0$714,582
Roland BurrisDIL$0$3,900
Robert ByrdDWV$0$135,100
Maria CantwellDWA$0$548,349
Ben CardinDMD$4,350$569,247
Tom CarperDDE$0$448,318
Bob CaseyDPA$0$738,402
Clarence Saxby ChamblissRGA$7,000$815,172
Tom CoburnROK$0$194,502
William Thad CochranRMS$0$95,200
Susan M. CollinsRME$1,000$635,149
Gaylord Kent ConradDND$0$460,814
Bob CorkerRTN$5,000$1,366,616
John CornynRTX$0$1,210,343
Mike CrapoRID$0$564,543
Jim DeMintRSC$0$396,737
Chris DoddDCT$0$1,620,498
Byron DorganDND$0$126,200
Dick DurbinDIL$0$749,825
John EnsignRNV$5,000$386,749
Mike EnziRWY$0$261,683
Russ FeingoldDWI$250$255,261
Dianne FeinsteinDCA$0$354,290
Al FrankenDMN$500$527,169
Kirsten E. GillibrandDNY$4,800$2,129,235
Lindsey GrahamRSC$0$382,654
Chuck GrassleyRIA$0$379,800
Judd GreggRNH$0$33,050
Kay R. HaganDNC$0$354,207
Tom HarkinDIA$0$356,119
Orrin G. HatchRUT$1,500$623,366
Kay Bailey HutchisonRTX$0$505,625
Jim InhofeROK$0$237,225
Dan InouyeDHI$0$160,024
Johnny IsaksonRGA$0$500,524
Mike JohannsRNE$0$269,731
Tim JohnsonDSD$0$611,328
Ted KaufmanDDE$0$0
John F. KerryDMA$0$297,246
Paul KirkDMA$0$0
Amy KlobucharDMN$0$418,999
Herb KohlDWI$0$5,200
Jon KylRAZ$6,400$927,489
Mary L. LandrieuDLA$0$495,996
Frank R. LautenbergDNJ$0$658,711
George LeMieuxRFL$0$0
Patrick J. LeahyDVT$0$84,300
Carl LevinDMI$0$243,810
Joe LiebermanICT$0$2,481,485
Blanche LincolnDAR$3,250$778,796
Dick LugarRIN$0$187,448
John McCainRAZ$4,800$422,350
Claire McCaskillDMO$500$437,897
Addison "Mitch" McConnellRKY$0$1,534,053
Bob MenéndezDNJ$0$954,419
Jeff MerkleyDOR$500$352,397
Barbara A. MikulskiDMD$4,400$178,297
Lisa MurkowskiRAK$0$122,619
Patty MurrayDWA$0$274,203
Earl "Ben" NelsonDNE$0$472,428
Clarence "Bill" NelsonDFL$0$700,625
Mark L. PryorDAR$0$428,956
John "Jack" ReedDRI$0$593,098
Harry ReidDNV$2,500$1,257,014
Jim RischRID$0$86,050
Charles "Pat" RobertsRKS$0$497,638
John "Jay" RockefellerDWV$0$327,100
Bernie SandersIVT$0$60,010
Chuck SchumerDNY$0$2,764,813
Jeff SessionsRAL$6,000$287,882
Jeanne ShaheenDNH$0$339,381
Richard C. ShelbyRAL$0$872,450
Olympia J. SnoweRME$0$263,773
Arlen SpecterDPA$0$738,200
Debbie StabenowDMI$0$639,994
Jon TesterDMT$0$367,413
John ThuneRSD$0$590,863
Mark UdallDCO$0$504,793
Tom UdallDNM$0$312,002
David VitterRLA$0$412,075
George VoinovichROH$0$193,081
Mark R. WarnerDVA$1,000$1,177,652
Jim WebbDVA$0$338,813
Sheldon WhitehouseDRI$0$635,399
Roger F. WickerRMS$500$402,859
Ron WydenDOR$0$431,739

Add Data Filters:

Legislator Filters
Legislator Filters
Show All
NamePartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Daniel K. AkakaDHI$0$85,600
Andrew Lamar AlexanderRTN$0$468,849
John BarrassoRWY$0$135,018
Max BaucusDMT$0$1,120,929
Birch "Evan" BayhDIN$0$817,610
Mark BegichDAK$0$219,337
Michael F. BennetDCO$2,500$1,016,506
Bob BennettRUT$0$548,825
Jesse "Jeff" BingamanDNM$0$193,949
Christopher "Kit" BondRMO$0$78,000
Barbara BoxerDCA$0$522,660
Sherrod BrownDOH$1,050$463,767
Sam BrownbackRKS$0$10,110
Jim BunningRKY$0$115,175
Richard BurrRNC$0$714,582
Roland BurrisDIL$0$3,900
Robert ByrdDWV$0$135,100
Maria CantwellDWA$0$548,349
Ben CardinDMD$4,350$569,247
Tom CarperDDE$0$448,318
Bob CaseyDPA$0$738,402
Clarence Saxby ChamblissRGA$7,000$815,172
Tom CoburnROK$0$194,502
William Thad CochranRMS$0$95,200
Susan M. CollinsRME$1,000$635,149
Gaylord Kent ConradDND$0$460,814
Bob CorkerRTN$5,000$1,366,616
John CornynRTX$0$1,210,343
Mike CrapoRID$0$564,543
Jim DeMintRSC$0$396,737
Chris DoddDCT$0$1,620,498
Byron DorganDND$0$126,200
Dick DurbinDIL$0$749,825
John EnsignRNV$5,000$386,749
Mike EnziRWY$0$261,683
Russ FeingoldDWI$250$255,261
Dianne FeinsteinDCA$0$354,290
Al FrankenDMN$500$527,169
Kirsten E. GillibrandDNY$4,800$2,129,235
Lindsey GrahamRSC$0$382,654
Chuck GrassleyRIA$0$379,800
Judd GreggRNH$0$33,050
Kay R. HaganDNC$0$354,207
Tom HarkinDIA$0$356,119
Orrin G. HatchRUT$1,500$623,366
Kay Bailey HutchisonRTX$0$505,625
Jim InhofeROK$0$237,225
Dan InouyeDHI$0$160,024
Johnny IsaksonRGA$0$500,524
Mike JohannsRNE$0$269,731
Tim JohnsonDSD$0$611,328
Ted KaufmanDDE$0$0
John F. KerryDMA$0$297,246
Paul KirkDMA$0$0
Amy KlobucharDMN$0$418,999
Herb KohlDWI$0$5,200
Jon KylRAZ$6,400$927,489
Mary L. LandrieuDLA$0$495,996
Frank R. LautenbergDNJ$0$658,711
George LeMieuxRFL$0$0
Patrick J. LeahyDVT$0$84,300
Carl LevinDMI$0$243,810
Joe LiebermanICT$0$2,481,485
Blanche LincolnDAR$3,250$778,796
Dick LugarRIN$0$187,448
John McCainRAZ$4,800$422,350
Claire McCaskillDMO$500$437,897
Addison "Mitch" McConnellRKY$0$1,534,053
Bob MenéndezDNJ$0$954,419
Jeff MerkleyDOR$500$352,397
Barbara A. MikulskiDMD$4,400$178,297
Lisa MurkowskiRAK$0$122,619
Patty MurrayDWA$0$274,203
Earl "Ben" NelsonDNE$0$472,428
Clarence "Bill" NelsonDFL$0$700,625
Mark L. PryorDAR$0$428,956
John "Jack" ReedDRI$0$593,098
Harry ReidDNV$2,500$1,257,014
Jim RischRID$0$86,050
Charles "Pat" RobertsRKS$0$497,638
John "Jay" RockefellerDWV$0$327,100
Bernie SandersIVT$0$60,010
Chuck SchumerDNY$0$2,764,813
Jeff SessionsRAL$6,000$287,882
Jeanne ShaheenDNH$0$339,381
Richard C. ShelbyRAL$0$872,450
Olympia J. SnoweRME$0$263,773
Arlen SpecterDPA$0$738,200
Debbie StabenowDMI$0$639,994
Jon TesterDMT$0$367,413
John ThuneRSD$0$590,863
Mark UdallDCO$0$504,793
Tom UdallDNM$0$312,002
David VitterRLA$0$412,075
George VoinovichROH$0$193,081
Mark R. WarnerDVA$1,000$1,177,652
Jim WebbDVA$0$338,813
Sheldon WhitehouseDRI$0$635,399
Roger F. WickerRMS$500$402,859
Ron WydenDOR$0$431,739

Interest Groups that supported this bill

$ Donated
Fiscal & tax policy$52,300
Consumer groups$10,500

Interest Groups that opposed this bill

$ Donated
Security brokers & investment companies$18,377,414
Commercial banks & bank holding companies$9,654,854
Accountants$5,251,209
Hedge Funds$4,839,982
Finance, Insurance & Real Estate$4,748,906
Investment banking$4,358,430
Banks & lending institutions$1,438,507
Securities, commodities & investment$1,312,483
Financial services & consulting$1,117,510
Other financial services$753,369
Chambers of commerce$217,024
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