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

Total contributions given to Senators from interest groups that…

$33,650
$6,100
$39,750
>1,000 times as much
$17,369,459
$206,339
$8,647,844
$4,831,444
$2,304,422
$629,381
$4,035,598
$5,323,152
$846,150
$3,670,416
$1,177,716
$49,041,921
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
Testimony of Tom Prevost, Americas Tax Director, Credit Suisse : Hearing before the US House of Representatives Ways and Means Committee: Subcommittee on Select Revenue Measures. 111th Cong., 1st Sess., (2009). (Testimony of Tom Prevost). Retrieved December 1, 2009, from csuisse_testimony.pdf.
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$96,500
Andrew Lamar AlexanderRTN$0$471,321
John BarrassoRWY$0$128,918
Max BaucusDMT$0$1,137,979
Birch "Evan" BayhDIN$0$781,250
Mark BegichDAK$0$179,987
Michael F. BennetDCO$2,500$915,406
Bob BennettRUT$0$522,025
Jesse "Jeff" BingamanDNM$0$194,349
Christopher "Kit" BondRMO$0$82,600
Barbara BoxerDCA$0$446,555
Sherrod BrownDOH$0$430,017
Sam BrownbackRKS$0$10,860
Jim BunningRKY$0$118,949
Richard BurrRNC$0$658,155
Roland BurrisDIL$0$3,900
Robert ByrdDWV$0$124,900
Maria CantwellDWA$0$490,798
Ben CardinDMD$4,350$563,422
Tom CarperDDE$0$498,256
Bob CaseyDPA$0$675,862
Clarence Saxby ChamblissRGA$7,000$765,022
Tom CoburnROK$0$217,452
William Thad CochranRMS$0$97,050
Susan M. CollinsRME$1,000$609,311
Gaylord Kent ConradDND$0$434,264
Bob CorkerRTN$5,000$1,190,196
John CornynRTX$0$1,099,588
Mike CrapoRID$0$571,412
Jim DeMintRSC$0$377,812
Chris DoddDCT$0$1,492,298
Byron DorganDND$0$126,800
Dick DurbinDIL$0$719,750
John EnsignRNV$5,000$387,349
Mike EnziRWY$0$268,849
Russ FeingoldDWI$250$225,661
Dianne FeinsteinDCA$0$320,824
Al FrankenDMN$500$435,619
Kirsten E. GillibrandDNY$0$1,954,418
Lindsey GrahamRSC$0$328,218
Chuck GrassleyRIA$0$338,900
Judd GreggRNH$0$31,050
Kay R. HaganDNC$0$250,099
Tom HarkinDIA$0$359,019
Orrin G. HatchRUT$1,500$598,500
Kay Bailey HutchisonRTX$0$443,075
Jim InhofeROK$0$211,350
Dan InouyeDHI$0$158,424
Johnny IsaksonRGA$0$486,925
Mike JohannsRNE$0$266,454
Tim JohnsonDSD$0$623,431
Ted KaufmanDDE$0$0
John F. KerryDMA$0$310,214
Paul KirkDMA$0$0
Amy KlobucharDMN$0$389,649
Herb KohlDWI$0$5,200
Jon KylRAZ$5,400$872,455
Mary L. LandrieuDLA$0$519,996
Frank R. LautenbergDNJ$0$609,536
George LeMieuxRFL$0$0
Patrick J. LeahyDVT$0$89,300
Carl LevinDMI$0$236,020
Joe LiebermanICT$0$2,269,900
Blanche LincolnDAR$2,750$763,979
Dick LugarRIN$0$169,548
John McCainRAZ$0$351,900
Claire McCaskillDMO$500$355,530
Addison "Mitch" McConnellRKY$0$1,498,408
Bob MenéndezDNJ$0$897,819
Jeff MerkleyDOR$500$283,047
Barbara A. MikulskiDMD$0$173,864
Lisa MurkowskiRAK$0$126,719
Patty MurrayDWA$0$248,486
Earl "Ben" NelsonDNE$0$476,378
Clarence "Bill" NelsonDFL$0$632,067
Mark L. PryorDAR$0$416,741
John "Jack" ReedDRI$0$588,076
Harry ReidDNV$2,500$1,215,564
Jim RischRID$0$69,850
Charles "Pat" RobertsRKS$0$478,189
John "Jay" RockefellerDWV$0$324,900
Bernie SandersIVT$0$46,810
Chuck SchumerDNY$0$2,646,199
Jeff SessionsRAL$1,000$270,832
Jeanne ShaheenDNH$0$311,998
Richard C. ShelbyRAL$0$923,900
Olympia SnoweRME$0$259,619
Arlen SpecterDPA$0$752,700
Debbie StabenowDMI$0$635,244
Jon TesterDMT$0$324,286
John ThuneRSD$0$570,871
Mark UdallDCO$0$450,190
Tom UdallDNM$0$255,452
David VitterRLA$0$404,875
George VoinovichROH$0$161,066
Mark R. WarnerDVA$0$1,089,022
Jim WebbDVA$0$264,370
Sheldon WhitehouseDRI$0$570,575
Roger F. WickerRMS$0$382,759
Ron WydenDOR$0$426,689

Add Data Filters:

Legislator Filters
Legislator Filters
Show All
NamePartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Daniel K. AkakaDHI$0$96,500
Andrew Lamar AlexanderRTN$0$471,321
John BarrassoRWY$0$128,918
Max BaucusDMT$0$1,137,979
Birch "Evan" BayhDIN$0$781,250
Mark BegichDAK$0$179,987
Michael F. BennetDCO$2,500$915,406
Bob BennettRUT$0$522,025
Jesse "Jeff" BingamanDNM$0$194,349
Christopher "Kit" BondRMO$0$82,600
Barbara BoxerDCA$0$446,555
Sherrod BrownDOH$0$430,017
Sam BrownbackRKS$0$10,860
Jim BunningRKY$0$118,949
Richard BurrRNC$0$658,155
Roland BurrisDIL$0$3,900
Robert ByrdDWV$0$124,900
Maria CantwellDWA$0$490,798
Ben CardinDMD$4,350$563,422
Tom CarperDDE$0$498,256
Bob CaseyDPA$0$675,862
Clarence Saxby ChamblissRGA$7,000$765,022
Tom CoburnROK$0$217,452
William Thad CochranRMS$0$97,050
Susan M. CollinsRME$1,000$609,311
Gaylord Kent ConradDND$0$434,264
Bob CorkerRTN$5,000$1,190,196
John CornynRTX$0$1,099,588
Mike CrapoRID$0$571,412
Jim DeMintRSC$0$377,812
Chris DoddDCT$0$1,492,298
Byron DorganDND$0$126,800
Dick DurbinDIL$0$719,750
John EnsignRNV$5,000$387,349
Mike EnziRWY$0$268,849
Russ FeingoldDWI$250$225,661
Dianne FeinsteinDCA$0$320,824
Al FrankenDMN$500$435,619
Kirsten E. GillibrandDNY$0$1,954,418
Lindsey GrahamRSC$0$328,218
Chuck GrassleyRIA$0$338,900
Judd GreggRNH$0$31,050
Kay R. HaganDNC$0$250,099
Tom HarkinDIA$0$359,019
Orrin G. HatchRUT$1,500$598,500
Kay Bailey HutchisonRTX$0$443,075
Jim InhofeROK$0$211,350
Dan InouyeDHI$0$158,424
Johnny IsaksonRGA$0$486,925
Mike JohannsRNE$0$266,454
Tim JohnsonDSD$0$623,431
Ted KaufmanDDE$0$0
John F. KerryDMA$0$310,214
Paul KirkDMA$0$0
Amy KlobucharDMN$0$389,649
Herb KohlDWI$0$5,200
Jon KylRAZ$5,400$872,455
Mary L. LandrieuDLA$0$519,996
Frank R. LautenbergDNJ$0$609,536
George LeMieuxRFL$0$0
Patrick J. LeahyDVT$0$89,300
Carl LevinDMI$0$236,020
Joe LiebermanICT$0$2,269,900
Blanche LincolnDAR$2,750$763,979
Dick LugarRIN$0$169,548
John McCainRAZ$0$351,900
Claire McCaskillDMO$500$355,530
Addison "Mitch" McConnellRKY$0$1,498,408
Bob MenéndezDNJ$0$897,819
Jeff MerkleyDOR$500$283,047
Barbara A. MikulskiDMD$0$173,864
Lisa MurkowskiRAK$0$126,719
Patty MurrayDWA$0$248,486
Earl "Ben" NelsonDNE$0$476,378
Clarence "Bill" NelsonDFL$0$632,067
Mark L. PryorDAR$0$416,741
John "Jack" ReedDRI$0$588,076
Harry ReidDNV$2,500$1,215,564
Jim RischRID$0$69,850
Charles "Pat" RobertsRKS$0$478,189
John "Jay" RockefellerDWV$0$324,900
Bernie SandersIVT$0$46,810
Chuck SchumerDNY$0$2,646,199
Jeff SessionsRAL$1,000$270,832
Jeanne ShaheenDNH$0$311,998
Richard C. ShelbyRAL$0$923,900
Olympia SnoweRME$0$259,619
Arlen SpecterDPA$0$752,700
Debbie StabenowDMI$0$635,244
Jon TesterDMT$0$324,286
John ThuneRSD$0$570,871
Mark UdallDCO$0$450,190
Tom UdallDNM$0$255,452
David VitterRLA$0$404,875
George VoinovichROH$0$161,066
Mark R. WarnerDVA$0$1,089,022
Jim WebbDVA$0$264,370
Sheldon WhitehouseDRI$0$570,575
Roger F. WickerRMS$0$382,759
Ron WydenDOR$0$426,689

Interest Groups that supported this bill

$ Donated
Fiscal & tax policy$33,650
Consumer groups$6,100

Interest Groups that opposed this bill

$ Donated
Security brokers & investment companies$17,369,459
Commercial banks & bank holding companies$8,647,844
Finance, Insurance & Real Estate$5,323,152
Accountants$4,831,444
Investment banking$4,035,598
Hedge Funds$3,670,416
Banks & lending institutions$2,304,422
Securities, commodities & investment$1,177,716
Financial services & consulting$846,150
Other financial services$629,381
Chambers of commerce$206,339
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