Of inquiry directing the Secretary of the Treasury to provide certain documents in the Secretary's possession to the House of Representatives relating to the impact of the OECD Pillar One agreement on the United States Treasury.

4/17/2024, 11:45 PM

Summary of Bill HRES 1269

Bill 117 H.Res. 1269, also known as the "Of Inquiry Directing the Secretary of the Treasury to Provide Certain Documents in the Secretary's Possession to the House of Representatives Relating to the Impact of the OECD Pillar One Agreement on the United States Treasury," is a piece of legislation that aims to gather information from the Secretary of the Treasury regarding the impact of the OECD Pillar One agreement on the United States Treasury.

The OECD Pillar One agreement is an international tax reform proposal that seeks to address the challenges posed by the digital economy and ensure that multinational corporations pay their fair share of taxes. The agreement has the potential to significantly impact the United States Treasury, and this bill seeks to understand the potential implications of the agreement on the country's finances.

If passed, this bill would direct the Secretary of the Treasury to provide certain documents in their possession to the House of Representatives. These documents would shed light on how the OECD Pillar One agreement could affect the United States Treasury and help lawmakers make informed decisions about the country's tax policies. Overall, Bill 117 H.Res. 1269 is a crucial step in ensuring transparency and accountability in the implementation of international tax agreements and understanding their potential impact on the United States Treasury.

Congressional Summary of HRES 1269

This resolution directs the Department of the Treasury to transmit to the House of Representatives, not later than 14 days after the adoption of this resolution, copies of any document, memo, correspondence, or other communication that refers or relates to (1) United States Pillar One tax revenue modeling data and reports estimating the impact of the OECD Pillar One agreement on reallocating taxing rights from the United States to foreign jurisdictions, or (2) the economic effects of the OECD Pillar One agreement on the U.S. Treasury. The OECD Pillar One agreement expands a country's authority to tax profits from companies that make sales into their country but don't have a physical location there.

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Current Status of Bill HRES 1269

Bill HRES 1269 is currently in the status of Bill Introduced since July 26, 2022. Bill HRES 1269 was introduced during Congress 117 and was introduced to the House on July 26, 2022. Bill HRES 1269's most recent activity was Placed on the House Calendar, Calendar No. 125. as of September 28, 2022

Bipartisan Support of Bill HRES 1269

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HRES 1269

Primary Policy Focus

Taxation

Potential Impact Areas

- Congressional oversight

- Congressional-executive branch relations

- Department of the Treasury

- Foreign and international corporations

- Government information and archives

- Presidents and presidential powers, Vice Presidents

- Sales and excise taxes

Alternate Title(s) of Bill HRES 1269

Of inquiry directing the Secretary of the Treasury to provide certain documents in the Secretary's possession to the House of Representatives relating to the impact of the OECD Pillar One agreement on the United States Treasury.