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Key Votes

S Amdt 4595 - Business Transaction Reporting Requirement Amendments - Key Vote

National Key Votes

Arlen Specter voted Yea (Cloture Vote) on this Amendment.

Read statements Arlen Specter made in this general time period.

Stages

Family

Issues

Note

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.

Stage Details

Amendment - Cloture Not Invoked (Senate) (56-42) - (Key vote)

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.
Amendment - Introduced (Senate) -

Title: Business Transaction Reporting Requirement Amendments

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