Amendment108th Congress
372
- Amendment Number
- 372
- Purpose
- To end the abusive use of offshore tax havens (ending tax advantages for corporate inversions and closing the Bermuda reinsurance loophole) and use half of the resulting revenues of $4.7 billion over ten years to reduce the deficit and half to restore funding for education, with the education increases to be split evenly between IDEA, school construction and modernization, and after-school programs.
- Congress
- 108
- Type
- SAMDT
- Latest Action Date
- Mar 25, 2003
- Latest Action Text
- Amendment SA 372 agreed to in Senate by Voice Vote.
- Proposed Date
- Mar 25, 2003
- Submitted Date
- Mar 21, 2003
- Chamber
- Senate
- Update Date
- Sep 29, 2021