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Bill113th CongressFiled Apr 9, 2014Taxation
H.R. 4438

American Research and Competitiveness Act of 2014

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (May 9, 2014)

American Research and Competitiveness Act of 2014 - Amends the Internal Revenue Code to establish a permanent research tax credit that allows for: (1) 20% of the qualified or basic research expenses that exceed 50% of the average qualified or basic research expenses for the 3 preceding taxable years, and (2) 20% of amounts paid to an energy research consortium for energy research. Reduces such credit rate to 10% if a taxpayer has no qualified research expenses in any one of the 3 preceding taxable years.

Prohibits the entry of the budgetary effects of this Act on any PAYGO scorecard.

What just happenedMay 12, 2014

Received in the Senate.

Who’s behind it

Rep. Brady, Kevin [R-TX-8](R-TX)Sponsor
23 cosponsors9 D14 R
Read on Congress.gov
23cosponsors1committees27actions1amendments5related bills3subjects
  1. May 12, 2014IntroReferral

    Received in the Senate.

  2. May 9, 2014FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. May 9, 2014FloorH37100

    On passage Passed by the Yeas and Nays: 274 - 131 (Roll no. 211). (text: CR 5/8/2014 H3980-3981)

  4. May 9, 2014Floor8000

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 274 - 131 (Roll no. 211).(text: CR 5/8/2014 H3980-3981)

  5. May 9, 2014FloorH36110

    On motion to recommit with instructions Failed by the Yeas and Nays: 191 - 209 (Roll no. 210).

    Ways and Means Committee
  6. May 9, 2014FloorH8A000

    The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H4022)

  7. May 9, 2014FloorH8D000

    DEBATE - The House proceeded with 10 minutes of debate on the Kirkpatrick motion to recommit with instructions. The instructions contained in the motion seek to ensure that businesses can only claim the Research and Development credit for expenses attributable to wages if they: (1) guarantee female employees receive equal pay for equal work; (2) give priority to hiring unemployed Americans, especially veterans; and (3) do not outsource American jobs. Additionally, the motion ensures that the underlying legislation cannot take effect if it increases the deficit.

  8. May 9, 2014FloorH36100

    Mrs. Kirkpatrick moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H4021-4022; text: CR H4021)

    Ways and Means Committee
  9. May 9, 2014FloorH30000

    Considered as unfinished business. (consideration: CR H4021-4023)

  10. May 8, 2014FloorH8D000

    POSTPONED PROCEEDINGS - The Chair announced that pursuant to clause 1(c) of rule 19, further proceedings on H.R. 4438 would be postponed.

  11. May 8, 2014FloorH35000

    The previous question was ordered pursuant to the rule. (consideration: CR H3988)

  12. May 8, 2014FloorH8D000

    DEBATE - The House resumed with the remaining 28 and 3/4 minutes of debate.

  13. May 8, 2014FloorH30000

    Considered as unfinished business. (consideration: CR H3985-3988)

  14. May 8, 2014FloorH8D000

    POSTPONED PROCEEDINGS - The Chair announced that pursuant to clause 1(c) of rule 19, further proceedings on H.R. 4438 would be postponed.

  15. May 8, 2014FloorH8D000

    DEBATE - The House proceeded with one hour of debate on H.R. 4438.

  16. May 8, 2014FloorH8D000

    Rule provides for consideration of H.R. 4438 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived. The amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted.

  17. May 8, 2014FloorH30000

    Considered under the provisions of rule H. Res. 569. (consideration: CR H3980-3985; text of measure as reported in House: CR H3980-3981)

  18. May 7, 2014FloorH1L220

    Rule H. Res. 569 passed House.

  19. May 6, 2014FloorH1L210

    Rules Committee Resolution H. Res. 569 Reported to House. Rule provides for consideration of H.R. 4438 with 1 hour and 30 minutes of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived. The amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted.

  20. May 2, 2014CalendarsH12410

    Placed on the Union Calendar, Calendar No. 319.

  21. May 2, 2014CommitteeH12200

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-431.

    Ways and Means Committee
  22. May 2, 2014Committee5000

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-431.

    Ways and Means Committee
  23. Apr 29, 2014Committee

    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 22 - 12.

    Ways and Means Committee
  24. Apr 29, 2014Committee

    Committee Consideration and Mark-up Session Held.

    Ways and Means Committee
  25. Apr 9, 2014IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  26. Apr 9, 2014IntroReferralIntro-H

    Introduced in House

  27. Apr 9, 2014IntroReferral1000

    Introduced in House

Passed House amendedMay 9, 201436

American Research and Competitiveness Act of 2014 - Amends the Internal Revenue Code to establish a permanent research tax credit that allows for: (1) 20% of the qualified or basic research expenses that exceed 50% of the average qualified or basic research expenses for the 3 preceding taxable years, and (2) 20% of amounts paid to an energy research consortium for energy research. Reduces such credit rate to 10% if a taxpayer has no qualified research expenses in any one of the 3 preceding taxable years.

Prohibits the entry of the budgetary effects of this Act on any PAYGO scorecard.

Reported to House with amendment(s)May 2, 201417

American Research and Competitiveness Act of 2014 - Amends the Internal Revenue Code to establish a permanent research tax credit that allows for: (1) 20% of the qualified or basic research expenses that exceed 50% of the average qualified or basic research expenses for the 3 preceding taxable years, and (2) 20% of amounts paid to an energy research consortium for energy research. Reduces such credit rate to 10% if a taxpayer has no qualified research expenses in any one of the 3 preceding taxable years.

Introduced in HouseApr 9, 2014

American Research and Competitiveness Act of 2014 - Amends the Internal Revenue Code to revise the formula for calculating the amount of the reseach tax credit and make such revised credit permanent.

American Research and Competitiveness Act of 2014 — Informed