What The Vote
Overview

To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies.

Taxation

108-hr2228 — To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies.. Sponsored by Rep. Crane, Philip M. [R-IL-8]. Introduced 2003-05-22. House bill. 108th Congress.

108-hr2228 108th Congress House Referred to the House Committee on Ways and Means. Died in Committee
Congress.gov

To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies.

Timeline

Rep. Crane, Philip M. [R-IL-8]
Sponsor
Rep. Crane, Philip M. [R-IL-8] (R), IL
Cosponsors
20 cosponsors
Introduced
2003-05-22
Committees
Ways and Means Committee
Subjects
Administrative procedure; Affiliated corporations; Commerce; Corporation taxes; Department of the Treasury; Finance and Financial Sector; Government Operations and Politics; Income tax; Insurance companies; Law; Life insurance; Losses; Stocks; Subsidiary corporations; Tax returns; Valuation

Bill Activity

House
Introduced in House
2003-05-22
Committee
2003-05-22
Referred to the House Committee on Ways and Means.

How a Bill Becomes a Law

The typical path from introduction to law. Every bill's actual journey (above) may skip steps or stop early — most never make it past committee.

  1. 1
    Introduced

    A member files the bill in the House or Senate.

  2. 2
    Committee Review

    Referred to committee for hearings, markup, and a vote to advance it.

    Stalled here
  3. 3
    Floor Vote

    The full chamber debates and votes on passage.

  4. 4
    Second Chamber

    If passed, it repeats committee review and a floor vote in the other chamber.

  5. 5
    Resolve Differences

    If the chambers pass different versions, a conference reconciles them.

  6. 6
    Sent to President

    The reconciled bill is enrolled and delivered to the White House.

  7. 7
    Signed or Vetoed

    Becomes law with a signature, or automatically after 10 days.

    ✓ Becomes Law ✗ Vetoed

A veto can still be overridden by a two-thirds vote in both chambers. And once a bill is signed into law, further changes come from new amending legislation — not edits to the original text.

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