A bill to establish a task force on economic revitalization.
Latest action. Referred to House Committee on Ways and Means.
Establishes a Task Force on Economic Revitalization. Sets forth the membership and powers of the Task Force. Directs the Task Force to conduct a comprehensive study and investigation of corporate finance. States that the study and investigation shall include, but not be limited to, an evaluation of possible amendments to the Federal tax laws designed to: (1) provide adequate sources of investment for capital formation; (2) increase the mobility of financial capital; (3) improve national balances between debt, equity, and retained earnings; (4) encourage equity financing over debt financing; (5) encourage dividend income over capital gains; and (6) promote capital ownership by low-and middle-income persons through deferred compensation plans. Authorizes appropriations of such sums as may be necessary to carry out the provisions of this Act.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on September 24, 1974. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on September 24, 1974: Referred to House Committee on Ways and Means.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the House
- Passage by the Senate
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 93rd Congress (1973-74), 651 of the 23,396 bills and joint resolutions introduced became law, about 2.8 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
ALAN STEELMAN (R-TX) introduced it on September 24, 1974. No cosponsors are recorded.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on September 24, 1974, 18979 days ago. The most recent recorded action was 18979 days ago, on September 24, 1974.
Measures do not carry over. Anything the 93rd Congress has not finished by January 3, 1975 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers