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H.R.3424 To amend the Internal Revenue Code of 1986 to disallow the deduction for excess non-taxed reinsurance premiums with respect to United States risks paid to aff..., 111th Congress

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Official Bill Info

  • Latest Action: Jul 31, 2009 Sponsor introductory remarks on measure.

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    I know the most recent action for this bill is as follows: "Sponsor introductory remarks on measure." on Jul 31, 2009
  • Committee Assignment: House Committee on Ways and Means

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    This bill has been assigned to the House Committee on Ways and Means committee.

Bill Statistics on OpenCongress

  • 0% of users support H.R.3424

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    0% of users on OpenCongress.org, a free, non-partisan resource, support H.R.3424.
  • H.R.3424 has been viewed 3,159 times

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    H.R.3424 has been viewed 3,159 times on OpenCongress.org, a free, non-partisan resource.
  • Contribution Data

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    Most-commented sections of the bill text

    Highest Rated User Comments

    Highly Rated Blog Articles

    • Close the Foreign Insurance Tax Loophole - January 01, 2011 by Work Accident | Slip And Fall Accident... - HR 3424 is designed to prevent foreign-owned insurers avoiding payment of their fair share of US taxes by shifting profits to tax havens overseas. This legislation will actually benefit taxpaying consumers as it is expected to recapture ...

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      As noted by Work Accident | Slip And Fall Accident... on January 01, 2011, "HR 3424 is designed to prevent foreign-owned insurers avoiding payment of their fair share of US taxes by shifting profits to tax havens overseas. This legislation will actually benefit taxpaying consumers as it is expected to recapture ..." (http://sorrymister.com/close-the-foreign-insurance-tax-loophole.html)
    • Best Cheap Netbook Online - December 25, 2010 by Car Insurance Trend - HR 3424, a bill in Congress, threatens to drastically raise insurance rates across the country. This legislation imposes an unnecessary and costly tariff on the companies that help spread insurance risks globally. ...

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      As noted by Car Insurance Trend on December 25, 2010, "HR 3424, a bill in Congress, threatens to drastically raise insurance rates across the country. This legislation imposes an unnecessary and costly tariff on the companies that help spread insurance risks globally. ..." (http://carinsurance.excitingtrend.com/?p=6355)
    • Close the Foreign Insurance Tax Loophole - December 13, 2010 by Financial Advice - HR 3424 is designed to prevent foreign-owned insurers avoiding payment of their fair share of US taxes by shifting profits to tax havens overseas. This legislation will actually benefit taxpaying consumers as it is expected to recapture ...

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      As noted by Financial Advice on December 13, 2010, "HR 3424 is designed to prevent foreign-owned insurers avoiding payment of their fair share of US taxes by shifting profits to tax havens overseas. This legislation will actually benefit taxpaying consumers as it is expected to recapture ..." (http://mrsparker.com/close-the-foreign-insurance-tax-loophole.html)

    Highly Rated News Articles

    • Insurance Marketing & Advertising Podcast Interviews Swiss Re's Alayna Francis ... - October 31, 2010 by Bradenton Herald - The video is an argument against the Neal Bill (HR 3424), proposed legislation that addresses US companies' use of affiliated offshore reinsurers. ...

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      As noted by Bradenton Herald on October 31, 2010, " The video is an argument against the Neal Bill (HR 3424), proposed legislation that addresses US companies' use of affiliated offshore reinsurers. ... " (http://www.bradenton.com/2010/11/01/2699977/insurance-marketing-advertising.html)
    • Bill to cap reinsurance deducibility gets mixed reaction - July 30, 2009 by Business Insurance - The bill, HR 3424, that Rep. Richard Neal, D-Mass., introduced Thursday is designed to “end the practice of excessive reinsurance between related entities” ...

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      As noted by Business Insurance on July 30, 2009, "The bill, HR 3424, that Rep. Richard Neal, D-Mass., introduced Thursday is designed to “end the practice of excessive reinsurance between related entities” ..." (http://www.businessinsurance.com/article/20090731/NEWS/907319979)
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