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Corporate Subsidy Reform Commission Act of 1997

Placed on Senate Legislative Calendar under General Orders. Calendar No. 209.

Official summary

Version 01 · Reported to Senate with amendment(s) · Oct 9, 1997

Corporate Subsidy Reform Commission Act of 1997 - Defines the term "inequitable Federal subsidy." Establishes an independent Corporate Reform Commission to: (1) examine the programs and tax laws of the Federal Government and identify those that provide inequitable Federal subsidies; (2) review inequitable Federal subsidies; and (3) submit a report to the President and the Congress in order to ensure fairness and equity in the operation and application of such existing programs or tax laws. Directs the Commission to limit its recommendations to the termination or reform of payments, benefits, services, or tax advantages, rather than the termination of Federal agencies and departments. Authorizes the Comptroller General of the United States to provide assistance, including the detailing of employees, to the Commission in accordance with an agreement entered into with the Commission. Requires the Commission and the Comptroller General to consult with certain congressional committees before entering into such agreement. Authorizes appropriations to the Commission and the Comptroller General. Terminates the Commission on September 1, 1999. Sets forth procedures for Federal departments and agencies, the Commission, and the President for making recommendations to terminate inequitable Federal subsidies. Provides a special review requirement for international trade programs. Sets forth requirements for Commission reports and for congressional consideration of any subsequent presidential recommendations.

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Who introduced it

Sen. McCain, John [R-AZ] · R–AZ

Committees

  • Homeland Security and Governmental Affairs Committee
12 cosponsorship records, including any withdrawals

Actions

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  1. Placed on Senate Legislative Calendar under General Orders. Calendar No. 209.

  2. Committee on Governmental Affairs. Reported to Senate by Senator Thompson with amendments and an amendment to the title. With written report No. 105-107. Additional views filed.

  3. Committee on Governmental Affairs. Reported to Senate by Senator Thompson with amendments and an amendment to the title. With written report No. 105-107. Additional views filed.

  4. Committee on Governmental Affairs. Ordered to be reported with amendments favorably.

  5. Committee on Governmental Affairs. Hearings held. Hearings printed: S.Hrg. 105-209.

  6. Read twice and referred to the Committee on Governmental Affairs.

  7. Sponsor introductory remarks on measure. (CR S729-730)

  8. Introduced in Senate

Bill text & related measures

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Related bills identified by Congress.gov

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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze S.207 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

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Institutions and government scope

Conservative lens

Examine S.207 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Individual rights and government power

Liberty lens

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