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FEDERALhearing transcript

Senate Finance Committee Hearing on International Tax Reform

Original title: INTERNATIONAL TAX REFORM

January 1, 2018

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The Frame

What this does

The hearing served as a formal legislative step in the 2017 effort to overhaul the U.S. international tax system, which dictates how American corporations are taxed on global earnings.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

U.S. Corporations

International tax reform changes the tax obligations for companies operating across borders.

Taxpayers

Changes to the tax code impact federal revenue and the broader economic environment.

What changed

Last recorded activity January 1, 2018.

What's next

Next step not available in the current record.

Summary

This document is a transcript of a Senate Finance Committee hearing held on October 3, 2017, regarding . The session included opening statements from committee leadership and testimony from four academic experts in law and economics.

Key Facts

  • The hearing took place on October 3, 2017, in the Dirksen Senate Office Building.
  • The session was convened to discuss international tax reform as part of a broader tax reform effort.
  • Four expert witnesses provided testimony: Bret Wells, Kimberly A. Clausing, Stephen E. Shay, and Itai Grinberg.
  • The hearing included opening statements from Chairman Orrin G. Hatch and Senator Ron Wyden.
  • The committee acknowledged the Las Vegas shooting tragedy during the opening remarks.
  • The document includes an alphabetical listing of submitted communications from various organizations, including the American Council of Life Insurers and the FACT Coalition.

Why It Matters

The hearing served as a formal legislative step in the 2017 effort to overhaul the U.S. international tax system, which dictates how American corporations are taxed on global earnings.

Frequently Asked Questions

What was the purpose of this hearing?
The hearing was held to gather expert testimony and discuss potential changes to the U.S. international tax system.
Who testified at the hearing?
The witnesses were professors Bret Wells, Kimberly A. Clausing, Stephen E. Shay, and Itai Grinberg.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Lobbying Activity

AARP

$4,110,000

2026

HEALTH ISSUESMEDICARE/MEDICAIDLAW ENFORCEMENT/CRIME/CRIMINAL JUSTICEPHARMACY

P.L. 119-21, One Big Beautiful Bill Act H.R. 8867, Planning for Long-term Aging Needs (PLAN) Act H.R. 5861, Legacy Act of 2025 H.R. 9393, the Lower Costs, More Transparency Act. H.R. 9396, the Prior Authorization Accountability Act. S. 4916, the Aging with Artificial Intelligence Act. H.R. 8100, Safe Staffing Saves Lives Act. S. 3886, Nurses Belong in Nursing Homes Act. H.R. 6766/S. 3492, the Essential Caregivers Act of 2025. H.R. 7966/S. 4118, Hospice Care Accountability, Reform, and Enforcement (Hospice CARE) Act. S. 2120, the Older Americans Act Reauthorization Act of 2025 H.R. 5575, the Firefighters Assisting Seniors to Emergency Response (FASTER) Act of 2025. H.R. 3954/S. 4641, Improving Access to Medicare Coverage Act. H.R.5554/S.2831, Stand Strong for Medicare Act. S. 3439/H.R. 6735, Connecting Caregivers to Medicare Act and efforts related to the bill S. 1227/H.R. 2491, Alleviating Barriers for Caregivers Act S. 668/H.R. 3183, Supporting Access to Falls Education and Prevention and Strengthening Training Efforts and Promoting Safety Initiatives (SAFE STEPS) for Veterans Act of 2025 CMS-1851-P, Hospice Proposed rule. CMS-1843-P, Skilled Nursing Facility Proposed rule. CMS-1844-P, Home Health Proposed rule. No bill number. Health care transparency. No bill number. Discussed use of artificial intelligence and health data technology. No bill number. Discussed health-related policies and activities around the fall respiratory virus season. No bill number. Discussed health insurance affordability proposals. No bill number. Discussed Nursing Home staffing standards, safety, and quality. No bill number. Discussed Nursing home transparency and ownership requirements. No bill number. Discussed home health, hospice, and long-term care. No bill number. Discussed falls prevention. No bill number. Discussed social isolation. No bill number. Discussed HUD Assisted Living Requirements No bill number. Discussed family caregiving. No bill number. Discussed AARP paper on Medicare Caregiver Training Services. No bill number. Discussed Medicaid community engagement interim final rule, including the family caregiver exemption. No bill number. Discussed the paid direct care workforce in long-term care. No bill number. Discussed the unaffordability of long-term care. No bill number. Discussed Money Follows the Person Rebalancing Demonstration Program and Medicaid HCBS spousal impoverishment protections. No bill number. Discussed Medicaid fraud and family caregivers, Medicaid self-direction programs. No bill number. Discussed sandwich generation family caregiver hearing and submitted a statement for the record discussing family caregivers and sandwich generation caregivers, programs that support them, AARP caregiving resources, and federal policies to support sandwich generation caregivers and caregivers more broadly. No bill number. Discussed long-term care. No bill number. CMS-2453-NC; Medicaid Program; 2028 Medicaid Home and Community-Based Services Quality Measure Set Submitted comments No bill number. Discussed expanding access to home care. No bill number. Discussed the increasing cost of home care No bill number. Discussed HSA use for telehealth chronic care management services/subscriptions. No bill number. Discussed artificial intelligence and technology

S-3 GROUP

on behalf of ABBOTT LABORATORIES

HOLLAND & KNIGHT LLP

on behalf of TAKEDA PHARMACEUTICALS AMERICA, INC.

SMALL BUSINESS MAJORITY FOUNDATION, INC.

ECONOMIC POLICY STRATEGIES

on behalf of PINTEREST, INC.

CRYPTO COUNCIL FOR INNOVATION

$300,000

Sponsors

Show 1 more sponsor

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

temporal pattern100% confidence

Legislative Timing

The hearing occurred in October 2017, shortly before the passage of the Tax Cuts and Jobs Act of 2017.

Connected Entities

personOrrin G. HatchChairman of the Senate Finance CommitteeMap →
personStephen E. ShaySenior Lecturer on Law, Harvard Law SchoolMap →
personRon WydenRanking Member of the Senate Finance CommitteeMap →
personKimberly A. ClausingProfessor of Economics, Reed CollegeMap →
personBret WellsProfessor of Law, University of HoustonMap →
organizationSenate Committee on FinanceThe committee conducting the hearingMap →
personItai GrinbergProfessor of Law, Georgetown UniversityMap →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance60
    How much this matters to a regular citizen
  • Controversy20
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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