FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W48019653> ?p ?o ?g. }

• W48019653 startingPage "27" @default.
• W48019653 abstract "On Sept. 7, the House of Representatives passed major patent reform legislation, which would ban the issuance of patents on tax strategies. The AICPA is a strong advocate of Congress' work in this area. The comprehensive patent reform bill (HR 1908) also contains provisions unrelated to patents on tax strategies, including measures to improve patent quality and reduce costly litigation. In the days prior to the House vote, the Bush administration made its first formal statement on the tax patent issue, stating it understands the concerns surrounding the trend toward patenting tax strategies and will work with Congress on a solution. The House Judiciary Committee, which has jurisdiction over patent legislation, issued its report on the patent bill, and it signals that serious consideration is being given to the tax patent issue on Capitol Hill. The report outlines a number of concerns about the phenomenon of patented tax strategies and their potential impact on the tax system. Among those concerns, the committee wrote, are the potential for lost revenue, the removal of particular ways to satisfy legal obligations from the public domain, and long-term damage to the tax system. The report is available on the committee's Web site at http://judiciary.house.gov. It is legislative report number 110-314. In addition, in the first public statement from major tax writers on Capitol Hill, House Ways and Means Committee Chairman Charles Rangel, D-N.Y., and ranking member Jim McCrery, R-La., sent a letter to all their colleagues in the House urging support for a legislative ban on these patents. The action now shifts to the Senate, where a bipartisan group of senior senators from the Judiciary, Finance, and Homeland Security & Government Affairs committees are drafting a similar proposal to ban patents on tax strategies. The senators have expressed concern that tax patents interfere with tax compliance and undermine the integrity and fairness of our tax system. Legislation could move in the Senate in one of several ways. It could be attached as an amendment to the Senate's own patent reform legislation (S 1145), a measure that the Senate Judiciary Committee approved in July and does not include tax patents. Alternatively, it could be introduced as a free-standing bill and passed on its own or get attached to another piece of legislation on the Senate floor. * Federal Housing Administration (FHA) Overhaul Legislation The urgency to pass FHA reform legislation was given new impetus by the recent problems in the home mortgage market that have curtailed funding for home loans. FHA officials have asked Congress to quickly enact legislation to help the program compete more effectively against subprime lenders that have cut into the agency's market share. The House passed its FHA bill on Sept. 18. It includes several features that enjoy widespread support, including the risk-based pricing of mortgage insurance premiums, a zero down payment provision, elimination of the cap on Home Equity Conversion Mortgages, and an easing of limits on the value of mortgages that can be insured in high-cost areas. The House bill (HR 1852) makes the financial statement audits of FHA brokers and correspondent lenders voluntary for five years, with the goal of encouraging more brokers to sell FHA products. If a broker does not get an audit, they must get a surety bond instead. The bill would require the Government Accountability Office to study the new provision's impact on default rates. The AICPA strongly opposes the congressional effort to remove the audited financial statement requirement for mortgage brokers originating FHA loans. …" @default.
• W48019653 created "2016-06-24" @default.
• W48019653 creator A5041441369 @default.
• W48019653 date "2007-12-01" @default.
• W48019653 modified "2023-09-28" @default.
• W48019653 title "House Passes Tax Strategy Patent Ban, FHA Overhaul Legislation" @default.
• W48019653 hasPublicationYear "2007" @default.
• W48019653 type Work @default.
• W48019653 sameAs 48019653 @default.
• W48019653 citedByCount "0" @default.
• W48019653 crossrefType "journal-article" @default.
• W48019653 hasAuthorship W48019653A5041441369 @default.
• W48019653 hasConcept C10138342 @default.
• W48019653 hasConcept C144133560 @default.
• W48019653 hasConcept C17744445 @default.
• W48019653 hasConcept C195487862 @default.
• W48019653 hasConcept C199539241 @default.
• W48019653 hasConcept C2776949292 @default.
• W48019653 hasConcept C2777351106 @default.
• W48019653 hasConcept C3116431 @default.
• W48019653 hasConcept C551662922 @default.
• W48019653 hasConcept C83009810 @default.
• W48019653 hasConceptScore W48019653C10138342 @default.
• W48019653 hasConceptScore W48019653C144133560 @default.
• W48019653 hasConceptScore W48019653C17744445 @default.
• W48019653 hasConceptScore W48019653C195487862 @default.
• W48019653 hasConceptScore W48019653C199539241 @default.
• W48019653 hasConceptScore W48019653C2776949292 @default.
• W48019653 hasConceptScore W48019653C2777351106 @default.
• W48019653 hasConceptScore W48019653C3116431 @default.
• W48019653 hasConceptScore W48019653C551662922 @default.
• W48019653 hasConceptScore W48019653C83009810 @default.
• W48019653 hasIssue "6" @default.
• W48019653 hasLocation W480196531 @default.
• W48019653 hasOpenAccess W48019653 @default.
• W48019653 hasPrimaryLocation W480196531 @default.
• W48019653 hasRelatedWork W12036104 @default.
• W48019653 hasRelatedWork W1753613619 @default.
• W48019653 hasRelatedWork W185682780 @default.
• W48019653 hasRelatedWork W2078591715 @default.
• W48019653 hasRelatedWork W2104339511 @default.
• W48019653 hasRelatedWork W2287932425 @default.
• W48019653 hasRelatedWork W2323927023 @default.
• W48019653 hasRelatedWork W2335245401 @default.
• W48019653 hasRelatedWork W2401883979 @default.
• W48019653 hasRelatedWork W2523686984 @default.
• W48019653 hasRelatedWork W2608443124 @default.
• W48019653 hasRelatedWork W2993139524 @default.
• W48019653 hasRelatedWork W3089356832 @default.
• W48019653 hasRelatedWork W3124594962 @default.
• W48019653 hasRelatedWork W3182236731 @default.
• W48019653 hasRelatedWork W3193061822 @default.
• W48019653 hasRelatedWork W2292013691 @default.
• W48019653 hasRelatedWork W2293943129 @default.
• W48019653 hasRelatedWork W2308754688 @default.
• W48019653 hasRelatedWork W2341900021 @default.
• W48019653 hasVolume "204" @default.
• W48019653 isParatext "false" @default.
• W48019653 isRetracted "false" @default.
• W48019653 magId "48019653" @default.
• W48019653 workType "article" @default.