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Earnings Repatriation
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2015-0056-F [ ] Tuesday, April 05, 2016 FOIA Marker This is not a textual record. This FOIA Marker indicates that material has been removed during FOIA processing by George W. Bush Presidential Library staff. National Economic Council Bonilla, Carlos Location or NARA Number: FRC ID: OA Number: Stack: Row Sect.: Shelf: Pos. Hollinger ID: W 30 19 11 3 5608 18543 1255 1377 Folder Title: Earnings Repatriation Withdrawn/Redacted Material The George W. Bush Library DOCUMENT FORM SUBJECT/TITLE PAGES DATE RESTRICTION(S) NO. 001 Briefing Temporary Repatriation Stimulus Proposal [with 4 N.D. P5; attachment] COLLECTION TITLE: National Economic Council SERIES: Bonilla, Carlos FOLDER TITLE: Earnings Repatriation FRC ID: 5608 RESTRICTION CODES Presidential Records Act - [44 U.S.C. 2204(a)] Freedom of Information Act - [5 U.S.C. 552(b)] P1 National Security Classified Information [(a)(1) of the PRA] b(1) National security classified information [(b)(1) of the FOIA] P2 Relating to the appointment to Federal office [(a)(2) of the PRA] b(2) Release would disclose internal personnel rules and practices of P3 Release would violate a Federal statute [(a)(3) of the PRA] an agency [(b)(2) of the FOIA] P4 Release would disclose trade secrets or confidential commercial or b(3) Release would violate a Federal statute [(b)(3) of the FOIA] financial information [(a)(4) of the PRA] b(4) Release would disclose trade secrets or confidential or financial P5 Release would disclose confidential advise between the President information [(b)(4) of the FOIA] and his advisors, or between such advisors [a)(5) of the PRA] b(6) Release would constitute a clearly unwarranted invasion of P6 Release would constitute a clearly unwarranted invasion of personal privacy [(b)(6) of the FOIA] personal privacy [(a)(6) of the PRA] b(7) Release would disclose information compiled for law enforcement purposes [(b)(7) of the FOIA] PRM. Personal record misfile defined in accordance with 44 U.S.C. b(8) Release would disclose information concerning the regulation of 2201(3). financial institutions [(b)(8) of the FOIA] b(9) Release would disclose geological or geophysical information Deed of Gift Restrictions concerning wells [(b)(9) of the FOIA] A. Closed by Executive Order 13526 governing access to national Records Not Subject to FOIA security information. B. Closed by statute or by the agency which originated the document. Court Sealed - The document is withheld under a court seal and is not subject to C. Closed in accordance with restrictions contained in donor's deed the Freedom of Information Act. of gift. 2015-0056-F Page 1 of 1 This document was prepared on Friday, April 22, 2016 Withdrawal Marker The George W. Bush Library FORM SUBJECT/TITLE PAGES DATE RESTRICTION(S) Briefing Temporary Repatriation Stimulus Proposal [with attachment] 4 N.D. P5; This marker identifies the original location of the withdrawn item listed above. For a complete list of items withdrawn from this folder, see the Withdrawal/Redaction Sheet at the front of the folder. COLLECTION: National Economic Council SERIES: Bonilla, Carlos FOLDER TITLE: Earnings Repatriation FRC ID: FOIA IDs and Segments: 5608 2015-0056-F OA Num.: 1377 NARA Num.: 1255 RESTRICTION CODES Presidential Records Act - [44 U.S.C. 2204(a)] Freedom of Information Act - [5 U.S.C. 552(b)] P1 National Security Classified Information [(a)(1) of the PRA] b(1) National security classified information [(b)(1) of the FOIA] P2 Relating to the appointment to Federal office [(a)(2) of the PRA] b(2) Release would disclose internal personnel rules and practices of P3 Release would violate a Federal statute [(a)(3) of the PRA] an agency [(b)(2) of the FOIA] P4 Release would disclose trade secrets or confidential commercial or b(3) Release would violate a Federal statute [(b)(3) of the FOIA] financial information [(a)(4) of the PRA] b(4) Release would disclose trade secrets or confidential or financial P5 Release would disclose confidential advise between the President information [(b)(4) of the FOIA] and his advisors, or between such advisors [a)(5) of the PRA] b(6) Release would constitute a clearly unwarranted invasion of P6 Release would constitute a clearly unwarranted invasion of personal privacy [(b)(6) of the FOIA] personal privacy [(a)(6) of the PRA] b(7) Release would disclose information compiled for law enforcement purposes [(b)(7) of the FOIA] PRM. Personal record misfile defined in accordance with 44 U.S.C. b(8) Release would disclose information concerning the regulation of 2201(3). financial institutions [(b)(8) of the FOIA] b(9) Release would disclose geological or geophysical information Deed of Gift Restrictions concerning wells [(b)(9) of the FOIA] A. Closed by Executive Order 13526 governing access to national Records Not Subject to FOIA security information. B. Closed by statute or by the agency which originated the document. Court Sealed - The document is withheld under a court seal and is not subject to C. Closed in accordance with restrictions contained in donor's deed the Freedom of Information Act. of gift. This Document was withdrawn on 4/7/2016 by DRS POSI Coalition of Service Industries November 19, 2001 The Honorable Paul O'Neill Secretary Department of the Treasury 1500 Pennsylvania Avenue, N.W. Washington, D.C. 20220 Dear Mr. Secretary: The undersigned chief executive officers write to urge you to support permanent enactment of the active financial services provision of Subpart F of the Internal Revenue Code. Without this legislation, the current law provision, which has been applicable since 1997, will expire at the end of this year. The financial services provision treats income earned by active financial services compánies outside the United States in the same manner as foreign manufacturing income. This provision is particularly important today to maintain the global leadership of the U.S. financial services industry. At the same time, it will ensure financing for hundreds of millions of dollars in U.S. exports and protection for tens of thousands of U.S. manufacturing jobs tied to those exports. Absent this provision, the American financial services industry will not be competing on a level playing field with foreign financial institutions. Indeed, allowing the active financing provision to expire would result in a targeted tax increase on the foreign operations of American financial services firms. Finally, the current temporary nature deprives the provision of its full effect. Thus, it is especially important that this provision be made permanent, as provided in the House-passed Economic Recovery and Security Act of 2001, to allow American finance and credit companies, banks, securities firms, and insurance companies to plan effectively for their international growth. Thank you for your consideration of this important matter. Sincerely, William F. Aldinger Stephen Giliotti Kenneth D. Lewis Household International, Inc. Textron Financial Corporation Bank of America Douglas M. Atkin Joseph J. Grano, Jr. Dean R. O'Hare Instinet Corporation UBS PaineWebber, Inc. The Chubb Corporation Glen Barton J. Barry Griswell Philip J. Purcell Caterpillar Inc. Principal Financial Group Morgan Stanley Jon A. Boscia William B. Harrison, Jr. Art Ryan Lincoln Financial Group J.P. Morgan Chase & Co. Prudential Financial James E. Cayne Jeffrey R. Immelt Sanford I. Weill Bear, Stearns, & Co., Inc. General Electric Company Citigroup, Inc. Kenneth I. Chenault David H. Komansky Donald A. Winkler American Express Company Merrill Lynch & Co., Inc. Ford Financial Jay S. Fishman Robert W. Lane The St. Paul Companies, Inc. Deere & Company 1090 VERMONT AVENUE, NW SUITE 420 WASHINGTON, DC 20005 (202) 289-7460 FAX (202) 775-1726 WWW.USCSI.ORG