Referred to the Committee on Government Reform, and in addition to the Committees on Ways and Means, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Corporate Entitlement Reform Act of 2005 - Establishes the Corporate Entitlement Reform Commission to: (1) examine and identify federal programs and tax laws that provide corporate entitlements (federally-funded payments to profitmaking enterprises provided without a reasonable expectation that activities performed in return for such payments would result in benefits to the public at least as great as the payments); (2) review such entitlements; (3) recommend $50 billion in federal savings on corporate entitlements for the period beginning October 1, 2006, and ending September 30, 2016; and (4) report to Congress on its findings and recommendations.
Sets forth procedures for congressional consideration and implementation of the Commission's recommendations.
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