The Foreign Relations Committee announcement states the subject of the hearing will be the following tax agreements with:
All but the Protocol with Japan have previously been approved and reported by the Foreign Relations Committee, but have not been considered by the full Senate.
In the United States, ratification requires the advice and consent of the Senate. A signed tax treaty is first referred to the Senate Foreign Relations Committee for consideration. A public hearing for the tax treaty is typically held. The Senate Foreign Relations Committee then reports the treaty with a recommendation to the full Senate.
The Senate Foreign Relations Committee in early 2014 approved and reported tax treaties and/or Protocols with Switzerland, Luxembourg, Hungary, Chile, Spain, and the Protocol amending the OECD convention on mutual administrative assistance in tax matters. However, approval by the full Senate under unanimous consent motions had been blocked by Senator Rand Paul (R-KY).
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