H.R. 1086: Offshoring Prevention Act

Introduced:
Mar 12, 2013 (113th Congress, 2013–2015)
Sponsor:
Rep. David Cicilline [D-RI1]
Status:
Referred to Committee
See Instead:

S. 561 (same title)
Referred to Committee — Mar 14, 2013

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was assigned to a congressional committee on March 12, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.

Progress
Introduced Mar 12, 2013
Referred to Committee Mar 12, 2013
Reported by Committee ...
Passed House ...
Passed Senate ...
Signed by the President ...
Prognosis

0% chance of getting past committee.
0% chance of being enacted.

Only 11% of House bills made it past committee and only 3% were enacted in 2011–2013. [show factors | methodology]

Cosponsors
5 cosponsors (5D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to provide for the taxation of income of controlled foreign corporations attributable to imported property.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Mar 12, 2013.
7 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

3/12/2013--Introduced.
Offshoring Prevention Act - Amends the Internal Revenue Code to include in foreign base company income, for purposes of determining the foreign trade income of controlled foreign corporations, imported property income.
Defines "imported property income" as, with certain exceptions, income attributable to property manufactured outside of the United States and imported for sale into the United States. Provides for a separate application of limitations on the foreign tax credit for imported property income.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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