S. 2666: Corporate Inverters Earnings Stripping Reform Act of 2016

Introduced:

Mar 10, 2016

Status:

Referred to Committee on Mar 10, 2016

This bill was assigned to a congressional committee on March 10, 2016, which will consider it before possibly sending it on to the House or Senate as a whole.

Sponsor:

Charles “Chuck” Schumer

Senior Senator from New York

Democrat

Text:

Read Text »
Last Updated: Mar 10, 2016
Length: 7 pages

Prognosis:

0% chance of being enacted (details)

About the bill

Full Title

A bill to amend the Internal Revenue Code of 1986 to prevent earnings stripping of domestic corporations which are members of a worldwide group of corporations which includes an inverted corporation and to require agreements with respect to certain related party transactions with those members.

The bill’s titles are written by its sponsor.

Read CRS Summary >

History

Mar 10, 2016
 
Introduced

This is the first step in the legislative process.

 
Reported by Committee

 
Passed Senate

 
Passed House

 
Signed by the President

This page is about a bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Links & tools

Primary Source

Congress.gov

Congress.gov is updated generally one day after events occur. Legislative activity since the last update may not be reflected on GovTrack. Data via congress project.

Citation

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