A bill to amend the Internal Revenue Code of 1986 to modify the global intangible low-taxed income by repealing the tax-free deemed return on investments and determining net CFC tested income on a per-country basis.
The bill’s titles are written by its sponsor.
Sponsor and status
117th Congress (2021–2023)
Introduced on Jan 22, 2021
This bill is in the first stage of the legislative process. It was introduced into Congress on January 22, 2021. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Other activity may have occurred on another bill with identical or similar provisions.
2 Cosponsors (2 Democrats)
Position statements
What legislators are saying
“VIDEO: Klobuchar Leads Bipartisan Group of Colleagues on the Senate Floor in Series of Speeches on the Need to Stop Big Tech Self-Preferencing”
—
Sen. Amy Klobuchar [D-MN]
(Sponsor)
on Nov 3, 2021
“Sen. Johnson Statement on Conditions in Afghanistan”
—
Sen. Ron Johnson [R-WI]
on Aug 14, 2021
“Wagner, Blunt Announce Legislation to Honor Ulysses S. Grant”
—
Rep. Ann Wagner [R-MO2]
on Sep 17, 2021
History
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Nov 28, 2018
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Earlier Version —
Introduced
This activity took place on a related bill, S. 3674 (115th). |
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May 22, 2019
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Earlier Version —
Introduced
This activity took place on a related bill, S. 1610 (116th). |
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Jan 22, 2021
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Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber. |
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Jun 22, 2022
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Considered by Senate Committee on Commerce, Science, and Transportation
A committee held a hearing or business meeting about the bill.
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If this bill has further action, the following steps may occur next: | |
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Passed Committee
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Passed Senate
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Passed House
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Signed by the President
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S. 20 is 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.
Bills numbers restart every two years. That means there are other bills with the number S. 20. This is the one from the 117th Congress.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
“S. 20 — 117th Congress: Removing Incentives for Outsourcing Act.” www.GovTrack.us. 2021. July 3, 2022 <https://www.govtrack.us/congress/bills/117/s20>
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Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.
