H.R. 3025 (98th): A bill to amend the Internal Revenue Code of 1954 to repeal the 30 per centum tax on interest received by foreigners on certain portfolio debt investments which operates as a tariff to prevent such investments from entering the United States.


May 17, 1983
98th Congress, 1983–1984

Died in a previous Congress

This bill was introduced on May 17, 1983, in a previous session of Congress, but was not enacted.


Sam Gibbons

Representative for Florida's 7th congressional district


About the bill

Summary (CRS)

5/17/1983--Introduced.Amends the Internal Revenue Code to exempt from the 30 percent tax on the income of nonresident alien individuals and foreign corporations any interest received from certain portfolio debt investments.Makes ... Read more >

The bill’s title was written by its sponsor.


May 17, 1983

This is the first step in the legislative process.

This is a House of Representatives bill in the United States Congress (indicated by the “H.R.” in “H.R. 3025”). A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.


12 cosponsors (9R, 3D) (show)
Committee Assignments

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


There have been no roll call votes related to this bill.

Related Bills

Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.

H.R. 4170 (Related)
Deficit Reduction Act of 1984

Enacted — Signed by the President
Jul 18, 1984

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Primary Source

THOMAS.gov (The Library of Congress)

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