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HR 5846 101th Congress House Taxation Foreign investments Income tax Iraq Kuwait Military occupation Sanctions (International law) Tax rates

To amend the Internal Revenue Code of 1986 to impose a 100 percent tax on income from frozen Iraqi assets.

Introduced: October 17, 1990 See on congress.gov
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 17, 1990
Referred to the House Committee on Ways and Means.
Oct 17, 1990
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to impose a 100 percent tax on income from frozen Iraqi assets. Authorizes the President to modify such tax if the armed forces of Iraq withdraw from Kuwait within the time and in the manner determined by the President.

What's happening now October 17, 1990

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Pelosi, Nancy
California · Oct 25, 1990
 D
Durbin, Richard J.
Illinois · Oct 22, 1990
 D
Kaptur, Marcy
Ohio · Oct 22, 1990
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5846: To amend the Internal Revenue Code of 1986 to impose a 100 percent tax on income from frozen Iraqi assets.. 101st Congress. Open America. https://openamerica.io/bill/101-HR-5846/
MLA
"H.R. 5846: To amend the Internal Revenue Code of 1986 to impose a 100 percent tax on income from frozen Iraqi assets.." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-5846/.
Bluebook (legal)
H.R. 5846, 101st Cong. (2026), https://openamerica.io/bill/101-HR-5846/.
Markdown link
[H.R. 5846: To amend the Internal Revenue Code of 1986 to impose a 100 percent tax on income from frozen Iraqi assets.](https://openamerica.io/bill/101-HR-5846/)
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