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HR 2889 102th Congress House

American Jobs and Manufacturing Preservation Act of 1991

Official title: To amend the Internal Revenue Code of 1986 to end deferral for United States shareholders on income of controlled foreign corporations attributable to property imported into the United States.

Introduced: November 19, 1991 See on congress.gov
Taxation Foreign Trade and International FinanceForeign corporationsForeign tax creditImports
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Income taxTaxation of foreign income
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 3, 1991
Committee Hearings Held.
Jul 15, 1991
Referred to the House Committee on Ways and Means.
Jul 15, 1991
Introduced in House
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 Latest action October 3, 1991

Committee Hearings Held.

 Plain-English summary Congressional Research Service

American Jobs and Manufacturing Preservation Act of 1991 - Amends the Internal Revenue Code to include imported property income of a controlled foreign corporation or related person as foreign base company income. Defines imported property income as that from: (1) manufacturing, producing, growing, or extracting imported property; (2) the sale, exchange, or other disposition of imported property; or (3) the lease, rental, or licensing of imported property.

Requires the separate application of the limitation on the foreign tax credit on imported property income. Applies the look-thru rules in the case of controlled foreign corporations to such income.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Independent 1
I
Sanders, Bernard
Vermont · Feb 20, 1992
 D
Kaptur, Marcy
Ohio · Nov 19, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2889: American Jobs and Manufacturing Preservation Act of 1991. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-2889/
MLA
"H.R. 2889: American Jobs and Manufacturing Preservation Act of 1991." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-2889/.
Bluebook (legal)
H.R. 2889, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-2889/.
Markdown link
[H.R. 2889: American Jobs and Manufacturing Preservation Act of 1991](https://openamerica.io/bill/102-HR-2889/)
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