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HR 4860 103th Congress House

Foreign Tax Compliance Act of 1994

Official title: To amend the Internal Revenue Code of 1986 to improve the collection of taxes of United States persons moving production abroad and foreign persons doing busin… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to improve the collection of taxes of United States persons moving production abroad and foreign persons doing business in the United States, and for other purposes.

Introduced: July 29, 1994 See on congress.gov
Taxation Administrative procedureBudget deficitsCorporation taxesDepartment of the Treasury
More subjectsShow fewer subjects
Derivative securitiesEconomics and Public FinanceFederal budgetsFinance and Financial SectorForeign Trade and International FinanceForeign corporationsForeign investmentsForeign tax creditGovernment Operations and PoliticsImportsIncome taxInternational AffairsInternational corporationsTax administrationTax refunds
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) 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
Jul 29, 1994
Referred to the House Committee on Ways and Means.
Jul 29, 1994
Introduced in House
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 Latest action July 29, 1994

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Foreign Tax Compliance Act of 1994 - Amends the Internal Revenue Code to include in the taxation of controlled foreign corporations income attributable to imported property.

Requires the separate application of limitations on the foreign tax credit for imported property income.

Expresses the sense of the Congress that deficit reduction should be achieved in part by eliminating enforcement breakdowns that enable foreign-controlled corporations operating in the United States, and foreign persons investing in the United States, to pay no taxes.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 1
DEUTSCH, PETER
· Jul 29, 1994
FROST, MARTIN
· Jul 29, 1994
 D
Kaptur, Marcy
Ohio · Jul 29, 1994
KLECZKA, GERALD
· Jul 29, 1994
POMEROY, EARL
· Jul 29, 1994
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4860: Foreign Tax Compliance Act of 1994. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-4860/
MLA
"H.R. 4860: Foreign Tax Compliance Act of 1994." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-4860/.
Bluebook (legal)
H.R. 4860, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-4860/.
Markdown link
[H.R. 4860: Foreign Tax Compliance Act of 1994](https://openamerica.io/bill/103-HR-4860/)
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