Skip to main content
HR 4860 103th Congress House Taxation Administrative procedure Budget deficits Corporation taxes Department of the Treasury Derivative securities Economics and Public Finance Federal budgets Finance and Financial Sector Foreign Trade and International Finance Foreign corporations Foreign investments Foreign tax credit Government Operations and Politics Imports Income tax International Affairs International corporations Tax administration Tax refunds

Foreign Tax Compliance Act of 1994

Introduced: July 29, 1994 See on congress.gov
Sign in to write a letter Sign in to watch
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
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 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.

What's happening now July 29, 1994

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1
D
Kaptur, Marcy
Ohio · 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/)
Report a problem