Skip to main content
HR 681 106th Congress House Taxation Bank holding companies Business income tax Commerce Corporation taxes Finance and Financial Sector Foreign Trade and International Finance Foreign banks and banking Foreign corporations Holding companies Income tax Insurance Insurance companies Stockholders Taxation of foreign income

To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.

Introduced: February 10, 1999 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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
Feb 10, 1999
Referred to the House Committee on Ways and Means.
Feb 10, 1999
Sponsor introductory remarks on measure. (CR E193)
Feb 10, 1999
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

Amends subpart F (Controlled Foreign Corporations) of the Internal Revenue Code to make permanent the provision which excludes from foreign personal holding company income qualified banking or financing income of an eligible controlled foreign corporation.

What's happening now February 10, 1999

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
Larson, John B.
Connecticut · Apr 28, 1999
 D
McGovern, James P.
Massachusetts · Feb 25, 1999
 D
Neal, Richard E.
Massachusetts · Feb 10, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 681: To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.. 106th Congress. Open America. https://openamerica.io/bill/106-HR-681/
MLA
"H.R. 681: To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-681/.
Bluebook (legal)
H.R. 681, 106th Cong. (2026), https://openamerica.io/bill/106-HR-681/.
Markdown link
[H.R. 681: To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.](https://openamerica.io/bill/106-HR-681/)
Report a problem