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S 396 110th Congress Senate Taxation Commerce Corporation taxes Foreign Trade and International Finance Foreign corporations Income tax Tax shelters Taxation of foreign income

A bill to amend the Internal Revenue Code of 1986 to treat controlled foreign corporations in tax havens as domestic corporations.

Introduced: January 25, 2007 See on congress.gov
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 29, 2007
Sponsor introductory remarks on measure. (CR S1265)
Jan 25, 2007
Read twice and referred to the Committee on Finance.
Jan 25, 2007
Sponsor introductory remarks on measure. (CR S1194-1195)
Jan 25, 2007
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to treat certain controlled foreign corporations created or organized under the laws of a tax-haven country as domestic corporations for tax purposes. Sets forth a list of "tax-haven countries" and grants the Secretary of the Treasury authority to remove or add a country from such list.

What's happening now January 29, 2007

Sponsor introductory remarks on measure. (CR S1265)

 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 · Sep 27, 2007
 D
Whitehouse, Sheldon
Rhode Island · Jul 10, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). S. 396: A bill to amend the Internal Revenue Code of 1986 to treat controlled foreign corporations in tax havens as domestic corporations.. 110th Congress. Open America. https://openamerica.io/bill/110-S-396/
MLA
"S. 396: A bill to amend the Internal Revenue Code of 1986 to treat controlled foreign corporations in tax havens as domestic corporations.." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-396/.
Bluebook (legal)
S. 396, 110th Cong. (2026), https://openamerica.io/bill/110-S-396/.
Markdown link
[S. 396: A bill to amend the Internal Revenue Code of 1986 to treat controlled foreign corporations in tax havens as domestic corporations.](https://openamerica.io/bill/110-S-396/)
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