S 1506
112th Congress
Senate
Finance and Financial Sector
Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business records
Department of the Treasury
Government information and archives
Interest, dividends, interest rates
A bill to prevent the Secretary of the Treasury from expanding United States bank reporting requirements with respect to interest on deposits paid to nonresident aliens.
Introduced: August 2, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 2, 2011
Read twice and referred to the Committee on Finance.
Aug 2, 2011
Introduced in Senate
Plain-English summary
Prohibits the Secretary of the Treasury from requiring a payor of interest to file an information return on interest that is not effectively connected with a trade or business within the United States and that is paid to a nonresident alien on a deposit maintained at an office within the United States.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1