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S 45 112th Congress Senate

Offshoring Prevention Act

Official title: A bill to amend the Internal Revenue Code of 1986 to provide for the taxation of income of controlled foreign corporations attributable for imported property.

Introduced: January 25, 2011 Introduced by: Whitehouse, Sheldon Democratic · Rhode Island See on congress.gov
Taxation Foreign and international corporationsIncome tax creditsTaxation of foreign income
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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
Jan 25, 2011
Introduced in Senate
Jan 25, 2011
Read twice and referred to the Committee on Finance.
Jan 25, 2011
Sponsor introductory remarks on measure. (CR S152-153)
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 Latest action January 25, 2011

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Offshoring Prevention Act - Amends the Internal Revenue Code to include in foreign base company income, for purposes of determining the foreign trade income of controlled foreign corporations, imported property income. Defines "imported property income" as, with certain exceptions, income attributable to property manufactured outside of the United States and imported for sale into the United States. Provides for a separate application of limitations on the foreign tax credit for imported property income.

 Related & companion bills 1
  • HR 2280 Identical bill Offshoring Prevention Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Independent 1
D
Durbin, Richard J.
Illinois · Jan 25, 2011
 I
Sanders, Bernard
Vermont · Jan 25, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). S. 45: Offshoring Prevention Act. 112th Congress. Open America. https://openamerica.io/bill/112-S-45/
MLA
"S. 45: Offshoring Prevention Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-45/.
Bluebook (legal)
S. 45, 112th Cong. (2026), https://openamerica.io/bill/112-S-45/.
Markdown link
[S. 45: Offshoring Prevention Act](https://openamerica.io/bill/112-S-45/)
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