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HR 1554 113th Congress House Taxation Accounting and auditing Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Business records Congressional oversight Corporate finance and management Department of the Treasury Evidence and witnesses Financial services and investments Foreign and international banking Foreign and international corporations Fraud offenses and financial crimes Government information and archives Judicial procedure and administration Jurisdiction and venue Securities Securities and Exchange Commission (SEC) Tax administration and collection, taxpayers

Stop Tax Haven Abuse Act

Introduced: April 15, 2013 Introduced by: Doggett, Lloyd Democratic · Texas See on congress.gov
This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Apr 15, 2013
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 15, 2013
Introduced in House
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 Plain-English summary Congressional Research Service

Stop Tax Haven Abuse Act - Authorizes the Secretary of the Treasury to impose restrictions on foreign jurisdictions or financial institutions operating in the United States that are of prime money laundering concern or that significantly impede U.S. tax enforcement.

Amends the Internal Revenue Code to: (1) establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under the Foreign Account Tax Compliance Act, (2) treat certain foreign corporations managed and controlled primarily in the United States as domestic corporations for tax purposes, (3) require tax withholding agents and financial institutions to report certain information about beneficial owners of foreign-owned financial accounts, (4) treat swap payments sent offshore as taxable U.S. source income, (5) allow the use of tax return information to evaluate foreign financial account reports, (6) increase penalties for promoting abusive tax shelters and for aiding and abetting the understatement of tax liability, (7) prohibit tax advisor contingent fee agreements for obtaining a tax savings or benefit, and (8) impose additional requirements for third party summonses used to obtain information in tax investigations that do not identify the person with respect to whose liability the summons is issued (i.e., John Doe summons).

Amends the Securities Exchange Act of 1934 to: (1) require corporations registered with the Securities and Exchange Commission (SEC) to report annually, on a country-by country basis, on employees, pre-tax gross revenues, and payments made to governments; and (2) authorize a fine of up to $1 million for failure to disclose any holding or transaction involving equity or debt instruments known to involve a foreign entity that would otherwise be subject to disclosure requirements.

Requires the Secretary to publish a proposed rule in the Federal Register requiring investment advisors to establish anti-money laundering programs and submit suspicious activity reports.

Extends anti-money laundering requirements to persons engaged in the business of forming new businesses or other legal entities.

Requires federal banking agencies and the SEC to develop examination techniques to detect and prevent abusive tax shelter activities or the aiding or abetting of tax evasion by financial institutions.

Requires the Secretary to: (1) disclose tax return information to federal financial regulators for purposes of tax shelter investigations; (2) disclose to Congress documents relating to a determination to grant, deny, revoke, or restore the tax-exempt status of an organization; and (3) expand the standards applicable to tax practitioners for issuing written advice on transactions which have a potential for tax avoidance or evasion.

What's happening now April 15, 2013

Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Related & companion bills 5
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 43
D
Foster, Bill
Illinois · May 30, 2014
D
Norton, Eleanor Holmes
District of Columbia · Apr 30, 2014
D
Ruiz, Raul
California · Apr 30, 2014
Schwartz, Allyson
· Apr 30, 2014
O'Rourke, Beto
· Mar 14, 2014
D
Nadler, Jerrold
New York · Feb 28, 2014
D
Pingree, Chellie
Maine · Jan 29, 2014
D
Pallone, Frank
New Jersey · Dec 2, 2013
FATTAH, CHAKA
· May 16, 2013
Fudge, Marcia
· May 16, 2013
BECERRA, XAVIER
· Apr 15, 2013
CAPUANO, MICHAEL
· Apr 15, 2013
D
Chu, Judy
California · Apr 15, 2013
D
Cohen, Steve
Tennessee · Apr 15, 2013
CUMMINGS, ELIJAH
· Apr 15, 2013
D
DeGette, Diana
Colorado · Apr 15, 2013
D
DeLauro, Rosa L.
Connecticut · Apr 15, 2013
Edwards, Donna
· Apr 15, 2013
Ellison, Keith
· Apr 15, 2013
FARR, SAM
· Apr 15, 2013
D
Garamendi, John
California · Apr 15, 2013
GREEN, GENE
· Apr 15, 2013
GUTIERREZ, LUIS
· Apr 15, 2013
D
Huffman, Jared
California · Apr 15, 2013
D
Johnson, Henry C. "Hank"
Georgia · Apr 15, 2013
D
Larson, John B.
Connecticut · Apr 15, 2013
LEWIS, JOHN
· Apr 15, 2013
Lipinski, Daniel
· Apr 15, 2013
Loebsack, David
· Apr 15, 2013
D
Lynch, Stephen F.
Massachusetts · Apr 15, 2013
D
Markey, Edward J.
Massachusetts · Apr 15, 2013
D
McCollum, Betty
Minnesota · Apr 15, 2013
D
McGovern, James P.
Massachusetts · Apr 15, 2013
D
Moore, Gwen
Wisconsin · Apr 15, 2013
D
Peters, Gary C.
Michigan · Apr 15, 2013
D
Schakowsky, Janice D.
Illinois · Apr 15, 2013
D
Sherman, Brad
California · Apr 15, 2013
SLAUGHTER, LOUISE
· Apr 15, 2013
TIERNEY, JOHN
· Apr 15, 2013
D
Tonko, Paul
New York · Apr 15, 2013
Tsongas, Niki
· Apr 15, 2013
D
Van Hollen, Chris
Maryland · Apr 15, 2013
D
Welch, Peter
Vermont · Apr 15, 2013
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1554: Stop Tax Haven Abuse Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-1554/
MLA
"H.R. 1554: Stop Tax Haven Abuse Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-1554/.
Bluebook (legal)
H.R. 1554, 113th Cong. (2026), https://openamerica.io/bill/113-HR-1554/.
Markdown link
[H.R. 1554: Stop Tax Haven Abuse Act](https://openamerica.io/bill/113-HR-1554/)
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