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HR 4429 113th Congress House

Permanent Active Financing Exception Act of 2014

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

Introduced: April 8, 2014 See on congress.gov
Taxation Financial services and investmentsForeign and international bankingForeign and international corporationsIncome tax exclusion
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Insurance industry and regulationTaxation of foreign income
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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 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 2, 2014
Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-427.
May 2, 2014
Placed on the Union Calendar, Calendar No. 315.
Apr 29, 2014
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 21 - 14.
Apr 29, 2014
Committee Consideration and Mark-up Session Held.
Apr 8, 2014
Referred to the House Committee on Ways and Means.
Apr 8, 2014
Introduced in House
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 Latest action May 2, 2014

Placed on the Union Calendar, Calendar No. 315.

 Plain-English summary Congressional Research Service

Permanent Active Financing Exception Act of 2014 - Amends the Internal Revenue Code to make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business.

 Related & companion bills 1
  • S 1859 Related bill Tax Extenders Act of 2013
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 14
All 14 Democratic 4 Republican 2
Roskam, Peter
· Apr 28, 2014
 R
Smith, Adrian
Nebraska · Apr 28, 2014
Boustany, Charles
· Apr 8, 2014
BRADY, KEVIN
· Apr 8, 2014
CROWLEY, JOSEPH
· Apr 8, 2014
JOHNSON, SAM
· Apr 8, 2014
 D
Larson, John B.
Connecticut · Apr 8, 2014
 D
Neal, Richard E.
Massachusetts · Apr 8, 2014
Nunes, Devin
· Apr 8, 2014
Reed, Tom
· Apr 8, 2014
 D
Sánchez, Linda T.
California · Apr 8, 2014
Schock, Aaron
· Apr 8, 2014
 D
Thompson, Mike
California · Apr 8, 2014
 R
Young, Todd
Indiana · Apr 8, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4429: Permanent Active Financing Exception Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-HR-4429/
MLA
"H.R. 4429: Permanent Active Financing Exception Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-4429/.
Bluebook (legal)
H.R. 4429, 113th Cong. (2026), https://openamerica.io/bill/113-HR-4429/.
Markdown link
[H.R. 4429: Permanent Active Financing Exception Act of 2014](https://openamerica.io/bill/113-HR-4429/)
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