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S 2360 113th Congress Senate Taxation Administrative law and regulatory procedures Corporate finance and management Department of the Treasury Foreign and international corporations Income tax rates Taxation of foreign income

Stop Corporate Inversions Act of 2014

Introduced: May 20, 2014 See on congress.gov
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 20, 2014
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3188-31889)
May 20, 2014
Sponsor introductory remarks on measure. (CR S3188-3189)
May 20, 2014
Introduced in Senate
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 Plain-English summary Congressional Research Service

Stop Corporate Inversions Act of 2014 - Amends the Internal Revenue Code to revise rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States) to provide that during the period beginning after May 8, 2014, and before May 9, 2016, a foreign corporation that acquires the properties of a U.S. corporation or partnership shall be treated as an inverted corporation and thus subject to U.S. taxation if, after such acquisition: (1) it holds more than 50% of the stock of the new entity (expanded affiliated group), or (2) the management or control of the new entity occurs primarily within the United States and the new entity has significant domestic business activities.

What's happening now May 20, 2014

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3188-31889)

 Related & companion bills 4
  • HR 4679 Related bill Stop Corporate Inversions Act of 2014
  • HR 4985 Related bill Stop Corporate Expatriation and Invest in America's Infrastructure Act of 2014
  • HR 5338 Related bill Federal Employee Pension Fairness Act
  • S 2489 Related bill American Jobs for American Infrastructure Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 11
All 11 Democratic 10 Independent 1
D
Baldwin, Tammy
Wisconsin · Jul 21, 2014
 D
Merkley, Jeff
Oregon · Jun 11, 2014
 D
Durbin, Richard J.
Illinois · May 20, 2014
 D
Hirono, Mazie K.
Hawaii · May 20, 2014
 D
Kaine, Tim
Virginia · May 20, 2014
 I
King, Angus S., Jr.
Maine · May 20, 2014
 D
Klobuchar, Amy
Minnesota · May 20, 2014
 D
Reed, Jack
Rhode Island · May 20, 2014
 D
Schatz, Brian
Hawaii · May 20, 2014
 D
Warren, Elizabeth
Massachusetts · May 20, 2014
 D
Whitehouse, Sheldon
Rhode Island · May 20, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2360: Stop Corporate Inversions Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-S-2360/
MLA
"S. 2360: Stop Corporate Inversions Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-2360/.
Bluebook (legal)
S. 2360, 113th Cong. (2026), https://openamerica.io/bill/113-S-2360/.
Markdown link
[S. 2360: Stop Corporate Inversions Act of 2014](https://openamerica.io/bill/113-S-2360/)
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