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HR 5935 114th Congress House Taxation

To repeal the violation of sovereign nations' laws and privacy matters.

Introduced: September 22, 2016 See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
Sep 6, 2016
Referred to the House Committee on Ways and Means.
Sep 6, 2016
Introduced in House
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 Plain-English summary Congressional Research Service

This bill amends the Internal Revenue Code, with respect to tax administration requirements for foreign-source income and assets, to repeal:  (1) withholding requirements for payments to foreign financial institutions and other foreign entities, (2) information reporting for foreign financial assets, (3) penalties for underpayments of tax attributable to undisclosed foreign financial assets, (4) reporting requirements for shareholders of a passive foreign investment company and U.S. owners of foreign trusts, and (5) the additional penalty for failure to file required notices and information returns for certain foreign trusts.

What's happening now September 6, 2016

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 663 Identical bill A bill to repeal the violation of sovereign nations' laws and privacy matters.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 1
Sanford, Mark
· Sep 22, 2016
 R
Schweikert, David
Arizona · Sep 8, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5935: To repeal the violation of sovereign nations' laws and privacy matters.. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5935/
MLA
"H.R. 5935: To repeal the violation of sovereign nations' laws and privacy matters.." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5935/.
Bluebook (legal)
H.R. 5935, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5935/.
Markdown link
[H.R. 5935: To repeal the violation of sovereign nations' laws and privacy matters.](https://openamerica.io/bill/114-HR-5935/)
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