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HR 961 114th Congress House Taxation Financial services and investments Foreign and international banking Foreign and international corporations Income tax exclusion Insurance industry and regulation Taxation of foreign income

Permanent Active Financing Exception Act of 2015

Introduced: July 15, 2015 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 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 23, 2015
Placed on the Union Calendar, Calendar No. 233.
Oct 23, 2015
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-307.
Sep 17, 2015
Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 11.
Sep 17, 2015
Committee Consideration and Mark-up Session Held.
Feb 12, 2015
Referred to the House Committee on Ways and Means.
Feb 12, 2015
Introduced in House
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 Plain-English summary Congressional Research Service

Permanent Active Financing Exception Act of 2015

(Sec. 2) This bill 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.

What's happening now October 23, 2015

Placed on the Union Calendar, Calendar No. 233.

 Related & companion bills 1
  • S 1946 Related bill Tax Relief Extension Act of 2015
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 8
All 8 Democratic 4 Republican 2
Noem, Kristi
· Jul 28, 2015
 R
Smith, Adrian
Nebraska · Jul 16, 2015
JOHNSON, SAM
· Jul 15, 2015
 D
Sánchez, Linda T.
California · Feb 13, 2015
 D
Larson, John B.
Connecticut · Feb 12, 2015
 D
Neal, Richard E.
Massachusetts · Feb 12, 2015
 D
Thompson, Mike
California · Feb 12, 2015
 R
Young, Todd
Indiana · Feb 12, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 961: Permanent Active Financing Exception Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-961/
MLA
"H.R. 961: Permanent Active Financing Exception Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-961/.
Bluebook (legal)
H.R. 961, 114th Cong. (2026), https://openamerica.io/bill/114-HR-961/.
Markdown link
[H.R. 961: Permanent Active Financing Exception Act of 2015](https://openamerica.io/bill/114-HR-961/)
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