Skip to main content
S 162 114th Congress Senate

Offshoring Prevention Act

Official title: A bill to amend the Internal Revenue Code of 1986 to provide for the taxation of income of controlled foreign corporations attributable to imported property.

Introduced: January 13, 2015 Introduced by: Whitehouse, Sheldon Democratic · Rhode Island See on congress.gov
Taxation Foreign and international corporationsIncome tax creditsTaxation of foreign income
Sign in to write a letter Sign in to watch
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
Jan 13, 2015
Read twice and referred to the Committee on Finance.
Jan 13, 2015
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action January 13, 2015

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Offshoring Prevention Act

Amends the Internal Revenue Code to include in foreign base company income, for purposes of determining the foreign trade income of controlled foreign corporations, imported property income. Defines "imported property income" as, with certain exceptions, income attributable to property manufactured outside of the United States and imported for sale into the United States. Provides for a separate application of limitations on the foreign tax credit for imported property income.

 Related & companion bills 1
  • HR 305 Related bill Offshoring Prevention Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 162: Offshoring Prevention Act. 114th Congress. Open America. https://openamerica.io/bill/114-S-162/
MLA
"S. 162: Offshoring Prevention Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-162/.
Bluebook (legal)
S. 162, 114th Cong. (2026), https://openamerica.io/bill/114-S-162/.
Markdown link
[S. 162: Offshoring Prevention Act](https://openamerica.io/bill/114-S-162/)
Report a problem