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S. 198 114th Congress Senate

Stop Corporate Inversions Act of 2015

Official title: A bill to amend the Internal Revenue Code of 1986 to modify the rules relating to inverted corporations.

Introduced: January 20, 2015 Introduced by: Richard J. Durbin Democratic · Illinois See on congress.gov
Taxation Administrative law and regulatory proceduresCorporate finance and managementDepartment of the TreasuryForeign and international corporations
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Income tax ratesTaxation of foreign income
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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
Jan 20, 2015
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S286)
Jan 20, 2015
Introduced in Senate
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 Latest action January 20, 2015

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S286)

 Plain-English summary Congressional Research Service

Stop Corporate Inversions Act of 2015

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 a foreign corporation that acquires the properties of a U.S. corporation or partnership after May 8, 2014, 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.

 

 Related & companion bills 7
  • HR 415 Identical bill Stop Corporate Inversions Act of 2015
  • HR 297 Stop Tax Haven Abuse Act
  • S 174 Stop Tax Haven Abuse Act
  • S 2539 Child CARE Act
  • S 2398 Clean Energy Worker Just Transition Act
  • HR 3064 GROW AMERICA Act
  • HR 5125 Corporate EXIT Fairness Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 10
All 10 Democratic 9 Independent 1
D
Markey, Edward J.
Massachusetts · Sep 6, 2016
 D
Peters, Gary C.
Michigan · Apr 5, 2016
 D
Schatz, Brian
Hawaii · Apr 20, 2015
 D
Baldwin, Tammy
Wisconsin · Feb 2, 2015
 D
Merkley, Jeff
Oregon · Jan 29, 2015
 I
Sanders, Bernard
Vermont · Jan 22, 2015
 D
Hirono, Mazie K.
Hawaii · Jan 20, 2015
 D
Reed, Jack
Rhode Island · Jan 20, 2015
 D
Warren, Elizabeth
Massachusetts · Jan 20, 2015
 D
Whitehouse, Sheldon
Rhode Island · Jan 20, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 198: Stop Corporate Inversions Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-S-198/
MLA
"S. 198: Stop Corporate Inversions Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-198/.
Bluebook (legal)
S. 198, 114th Cong. (2026), https://openamerica.io/bill/114-S-198/.
Markdown link
[S. 198: Stop Corporate Inversions Act of 2015](https://openamerica.io/bill/114-S-198/)
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