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HR 2054 115th Congress House

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

Introduced: June 26, 2017 See on congress.gov
Taxation Bank accounts, deposits, capitalCivil actions and liabilityForeign and international bankingForeign property
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Tax administration and collection, taxpayersU.S. and foreign investments
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Apr 6, 2017
Referred to the House Committee on Ways and Means.
Apr 6, 2017
Introduced in House
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 Latest action April 6, 2017

Referred to the House Committee on Ways and Means.

 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.

 Related & companion bills 1
  • S 869 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
R
Schweikert, David
Arizona · Jun 26, 2017
Sanford, Mark
· Apr 26, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2054: To repeal the violation of sovereign nations' laws and privacy matters.. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2054/
MLA
"H.R. 2054: To repeal the violation of sovereign nations' laws and privacy matters.." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2054/.
Bluebook (legal)
H.R. 2054, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2054/.
Markdown link
[H.R. 2054: To repeal the violation of sovereign nations' laws and privacy matters.](https://openamerica.io/bill/115-HR-2054/)
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