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HR 3603 115th Congress House

Stop Corporate Earnings Stripping Act of 2017

Official title: To amend the Internal Revenue Code of 1986 to prevent earnings stripping of corporations which are related to inverted corporations.

Introduced: July 28, 2017 See on congress.gov
Taxation Corporate finance and managementForeign and international corporationsIncome tax deductionsInterest, dividends, interest rates
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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
Jul 28, 2017
Referred to the House Committee on Ways and Means.
Jul 28, 2017
Introduced in House
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 Latest action July 28, 2017

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Stop Corporate Earnings Stripping Act of 2017

This bill amends the Internal Revenue Code to limit the tax deduction available to certain foreign-controlled U.S. multinational corporations for excess interest on debt incurred by such corporations (i.e., earnings stripping) by: (1) repealing the debt-to-equity ratio threshold required for such deduction, (2) reducing the permitted net interest expense threshold from 50% to 25% of the corporation's adjusted taxable income, (3) repealing the excess limitation carryforward, and (4) limiting to five years the carryforward of disallowed interest expenses with respect to amounts paid or incurred before, on, or after the date of enactment of this bill.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Thompson, Mike
California · Jul 28, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3603: Stop Corporate Earnings Stripping Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-3603/
MLA
"H.R. 3603: Stop Corporate Earnings Stripping Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-3603/.
Bluebook (legal)
H.R. 3603, 115th Cong. (2026), https://openamerica.io/bill/115-HR-3603/.
Markdown link
[H.R. 3603: Stop Corporate Earnings Stripping Act of 2017](https://openamerica.io/bill/115-HR-3603/)
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