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HR 5145 115th Congress House

Close Tax Loopholes That Outsource American Jobs Act

Official title: To amend the Internal Revenue Code of 1986 to eliminate tax preferences for foreign profits by repealing the reduced rate of tax on foreign-derived intangible … Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to eliminate tax preferences for foreign profits by repealing the reduced rate of tax on foreign-derived intangible income and global intangible low-taxed income.

Introduced: June 27, 2018 Introduced by: DeLauro, Rosa L. Democratic · Connecticut See on congress.gov
Taxation Corporate finance and managementForeign and international corporationsIncome tax deductionsTaxation of foreign incomeU.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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 1, 2018
Referred to the House Committee on Ways and Means.
Mar 1, 2018
Sponsor introductory remarks on measure. (CR H1732-1733)
Mar 1, 2018
Introduced in House
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 Latest action March 1, 2018

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Close Tax Loopholes That Outsource American Jobs Act

This bill amends the Internal Revenue Code to repeal the tax deduction for a portion of a domestic corporation's foreign-derived intangible income and global intangible low-taxed income.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 12
All 12 Democratic 10
GUTIERREZ, LUIS
· Jul 27, 2018
 D
Norcross, Donald
New Jersey · Jul 24, 2018
 D
Pocan, Mark
Wisconsin · Jul 23, 2018
 D
Espaillat, Adriano
New York · Jul 18, 2018
 D
Lynch, Stephen F.
Massachusetts · Jul 10, 2018
 D
Waters, Maxine
California · Jul 10, 2018
 D
Raskin, Jamie
Maryland · Jun 27, 2018
 D
Schakowsky, Janice D.
Illinois · Jun 27, 2018
 D
Pallone, Frank
New Jersey · Jun 26, 2018
VISCLOSKY, PETER
· Jun 26, 2018
 D
Nadler, Jerrold
New York · Jun 25, 2018
 D
Tonko, Paul
New York · Jun 25, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5145: Close Tax Loopholes That Outsource American Jobs Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-5145/
MLA
"H.R. 5145: Close Tax Loopholes That Outsource American Jobs Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-5145/.
Bluebook (legal)
H.R. 5145, 115th Cong. (2026), https://openamerica.io/bill/115-HR-5145/.
Markdown link
[H.R. 5145: Close Tax Loopholes That Outsource American Jobs Act](https://openamerica.io/bill/115-HR-5145/)
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