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S 1673 115th Congress Senate

Pay What You Owe Before You Go Act

Official title: A bill to amend the Internal Revenue Code to include in income the unrepatriated earnings of groups that include an inverted corporation.

Introduced: July 31, 2017 See on congress.gov
Taxation Corporate finance and managementForeign and international corporationsTaxation of foreign income
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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 31, 2017
Read twice and referred to the Committee on Finance.
Jul 31, 2017
Introduced in Senate
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 Latest action July 31, 2017

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Pay What You Owe Before You Go Act

This bill amends the Internal Revenue Code to require the recapture in subpart F income (i.e., income of a controlled foreign corporation earned outside the United States which is not tax deferred) of the accumulated deferred foreign income of such corporation (i.e., the undistributed earnings of the controlled foreign corporation over its undistributed U.S. earnings) for its last taxable year.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Durbin, Richard J.
Illinois · Jul 31, 2017
 D
Van Hollen, Chris
Maryland · Jul 31, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1673: Pay What You Owe Before You Go Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-1673/
MLA
"S. 1673: Pay What You Owe Before You Go Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-1673/.
Bluebook (legal)
S. 1673, 115th Cong. (2026), https://openamerica.io/bill/115-S-1673/.
Markdown link
[S. 1673: Pay What You Owe Before You Go Act](https://openamerica.io/bill/115-S-1673/)
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