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S 869 115th Congress Senate

A bill to repeal the violation of sovereign nations' laws and privacy matters.

Introduced: April 25, 2017 Introduced by: Paul, Rand Republican · Kentucky 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
Read twice and referred to the Committee on Finance.
Apr 6, 2017
Introduced in Senate
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 Latest action April 6, 2017

Read twice and referred to the Committee on Finance.

 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
  • HR 2054 Identical 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
Toomey, Patrick
· Apr 25, 2017
 R
Wicker, Roger F.
Mississippi · Apr 6, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 869: A bill to repeal the violation of sovereign nations' laws and privacy matters.. 115th Congress. Open America. https://openamerica.io/bill/115-S-869/
MLA
"S. 869: A bill to repeal the violation of sovereign nations' laws and privacy matters.." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-869/.
Bluebook (legal)
S. 869, 115th Cong. (2026), https://openamerica.io/bill/115-S-869/.
Markdown link
[S. 869: A bill to repeal the violation of sovereign nations' laws and privacy matters.](https://openamerica.io/bill/115-S-869/)
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