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HR 4509 116th Congress House Taxation Financial services and investments Foreign and international corporations Securities Taxation of foreign income U.S. and foreign investments

To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and…

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To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.

Introduced: September 26, 2019 See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Sep 26, 2019
Referred to the House Committee on Ways and Means.
Sep 26, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

This bill amends the Internal Revenue Code to limit the scope of downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.

What's happening now September 26, 2019

Referred to the House Committee on Ways and Means.

 Related & companion bills 2
  • S 3548 Related bill CARES Act
  • S 2589 Identical bill A bill to amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership …
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 3 Republican 1
Murphy, Stephanie
· Nov 18, 2019
 D
McBath, Lucy
Georgia · Oct 17, 2019
 R
Estes, Ron
Kansas · Sep 26, 2019
Ferguson, A.
· Sep 26, 2019
Holding, George
· Sep 26, 2019
 D
Moore, Gwen
Wisconsin · Sep 26, 2019
 D
Schneider, Bradley Scott
Illinois · Sep 26, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4509: To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.. 116th Congress. Open America. https://openamerica.io/bill/116-HR-4509/
MLA
"H.R. 4509: To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-4509/.
Bluebook (legal)
H.R. 4509, 116th Cong. (2026), https://openamerica.io/bill/116-HR-4509/.
Markdown link
[H.R. 4509: To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.](https://openamerica.io/bill/116-HR-4509/)
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