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 for other purposes.
Introduced: September 26, 2019
See on congress.gov
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
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1