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S. 2140 116th Congress Senate

Stop Corporate Inversions Act of 2019

Official title: A bill to amend the Internal Revenue Code of 1986 to modify the rules relating to inverted corporations.

Introduced: July 17, 2019 Introduced by: Richard J. Durbin Democratic · Illinois See on congress.gov
Taxation Administrative law and regulatory proceduresCorporate finance and managementDepartment of the TreasuryForeign and international corporations
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Income tax ratesTaxation of foreign income
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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
Jul 17, 2019
Read twice and referred to the Committee on Finance. (text: CR S4911-4912)
Jul 17, 2019
Introduced in Senate
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 Latest action July 17, 2019

Read twice and referred to the Committee on Finance. (text: CR S4911-4912)

 Plain-English summary Congressional Research Service

Stop Corporate Inversions Act of 2019

This bill amends the Internal Revenue Code to revise rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States). The bill provides that a foreign corporation that acquires the properties of a U.S. corporation or partnership after May 8, 2014, shall be treated as an inverted corporation and thus subject to U.S. taxation if, after such acquisition (1) it holds more than 50% of the stock of the new entity (expanded affiliated group), or (2) the management or control of the new entity occurs primarily within the United States and the new entity has significant domestic business activities.

 Related & companion bills 5
  • HR 1711 No Tax Breaks for Outsourcing Act
  • S 779 Stop Tax Haven Abuse Act
  • S 2139 American Business for American Companies Act of 2019
  • HR 1712 Stop Tax Haven Abuse Act
  • S 780 No Tax Breaks for Outsourcing Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Democratic 8 Independent 1
D
Hirono, Mazie K.
Hawaii · Jul 18, 2019
 D
Baldwin, Tammy
Wisconsin · Jul 17, 2019
 D
Blumenthal, Richard
Connecticut · Jul 17, 2019
 D
Duckworth, Tammy
Illinois · Jul 17, 2019
 D
Merkley, Jeff
Oregon · Jul 17, 2019
 D
Reed, Jack
Rhode Island · Jul 17, 2019
 I
Sanders, Bernard
Vermont · Jul 17, 2019
 D
Warren, Elizabeth
Massachusetts · Jul 17, 2019
 D
Whitehouse, Sheldon
Rhode Island · Jul 17, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2140: Stop Corporate Inversions Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-2140/
MLA
"S. 2140: Stop Corporate Inversions Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-2140/.
Bluebook (legal)
S. 2140, 116th Cong. (2026), https://openamerica.io/bill/116-S-2140/.
Markdown link
[S. 2140: Stop Corporate Inversions Act of 2019](https://openamerica.io/bill/116-S-2140/)
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