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HR 2031 117th Congress House Taxation Intellectual property Taxation of foreign income

To amend the Internal Revenue Code of 1986 to encourage the transfer of intangible property from controlled foreign corporations to United States shareholders.

Introduced: March 18, 2021 Introduced by: LaHood, Darin Republican · Illinois See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Mar 18, 2021
Referred to the House Committee on Ways and Means.
Mar 18, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

This bill excludes from gross income, for income tax purposes, gains from distributions of intangible property by controlled foreign corporations to U.S. domestic corporations. The bill defines intangible property to include patents, copyrights, licenses, formulas, computer software, and similar items with substantial value.

What's happening now March 18, 2021

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 2031: To amend the Internal Revenue Code of 1986 to encourage the transfer of intangible property from controlled foreign corporations to United States shareholders.. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2031/
MLA
"H.R. 2031: To amend the Internal Revenue Code of 1986 to encourage the transfer of intangible property from controlled foreign corporations to United States shareholders.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2031/.
Bluebook (legal)
H.R. 2031, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2031/.
Markdown link
[H.R. 2031: To amend the Internal Revenue Code of 1986 to encourage the transfer of intangible property from controlled foreign corporations to United States shareholders.](https://openamerica.io/bill/117-HR-2031/)
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