3.0.0 1257 2023-01-11T13:24:38Z 2023-01-11T13:24:38Z Senate S S 2013-06-27 113 ssfi00 Finance Committee Senate Standing Referred to 2013-06-27T20:38:41Z Protect American Investments Act of 2013 113 2546 HR 2013-06-27 Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Identical bill CRS 2013-06-27 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2013-06-27 Introduced in Senate IntroReferral 10000 9 Library of Congress R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS N Taxation Europe Foreign aid and international relief France International law and treaties Sales and excise taxes Securities Tax administration and collection, taxpayers Taxation of foreign income U.S. and foreign investments Taxation 00 2013-06-27 Introduced in Senate 2013-07-09T22:03:27Z Protect American Investments Act of 2013 - Prohibits a U.S.-based company, entity, or person from paying a financial transaction tax imposed by a foreign country on any covered financial transaction. Defines "covered financial transaction" as a financial transaction occurring on a U.S. exchange or over-the-counter within the United States, notwithstanding the nationality of the issuer of such security or the residence of any party to the transaction.

Requires the Secretary of the Treasury to: (1) promulgate regulations or other guidance to carry out this Act; (2) not assist any foreign government in collecting any excise tax, related penalty, or related judgment on any covered financial transaction; and (3) apply provisions of the Convention Between the United States of America and the Government of the French Republic for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion With Respect to Taxes on Income and Capital to exempt covered financial transactions.

]]> Protect American Investments Act of 2013 Display Title Protect American Investments Act of 2013 Official Title as Introduced A bill to protect financial transactions in the United States from enforcement of certain excise taxes imposed by any foreign government, and for other purposes. Introduced in Senate IS Short Titles as Introduced Protect American Investments Act of 2013 Introduced in Senate 2013-06-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s1257is/xml/BILLS-113s1257is.xml 2013-06-27 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.