3.0.0 3935 2023-01-11T13:29:26Z 2023-01-11T13:29:26Z House HR 2015-11-05 114 [Congressional Record Volume 161, Number 165 (Thursday, November 5, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. POCAN:H.R. 3935.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3The Congress shall have Power . . . To regulate Commercewith foreign Nations, and among the several States, and withthe Indian Tribes.[Page H8152]]]> hswm00 Ways and Means Committee House Standing hswm02 Health Subcommittee Referred to 2015-11-05T20:18:50Z Referred to 2015-11-05T14:08:35Z Corporate Tax Dodging Prevention Act 114 1790 HR 2015-04-14 Referred to the House Committee on Ways and Means. Related bill CRS Corporate Tax Dodging Prevention Act 114 922 S 2015-04-14 Read twice and referred to the Committee on Finance. Related bill CRS Water Affordability, Transparency, Equity, and Reliability Act of 2016 114 5313 HR 2016-05-25 Referred to the Subcommittee on Water Resources and Environment. Related bill CRS 2015-11-05 hswm02 Health Subcommittee 1 House committee actions Referred to the Subcommittee on Health. Committee 2015-11-05 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2015-11-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-11-05 Introduced in House IntroReferral 1000 9 Library of Congress P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 N N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2015-11-05 True G000559 Rep. Garamendi, John [D-CA-3] John Garamendi D CA 3 2015-11-05 True L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2015-11-05 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2015-11-05 True N000002 Rep. Nadler, Jerrold [D-NY-10] JERROLD NADLER D NY 10 2015-11-05 True Taxation Foreign and international corporations Taxation of foreign income Taxation 00 2015-11-05 Introduced in House 2015-12-18T22:10:33Z Putting America First Corporate Tax Act

This bill amends the Internal Revenue Code to modify the definition of subpart F income (i.e., income of a controlled foreign corporation earned outside the United States that is not tax-deferred) to include income of a controlled foreign corporation derived from any foreign country. This modification is applicable to taxable years beginning after December 31, 2015.

]]> Putting America First Corporate Tax Act Display Title Putting America First Corporate Tax Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to terminate the deferral of active income of controlled foreign corporations. Introduced in House IH Short Titles as Introduced Putting America First Corporate Tax Act Introduced in House 2015-11-05T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr3935ih/xml/BILLS-114hr3935ih.xml 2015-11-05 Referred to the Subcommittee on Health. 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.