3.0.0 5109 2025-12-05T08:58:59Z 2025-12-05T08:58:59Z House H HR 2023-08-01 118 https://www.congress.gov/bill/118th-congress/house-bill/5109 <pre>[Congressional Record Volume 169, Number 132 (Tuesday, August 1, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. GALLAGHER:H.R. 5109.Congress has the power to enact this legislation pursuantto the following:The Tax Clause; Article I, Section 8, Clause 1.The Necessary and Proper Clause; Article I, Section 8,Clause 18.The single subject of this legislation is:The bill denies tax exemptions to certain taxpayers whoinvest in PRC companies.[Page H4159]</pre> hsfa00 Foreign Affairs Committee House Standing Referred To 2023-08-01T19:00:15Z hswm00 Ways and Means Committee House Standing Referred To 2023-08-01T19:00:10Z 118 7476 HR 2024-12-17 Referred to the Subcommittee on Trade. Related bill CRS 118 2750 S 2023-09-07 Read twice and referred to the Committee on Finance. Related bill CRS 2023-08-01 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. IntroReferral H11100 2 House floor actions hsfa00 Foreign Affairs Committee 2023-08-01 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-08-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-08-01 Introduced in House IntroReferral 1000 9 Library of Congress G000579 Rep. Gallagher, Mike [R-WI-8] Mike Gallagher R WI 8 N L000585 Rep. LaHood, Darin [R-IL-16] Darin LaHood R IL 16 2023-08-01 True W000804 Rep. Wittman, Robert J. [R-VA-1] Robert Wittman R VA J. 1 2023-08-01 True M001194 Rep. Moolenaar, John R. [R-MI-2] John Moolenaar R MI R. 2 2023-08-01 True Taxation Taxation 2023-09-01T15:30:24Z

00 2023-08-01 Introduced in House 2023-09-18T17:57:53Z <p> <strong>Dump Investments in Troublesome Communist Holdings Act or the DITCH Act </strong></p> <p>This bill denies an organization a tax exemption if it holds any interest in a disqualified Chinese company or fails to timely transmit required annual reports. A <em>disqualified Chinese company</em> is any corporation incorporated in China, or that invests more than 10% of its stock in certain Chinese entities, including entities controlled by the Chinese Communist Party. </p> <p>The Department of the Treasury may grant organizations a waiver of the denial of the tax exemption under specified circumstances. </p> <p>Organizations that hold any interest in a disqualified Chinese company must file annual reports describing each interest held in the company, the period during which such interest was held, and whether the organization has been granted a waiver.</p>

Display Title 45 2024-07-24T15:20:41Z Short Title(s) as Introduced 101 2024-05-24T13:37:08Z Introduced in House IH Short Title(s) as Introduced 101 2024-05-24T13:37:08Z Introduced in House IH Official Title as Introduced 6 2024-03-18T21:16:34Z Introduced in House IH Introduced in House 2023-08-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr5109ih/xml/BILLS-118hr5109ih.xml 2023-08-01 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. 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.