H.R.6126 - Corporate Transparency and Accountability Act114th Congress (2015-2016)
|Sponsor:||Rep. Pocan, Mark [D-WI-2] (Introduced 09/22/2016)|
|Committees:||House - Financial Services|
|Latest Action:||House - 09/22/2016 Referred to the House Committee on Financial Services. (All Actions)|
This bill has the status Introduced
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Summary: H.R.6126 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (09/22/2016)
Corporate Transparency and Accountability Act
This bill amends the Securities Exchange Act of 1934 to require each issuer of a security required to file an annual or quarterly report to disclose during the period covered in that report:
- the issuer's total pre-tax profit,
- the total amount paid by the issuer in state taxes,
- the total amount paid by the issuer in federal taxes, and
- the total amount paid by the issuer in foreign taxes.
Each such issuer shall also disclose in that report specified corporate financial information, aggregated on a country-by-country basis, for each of its subsidiaries.