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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Stop Tax Haven Abuse Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To end offshore corporate tax avoidance, and for other purposes.


Actions Overview (1)

Date
04/05/2017Introduced in House

All Actions (4)

Date
04/05/2017Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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.
Action By: House of Representatives
04/05/2017Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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.
Action By: House of Representatives
04/05/2017Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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.
Action By: House of Representatives
04/05/2017Introduced in House
Action By: House of Representatives

Cosponsors (60)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Blumenauer, Earl [D-OR-3]* 04/05/2017
Rep. Bonamici, Suzanne [D-OR-1]* 04/05/2017
Rep. Capuano, Michael E. [D-MA-7]* 04/05/2017
Rep. Cartwright, Matt [D-PA-17]* 04/05/2017
Rep. Chu, Judy [D-CA-27]* 04/05/2017
Rep. Cicilline, David N. [D-RI-1]* 04/05/2017
Rep. Cohen, Steve [D-TN-9]* 04/05/2017
Rep. Conyers, John, Jr. [D-MI-13]* 04/05/2017
Rep. Cummings, Elijah E. [D-MD-7]* 04/05/2017
Rep. DeFazio, Peter A. [D-OR-4]* 04/05/2017
Rep. DeLauro, Rosa L. [D-CT-3]* 04/05/2017
Rep. Deutch, Theodore E. [D-FL-22]* 04/05/2017
Rep. Ellison, Keith [D-MN-5]* 04/05/2017
Rep. Foster, Bill [D-IL-11]* 04/05/2017
Rep. Grijalva, Raul M. [D-AZ-3]* 04/05/2017
Rep. Gutierrez, Luis V. [D-IL-4]* 04/05/2017
Rep. Hastings, Alcee L. [D-FL-20]* 04/05/2017
Rep. Johnson, Eddie Bernice [D-TX-30]* 04/05/2017
Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4]* 04/05/2017
Rep. Kaptur, Marcy [D-OH-9]* 04/05/2017
Rep. Kelly, Robin L. [D-IL-2]* 04/05/2017
Rep. Langevin, James R. [D-RI-2]* 04/05/2017
Rep. Larson, John B. [D-CT-1]* 04/05/2017
Rep. Lee, Barbara [D-CA-13]* 04/05/2017
Rep. Lewis, John [D-GA-5]* 04/05/2017
Rep. Lieu, Ted [D-CA-33]* 04/05/2017
Rep. Loebsack, David [D-IA-2]* 04/05/2017
Rep. Lynch, Stephen F. [D-MA-8]* 04/05/2017
Rep. McCollum, Betty [D-MN-4]* 04/05/2017
Rep. Moore, Gwen [D-WI-4]* 04/05/2017
Rep. Napolitano, Grace F. [D-CA-32]* 04/05/2017
Rep. Norton, Eleanor Holmes [D-DC-At Large]* 04/05/2017
Rep. Pallone, Frank, Jr. [D-NJ-6]* 04/05/2017
Rep. Pocan, Mark [D-WI-2]* 04/05/2017
Rep. Raskin, Jamie [D-MD-8]* 04/05/2017
Rep. Roybal-Allard, Lucille [D-CA-40]* 04/05/2017
Rep. Ruiz, Raul [D-CA-36]* 04/05/2017
Rep. Ryan, Tim [D-OH-13]* 04/05/2017
Rep. Sarbanes, John P. [D-MD-3]* 04/05/2017
Rep. Schakowsky, Janice D. [D-IL-9]* 04/05/2017
Rep. Slaughter, Louise McIntosh [D-NY-25]* 04/05/2017
Rep. Takano, Mark [D-CA-41]* 04/05/2017
Rep. Tonko, Paul [D-NY-20]* 04/05/2017
Rep. Tsongas, Niki [D-MA-3]* 04/05/2017
Rep. Velazquez, Nydia M. [D-NY-7]* 04/05/2017
Rep. Watson Coleman, Bonnie [D-NJ-12]* 04/05/2017
Rep. Welch, Peter [D-VT-At Large]* 04/05/2017
Rep. Higgins, Brian [D-NY-26]* 04/05/2017
Rep. Yarmuth, John A. [D-KY-3]* 04/05/2017
Rep. Nadler, Jerrold [D-NY-10]* 04/05/2017
Rep. Pingree, Chellie [D-ME-1]* 04/05/2017
Rep. Huffman, Jared [D-CA-2]* 04/05/2017
Rep. Scott, Robert C. "Bobby" [D-VA-3]* 04/05/2017
Rep. Pascrell, Bill, Jr. [D-NJ-9]* 04/05/2017
Rep. McGovern, James P. [D-MA-2]* 04/05/2017
Rep. Lipinski, Daniel [D-IL-3]* 04/05/2017
Rep. Davis, Danny K. [D-IL-7] 07/28/2017
Rep. Visclosky, Peter J. [D-IN-1] 07/28/2017
Rep. Shea-Porter, Carol [D-NH-1] 09/08/2017
Rep. Jayapal, Pramila [D-WA-7] 11/28/2017

Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means04/05/2017 Referred to
House Financial Services04/05/2017 Referred to

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.


Latest Summary (1)

There is one summary for H.R.1932. View summaries

Shown Here:
Introduced in House (04/05/2017)

Stop Tax Haven Abuse Act

This bill authorizes the Department of the Treasury to impose restrictions on foreign jurisdictions or financial institutions to counter money laundering and efforts to significantly impede U.S. tax enforcement.

The bill amends the Internal Revenue Code to:

  • expand reporting requirements for certain foreign investments and accounts held by U.S. persons,
  • establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under the Foreign Account Tax Compliance Act,
  • treat certain foreign corporations managed and controlled primarily in the United States as domestic corporations for tax purposes,
  • treat swap payments sent offshore as taxable U.S. source income,
  • impose additional requirements for third party summonses used to obtain information in tax investigations that do not identify the person with respect to whose liability the summons is issued (i.e., John Doe summons), and
  • modify the rules for the taxation of inverted corporations (U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States).

The bill amends the Securities Exchange Act of 1934 to: (1) require corporations to disclose certain financial information on a country-by-country basis, and (2) impose penalties for failing to disclose offshore holdings.

The bill makes investment advisers and persons engaged in forming new business entities subject to anti-money laundering requirements.

The bill imposes new restrictions on U.S. corporations and other entities with foreign income with respect to: (1) tax deductions allocable to deferred foreign income, (2) the recalculation of foreign income taxes, (3) intangible property transferred overseas, (4) tax evasion activities by U.S. corporations reincorporating in a foreign country, and (5) the interest expense tax deduction of certain subsidiaries of foreign corporations.