Politiparty
Politiparty

118th Congress Taxation

H.R. 5751: To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying constructive ownership rules.

Introduced

  1. Introduced (completed)Sep 27, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Sep 27, 2023

This bill restores the limitation on downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

6

Bipartisan support.

Who scored on this bill

6 points earned
  1. 1A. Ferguson R-GA SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by A. Ferguson

History

  1. Sep 27, 2023Introduced in the House by A. Ferguson.
Show the full action history (2 actions)
  1. Sep 27, 2023Introduced in House
  2. Sep 27, 2023Referred to the House Committee on Ways and Means.