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Stop Corporate Inversions Act of 2019
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
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vs 5,086 other S bills in the 116th — cohort avg 30d
Stop Corporate Inversions Act of 201 9 This bill amends the Internal Revenue Code to revise rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States). The bill provides that a foreign corporation that acquires the properties of a U.S. corporation or partnership after May 8, 2014, shall be treated as an inverted corporation and thus subject to U.S. taxation if, after such acquisition (1) it holds more than 50% of the stock of the new entity (expanded affiliated group), or (2) the management or control of the new entity occurs primarily within the United States and the new entity has significant domestic business activities.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (1)
2020 · fourth_quarter · Taxation/Internal Revenue Code
Draft legislation related to combating offshore tax haven abuse and advancing tax transparency; H.R. 1711/S. 780, No Tax Breaks for Outsourcing Act; H.R. 1712/S. 779, Stop Tax Haven Abuse Act; S. 1610, Removing Incentives for Outsourcing Act; H.R. 4362, Overseas Americans Financial Access Act; H.R. 5933/S. 1609, Disclosure of Tax Havens and Offshoring Act; S. 2140, Stop Corporate Inversions Act of 2019; H.R. 7309/S. 4067, American Assistance for American Companies Act
Client expense: $30,000 · Firm income: Not reported
Read twice and referred to the Committee on Finance. (text: CR S4911-4912)
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2020 · third_quarter · Taxation/Internal Revenue Code
Draft legislation related to combating offshore tax haven abuse and advancing tax transparency; H.R. 1711/S. 780, No Tax Breaks for Outsourcing Act; H.R. 1712/S. 779, Stop Tax Haven Abuse Act; S. 1610, Removing Incentives for Outsourcing Act; H.R. 5933/S. 1609, Disclosure of Tax Havens and Offshoring Act; S. 2140, Stop Corporate Inversions Act of 2019; H.R. 4362, Overseas Americans Financial Access Act; H.R. 7309/S. 4067, American Assistance for American Companies Act
Client expense: $30,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), SENATE, Treasury, Dept of
2020 · second_quarter · Taxation/Internal Revenue Code
Draft legislation related to combating offshore tax haven abuse and advancing tax transparency; H.R. 1711/S. 780, No Tax Breaks for Outsourcing Act; H.R. 1712/S. 779, Stop Tax Haven Abuse Act; S. 1610, Removing Incentives for Outsourcing Act; H.R. 5933/S. 1609, Disclosure of Tax Havens and Offshoring Act; S. 2140, Stop Corporate Inversions Act of 2019; H.R. 4362, Overseas Americans Financial Access Act; H.R. 6800, HEROES Act of 2020 H.R. 7309 / S. 4067, to prohibit certain assistance for inverted domestic corporations.
Client expense: $10,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2020 · first_quarter · Taxation/Internal Revenue Code
Draft legislation related to combating offshore tax haven abuse and advancing tax transparency; H.R. 1711/S. 780, No Tax Breaks for Outsourcing Act; H.R. 1712/S. 779, Stop Tax Haven Abuse Act; S. 1610, Removing Incentives for Outsourcing Act; H.R. 5933/S. 1609, Disclosure of Tax Havens and Offshoring Act; S. 2140, Stop Corporate Inversions Act of 2019; H.R. ____, To require issuers required to file an annual or quarterly report under the Securities Exchange Act of 1934 to disclose the total amount of corporate tax such issuer paid in the period covered by the report, and for other purposes [DRAFT]; H.R. 4362, Overseas Americans Financial Access Act; H.R. 6321, Financial Protections and Assistance for Americas Consumers, States, Businesses, and Vulnerable Populations Act; H.R. 6379, Take Responsibility for Workers and Families Act; H.R. 748/S. 3548, CARES Act
Client expense: $10,000 · Firm income: Not reported
Government targets: Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2019 · fourth_quarter · Taxation/Internal Revenue Code
Draft legislation related to offshore tax haven abuse and tax transparency; S. 780/H.R. 1711, No Tax Breaks for Outsourcing Act; S. 779/H.R. 1712, Stop Tax Haven Abuse Act; S. 1610, Removing Incentives for Outsourcing Act; S. 1609, Disclosure of Tax Havens and Offshoring Act; S. 2140, Stop Corporate Inversions Act of 2019; H.R.____, To require issuers required to file an annual or quarterly report under the Securities Exchange Act of 1934 to disclose the total amount of corporate tax such issuer paid in the period covered by the report, and for other purposes [DRAFT]; H.R.4362, Overseas Americans Financial Access Act
Client expense: $30,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2019 · third_quarter · Taxation/Internal Revenue Code
Draft legislation related to offshore tax haven abuse and tax transparency; S. 780/H.R. 1711, No Tax Breaks for Outsourcing Act; S. 779/H.R. 1712, Stop Tax Haven Abuse Act; S. 1610, Removing Incentives for Outsourcing Act; S. 1609, Disclosure of Tax Havens and Offshoring Act; S. 2140, Stop Corporate Inversions Act of 2019; H.R.____, To require issuers required to file an annual or quarterly report under the Securities Exchange Act of 1934 to disclose the total amount of corporate tax such issuer paid in the period covered by the report, and for other purposes [DRAFT]
Client expense: $20,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC)
| Democratic |
| RI |
| Jeff Merkley | Democratic | OR |
| Mazie K. Hirono | Democratic | HI |
| Patrick J. Leahy | Democratic | VT |
| Richard Blumenthal | Democratic | CT |
| Sheldon Whitehouse | Democratic | RI |
| Sherrod Brown | Democratic | OH |
| Tammy Baldwin | Democratic | WI |
| Tammy Duckworth | Democratic | IL |
| HR 1712 |
116th |
| Related bill |
| HR 1711 | 116th | Related bill |