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American Assistance for American Companies Act
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
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vs 5,086 other S bills in the 116th — cohort avg 30d
American Assistance for American Companies Act This bill disallows certain tax benefits for inverted domestic corporations. An inverted domestic corporation is a U.S. corporation that acquires foreign entities to reincorporate in a foreign jurisdiction with income tax rates lower than U.S. rates). Specifically, an inverted domestic corporation may not claim net operating loss carrybacks, increased deductibility of business interest, nor participate in Federal Reserve Lending Facilities. The bill allows an inverted domestic corporation to elect to be treated as a domestic corporation for U.S. tax purposes.
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 (2)
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
Read twice and referred to the Committee on Finance. (text: CR S3209-3210)
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $30,000 · Firm income: Not reported
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
HR 5377- Restoring Tax Fairness Act HR 4857, S 309- For the 99.8% Act Repeal certain tax breaks in TCJA Oppose payroll tax cut or capital gains tax cut S 3640, HR 6579- Repeal corporate tax provisions in CARES Act HR 1711, S 780- No Tax Breaks for Outsourcing Act HR 1735, S 781- Carried Interest Fairness Act HR 1516, S 647- Wall Street Tax Act HR 2923, S 1587- Inclusive Prosperity Act S 2809, HR 5043- Millionaires Surtax Act Social Security Payroll Taxes Fairness in Taxation Act Progressive Tax proposals, including Mark to Market, surtax, higher individual rates S 1609- Disclosure of Tax Havens and Offshoring Act Corporate taxes, including rates, loopholes, revenue Raise limit on individuals itemized deductions for certain state and local taxes S 1138, HR 3157- Expand earned income tax credit and child tax credit HR 2103, S 1026- The Tax Fairness for Workers Act S 4067- American Assistance for American Companies Act HR 6579- CARES Windfall for the Wealthiest Repeal Act Refundable Business Tax Credits
Client expense: $660,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
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