US SB1609 | 2019-2020 | 116th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 7-1)
Status: Introduced on May 22 2019 - 25% progression, died in committee
Action: 2019-05-22 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 22 2019 - 25% progression, died in committee
Action: 2019-05-22 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires certain issuers of securities to annually disclose information related to the tax jurisdiction, income, and assets of their constituent entities on a country-by-country basis.
Title
Disclosure of Tax Havens and Offshoring Act
Sponsors
Sen. Chris Van Hollen [D-MD] | Sen. Amy Klobuchar [D-MN] | Sen. Tammy Duckworth [D-IL] | Sen. Sheldon Whitehouse [D-RI] |
Sen. Tina Smith [D-MN] | Sen. Bernard Sanders [I-VT] | Sen. Richard Durbin [D-IL] | Sen. Richard Blumenthal [D-CT] |
History
Date | Chamber | Action |
---|---|---|
2019-05-22 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB5933 (Same As) 2020-02-21 - Referred to the House Committee on Financial Services.
Subjects
Administrative law and regulatory procedures
Finance and financial sector
Foreign and international corporations
Securities
Securities and Exchange Commission (SEC)
Tax administration and collection, taxpayers
Taxation of foreign income
Finance and financial sector
Foreign and international corporations
Securities
Securities and Exchange Commission (SEC)
Tax administration and collection, taxpayers
Taxation of foreign income
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1609/all-info |
Text | https://www.congress.gov/116/bills/s1609/BILLS-116s1609is.pdf |