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- S.397
S.397: Foreign Earnings Reinvestment Act
About This Bill
- Introduced Feb. 5, 2015
- Latest Major Action Feb. 5, 2015
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Foreign Earnings Reinvestment Act Amends the Internal Revenue Code to: (1) extend the election allowed to a domestic corporation to deduct current and accumulated dividends received from a controlled foreign corporation to the corporation's last taxable year beginning before the enactment of this Act or the first taxable year which begins during the one-year period beginning on such enactment date, (2) reduce tax rates on foreign earnings of...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Feb. 5, 2015 |
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S836)
|
| Feb. 5, 2015 |
Introduced in the Senate by John McCain (R-Ariz.) |