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- H.R.1629
H.R.1629: Come Home, Corporate America, Act of 1995
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced May 12, 1995
- Latest Major Action May 26, 1995
Bill Sponsor
Bill Cosponsors
5 (All Democrats)
Bill Summary
Come Home, Corporate America, Act of 1995 - Amends the Internal Revenue Code to terminate the foreign tax credit. Allows the deduction of foreign taxes for which the credit is made unallowable by this Act. (Sec. 3) Directs the Secretary of the Treasury to prescribe regulations regarding allocation of income and deductions which use a formulaic approach to clearly reflect income of multinational corporations. (Sec. 4) Treats the gain or loss of...
(Source: Library of Congress)
Bill Actions
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Sponsor introductory remarks on measure.
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Referred to the Committee on Ways and Means, and in addition to the Committees on Banking and Financial Services, and International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Referred to House Banking and Financial Services
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Referred to House International Relations
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Referred to House Ways and Means
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Referred to the Subcommittee on Domestic and International Monetary Policy.
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Referred to the Subcommittee on International Economic Policy and Trade.
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| May 12, 1995 |
Introduced in the House by Bernard Sanders (ID-Vt.) |