H.R.1783: International Tax Simplification for American Competitiveness Act

About This Bill

Bill Summary

TABLE OF CONTENTS: Title I: Treatment of Passive Foreign Investment Companies Title II: Treatment of Controlled Foreign Corporations Title III: Other Provisions International Tax Simplification for American Competitiveness Act - Title I: Treatment of Passive Foreign Investment Companies - Amends the Internal Revenue Code to exempt U.S. shareholders of a controlled foreign corporation (CFC) from passive foreign investment company (PFIC)...

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure.
June 4, 1997

Introduced in the House by Amory Houghton (R-N.Y.)

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