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- S.2119
S.2119: Reversing the Expatriation of Profits Offshore Act
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about congress
- Introduced April 11, 2002
- Latest Major Action June 28, 2002
Bill Sponsor
Bill Cosponsors
11 (9 Democrats, 3 Republicans)
Bill Summary
Reversing the Expatriation of Profits Offshore Act - Sets forth the following conditions which make a "foreign incorporated entity" (an entity which is or would be treated as foreign under this Act were it not reclassified by this Act) an "inverted domestic corporation" (that is to be treated as a domestic corporation) for purposes of taxation: (1) if such an entity acquires substantially all properties held by a domestic corporation or...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Congressional Budget Office Estimate
Bill Actions
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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Committee on Finance. Ordered to be reported with an amendment favorably.
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Committee on Finance. Reported by Senator Baucus with an amendment in the nature of a substitute. With written report No. 107-188.
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Placed on Senate Legislative Calendar under General Orders. Calendar No. 465.
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| April 11, 2002 |
Introduced in the Senate by Charles E. Grassley (R-Iowa) |