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- H.R.3933
H.R.3933: Foreign Account Tax Compliance Act of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced Oct. 27, 2009
- Latest Major Action Oct. 27, 2009
Bill Sponsor
Bill Cosponsors
11 (All Democrats)
Bill Summary
Foreign Account Tax Compliance Act of 2009 - Amends the Internal Revenue Code to revise and add reporting and other requirements relating to income from assets held abroad, including by: (1) requiring foreign financial and nonfinancial institutions to withhold 30% of payments made to such institutions by U.S. individuals unless such institutions agree to disclose the identity of such individuals and report on their bank transactions; (2)...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Oct. 27, 2009 |
Introduced in the House by Charles B. Rangel (D-N.Y.) |