H.R.3338: Stop Outsourcing and Create American Jobs Act of 2011

About This Bill

Bill Summary

Stop Outsourcing and Create American Jobs Act of 2011 - Directs the Secretary of the Treasury to develop and publish a list of countries that are tax havens for corporations. Amends the Internal Revenue Code to increase the penalties on corporations for: (1) underpayment of tax involving an undisclosed foreign financial asset located in a tax haven country; (2) reportable transaction understatements involving transactions in a tax haven...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, 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.
Referred to House Ways and Means
Referred to House Oversight and Government Reform
Nov. 3, 2011

Introduced in the House by Jerry McNerney (D-Calif.)

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