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- S.1506
S.1506: A bill to prevent the Secretary of the Treasury from expanding United States bank reporting requirements with respect to interest on deposits paid to nonresident aliens.
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about finance and financial sector
- Introduced Aug. 2, 2011
- Latest Major Action Aug. 2, 2011
Bill Sponsor
Bill Cosponsors
21 (1 Democrat, 20 Republicans)
Bill Summary
Prohibits the Secretary of the Treasury from requiring a payor of interest to file an information return on interest that is not effectively connected with a trade or business within the United States and that is paid to a nonresident alien on a deposit maintained at an office within the United States.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| Aug. 2, 2011 |
Introduced in the Senate by Marco Rubio (R-Fla.) |