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- S.2360
S.2360: Stop Corporate Inversions Act of 2014
About This Bill
- Introduced May 20, 2014
- Latest Major Action May 20, 2014
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
22 (21 Democrats, 1 Independent Democrat)
Bill Summary
Stop Corporate Inversions Act of 2014 - Amends the Internal Revenue Code to revise rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States) to provide that during the period beginning after May 8, 2014, and before May 9, 2016, a foreign corporation that acquires the properties of a U.S. corporation or...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| May 20, 2014 |
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3188-31889)
|
| May 20, 2014 |
Introduced in the Senate by Carl Levin (D-Mich.) |