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- S.268
S.268: CUT Loopholes Act
About This Bill
- Introduced Feb. 11, 2013
- Latest Major Action Feb. 11, 2013
Bill Sponsor
Bill Cosponsor
Bill Summary
Cut Unjustified Tax Loopholes Act or the CUT Loopholes Act - Authorizes the Secretary of the Treasury to impose restrictions on foreign jurisdictions or financial institutions operating in the United States that are of primary money laundering concern or that impede U.S. tax enforcement. Amends the Internal Revenue Code to: establish a rebuttable presumption against the validity of transactions by institutions that do not comply with...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Feb. 11, 2013 |
Read twice and referred to the Committee on Finance.
|
| Feb. 11, 2013 |
Introduced in the Senate by Carl Levin (D-Mich.) |