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- S.561
S.561: Offshoring Prevention Act
About This Bill
- Introduced March 14, 2013
- Latest Major Action March 14, 2013
Bill Sponsor
Bill Cosponsors
6 (All Democrats)
Bill Summary
Offshoring Prevention Act - Amends the Internal Revenue Code to include in foreign base company income, for purposes of determining the foreign trade income of controlled foreign corporations, imported property income. Defines "imported property income" as, with certain exceptions, income attributable to property manufactured outside of the United States and imported for sale into the United States. Provides for a separate application of...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| March 14, 2013 |
Read twice and referred to the Committee on Finance.
|
| March 14, 2013 |
Introduced in the Senate by Sheldon Whitehouse (D-R.I.) |