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- S.1501
S.1501: Stop Corporate Inversions Act of 2021
About This Bill
- Introduced April 29, 2021
- Latest Major Action April 29, 2021
- See the five similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
12 (11 Democrats, 1 Independent Democrat)
Bill Version
- Introduced in Senate - April 29, 2021
Bill Summary
Stop Corporate Inversions Act of 2021 This bill revises 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). The bill provides that a foreign corporation that acquires the properties of a U.S. corporation or partnership after May 8, 2014, shall be treated as an inverted corporation and thus subject...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| April 29, 2021 |
Read twice and referred to the Committee on Finance.
|
| April 29, 2021 |
Read twice and referred to the Committee on Finance. (text: CR S2364-2365)
|
| April 29, 2021 |
Introduced in the Senate by Richard J. Durbin (D-Ill.) |