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- S.725
S.725: Stop Tax Haven Abuse Act
About This Bill
- Introduced March 11, 2021
- Latest Major Action March 11, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - March 11, 2021
Bill Summary
Stop Tax Haven Abuse Act This bill authorizes the Department of the Treasury to impose restrictions on foreign jurisdictions or financial institutions to counter money laundering and efforts to significantly impede U.S. tax enforcement. Among other provisions, the bill expands reporting requirements for certain foreign investments and accounts held by U.S. persons, establishes a rebuttable presumption against the validity of transactions...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 11, 2021 |
Read twice and referred to the Committee on Finance.
|
| March 11, 2021 |
Introduced in the Senate by Sheldon Whitehouse (D-R.I.) |