Bill118th CongressFiled Sep 27, 2023Taxation
H.R. 5751
To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying constructive ownership rules.
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in house (Sep 27, 2023)
This bill restores the limitation on downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.
What just happenedSep 27, 2023
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Ferguson, A. Drew, IV [R-GA-3](R-GA)Sponsor
6 cosponsors3 D3 R
6cosponsors1committees3actions
- Introduced in HouseSep 27, 2023
- Sep 27, 2023IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Sep 27, 2023IntroReferralIntro-H
Introduced in House
- Sep 27, 2023IntroReferral1000
Introduced in House