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H.R. 961

Introduced

Permanent Active Financing Exception Act of 2015

Introduced 2/12/2015•114th Congress•House

Latest Action

Placed on the Union Calendar, Calendar No. 233.

10/23/2015 • House

Summary

Permanent Active Financing Exception Act of 2015

(Sec. 2) This bill amends the Internal Revenue Code to make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business.

Reported to House with amendment(s) • 10/23/2015

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Topics & Subjects

Policy Area: Taxation
Financial services and investmentsForeign and international bankingForeign and international corporationsIncome tax exclusionInsurance industry and regulationTaxation of foreign income

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (17)

Party Breakdown

6
Democrats
11
Republicans
0
Independents

Sponsor

R[
Rep. Tiberi, Patrick J. [R-OH-12]

Republican • OH-12

Sponsored 2/12/2015

Cosponsors (16)

R[
Rep. Neal, Richard E. [D-MA-1]

D-MA-1

Joined 2/12/2015

R[
Rep. Kind, Ron [D-WI-3]

D-WI-3

Joined 2/12/2015

R[
Rep. Larson, John B. [D-CT-1]

D-CT-1

Joined 2/12/2015

R[
Rep. Pascrell, Bill, Jr. [D-NJ-9]

D-NJ-9

Joined 2/12/2015

R[
Rep. Thompson, Mike [D-CA-5]

D-CA-5

Joined 2/12/2015

R[
Rep. Reed, Tom [R-NY-23]

R-NY-23

Joined 2/12/2015

Bill Journey

Originated in the House

Introduced

February 12, 2015

Committee Review

September 17, 2015

Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 11.

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (2)

Reported in House10/23/2015
Introduced in House2/12/2015

Committee Reports (1)

Details

Bill TypeHR
Current StatusIntroduced
Cosponsors16