US Congress House Bill 4985 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 62-0)
Status: Introduced on June 26 2014 - 25% progression, died in committee
Action: 2014-06-26 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Stop Corporate Expatriation and Invest in America's Infrastructure Act of 2014 - Amends the Internal Revenue Code to revise 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) to provide 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 to U.S. taxation if, after such acquisition: (1) it holds more than 50% of the stock of the new entity (expanded affiliated group), or (2) the management or control of the new entity occurs primarily within the United States and the new entity has significant domestic business activities. Authorizes additional appropriations to the Highway Account and Mass Transit Account in the Highway Trust Fund.

Stop Corporate Expatriation and Invest in America's Infrastructure Act of 2014

Sen. Chris Van Hollen [D-MD]	Rep. Xavier Becerra [D-CA]	Rep. Timothy Bishop [D-NY]	Rep. Earl Blumenauer [D-OR]
Rep. Suzanne Bonamici [D-OR]	Rep. Julia Brownley [D-CA]	Rep. Tony Cardenas [D-CA]	Rep. Matthew Cartwright [D-PA]
Rep. Donna Christensen [D-VI]	Rep. Katherine Clark [D-MA]	Rep. Steve Cohen [D-TN]	Rep. Gerald Connolly [D-VA]
Rep. Joe Courtney [D-CT]	Rep. Danny Davis [D-IL]	Rep. Peter DeFazio [D-OR]	Rep. Rosa DeLauro [D-CT]
Rep. Lloyd Doggett [D-TX]	Sen. Tammy Duckworth [D-IL]	Rep. Donna Edwards [D-MD]	Rep. William Enyart [D-IL]
Rep. Elizabeth Esty [D-CT]	Rep. John Garamendi [D-CA]	Rep. Colleen Hanabusa [D-HI]	Rep. Alcee Hastings [D-FL]
Rep. Denny Heck [D-WA]	Rep. Steven Horsford [D-NV]	Rep. Jared Huffman [D-CA]	Rep. Joseph Kennedy [D-MA]
Rep. James Langevin [D-RI]	Rep. Sander Levin [D-MI]	Rep. John Lewis [D-GA]	Rep. Alan Lowenthal [D-CA]
Rep. Michelle Lujan Grisham [D-NM]	Rep. Carolyn Maloney [D-NY]	Rep. Doris Matsui [D-CA]	Rep. Betty McCollum [D-MN]
Rep. Jim McDermott [D-WA]	Rep. James McGovern [D-MA]	Rep. Michael Michaud [D-ME]	Rep. George Miller [D-CA]
Rep. Grace Napolitano [D-CA]	Rep. Gloria Negrete McLeod [D-CA]	Rep. Richard Nolan [D-MN]	Rep. Eleanor Norton [D-DC]
Sen. Gary Peters [D-MI]	Rep. Mark Pocan [D-WI]	Rep. Charles Rangel [D-NY]	Rep. Lucille Roybal-Allard [D-CA]
Rep. Bobby Rush [D-IL]	Rep. Janice Schakowsky [D-IL]	Rep. Allyson Schwartz [D-PA]	Rep. Jose Serrano [D-NY]
Rep. Carol Shea-Porter [D-NH]	Rep. Albio Sires [D-NJ]	Rep. Louise Slaughter [D-NY]	Rep. Eric Swalwell [D-CA]
Rep. Paul Tonko [D-NY]	Rep. Niki Tsongas [D-MA]	Rep. Juan Vargas [D-CA]	Rep. Nydia Velazquez [D-NY]
Rep. Timothy Walz [D-MN]	Sen. Peter Welch [D-VT]

Date	Chamber	Action
2014-06-26	House	Referred to the House Committee on Ways and Means.

SB2489 (Related) 2014-06-18 - Read twice and referred to the Committee on Finance.
HB4679 (Related) 2014-05-20 - Referred to the House Committee on Ways and Means.
SB2360 (Related) 2014-05-20 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3188-31889)
HB5338 (Related) 2014-07-31 - Referred to House Foreign Affairs

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/4985/all-info
Text	https://www.congress.gov/113/bills/hr4985/BILLS-113hr4985ih.pdf