US SB2021 | 2025-2026 | 119th Congress
Status
Sponsorship: Partisan Bill (Democrat 4)
Status: Introduced on June 11 2025 - 25% progression
Action: 2025-06-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 11 2025 - 25% progression
Action: 2025-06-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
A bill to amend the Internal Revenue Code of 1986 to exclude round-tripped income for purposes of calculating global intangible low-taxed income, and for other purposes.
Title
Close the Round-Tripping Loophole Act
Sponsors
| Sen. Ron Wyden [D-OR] | Sen. Mark Warner [D-VA] | Sen. Raphael Warnock [D-GA] | Sen. Peter Welch [D-VT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-06-11 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/119th-congress/senate-bill/2021/all-info |
| Text | https://www.congress.gov/119/bills/s2021/BILLS-119s2021is.pdf |
