US SB3217 | 2021-2022 | 117th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on November 17 2021 - 25% progression
Action: 2021-11-17 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 17 2021 - 25% progression
Action: 2021-11-17 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Sets forth special tax rules for determining whether financial guaranty insurance companies are qualifying insurance corporations under the passive foreign investment company rules.
Title
A bill to amend the Internal Revenue Code of 1986 to provide special rules for purposes of determining if financial guaranty insurance companies are qualifying insurance corporations under the passive foreign investment company rules.
Sponsors
| Sen. Robert Menendez [D-NJ] | Sen. Bill Cassidy [R-LA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2021-11-17 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB4422 (Same As) 2021-07-13 - Referred to the House Committee on Ways and Means.
HB5376 (Related) 2021-11-19 - Motion to reconsider laid on the table.
HB5376 (Related) 2021-11-19 - Motion to reconsider laid on the table.
Subjects
Accounting and auditing
Capital gains tax
Financial services and investments
Foreign and international corporations
Securities
Tax administration and collection, taxpayers
Taxation
Taxation of foreign income
Capital gains tax
Financial services and investments
Foreign and international corporations
Securities
Tax administration and collection, taxpayers
Taxation
Taxation of foreign income
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/117th-congress/senate-bill/3217/all-info |
| Text | https://www.congress.gov/117/bills/s3217/BILLS-117s3217is.pdf |
