H.R. 2847 · 117th Congress · House

To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.

Active· Referred to the House Committee on Ways and Means.
Introduced
Apr 26, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

This bill restores the limitation on downward attribution rules to 50% of stock ownership in applying constructive ownership rules to controlled foreign corporations.

Action Timeline

3
  1. APR 26, 2021•IntroReferral

    Introduced in House

  2. APR 26, 2021•IntroReferral

    Introduced in House

  3. APR 26, 2021•IntroReferral

    Referred to the House Committee on Ways and Means.

Committees

1

Ways and Means Committee

hswm00

Referred: Apr 26, 2021

Active