Senate Bill 638 - Disclosure of Tax Havens and Offshoring Act

Purpose and Summary

Chamber: Senate

Introduced date: 2023-03-02

Recent Activity

Committee on Banking, Housing, and Urban Affairs. Hearings held.

Alternative Names

Disclosure of Tax Havens and Offshoring Act

Disclosure of Tax Havens and Offshoring Act

A bill to amend the Securities Act of 1934 to require country-by-country reporting.

Associated Legislation

Disclosure of Tax Havens and Offshoring Act

Policy Areas

Finance and Financial Sector

Potential Impact

Administrative law and regulatory procedures

Foreign and international corporations

Securities

Securities and Exchange Commission (SEC)

Tax administration and collection, taxpayers

Taxation of foreign income

Sponsors and Supporters

Sen. Van Hollen, Chris [D-MD]

Cosponsors and Supporters

Sen. Durbin, Richard J. [D-IL]

Sen. Sanders, Bernard [I-VT]

Sen. Whitehouse, Sheldon [D-RI]

Sen. Smith, Tina [D-MN]

Sen. Klobuchar, Amy [D-MN]

Sen. Casey, Robert P., Jr. [D-PA]

Sen. Blumenthal, Richard [D-CT]

Sen. Baldwin, Tammy [D-WI]

Sen. Duckworth, Tammy [D-IL]

Sen. Warren, Elizabeth [D-MA]

Sen. Welch, Peter [D-VT]

Committees and Subcommittees

Banking, Housing, and Urban Affairs Committee

Variations and Revisions

Disclosure of Tax Havens and Offshoring Act

Disclosure of Tax Havens and Offshoring Act

2/5/2024, 7:36 PM

Disclosure of Tax Havens and Offshoring Act

This bill requires certain members of a multinational enterprise group that are also issuers of securities to annually disclose information related to the tax jurisdiction, income, and as...

Congress
118
Number
S - 638
Introduced on
2023-03-02
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

3/2/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Disclosure of Tax Havens and Offshoring Act

This bill requires certain members of a multinational enterprise group that are also issuers of securities to annually disclose information related to the tax jurisdiction, income, and as...

Alternative Names
Official Title as IntroducedA bill to amend the Securities Act of 1934 to require country-by-country reporting.
Policy Areas
Finance and Financial Sector
Potential Impact
Administrative law and regulatory procedures•
Foreign and international corporations•
Securities•
Securities and Exchange Commission (SEC)•
Tax administration and collection, taxpayers•
Taxation of foreign income

Comments

Related

Bill:  Disclosure of Tax Havens and Offshoring Act

Recent Activity

Latest Summary6/22/2023

Disclosure of Tax Havens and Offshoring Act

This bill requires certain members of a multinational enterprise group that are also issuers of securities to annually disclose information related to the tax jurisdiction, income, and as...

Latest Action9/12/2023
Committee on Banking, Housing, and Urban Affairs. Hearings held.