To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying constructive ownership rules.

12/15/2023, 4:02 PM

Congressional Summary of HR 5751

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

Current Status of Bill HR 5751

Bill HR 5751 is currently in the status of Bill Introduced since September 27, 2023. Bill HR 5751 was introduced during Congress 118 and was introduced to the House on September 27, 2023.  Bill HR 5751's most recent activity was Referred to the House Committee on Ways and Means. as of September 27, 2023

Bipartisan Support of Bill HR 5751

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5751

Primary Policy Focus

Taxation
Start holding our government accountable!

Comments