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Permanent Active Financing Exception Act of 2015
4/7/2025, 3:20 PM
Summary of Bill HR 961
Bill 114 hr 961, also known as the Permanent Active Financing Exception Act of 2015, is a piece of legislation that aims to make a change to the tax code in the United States. The bill seeks to permanently extend the active financing exception, which allows certain financial institutions to avoid paying taxes on income earned from overseas financing activities.
The active financing exception was originally created as a temporary measure to help American companies compete in the global marketplace. However, the bill seeks to make this exception permanent in order to provide certainty to businesses and encourage investment in the United States.
Supporters of the bill argue that making the active financing exception permanent will help to stimulate economic growth and create jobs. They believe that by allowing financial institutions to continue to benefit from this tax break, they will be able to compete more effectively with foreign competitors. Opponents of the bill, on the other hand, argue that the active financing exception is a loophole that allows large corporations to avoid paying their fair share of taxes. They believe that the bill will only serve to benefit wealthy corporations at the expense of the American taxpayer. Overall, Bill 114 hr 961 is a controversial piece of legislation that has sparked debate among lawmakers and the public. It remains to be seen whether the bill will ultimately be passed into law.
The active financing exception was originally created as a temporary measure to help American companies compete in the global marketplace. However, the bill seeks to make this exception permanent in order to provide certainty to businesses and encourage investment in the United States.
Supporters of the bill argue that making the active financing exception permanent will help to stimulate economic growth and create jobs. They believe that by allowing financial institutions to continue to benefit from this tax break, they will be able to compete more effectively with foreign competitors. Opponents of the bill, on the other hand, argue that the active financing exception is a loophole that allows large corporations to avoid paying their fair share of taxes. They believe that the bill will only serve to benefit wealthy corporations at the expense of the American taxpayer. Overall, Bill 114 hr 961 is a controversial piece of legislation that has sparked debate among lawmakers and the public. It remains to be seen whether the bill will ultimately be passed into law.
Current Status of Bill HR 961
Bill HR 961 is currently in the status of Bill Introduced since February 12, 2015. Bill HR 961 was introduced during Congress 114 and was introduced to the House on February 12, 2015. Bill HR 961's most recent activity was Placed on the Union Calendar, Calendar No. 233. as of October 23, 2015
Bipartisan Support of Bill HR 961
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 961
Primary Policy Focus
TaxationComments
Sponsors and Cosponsors of HR 961
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