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United States · Bill · HR

H.R. 2005 (115th)

Offshoring Prevention Act

referredUnited States· United States Congress· EN

Introduced

6 April 2017

Last action

6 April 2017 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Cicilline, David N. [D-RI-1], Rep. Conyers, John, Jr. [D-MI-13], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Maloney, Carolyn B. [D-NY-12]

Subjects

Taxation

Source updated

6 December 2025

Taxation

Summary

Offshoring Prevention Act This bill amends the Internal Revenue Code to include imported property income in foreign base company income, for purposes of determining the income of controlled foreign corporations. The bill defines "imported property income" as, with certain exceptions, income derived in connection with: manufacturing, producing, growing, or extracting imported property; the sale, exchange, or other disposition of imported property; or the lease, rental, or licensing of imported property. The bill also provides for a separate application of limitations on the foreign tax credit for imported property income.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 6 April 2017

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 6 April 2017

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 6 April 2017

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 6 April 2017

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 6 April 2017

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 6 April 2017

    Open at official source

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Sponsors

Related records

Sources

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