United States · Bill · HR
H.R. 2201 (104th)
Insurance Broker Foreign Source Income Clarification Act of 1994
Introduced
4 August 1995
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
21 August 2025
Summary
Insurance Broker Foreign Source Income Clarification Act of 1994 - Amends the Internal Revenue Code to provide that in the case of any controlled foreign corporation passive income does not include any income derived from insurance brokerage or agency services. Declares that income earned on fiduciary funds held by an insurance agent or broker shall not be passive income and such funds shall be treated as having a tax basis equal to their original purchase price.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 4 August 1995
Introduced in House (PDF)
Introduced in House · EN · 4 August 1995
Introduced in House
summary · EN · 4 August 1995
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/104th-congress/house-bill/2201
- Open data entity: https://api.congress.gov/v3/bill/104/hr/2201