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United States · Bill · HR

H.R. 2201 (104th)

Insurance Broker Foreign Source Income Clarification Act of 1994

referredUnited States· United States Congress· EN

Introduced

4 August 1995

Last action

4 August 1995 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Sen. Cardin, Benjamin L. [D-MD], Rep. Dunn, Jennifer [R-WA-8], Rep. Herger, Wally [R-CA-2], Rep. Camp, Dave [R-MI-4], Sen. Bunning, Jim [R-KY], Rep. English, Phil [R-PA-3]

Subjects

Taxation

Source updated

21 August 2025

Taxation

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.

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

Timeline

  1. 4 August 1995

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 4 August 1995

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 4 August 1995

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 4 August 1995

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 4 August 1995

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 4 August 1995

    Open at official source

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Sponsors

Related records

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Sources

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