Corporate Patriot Enforcement Act of 2002

openUnited States· United States Congress· EN

Introduced

6 March 2002

Last action

16 May 2002 · Introduced

Status

Sponsor introductory remarks on measure. (CR H2516)

Sponsors

Rep. Neal, Richard E. [D-MA-1], Rep. Maloney, James H. [D-CT-5], Rep. Frank, Barney [D-MA-4], Rep. DeFazio, Peter A. [D-OR-4], Rep. Conyers, John, Jr. [D-MI-13], Rep. Olver, John W. [D-MA-1], Rep. Miller, George [D-CA-11], Rep. Tierney, John F. [D-MA-6], Rep. McGovern, James P. [D-MA-2], Sen. Markey, Edward J. [D-MA], Rep. Lynch, Stephen F. [D-MA-8], Rep. Israel, Steve [D-NY-3], Sen. Brown, Sherrod [D-OH], Rep. Duncan, John J., Jr. [R-TN-2], Rep. Capuano, Michael E. [D-MA-8], Rep. Lampson, Nick [D-TX-22], Rep. Meehan, Martin T. [D-MA-5], Rep. Delahunt, William D. [D-MA-10], Rep. Towns, Edolphus [D-NY-10], Rep. Johnson, Nancy L. [R-CT-5], Rep. Levin, Sander M. [D-MI-12], Rep. Stark, Fortney Pete [D-CA-13], Rep. Matsui, Robert T. [D-CA-5], Rep. Kaptur, Marcy [D-OH-9], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Brown, Corrine [D-FL-5], Sen. Sanders, Bernard [I-VT], Rep. Carson, Julia [D-IN-7], Rep. Jackson Lee, Sheila [D-TX-18], Rep. Stupak, Bart [D-MI-1], Sen. Udall, Mark [D-CO], Rep. Costello, Jerry F. [D-IL-12], Rep. McKinney, Cynthia A. [D-GA-4], Rep. Wynn, Albert Russell [D-MD-4], Rep. Gephardt, Richard A. [D-MO-3], Rep. DeLauro, Rosa L. [D-CT-3], Sen. Udall, Tom [D-NM], Rep. McDermott, Jim [D-WA-7], Rep. Lipinski, William O. [D-IL-3], Rep. Skelton, Ike [D-MO-4], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Moore, Dennis [D-KS-3], Rep. Frost, Martin [D-TX-24], Rep. Rangel, Charles B. [D-NY-15], Rep. Larson, John B. [D-CT-1], Rep. Engel, Eliot L. [D-NY-16], Rep. Hooley, Darlene [D-OR-5], Rep. Kleczka, Gerald D. [D-WI-4]

Subjects

Taxation

Source updated

19 August 2025

Taxation

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Summary

Corporate Patriot Enforcement Act of 2002 - Amends the Internal Revenue Code by determining that acquiring corporations in"corporate expatriation transactions" shall be considered domestic corporations. Defines a "corporate expatriation transaction" as, with certain exceptions, one in which a "nominally foreign corporation" acquires substantially all of the properties held by a domestic corporation and in which, immediately after the transaction, more than 80 percent of the stock of the acquiring corporation is held by former shareholders of the domestic corporation. Lowers the 80 percent threshold to 50 percent when the acquiring "nominally foreign corporation" lacks substantial business activities in the foreign country in which it was created and organized compared to the total activities of the "expanded affiliated group" and the stock is publicly traded, with the principal market of trading being the United States. Defines the terms "nominally foreign corporation" and "expanded affiliated group." Applies similar rules to partnership transactions. Establishes that a series of related transactions relevant to the Act shall be handled as a single transaction.

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

Timeline

6 March 2002
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
6 March 2002
Introduced
Introduced in House
Source: IntroReferral
6 March 2002
Introduced
Introduced in House
Source: IntroReferral
15 May 2002
Introduced
Sponsor introductory remarks on measure. (CR H2477)
Source: IntroReferral
16 May 2002
Introduced
Sponsor introductory remarks on measure. (CR H2516)
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 6 March 2002 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 6 March 2002
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Introduced in House (PDF)
Introduced in House · EN · 6 March 2002
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Introduced in House
summary · EN · 6 March 2002
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Related records

related to → Providing for consideration of the bill (H.R. 3884) to amend the Internal Revenue Code of 1986 to prevent corporations from avoiding the United States income tax by reincorporting in a foreign country.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/107th-congress/house-bill/3884
Open data entity: https://api.congress.gov/v3/bill/107/hr/3884
us · 107-hr-3884 · source updated 19 August 2025