To prohibit the Secretary of the Treasury from issuing regulations dealing with hybrid transactions.

Summary

Prohibits the Secretary of the Treasury under provisions of subpart F (Controlled Foreign Corporations) of part III (Income from Sources Without the United States) of subchapter N (Tax Based On Income From Sources Within or Without the United States) of the Internal Revenue Code from, among other things, issuing either temporary or final regulations relating to the treatment of hybrid transactions. Requires a study and report concerning such transactions.

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

Timeline

1. 1 October 1998

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 1 October 1998

   Introduced

   Sponsor introductory remarks on measure. (CR E1865)

   Source: IntroReferral

3. 1 October 1998

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 October 1998

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 October 1998 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 October 1998

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 October 1998

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 October 1998

  Open at official source

Sponsors

• Rep. Crane, Philip M. [R-IL-12] · R · Sponsor
• Rep. Matsui, Robert T. [D-CA-3] · D · Sponsor
• SAM JOHNSON · R · Cosponsor
• Rep. Hayworth, J. D. [R-AZ-5] · R · Cosponsor
• Rep. Herger, Wally [R-CA-2] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← A bill to prohibit the Secretary of the Treasury from issuing regulations dealing with hybrid transactions.