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United States · Bill · S

S. 2662 (114th)

Pay What You Owe Before You Go Act

referredUnited States· United States Congress· EN

Introduced

10 March 2016

Last action

10 March 2016 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Brown, Sherrod [D-OH], Sen. Durbin, Richard J. [D-IL], Sen. Schumer, Charles E. [D-NY], Sen. Feinstein, Dianne [D-CA]

Subjects

Taxation

Source updated

12 August 2025

Taxation

Summary

Pay What You Owe Before You Go Act This bill amends the Internal Revenue Code to require the recapture in subpart F income (i.e., income of a controlled foreign corporation earned outside the United States which is not tax deferred) of the accumulated deferred foreign income of such corporation (i.e., the undistributed earnings of the controlled foreign corporation over its undistributed U.S. earnings) for its last taxable year.

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

Timeline

  1. 10 March 2016

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 10 March 2016

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 10 March 2016

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 10 March 2016

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 10 March 2016

    Open at official source

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Sponsors

Related records

Sources

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