To amend the Internal Revenue Code of 1986 to modify the treatment of foreign corporations, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to modify the treatment of foreign corporations, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Foreign Policy, Energy.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H8A78213AFAD14ACDAC160C03E2BA5A19: 1. Short title This Act may be cited as the Corporate Tax Dodging Prevention Act.
- Section H5CFBB03DB9DE44D5A6D8A4858316CF43: 2. Restoration of progressive corporate tax rate Section 11(b) of the Internal Revenue Code of 1986 is amended to read as follows: (b)Amount of tax (1)In...
- Section H129EC21CB79A41FFADB5AC6275E8C1BC: 3. Equalization of tax rates on domestic and foreign income Section 952 of the Internal Revenue Code of 1986 is amended by adding at the end the following new...
- Section H1B2444A73E76444F82E5C04AC9DD5092: 4. Country-by-country application of limitation on foreign tax credit based on taxable units Section 904 is amended by inserting after subsection (d) the...
- Section H423F59D852724C10995CDBE63A06A45D: 5. Repeal of check-the-box rules for certain foreign entities and CFC look-thru rules Paragraph (3) of section 7701(a) of the Internal Revenue Code of 1986 is...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to modify the treatment of foreign corporations, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Foreign Policy, Energy
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to modify the treatment of foreign corporations, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Legislative Progress
IntroducedMs. Schakowsky introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
- "the_commission"
- → The commission identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology