To amend the Securities Act of 1934 to require country-by-country reporting.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the Disclosure of Tax Havens and Offshoring Act and requires country-by-country reporting Section 13 of the Securities Exchange Act of 1934 (15 U.S.C. It relies on tax rate changes, definition changes, reporting requirements, and compliance mandates. The main policy areas are Finance, Financial Services, Environment, and Housing.
Who Benefits and How
Financial services firms and customers affected by the bill could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Homeowners, tenants, or housing market participants affected by the bill would take on compliance duties, and Financial services firms and customers affected by the bill would take on compliance duties.
Key Provisions
- Creates short title This Act may be cited as the Disclosure of Tax Havens and Offshoring Act.
- Requires country-by-country reporting Section 13 of the Securities Exchange Act of 1934 (15 U.S.C.
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
The bill creates short title This Act may be cited as the Disclosure of Tax Havens and Offshoring Act and requires country-by-country reporting Section 13 of the Securities Exchange Act of 1934 (15 U.S.C.
Key Policy Areas
Finance, Financial Services, Environment, Housing
Primary Purpose
The bill creates short title This Act may be cited as the Disclosure of Tax Havens and Offshoring Act and requires country-by-country reporting Section 13 of the Securities Exchange Act of 1934 (15 U.S.C.
Policy Domains
Whole bill
Identified Gains
- Financial services firms and customers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Homeowners, tenants, or housing market participants affected by the bill
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
- Businesses and employers affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Van Hollen (for himself, Mr. Durbin, Mr. Sanders, Mr. …
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?
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.
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