HR 4429 · 113th Congress · Taxation

Permanent Active Financing Exception Act of 2014

Introduced 2014-04-08· Sponsored by Rep. Tiberi, Patrick J. [R-OH-12]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 315.(2014-05-02)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 4429, Permanent Active Financing Exception Act of 2014

May 2, 2014

As ordered reported by the House Committee on Ways and Means on April 29, 2014

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (16)

7 Democrats9 Republicans
Rep. Neal, Richard E. [D-MA-1]MA
Rep. Johnson, Sam [R-TX-3]TX
Rep. Larson, John B. [D-CT-1]CT
Rep. Brady, Kevin [R-TX-8]TX
Rep. Kind, Ron [D-WI-3]WI
Rep. Nunes, Devin [R-CA-22]CA
Rep. Pascrell, Bill, Jr. [D-NJ-9]NJ
Rep. Boustany, Charles W., Jr. [R-LA-3]LA
Rep. Crowley, Joseph [D-NY-14]NY
Rep. Schock, Aaron [R-IL-18]IL
Rep. Reed, Tom [R-NY-23]NY
Rep. Sánchez, Linda T. [D-CA-38]CA
Rep. Young, Todd [R-IN-9]IN
Rep. Thompson, Mike [D-CA-5]CA
Rep. Roskam, Peter J. [R-IL-6]IL
Rep. Smith, Adrian [R-NE-3]NE