S. 638IntroducedFINANCE AND FINANCIAL SECTOR
Disclosure of Tax Havens and Offshoring Act
Administrative law and regulatory procedures · Foreign and international corporations · Securities
Key facts
Introduced: Mar 2, 2023
Chamber: Senate
Cosponsors: 11
Congress: 118th
Latest action · Sep 12, 2023
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-475.
Summary
Disclosure of Tax Havens and Offshoring Act
This bill requires certain members of a multinational enterprise group that are also issuers of securities to annually disclose information related to the tax jurisdiction, income, and assets of their constituent entities on a country-by-country basis. (Multinational enterprise groups have two or more entities with different tax jurisdictions.)
Summary by Congressional Research Service.
Timeline
- Sep 12, 2023Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-475.
- Mar 2, 2023Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Mar 2, 2023Introduced in Senate
Cosponsors
- Sen. Durbin, Richard J. [D-IL] D-IL
- Sen. Sanders, Bernard [I-VT] I-VT
- Sen. Whitehouse, Sheldon [D-RI] D-RI
- Sen. Smith, Tina [D-MN] D-MN
- Sen. Klobuchar, Amy [D-MN] D-MN
- Sen. Casey, Robert P., Jr. [D-PA] D-PA
- Sen. Blumenthal, Richard [D-CT] D-CT
- Sen. Baldwin, Tammy [D-WI] D-WI
- Sen. Duckworth, Tammy [D-IL] D-IL
- Sen. Warren, Elizabeth [D-MA] D-MA
- Sen. Welch, Peter [D-VT] D-VT
In the News
View official record on Congress.gov →
Make your voice heard
Contact your representatives about this bill in under 2 minutes.
📬 Contact Your Reps →