United States 114th Congress Status: Died 1 R cosponsors

HR 961 — Permanent Active Financing Exception Act of 2015

Last action — Placed on the Union Calendar, Calendar No. 233.

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  1. ✓
    Introduced
  2. Died in session

This bill died with 114th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Permanent Active Financing Exception Act of 2015 (Sec. 2) This bill 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.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 961 on the official United States source →

Action History

  1. Placed on the Union Calendar, Calendar No. 233.

  2. Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-307.

  3. Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 11.

  4. Committee Consideration and Mark-up Session Held.

  5. Referred to the House Committee on Ways and Means.

  6. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HR 961 do?
Permanent Active Financing Exception Act of 2015 (Sec. 2) This bill 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.
Who sponsors HR 961?
HR 961 is sponsored by Patrick Tiberi (R).
What is the current status of HR 961?
This bill died with 114th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 961?
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Last checked for changes about 18 hours ago · updated continuously

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