H.R. 415: Stop Corporate Inversions Act of 2015

On January 20th, Ways and Means Committee Ranking Member Sander Levin (D-MI) and Committee Member Lloyd Doggett (D-TX) introduced legislation to tighten restrictions on corporate tax inversions, limiting the ability of American companies to lower their U.S. taxes by combining with a smaller foreign business and moving their tax address overseas.

The bill would save the U.S. nearly $34 billion in revenue, according to the Joint Committee on Taxation.

Senate Minority Whip Dick Durbin (D-IL) and Senator Jack Reed (D-RI) introduced companion legislation in the Senate.

The House bill was originally introduced in May by Rep. Levin and three dozen other Democrats.

1.      Text of the bill (as introduced)

2.      Press release with statements from co-sponsors

4.      CRS Report: Corporate Expatriation, Inversions, and Mergers: Tax Issues

5.      Joint Committee on Taxation score for H.R. 415