Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Requires companies to disclose when they use tax havens or move money offshore.
The problem
Some corporations hide profits in countries with low taxes to avoid paying U.S. taxes. This reduces government revenue and may be seen as unfair to regular taxpayers.
The proposal
The bill would require businesses to publicly report their use of tax havens and offshore accounts, increasing transparency about where companies keep their money.
The impact
Large corporations and multinational companies would face new reporting requirements. Investors and the public would gain more information about corporate tax practices.
More transparent reporting could help tax authorities identify and collect taxes owed. This could increase federal revenue available for government programs.
Disclosure makes it harder for large companies to hide tax strategies that smaller businesses cannot use. This could level the playing field between big and small companies.
Shareholders and investors would know more about company finances and tax risks. Better information helps people make smarter investment decisions.
Public disclosure requirements increase government and corporate accountability. Citizens can better understand where corporate money goes.
Companies would need to spend money on reporting systems and staff time to comply with new rules. Smaller businesses might struggle more with these costs than large corporations.
U.S. companies might be at a disadvantage compared to foreign companies not subject to these rules. Some businesses might relocate overseas to avoid disclosure requirements.
Disclosure alone may not stop tax avoidance if there are no penalties or changes to tax law itself. The bill might be ineffective without other legal changes.
Public disclosure of financial strategies could reveal confidential business information to competitors. Companies may worry about losing trade secrets.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Other bills in this policy area
HR 10730
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HR 5349
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HR 997
National Taxpayer Advocate Enhancement Act of 2025
Individual contributions, grouped by employer · FEC
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Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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