House bill · H.R. 995 (119th Congress)

No Tax Breaks for Outsourcing Act

U.S. House of Representatives

Latest action Feb 5, 2025

Sponsor: Lloyd Doggett (U.S. Representative, TX-37, Democratic)

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Summary

Would amend the Internal Revenue Code to require current-year inclusion of net controlled foreign corporation (CFC) tested income, apply the limitation on the foreign tax credit on a country-by-country basis, and limit interest deductions for certain domestic corporations that are members of multinational groups.

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Where it stands

Assigned to a committee for review.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

Committee

House Committee on Ways and Means · U.S. House of Representatives

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Cosponsors

137

Showing the 134 who are on Agora, A to Z. Congress.gov listed 137 as of Aug 1, 2026.

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Democratic134

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Full history

Feb 5, 2025
Introduced
Introduced in House
U.S. House of Representatives
Feb 5, 2025
Introduced
Introduced in U.S. House
U.S. House
Feb 5, 2025
Referred to committee
Referred to the House Committee on Ways and Means.
U.S. House of Representatives

Read the record

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