h 36 60721 1256616000 1256616000 3933 1417 111 400333

10/27/2009--Introduced.Foreign Account Tax Compliance Act of 2009 - Amends the Internal Revenue Code to revise and add reporting and other requirements relating to income from assets held abroad, including by: (1) requiring foreign financial and nonfinancial institutions to withhold 30% of payments made to such institutions by U.S. individuals unless such institutions agree to disclose the identity of such individuals and report on their bank transactions; (2) denying a tax deduction for interest on non-registered bonds issued outside the United States; (3) requiring any individual who holds more than $50,000 in a depository or custodial account maintained by a foreign financial institution to report on such accounts; (4) imposing an enhanced tax penalty for underpayments attributable to undisclosed foreign financial assets; (5) extending the limitation period for assessment of underpayments with respect to assets held outside the United States; (6) requiring certain tax advisors who assist U.S. individuals in acquiring a direct or indirect interest in a foreign entity to file an information return disclosing the identity of the foreign entity and the individual investors; (7) requiring shareholders of a passive foreign investment company to file informational returns; (8) enhancing tax rules and penalties relating to foreign trusts with U.S. beneficiaries; and (9) requiring withholding of tax on dividend equivalent payments received by foreign individuals.

1256616000 2009-10-27 Thu Feb 04 05:26:55 -0600 2010 introduced 60721 'act':5 'tax':3 '2009':7 'account':2 'foreign':1 'complianc':4 79157 false short introduced 60721 'tax':14 '1986':8 'code':6 'held':19 'amend':2 'asset':18 'avoid':12 'incom':16 'abroad':20 'intern':4 'purpos':24 'revenu':5 'prevent':10 79120 false official action 60721 Wed Oct 28 06:56:59 -0500 2009 1256616000 Tue Oct 27 00:00:00 -0500 2009 212942 Referred to the House Committee on Ways and Means. R000053 1930-06-11 10060 2354 Rayburn House Office Building https://forms.house.gov/rangel/forms/contact.shtml 15 202-225-0816 Charles 'd':4 'ny':5 '-15':6 'rep':1 'charl':2,7,9 'rangel':3,8,10 M 400333 Rangel Charles_B._Rangel B. Rep. Charles Rangel [D, NY-15] 4292 N00000964 15994 Democrat 202-225-4365 Roman Catholic NY Charlie Charles Rangel 1.17647058823529 http://www.house.gov/rangel/ RepRangel C000794 1949-09-25 2558 2408 Rayburn House Office Building http://costello.house.gov/IMA/issue_subscribe.shtml 12 202-225-0285 Jerry 'd':4 'il':5 '-12':6 'rep':1 'jerri':2,7,9 'costello':3,8,10 M 400082 Costello Jerry_F._Costello F. Rep. Jerry Costello [D, IL-12] 1571 N00004956 7261 Democrat 202-225-5661 Roman Catholic IL Jerry Costello 3.7 http://costello.house.gov/ C001038 1962-03-16 2143 312 Cannon House Office Building https://forms.house.gov/crowley/contact.shtml 7 202-225-1909 Joseph 'd':4 '-7':6 'ny':5 'rep':1 'joseph':2,7,9 'crowley':3,8,10 M 400087 Crowley Joseph_Crowley Rep. Joseph Crowley [D, NY-7] 818 N00001127 7630 Democrat 202-225-3965 Roman Catholic NY Joe Joseph Crowley 0.125 http://crowley.house.gov/ D000096 1941-09-06 3808 2159 Rayburn House Office Building https://forms.house.gov/davis/webforms/issue_subscribe.htm 7 202-225-5641 Danny 'd':4 '-7':6 'il':5 'rep':1 'davi':3,8,10 'danni':2,7,9 M 400093 Davis Danny_K._Davis K. Rep. Danny Davis [D, IL-7] 1517 N00004884 9442 Democrat 202-225-5006 Baptist IL Danny Davis 2.35294117647059 http://www.davis.house.gov/ D000216 1943-03-02 6098 2262 Rayburn House Office Building http://delauro.house.gov/contact_form_email.cfm 3 202-225-4890 Rosa 'd':4 '-3':6 'ct':5 'rep':1 'rosa':2,7,9 'delauro':3,8,10 F 400103 DeLauro Rosa_L._DeLauro L. Rep. Rosa DeLauro [D, CT-3] 3058 N00000615 13369 Democrat 202-225-3661 Roman Catholic CT Rosa DeLauro 0.764705882352941 http://delauro.house.gov/ L000263 1931-09-06 1834 1236 Longworth House Office Building http://www.house.gov/levin/levin_contact_email.shtml 12 202-226-1033 Sander 'd':4 'mi':5 '-12':6 'rep':1 'levin':3,8,10 'sander':2,7,9 M 400238 Levin Sander_M._Levin M. Rep. Sander Levin [D, MI-12] 1112 N00003950 7593 Democrat 202-225-4961 Jewish MI Sandy Sander Levin 1.6 http://www.house.gov/levin MI12yes M001148 1966-09-06 4641 1039 Longworth House Office Building http://kendrickmeek.house.gov/contact1.shtml 17 202-226-0777 Kendrick 'd':4 'fl':5 '-17':6 'rep':1 'meek':3,8,10 'kendrick':2,7,9 M 400270 Meek Kendrick_B._Meek Brett Rep. Kendrick Meek [D, FL-17] 2097 N00025692 7545 Democrat 202-225-4506 Baptist FL Kendrick Meek 2.29411764705882 http://kendrickmeek.house.gov/ KendrickBMeek N000015 1949-02-14 2038 2208 Rayburn House Office Building http://www.house.gov/neal/write_neal.html 2 202-225-8112 Richard 'd':4 '-2':6 'ma':5 'rep':1 'neal':3,8,10 'richard':2,7,9 M 400291 Neal Richard_E._Neal E. Rep. Richard Neal [D, MA-2] 795 N00000153 7500 Democrat 202-225-5601 Roman Catholic MA Richard Neal 1.81818181818182 http://www.house.gov/neal/ S001156 1969-01-28 3052 1222 Longworth House Office Building http://www.house.gov/writerep 39 202-226-1012 Linda 'd':4 'ca':5 '-39':6 'rep':1 'linda':2,7,9 'sanchez':10 'sánchez':3,8 F 400355 Sánchez T. Rep. Linda Sánchez [D, CA-39] 1016 N00024870 8274 Democrat 202-225-6676 Roman Catholic CA Linda Sanchez 1.41176470588235 http://www.lindasanchez.house.gov/ S000810 1931-11-11 2486 239 Cannon House Office Building http://www.house.gov/stark/contact/index.htm 13 202-226-3805 Fortney 'd':4 'ca':5 '-13':6 'rep':1 'pete':9 'stark':3,8,11 'fortney':2,7,10 M 400387 Stark Fortney_Pete_Stark H. Rep. Fortney Stark [D, CA-13] 751 Pete N00007397 7762 Democrat 202-225-5065 Unitarian CA Pete Fortney Stark 3.70588235294118 http://www.house.gov/stark/ repstark V000128 1959-01-10 3192 1707 Longworth House Office Building http://vanhollen.house.gov/HoR/MD08/Contact+Information/Web+Contact/Contact+Form.htm 8 202-225-0375 Christopher 'd':5 '-8':7 'md':6 'rep':1 'van':3,9,13 'chris':11 'hollen':4,10,14 'christoph':2,8,12 M 400415 Van Hollen Chris_Van_Hollen Rep. Christopher Van Hollen [D, MD-8] 1495 Chris N00013820 9012 Democrat 202-225-5341 Episcopalian MD Chris Christopher Van Hollen 1.75 http://vanhollen.house.gov W000800 4989 1404 Longworth House Office Building http://www.house.gov/formwelch/issue_subscribe.htm 0 202-225-6790 Peter 'd':4 '-0':6 'vt':5 'rep':1 'peter':2,7,9 'welch':3,8,10 M 412239 Welch Peter_Welch Rep. Peter Welch [D, VT-0] 2720 N00000515 9136 Democrat 202-225-4115 VT Peter Welch 4.58333333333333 http://welch.house.gov/ action 60721 Wed Oct 28 06:56:59 -0500 2009 1256616000 Tue Oct 27 00:00:00 -0500 2009 212942 Referred to the House Committee on Ways and Means. introduced 60721 Wed Oct 28 06:56:58 -0500 2009 1256616000 Tue Oct 27 00:00:00 -0500 2009 212941