Official Bill Info

• Latest Action: Oct 27, 2009 Referred to the House Committee on Ways and Means.

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• Committee Assignment: House Ways and Means

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  This bill has been assigned to the House Ways and Means committee.

Bill Statistics on OpenCongress

Contribution Data

Supporting Organizations

• U.S. Public Interest Research Groups

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• Global Financial Integrity

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  I know that the organization Global Financial Integrity supports H.R.3933
• Internal Revenue Service

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  I know that the organization Internal Revenue Service supports H.R.3933

Opposing Organizations

• Australian Banking Association

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• American Citizens Abroad

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  I know that the organization American Citizens Abroad opposes H.R.3933
• U.S. Chamber of Commerce

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  I know that the organization U.S. Chamber of Commerce opposes H.R.3933
• European Fund and Management Association

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  I know that the organization European Fund and Management Association opposes H.R.3933
• Swiss Bankers Association

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• State Street Bank and Trust

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• American Bankers Association

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  I know that the organization American Bankers Association opposes H.R.3933
• Securities Industry and Financial Markets Association

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  I know that the organization Securities Industry and Financial Markets Association opposes H.R.3933
• Clearing House

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  I know that the organization Clearing House opposes H.R.3933
• European Banking Federation

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• Institute of International Bankers

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• International Capital Markets Services Association

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  I know that the organization International Capital Markets Services Association opposes H.R.3933
• Investment Fund Institute of Canada

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  I know that the organization Investment Fund Institute of Canada opposes H.R.3933
• The Investment Industry Association of Canada

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  I know that the organization The Investment Industry Association of Canada opposes H.R.3933
• Euroclear Bank

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• The Financial Services Roundtable

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  I know that the organization The Financial Services Roundtable opposes H.R.3933
• International Capital Market Association

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• International Swaps and Derivatives Association

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  I know that the organization International Swaps and Derivatives Association opposes H.R.3933
• Managed Funds Association

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  I know that the organization Managed Funds Association opposes H.R.3933
• Covington & Burling LLP

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  I know that the organization Covington & Burling LLP opposes H.R.3933
• Credit Suisse

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• American Institute of Certified Public Accountants

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  I know that the organization American Institute of Certified Public Accountants opposes H.R.3933

Most-commented sections of the bill text

• IN THE HOUSE OF REPRESENTATIVES (1 comments, Link )

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  specifically, this section of the legislation: "IN THE HOUSE OF REPRESENTATIVES",
• ‘(C) PAYMENTS DETERMINED ON GROSS BASIS- The term ‘payment’ includes any gross amount which is used in computing any net amount which is transferred to or from the taxpayer. (1 comments, Link )

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  specifically, this section of the legislation: "‘(C) PAYMENTS DETERMINED ON GROSS BASIS- The term ‘payment’ includes any gross amount which is used in computing any net amount which is transferred to or from the taxpayer.",

Highest Rated User Comments

• On January 07, 2010, by MercilessPit - Interesting that the senator that writes the tax code (law), and conveniently didn't know he was supposed to pay taxes on his own foreign property, comes up with this bill to make sure other individuals pay their taxes on foreign properties. Kinda shady, eh? Charles Rangle should be indicted and imprisoned.

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  As noted by MercilessPit, a user on OpenCongress.org, on January 07, 2010, "Interesting that the senator that writes the tax code (law), and conveniently didn't know he was supposed to pay taxes on his own foreign property, comes up with this bill to make sure other individuals pay their taxes on foreign properties. Kinda shady, eh? Charles Rangle should be indicted and imprisoned."

Highly Rated Blog Articles

• Conservatives, what do you make of the Foreign Account Tax ... - September 29, 2011 by admin - http://www.govtrack.us/congress/bill.xpd?bill=s111-1934 · http://thomas.loc.gov/cgi-bin/bdquery/z?d111:s.01934: Then there is HR 3933 and it looks the same. http://www.opencongress.org/bill/111-h3933/show ...

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  As noted by admin on September 29, 2011, "http://www.govtrack.us/congress/bill.xpd?bill=s111-1934 · http://thomas.loc.gov/cgi-bin/bdquery/z?d111:s.01934: Then there is HR 3933 and it looks the same. http://www.opencongress.org/bill/111-h3933/show ..." (http://www.personalfinancepulse.com/2011/09/29/conservatives-what-do-you-make-of-the-foreign-account-tax-compliance-act-that-congress-recently-passed/)
• US tables new Anti-Tax Haven Legislation - September 12, 2010 by Anti Money Laundering Blog - 1 Jun 2010

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  As noted by Anti Money Laundering Blog on September 12, 2010, "1 Jun 2010 " (http://www.google.com/interstitial?url=http://anti-money-laundering.offshore-journals.com/us-tables-new-anti-tax-haven-legislation/524/)
• S.1934 Title: Foreign Account Tax Compliance Act - September 01, 2010 by Legislationwatch - Sponsor: Sen Baucus, Max [MT] (introduced 10/27/2009) Cosponsors (2) Related Bills: HR3933, HR4213 Latest Major Action: 10/27/2009 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance. ...

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  As noted by Legislationwatch on September 01, 2010, "Sponsor: Sen Baucus, Max [MT] (introduced 10/27/2009) Cosponsors (2) Related Bills: HR3933, HR4213 Latest Major Action: 10/27/2009 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance. ..." (http://legislationwatch.devhub.com/blog/535146-s1934-title-foreign-account-tax-compliance-act/)

Highly Rated News Articles

• The “Hiring Incentives to Restore Employment” Act of 2010 - June 21, 2010 by - On March 18, 2010, president Obama signed the "Hiring Incentives to Restore Employment Act of 2010" (the "Act") into law. This will dramatically affect most non-US financial institutions, funds and collective investment structures as well as many trustees and family offices investing through these entities by providing the IRS with "new tools to find and prosecute US individuals that hide assets overseas.

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  As noted by on June 21, 2010, "On March 18, 2010, president Obama signed the "Hiring Incentives to Restore Employment Act of 2010" (the "Act") into law. This will dramatically affect most non-US financial institutions, funds and collective investment structures as well as many trustees and family offices investing through these entities by providing the IRS with "new tools to find and prosecute US individuals that hide assets overseas." (http://www.withersworldwide.com/news-publications/705/the-hiring-incentives-to-restore-employment-act-2010.aspx)