118th Congress · HOUSE BILLBILL

H.R. 4938 — Disclosure of Tax Havens and Offshoring Act

“To amend the Securities Act of 1934 to require country-by-country reporting.”

Finance and financial sector

Introduced Jul 26, 2023

Last action Jul 26, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jul 26, 2023

Step 2

Referred

Jul 26, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires certain members of a multinational enterprise group that are also issuers of securities to annually disclose information related to the tax jurisdiction, income, and assets of their constituent entities on a country-by-country basis. (Multinational enterprise groups have two or more entities with different tax jurisdictions.)

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jul 26, 2023

Introduced in House

Jul 26, 2023

Referred to the House Committee on Financial Services.