Mr. Schumer (for himself, Mr. Casey, Mr. Blumenthal, and Mr. Harkin) introduced the following bill; which was read twice and referred to the Committee on Finance
Introduced in Senate (IS)
To amend the Internal Revenue Code of 1986 to provide that persons renouncing citizenship for a substantial tax avoidance purpose shall be subject to tax and withholding on capital gains, to provide that such persons shall not be admissible to the United States, and for other purposes.
Charles E. Schumer
Robert P. Casey Jr.
(PA); Richard Blumenthal
(CT); Tom Harkin
Committee on Finance (Standing)
United States Code References
8 U.S.C. 1101
732 North Capitol Street, NW, Washington, DC 20401-0001