# 114-hr-5261: Protecting the U.S. Corporate Tax Base Act of 2016

114-hr-5261, Protecting the U.S. Corporate Tax Base Act of 2016, is a 114th Congress bill sponsored by SANDER LEVIN (D-MI); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-5261
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-5261
- Congress: 114
- Title: Protecting the U.S. Corporate Tax Base Act of 2016
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-05-17
- Sponsor: SANDER LEVIN (D-MI)
- Cosponsors: 6
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Protecting the U.S. Corporate Tax Base Act of 2016 This bill amends the Internal Revenue Code to revise the rules for taxing the earnings and determining the stock ownership of certain controlled foreign corporations (CFCs). The bill provides that, in the case of certain CFCs, subpart F income (income of a CFC earned outside the United States that is not tax deferred) includes a U.S. shareholder's pro rata share of any increase in the CFC's investment of earnings in certain foreign property. The bill also revises the rules for determining stock ownership to prohibit a CFC from transferring stock to a foreign affiliate to reduce the portion of stock owned by U.S. shareholders below the level required to be considered a CFC.

## Cosponsors (6)

- Sen. Van Hollen, Chris [D-MD] (D-MD), 2016-05-17T00:00:00.000Z
- CHARLES RANGEL (D-NY), 2016-05-17T00:00:00.000Z
- JIM MCDERMOTT (D-WA), 2016-05-17T00:00:00.000Z
- Rep. Thompson, Mike [D-CA-4] (D-CA), 2016-05-17T00:00:00.000Z
- Rep. Pascrell, Bill, Jr. [D-NJ-9] (D-NJ), 2016-05-17T00:00:00.000Z
- Rep. Davis, Danny K. [D-IL-7] (D-IL), 2016-05-17T00:00:00.000Z

## Related bills

- 114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Doby in recognition of his achievements and contributions to American major league…
- 114-hr-5125: Corporate EXIT Fairness Act
- 114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika virus.
- 114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act
- 114-hr-4521: Lake Berryessa Recreation Enhancement Act of 2016
- 114-hr-4479: Families of Flint Act

## Sources
- [114-hr-5261 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/5261)

## Related
- [114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Dob…](https://policyrisk.com/legislation/114-hr-5621)
- [114-hr-5125: Corporate EXIT Fairness Act](https://policyrisk.com/legislation/114-hr-5125)
- [114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika viru…](https://policyrisk.com/legislation/114-hr-5044)
- [114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-4592)
- [114-hr-4521: Lake Berryessa Recreation Enhancement Act of 2016](https://policyrisk.com/legislation/114-hr-4521)
- [114-hr-4479: Families of Flint Act](https://policyrisk.com/legislation/114-hr-4479)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-5261 (as of 2025-11-18).