# 114-hr-5545: Preventing Investment in Terrorist Regimes Act

114-hr-5545, Preventing Investment in Terrorist Regimes Act, is a 114th Congress bill sponsored by Rep. Boustany, Charles W., Jr. [R-LA-3] (R-LA); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-5545
- 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-5545
- Congress: 114
- Title: Preventing Investment in Terrorist Regimes Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-06-21
- Sponsor: Rep. Boustany, Charles W., Jr. [R-LA-3] (R-LA)
- Cosponsors: 12
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Preventing Investment in Terrorist Regimes Act This bill amends the Internal Revenue Code to modify the rules that apply to income derived from foreign countries designated as sponsors of international terrorism or with whom the United States does not have diplomatic relations. The bill: (1) disallows a foreign tax credit for taxes paid to any country on income derived from one of the countries subject to the rules, (2) denies a deduction for the disallowed foreign tax credits, (3) doubles the tax rate on income derived from the countries subject to the rules, (4) and expands the definition of income derived from the countries. The bill also eliminates the authority of the President to waive the denial of foreign tax credits with respect to taxes paid or accrued to a country that the Department of State has designated as a foreign country that repeatedly provides support for international terrorism. (Under current law, a waiver is permitted if the President determines that it is in the national interest of the United States and will expand trade and investment opportunities for U.S. companies in the country.)

## Cosponsors (12)

- Rep. Roskam, Peter J. [R-IL-6] (R-IL), 2016-06-21T00:00:00.000Z
- PATRICK TIBERI (R-OH), 2016-06-21T00:00:00.000Z
- Rep. Buchanan, Vern [R-FL-16] (R-FL), 2016-06-21T00:00:00.000Z
- SAM JOHNSON (R-TX), 2016-06-21T00:00:00.000Z
- Rep. Reichert, David G. [R-WA-8] (R-WA), 2016-06-21T00:00:00.000Z
- Sen. Young, Todd [R-IN] (R-IN), 2016-06-21T00:00:00.000Z
- Rep. Nunes, Devin [R-CA-22] (R-CA), 2016-06-21T00:00:00.000Z
- Rep. Black, Diane [R-TN-6] (R-TN), 2016-06-21T00:00:00.000Z
- Rep. Polis, Jared [D-CO-2] (D-CO), 2016-07-07T00:00:00.000Z
- Rep. Renacci, James B. [R-OH-16] (R-OH), 2016-07-14T00:00:00.000Z
- Rep. Smith, Adrian [R-NE-3] (R-NE), 2016-07-14T00:00:00.000Z
- Rep. Marchant, Kenny [R-TX-24] (R-TX), 2016-09-20T00:00:00.000Z

## Related bills

- 114-hr-3929: Office of Strategic Services Congressional Gold Medal Act
- 114-hr-3442: Debt Management and Fiscal Responsibility Act of 2015
- 114-hr-2911: Small Business Healthcare Relief Act
- 114-hr-2400: SIGMA Act of 2015
- 114-hr-1624: Protecting Affordable Coverage for Employees Act
- 114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015

## Sources
- [114-hr-5545 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/5545)

## Related
- [114-hr-3929: Office of Strategic Services Congressional Gold Medal Act](https://policyrisk.com/legislation/114-hr-3929)
- [114-hr-3442: Debt Management and Fiscal Responsibility Act of 2015](https://policyrisk.com/legislation/114-hr-3442)
- [114-hr-2911: Small Business Healthcare Relief Act](https://policyrisk.com/legislation/114-hr-2911)
- [114-hr-2400: SIGMA Act of 2015](https://policyrisk.com/legislation/114-hr-2400)
- [114-hr-1624: Protecting Affordable Coverage for Employees Act](https://policyrisk.com/legislation/114-hr-1624)
- [114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015](https://policyrisk.com/legislation/114-hr-1190)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-5545 (as of 2025-11-18).