# 114-hr-5935: To repeal the violation of sovereign nations' laws and privacy matters.

114-hr-5935, To repeal the violation of sovereign nations' laws and privacy matters., is a 114th Congress bill sponsored by Rep. Meadows, Mark [R-NC-11] (R-NC); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-5935
- 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-5935
- Congress: 114
- Title: To repeal the violation of sovereign nations' laws and privacy matters.
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-09-06
- Sponsor: Rep. Meadows, Mark [R-NC-11] (R-NC)
- Cosponsors: 4
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill amends the Internal Revenue Code, with respect to tax administration requirements for foreign-source income and assets, to repeal:  (1) withholding requirements for payments to foreign financial institutions and other foreign entities, (2) information reporting for foreign financial assets, (3) penalties for underpayments of tax attributable to undisclosed foreign financial assets, (4) reporting requirements for shareholders of a passive foreign investment company and U.S. owners of foreign trusts, and (5) the additional penalty for failure to file required notices and information returns for certain foreign trusts.

## Cosponsors (4)

- Rep. Mulvaney, Mick [R-SC-5] (R-SC), 2016-09-06T00:00:00.000Z
- Rep. Duncan, Jeff [R-SC-3] (R-SC), 2016-09-06T00:00:00.000Z
- Rep. Schweikert, David [R-AZ-1] (R-AZ), 2016-09-08T00:00:00.000Z
- Rep. Sanford, Mark [R-SC-1] (R-SC), 2016-09-22T00:00:00.000Z

## Related bills

- 114-hr-5499: Agency Accountability Act of 2016
- 114-hr-4773: Protecting Workplace Advancement and Opportunity Act
- 114-hr-4352: Faster Care for Veterans Act of 2016
- 114-hr-3134: Defund Planned Parenthood Act of 2015
- 114-hr-2903: Craft Beverage Modernization and Tax Reform Act of 2015
- 114-hr-2802: First Amendment Defense Act

## Sources
- [114-hr-5935 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/5935)

## Related
- [114-hr-5499: Agency Accountability Act of 2016](https://policyrisk.com/legislation/114-hr-5499)
- [114-hr-4773: Protecting Workplace Advancement and Opportunity Act](https://policyrisk.com/legislation/114-hr-4773)
- [114-hr-4352: Faster Care for Veterans Act of 2016](https://policyrisk.com/legislation/114-hr-4352)
- [114-hr-3134: Defund Planned Parenthood Act of 2015](https://policyrisk.com/legislation/114-hr-3134)
- [114-hr-2903: Craft Beverage Modernization and Tax Reform Act of 2015](https://policyrisk.com/legislation/114-hr-2903)
- [114-hr-2802: First Amendment Defense Act](https://policyrisk.com/legislation/114-hr-2802)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-5935 (as of 2025-11-18).