# 116-hr-5240: To amend the Internal Revenue Code of 1986 to make the look-thru rule for related controlled foreign corporations permanent.

116-hr-5240, To amend the Internal Revenue Code of 1986 to make the look-thru rule for related controlled foreign corporations permanent., is a 116th Congress bill sponsored by Rep. Kind, Ron [D-WI-3] (D-WI); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-5240
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-5240
- Congress: 116
- Title: To amend the Internal Revenue Code of 1986 to make the look-thru rule for related controlled foreign corporations permanent.
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2019-11-21
- Sponsor: Rep. Kind, Ron [D-WI-3] (D-WI)
- Cosponsors: 14
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill amends the Internal Revenue Code to make permanent the tax rule exempting dividends, interest, rents, and royalties received or accrued from certain controlled foreign corporations by a related entity from treatment as foreign holding company income (thus permitting tax deferral of such income).

## Cosponsors (14)

- Rep. Holding, George [R-NC-2] (R-NC), 2019-11-21T00:00:00.000Z
- Rep. Moore, Gwen [D-WI-4] (D-WI), 2019-11-21T00:00:00.000Z
- Rep. Walorski, Jackie [R-IN-2] (R-IN), 2019-11-21T00:00:00.000Z
- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY), 2019-11-21T00:00:00.000Z
- Rep. LaHood, Darin [R-IL-16] (R-IL), 2019-11-21T00:00:00.000Z
- Rep. Higgins, Brian [D-NY-26] (D-NY), 2019-11-21T00:00:00.000Z
- Rep. Ferguson, A. Drew, IV [R-GA-3] (R-GA), 2019-11-21T00:00:00.000Z
- Rep. Larson, John B. [D-CT-1] (D-CT), 2019-11-21T00:00:00.000Z
- Rep. Estes, Ron [R-KS-4] (R-KS), 2019-11-21T00:00:00.000Z
- Rep. Sewell, Terri A. [D-AL-7] (D-AL), 2019-11-21T00:00:00.000Z
- Rep. Schneider, Bradley Scott [D-IL-10] (D-IL), 2019-11-21T00:00:00.000Z
- Rep. Smith, Jason [R-MO-8] (R-MO), 2019-11-21T00:00:00.000Z
- Rep. Schweikert, David [R-AZ-1] (R-AZ), 2019-11-29T00:00:00.000Z
- Rep. Arrington, Jodey C. [R-TX-19] (R-TX), 2020-01-07T00:00:00.000Z

## Related bills

- 116-hr-4305: PAWS for Veterans Therapy Act
- 116-hr-3495: Improve Well-Being for Veterans Act
- 116-hr-8696: Securing a Strong Retirement Act of 2020
- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act
- 116-hr-1108: Aviation Funding Stability Act of 2019
- 116-hr-5826: Consumer Protections Against Surprise Medical Bills Act of 2020

## Sources
- [116-hr-5240 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/5240)

## Related
- [116-hr-4305: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/116-hr-4305)
- [116-hr-3495: Improve Well-Being for Veterans Act](https://policyrisk.com/legislation/116-hr-3495)
- [116-hr-8696: Securing a Strong Retirement Act of 2020](https://policyrisk.com/legislation/116-hr-8696)
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [116-hr-1108: Aviation Funding Stability Act of 2019](https://policyrisk.com/legislation/116-hr-1108)
- [116-hr-5826: Consumer Protections Against Surprise Medical Bills Act of 2020](https://policyrisk.com/legislation/116-hr-5826)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-5240 (as of 2025-11-18).