# 117-hr-2847: To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.

117-hr-2847, To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes., is a 117th Congress bill sponsored by Rep. Moore, Gwen [D-WI-4] (D-WI); status Referred to the House Committee on Ways and Means. (as of 2026-10-15).

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- As of: 2026-10-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-2847
- Congress: 117
- Title: To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2021-04-26
- Sponsor: Rep. Moore, Gwen [D-WI-4] (D-WI)
- Cosponsors: 4
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2026-10-15

## Summary

To amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations, and for other purposes.

## Cosponsors (4)

- Rep. Ferguson, A. Drew, IV [R-GA-3] (R-GA), 2021-04-26T00:00:00.000Z
- Rep. Schneider, Bradley Scott [D-IL-10] (D-IL), 2021-04-26T00:00:00.000Z
- Rep. Estes, Ron [R-KS-4] (R-KS), 2021-04-26T00:00:00.000Z
- Rep. McBath, Lucy [D-GA-6] (D-GA), 2021-05-11T00:00:00.000Z

## Related bills

- 117-hr-8876: Jackie Walorski Maternal and Child Home Visiting Reauthorization Act of 2022
- 117-hres-881: Condemning the heinous terrorist attack on Congregation Beth Israel in Colleyville, Texas, on January 15, 2022.
- 117-hr-3642: Harlem Hellfighters Congressional Gold Medal Act
- 117-hr-3630: Lymphedema Treatment Act
- 117-hr-3173: Improving Seniors’ Timely Access to Care Act of 2022
- 117-hr-2573: Affordable Housing Credit Improvement Act of 2021

## Sources
- [117-hr-2847 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/2847)

## Related
- [117-hr-8876: Jackie Walorski Maternal and Child Home Visiting Reauthorization Act of 2022](https://policyrisk.com/legislation/117-hr-8876)
- [117-hres-881: Condemning the heinous terrorist attack on Congregation Beth Israel in Colleyvi…](https://policyrisk.com/legislation/117-hres-881)
- [117-hr-3642: Harlem Hellfighters Congressional Gold Medal Act](https://policyrisk.com/legislation/117-hr-3642)
- [117-hr-3630: Lymphedema Treatment Act](https://policyrisk.com/legislation/117-hr-3630)
- [117-hr-3173: Improving Seniors’ Timely Access to Care Act of 2022](https://policyrisk.com/legislation/117-hr-3173)
- [117-hr-2573: Affordable Housing Credit Improvement Act of 2021](https://policyrisk.com/legislation/117-hr-2573)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-2847 (as of 2026-10-15).