What is the official ID of this bill?

The official print number for this legislation is S 1501.

When did the legislative process begin?

The process officially started on 2021-04-29.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/s1501/BILLS-117s1501is.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

Who is the primary sponsor?

The primary sponsor is Sen. Durbin, Richard J. [D-IL].

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Analysis and Potential Impact of S 1501

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Tax Law Changes: Stopping Corporate Tax Avoidance

Q: What are the main provisions?

Key points include: Companies moving headquarters abroad but primarily managed from the US will be treated as domestic for tax purposes. New rules apply if over 50% of the foreign company's stock is held by former US company shareholders after an acquisition. The bill defines when company management and control are considered US-based, and what constitutes "significant domestic business activities."

This bill aims to make it harder for large companies to avoid paying US taxes by moving their headquarters abroad. If a company relocates but its management and most operations remain in the US, it will still be treated as a US company for tax purposes. This could mean more government revenue for public services and fairer conditions for companies that pay their taxes domestically.

Key points

Companies moving headquarters abroad but primarily managed from the US will be treated as domestic for tax purposes.

New rules apply if over 50% of the foreign company's stock is held by former US company shareholders after an acquisition.

The bill defines when company management and control are considered US-based, and what constitutes "significant domestic business activities."

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Additional Information

Stop Corporate Inversions Act of 2021

Print number: S 1501

Sponsor: Sen. Durbin, Richard J. [D-IL]

Process start date: 2021-04-29

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash-preview-05-20

Source data: api.congress.gov

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Tax Law Changes: Stopping Corporate Tax Avoidance

Key Questions about Tax Law Changes: Stopping Corporate Tax Avoidance