86th Congress > House > Vote 130

Date: 1960-05-18

Result: 160-232

Vote Subject Matter: Foreign and Defense Policy / Foreign Policy Budget

Sponsor: PELLY, Thomas Minor (R-WA)

Bill number: HR5

Description: HR 5. FOREIGN INVESTMENT INCENTIVE TAX ACT OF 1960, DEFERRING TAX PAYMENTS ON EARNINGS OF U.S.-OWNED FOREIGN BUSINESS CORPORATIONS IN UNDERDEVELOPED COUNTRIES UNTIL THE MONEY IS RETURNED TO THIS COUNTRY. PELLY-GROSS MOTION TO STRIKE THE ENACTING CLAUSE.

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