Senate Bill Targets Corporate Inversions, Would Treat U.S.-Run Companies as American for Tax Purposes
A senate committee must act next: committee consideration.
Companion bill: Congress Proposes Bill to Stop U.S. Companies from Moving Overseas for Lower Taxes →This bill’s path across every version that has carried it.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
This bill primarily targets large multinational corporations rather than small businesses. However, small business owners could indirectly benefit if corporate inversions are curbed, since the resulting tax revenue could reduce pressure to raise taxes elsewhere, and a more level playing field means large competitors can't gain unfair tax advantages by relocating on paper to foreign countries.
Read twice and referred to the Committee on Finance. (text: CR S579-580)
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Senate Democrats reintroduced the Stop Corporate Inversions Act, a measure aimed at preventing U.S. companies from shifting their tax domicile abroad. The bill would treat merged firms as domestic if original owners retain more than 50% control of the new entity.
S.3847 (Stop Corporate Inversions Act of 2026) was flagged as potentially relevant to multinationals including Amgen; the bill would tighten rules around inversion tax treatment — a longer-term policy item to monitor but not an immediate earnings driver.
The Stop Corporate Inversions Act of 2026 would treat a combined foreign corporation as a domestic corporation if the shareholders of the former U.S. corporation own more than 50 percent of the new entity, or if the group is managed and controlled in the United States.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Stop Corporate Inversions Act of 2026
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