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S. 2253: Financial Disclosure to Reduce Tax Haven Abuse Act of 2012

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S. 2253: Financial Disclosure to Reduce Tax Haven Abuse Act of 2012

112th Congress · introduced 2012-03-29 · Government Operations and Politics · Latest: Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (text of measure as introduced: CR S2247)

federal

Follow this bill, step by step

  1. Where it came from: introduced 2012-03-29 · official record
  2. Who proposed it: Sen. Durbin, Richard J. [D-IL] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (text of measure as introduced: CR S2247) Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Financial Disclosure to Reduce Tax Haven Abuse Act of 2012

Plain summary

Financial Disclosure to Reduce Tax Haven Abuse Act of 2012 - Amends the Ethics in Government Act of 1978 to require individuals subject to the disclosure requirements of such Act (and their spouses) to provide a specific accounting of any financial interest which they hold in a country that is listed as a tax haven by the Secretary of the Treasury. Requires the Secretary, in compiling a list of tax havens, to consider including those jurisdictions which have been identified by the Internal Revenue Service (IRS) as secrecy jurisdictions in federal court proceedings.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Financial Disclosure to Reduce Tax Haven Abuse Act of 2012

Source: Congressional Research Service summary (Introduced in Senate)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Durbin, Richard J. [D-IL] · 2 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Sponsor's campaign money: Sen. Durbin, Richard J. [D-IL] reported raising $84,084 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Sources

Record fed-us-cong112-s2253 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112