Emacs has a gazillion commands, so there could well be one that does exactly that.
What I do in such a situation is mark my spot (with ctrl-space), then do a forward search (ctrl-s) and type in what I'm searching for (in your case an end-paren, but it could be something more verbose like Pascal's "end My_Procedure_Name;"). That will select all the text from where I marked up to where it found the search pattern. Then I ctrl-k to cut the text into the kill buffer.
In short:
ctrl-space
ctrl-s
) return
ctrl-k
(and a ctrl-_
if you want to keep the text where it is too).
There may be quicker/better/etc. ways, but that's the subset of emacs commands I know well enough to do without having to stop to think about it.