3.0.0 4204 2023-01-11T13:38:09Z 2023-01-11T13:38:09Z House HR 2017-11-01 115 [Congressional Record Volume 163, Number 177 (Wednesday, November 1, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MARCHANT:H.R. 4204.Congress has the power to enact this legislation pursuantto the following:U.S. Constitution Art. I Sec. 8 cl. 1, under the ``Power Tolay and collect Taxes'';Amd. 16, under the ``power to lay and collect taxes onincomes, from whatever source derived, without apportionmentamong the several States, and without regard to any census orenumeration''; andArt. I Sec. 8 cl. 18, under the power ``To make all Lawswhich shall be necessary and proper for carrying intoExecution the foregoing Powers, and all other Powers vestedby this Constitution in the Government of the United States,or in any Department or Officer thereof.''[Page H8385]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-11-01T14:00:49Z 2017-11-01 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-11-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-11-01 Introduced in House IntroReferral 1000 9 Library of Congress M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 N Taxation Employee benefits and pensions Financial services and investments Foreign and international corporations Securities Taxation of foreign income U.S. and foreign investments Taxation 00 2017-11-01 Introduced in House 2018-06-12T15:05:30Z International Regulated Investment Company Act of 2017

This bill amends the Internal Revenue Code to provide for international regulated investment companies (IRICs) and specify rules for the taxation of IRICs. An IRIC is a regulated investment company (i.e., a mutual fund) that has all of its outstanding stock held by foreign shareholders, including nonresident alien individuals (and their foreign estates) and qualified foreign pension funds, and meets other specified requirements.

]]> International Regulated Investment Company Act of 2017 Display Title International Regulated Investment Company Act of 2017 Short Titles as Introduced International Regulated Investment Company Act of 2017 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for International Regulated Investment Companies. Introduced in House 2017-11-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4204ih/xml/BILLS-115hr4204ih.xml 2017-11-01 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.