3.0.0 6726 2023-01-11T13:41:35Z 2023-01-11T13:41:35Z House HR 2018-09-06 115 [Congressional Record Volume 164, Number 148 (Thursday, September 6, 2018)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MARCHANT:H.R. 6726.Congress has the power to enact this legislation pursuantto the following:Article I Section 8 of the U.S. Constitution, which givesCongress the ``power to lay and collect taxes, duties,imposts and excises.''[Page H7920]]]> hswm00 Ways and Means Committee House Standing Referred to 2018-09-06T14:02:15Z 2018-09-06 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2018-09-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-09-06 Introduced in House IntroReferral 1000 9 Library of Congress M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 N C001038 Rep. Crowley, Joseph [D-NY-14] JOSEPH CROWLEY D NY 14 2018-09-06 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2018-11-09 False H001065 Rep. Holding, George [R-NC-2] George Holding R NC 2 2018-11-14 False Taxation Capital gains tax Foreign and international corporations Real estate business Tax administration and collection, taxpayers Taxation of foreign income U.S. and foreign investments Taxation 00 2018-09-06 Introduced in House 2019-03-26T14:53:02Z Invest in America Act

This bill amends the Internal Revenue Code to repeal several provision that were added by the Foreign Investment in Real Property Tax Act of 1980. The bill repeals provisions that imposed: (1) capital gains taxes on dispositions of investments in U.S. real property by foreign citizens, and (2) related tax withholding and reporting requirements.

]]> Invest in America Act Display Title Invest in America Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to repeal certain provisions applicable to foreign investment in United States real property. Introduced in House IH Short Titles as Introduced Invest in America Act Introduced in House 2018-09-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr6726ih/xml/BILLS-115hr6726ih.xml 2018-09-06 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.