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    <number>4598</number>
    <updateDate>2022-11-01T13:49:44Z</updateDate>
    <updateDateIncludingText>2023-09-28T16:27:10Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2019-10-01</introducedDate>
    <congress>116</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 165, Number 158 (Tuesday, October 1, 2019)][House]From the Congressional Record Online through the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]By Mr. SUOZZI:H.R. 4598.Congress has the power to enact this legislation pursuantto the following:Article I Section 8--``To make all Laws which shall benecessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.''[Page H8089]</pre>]]></constitutionalAuthorityStatementText>
    <committees>
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        <systemCode>hswm00</systemCode>
        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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            <name>Referred to</name>
            <date>2019-10-01T13:00:32Z</date>
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      <item>
        <actionDate>2019-10-01</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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            <name>Ways and Means Committee</name>
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        <actionDate>2019-10-01</actionDate>
        <text>Introduced in House</text>
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        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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        <actionDate>2019-10-01</actionDate>
        <text>Introduced in House</text>
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        <actionCode>1000</actionCode>
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    <sponsors>
      <item>
        <bioguideId>S001201</bioguideId>
        <fullName>Rep. Suozzi, Thomas R. [D-NY-3]</fullName>
        <firstName>Thomas</firstName>
        <lastName>Suozzi</lastName>
        <party>D</party>
        <state>NY</state>
        <middleName>R.</middleName>
        <district>3</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>H001065</bioguideId>
        <fullName>Rep. Holding, George [R-NC-2]</fullName>
        <firstName>George</firstName>
        <lastName>Holding</lastName>
        <party>R</party>
        <state>NC</state>
        <district>2</district>
        <sponsorshipDate>2019-10-01</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Employee benefits and pensions</name>
        </item>
        <item>
          <name>Financial services and investments</name>
        </item>
        <item>
          <name>Foreign and international corporations</name>
        </item>
        <item>
          <name>Income tax exclusion</name>
        </item>
        <item>
          <name>Real estate business</name>
        </item>
        <item>
          <name>Taxation of foreign income</name>
        </item>
        <item>
          <name>U.S. and foreign investments</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2019-10-01</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2019-10-09T12:10:45Z</updateDate>
        <text><![CDATA[ <p>This bill exempts interests held by certain foreign insurance companies from provisions of the Foreign Investment in Real Property Tax Act of 1980 that tax foreign individuals or corporations on dispositions of investments in U.S. real property interests.</p>]]></text>
      </summary>
    </summaries>
    <title>To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies.</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies.</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2019-10-01T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-116hr4598ih/xml/BILLS-116hr4598ih.xml</url>
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        </formats>
      </item>
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    <latestAction>
      <actionDate>2019-10-01</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
    </latestAction>
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    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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