To amend the Internal Revenue Code of 1986 to require fairness and diversity in opportunity zone investment.

3.0.0 4999 2022-11-01T01:02:16Z 2022-11-01T01:02:16Z House HR 2019-11-08 116 [Congressional Record Volume 165, Number 179 (Friday, November 8, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. JOHNSON of Georgia:H.R. 4999.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8[Page H8740]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-11-08T18:01:50Z 2019-11-08 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-11-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-11-08 Introduced in House IntroReferral 1000 9 Library of Congress J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 N R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2019-11-08 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2019-11-18 False G000581 Rep. Gonzalez, Vicente [D-TX-15] Vicente Gonzalez D TX 15 2019-11-19 False D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2019-11-22 False D000627 Rep. Demings, Val Butler [D-FL-10] Val Demings D FL Butler 10 2019-11-22 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2020-01-13 False W000808 Rep. Wilson, Frederica S. [D-FL-24] Frederica Wilson D FL S. 24 2020-01-13 False B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2020-02-14 False Taxation Advisory bodies Business investment and capital Economic development Government information and archives Government studies and investigations Low- and moderate-income housing Performance measurement Securities Small business Taxation

00 2019-11-08 Introduced in House 2019-12-03T19:56:37Z This bill amends the Internal Revenue Code, with respect to opportunity zones, to require a qualified opportunity fund to have an investment advisory board and meet certain investment diversity and affordable housing investment requirements. The fund must also report to the congressional tax committees on how investments in opportunity zones will affect different racial and ethnic groups within the zones.

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To amend the Internal Revenue Code of 1986 to require fairness and diversity in opportunity zone investment. Display Title To amend the Internal Revenue Code of 1986 to require fairness and diversity in opportunity zone investment. Official Title as Introduced To amend the Internal Revenue Code of 1986 to require fairness and diversity in opportunity zone investment. Introduced in House IH Introduced in House 2019-11-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr4999ih/xml/BILLS-116hr4999ih.xml 2019-11-08 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.