3.0.0 7772 2023-01-11T13:45:50Z 2023-01-11T13:45:50Z House HR 2020-07-24 116 [Congressional Record Volume 166, Number 131 (Friday, July 24, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DANNY K. DAVIS of Illinois:H.R. 7772.Congress has the power to enact this legislation pursuantto the following:Article I of the Constitution and its subsequent amendmentsand further clarified and interpreted by the Supreme Court ofthe United States.[Page H3859]]]> hswm00 Ways and Means Committee House Standing hswm05 Tax Subcommittee Referred to 2020-07-24T14:26:03Z Referred to 2020-07-24T13:03:20Z 2020-07-24 hswm05 Tax Subcommittee 1 House committee actions Referred to the Subcommittee on Select Revenue Measures. Committee 2020-07-24 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2020-07-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-07-24 Introduced in House IntroReferral 1000 9 Library of Congress D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 N M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2020-07-24 True S001201 Rep. Suozzi, Thomas R. [D-NY-3] Thomas Suozzi D NY R. 3 2020-07-24 True E000298 Rep. Estes, Ron [R-KS-4] Ron Estes R KS 4 2020-07-24 True P000096 Rep. Pascrell, Bill, Jr. [D-NJ-9] WILLIAM PASCRELL D NJ J. 9 2020-10-01 False 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 2020-07-24 Introduced in House 2020-09-03T15:38:33Z Tax Parity for U.S. Mutual Funds Act of 2020

This bill establishes international regulated investment companies (IRICs) and specifies rules for the taxation of such companies. 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.

]]> Tax Parity for U.S. Mutual Funds Act of 2020 Display Title Tax Parity for U.S. Mutual Funds Act of 2020 Short Title(s) as Introduced Tax Parity for U.S. Mutual Funds Act of 2020 Introduced in House IH Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for International Regulated Investment Companies. Introduced in House IH Introduced in House 2020-07-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7772ih/xml/BILLS-116hr7772ih.xml 2020-07-24 Referred to the Subcommittee on Select Revenue Measures. 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.