[Congressional Record Volume 169, Number 200 (Tuesday, December 5, 2023)]
[House]
[Page H6133]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                CLOSING ACT 22 AND FEDERAL TAX LOOPHOLES

  (Mrs. RAMIREZ asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Mrs. RAMIREZ. Mr. Speaker, I rise today to speak on a crisis of 
displacement, tax evasion, and lack of housing affordability that is 
directly affecting our communities, including the people of Illinois' 
Third Congressional District and their families.
  Because of Act 22 and Federal tax loopholes, Puerto Rico is the only 
place where a wealthy American with no tie to the island can move and 
evade paying any Federal taxes--taxes that represent essential funds 
for safety net programs and critical infrastructure in our districts.
  While those Americans seek out a tax shelter in Puerto Rico, they are 
driving up the price of rent by 600 percent, privatizing lands that 
belong to the people, robbing Puerto Ricans of affordable housing, and 
driving the second largest migration that the island has seen.
  Congress has a responsibility to close the Act 22 loophole that is 
hurting Puerto Rico and depriving our districts of vital services.

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