# 115-hr-4045: ROOT for Mainstreet Businesses Act

115-hr-4045, ROOT for Mainstreet Businesses Act, is a 115th Congress bill sponsored by Rep. Barr, Andy [R-KY-6] (R-KY); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/115-hr-4045
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 115-hr-4045
- Congress: 115
- Title: ROOT for Mainstreet Businesses Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2017-10-12
- Sponsor: Rep. Barr, Andy [R-KY-6] (R-KY)
- Cosponsors: 4
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Removing Onerous Obstacles in the Tax code for Mainstreet Businesses Act or the ROOT for Mainstreet Businesses Act This bill amends the Internal Revenue Code to modify the tax treatment of personal holding companies. The bill excludes from the definition of "personal holding company" a corporation with greater than 50% stock ownership held by nonresident alien individuals with no effectively connected income under tax provisions regarding expatriation to avoid tax or the taxation of nonresident alien individuals. The bill also excludes from personal holding company income certain rents and royalties that are derived in the active conduct of a trade or business and are not received from a related person.

## Cosponsors (4)

- PATRICK TIBERI (R-OH), 2017-10-12T00:00:00.000Z
- Rep. Bishop, Mike [R-MI-8] (R-MI), 2018-02-06T00:00:00.000Z
- Rep. Wenstrup, Brad R. [R-OH-2] (R-OH), 2018-03-01T00:00:00.000Z
- Rep. Reichert, David G. [R-WA-8] (R-WA), 2018-03-29T00:00:00.000Z

## Related bills

- 115-hr-1861: Larry Doby Congressional Gold Medal Act
- 115-hr-849: Protecting Seniors Access to Medicare Act
- 115-hr-184: Protect Medical Innovation Act of 2018
- 115-hr-5813: ROOT for Mainstreet Businesses Act of 2018
- 115-hr-5499: Stephen Michael Gleason Congressional Gold Medal Act
- 115-hr-3641: Free File Permanence Act of 2017

## Sources
- [115-hr-4045 on Congress.gov](https://www.congress.gov/bill/115th-congress/house-bill/4045)

## Related
- [115-hr-1861: Larry Doby Congressional Gold Medal Act](https://policyrisk.com/legislation/115-hr-1861)
- [115-hr-849: Protecting Seniors Access to Medicare Act](https://policyrisk.com/legislation/115-hr-849)
- [115-hr-184: Protect Medical Innovation Act of 2018](https://policyrisk.com/legislation/115-hr-184)
- [115-hr-5813: ROOT for Mainstreet Businesses Act of 2018](https://policyrisk.com/legislation/115-hr-5813)
- [115-hr-5499: Stephen Michael Gleason Congressional Gold Medal Act](https://policyrisk.com/legislation/115-hr-5499)
- [115-hr-3641: Free File Permanence Act of 2017](https://policyrisk.com/legislation/115-hr-3641)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/115-hr-4045 (as of 2025-11-18).