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115-hr-4204115th Congress

International Regulated Investment Company Act of 2017

Sponsored By: Representative Marchant, Kenny [R-TX-24]

Unknown

Summary

International Regulated Investment Company Act of 2017 This bill amends the Internal Revenue Code to provide for international regulated investment companies (IRICs) and specify rules for the taxation of IRICs. 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.

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Bill Overview

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Sponsors & CoSponsors

Sponsor

Marchant, Kenny [R-TX-24]

TX • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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