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115-hr-6726115th Congress

Invest in America Act

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

Unknown

Summary

Invest in America Act This bill amends the Internal Revenue Code to repeal several provision that were added by the Foreign Investment in Real Property Tax Act of 1980. The bill repeals provisions that imposed: (1) capital gains taxes on dispositions of investments in U.S. real property by foreign citizens, and (2) related tax withholding and reporting requirements.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Marchant, Kenny [R-TX-24]

TX • R

Cosponsors

  • JOSEPH CROWLEY

    NY • D

    Sponsored 9/6/2018

  • Rep. Blumenauer, Earl [D-OR-3]

    OR • D

    Sponsored 11/9/2018

  • Rep. Holding, George [R-NC-2]

    NC • R

    Sponsored 11/14/2018

Roll Call Votes

No roll call votes available for this bill.

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