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116-hr-6648116th Congress
Territorial Economic Recovery Act
Sponsored By: Representative Plaskett, Stacey E. [D-VI-At Large]
Unknown
Summary
Territorial Economic Recovery Act This bill restores the favorable tax treatment of investment in U.S. territories and possessions. It treats such investment as domestic rather than foreign investment and requires investors to have an active trade or business in a U.S. territory or possession with a certain percentage of income derived from such territory or possession.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Plaskett, Stacey E. [D-VI-At Large]
VI • D
Cosponsors
Rep. Velázquez, Nydia M. [D-NY-7]
NY • D
Sponsored 5/1/2020
Rep. Clarke, Yvette D. [D-NY-9]
NY • D
Sponsored 5/22/2020
Rep. Espaillat, Adriano [D-NY-13]
NY • D
Sponsored 5/22/2020
Rep. Maloney, Carolyn B. [D-NY-12]
NY • D
Sponsored 5/22/2020
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov