# 116-hr-6648: Territorial Economic Recovery Act

116-hr-6648, Territorial Economic Recovery Act, is a 116th Congress bill sponsored by Del. Plaskett, Stacey E. [D-VI-At Large] (D-VI); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-6648
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-6648
- Congress: 116
- Title: Territorial Economic Recovery Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2020-05-01
- Sponsor: Del. Plaskett, Stacey E. [D-VI-At Large] (D-VI)
- Cosponsors: 4
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (4)

- Rep. Velázquez, Nydia M. [D-NY-7] (D-NY), 2020-05-01T00:00:00.000Z
- Rep. Clarke, Yvette D. [D-NY-9] (D-NY), 2020-05-22T00:00:00.000Z
- Rep. Espaillat, Adriano [D-NY-13] (D-NY), 2020-05-22T00:00:00.000Z
- Rep. Maloney, Carolyn B. [D-NY-12] (D-NY), 2020-05-22T00:00:00.000Z

## Related bills

- 116-hr-8015: Delivering for America Act
- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act
- 116-hr-7197: RESTAURANTS Act of 2020
- 116-hr-2: Moving Forward Act
- 116-hr-7120: George Floyd Justice in Policing Act of 2020
- 116-hr-6902: Black History is American History Act

## Sources
- [116-hr-6648 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/6648)

## Related
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [116-hr-7197: RESTAURANTS Act of 2020](https://policyrisk.com/legislation/116-hr-7197)
- [116-hr-2: Moving Forward Act](https://policyrisk.com/legislation/116-hr-2)
- [116-hr-7120: George Floyd Justice in Policing Act of 2020](https://policyrisk.com/legislation/116-hr-7120)
- [116-hr-6902: Black History is American History Act](https://policyrisk.com/legislation/116-hr-6902)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-6648 (as of 2025-11-18).