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116-hr-7772116th Congress

Tax Parity for U.S. Mutual Funds Act of 2020

Sponsored By: Representative Davis, Danny K. [D-IL-7]

Unknown

Summary

Tax Parity for U.S. Mutual Funds Act of 2020 This bill establishes international regulated investment companies (IRICs) and specifies rules for the taxation of such companies. 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

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Davis, Danny K. [D-IL-7]

IL • D

Cosponsors

  • Rep. Marchant, Kenny [R-TX-24]

    TX • R

    Sponsored 7/24/2020

  • Rep. Suozzi, Thomas R. [D-NY-3]

    NY • D

    Sponsored 7/24/2020

  • Rep. Estes, Ron [R-KS-4]

    KS • R

    Sponsored 7/24/2020

  • Rep. Pascrell, Bill, Jr. [D-NJ-9]

    NJ • D

    Sponsored 10/1/2020

Roll Call Votes

No roll call votes available for this bill.

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