# 116-hr-7772: Tax Parity for U.S. Mutual Funds Act of 2020

116-hr-7772, Tax Parity for U.S. Mutual Funds Act of 2020, is a 116th Congress bill sponsored by Rep. Davis, Danny K. [D-IL-7] (D-IL); status Referred to the Subcommittee on Select Revenue Measures. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-7772
- 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-7772
- Congress: 116
- Title: Tax Parity for U.S. Mutual Funds Act of 2020
- Status: Referred to the Subcommittee on Select Revenue Measures.
- Introduced: 2020-07-24
- Sponsor: Rep. Davis, Danny K. [D-IL-7] (D-IL)
- Cosponsors: 4
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (4)

- Rep. Marchant, Kenny [R-TX-24] (R-TX), 2020-07-24T00:00:00.000Z
- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY), 2020-07-24T00:00:00.000Z
- Rep. Estes, Ron [R-KS-4] (R-KS), 2020-07-24T00:00:00.000Z
- Rep. Pascrell, Bill, Jr. [D-NJ-9] (D-NJ), 2020-10-01T00:00:00.000Z

## Related bills

- 116-hr-1108: Aviation Funding Stability Act of 2019
- 116-hr-748: CARES Act
- 116-hr-737: Shark Fin Sales Elimination Act of 2019
- 116-hr-8696: Securing a Strong Retirement Act of 2020
- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act
- 116-hr-7481: RESTART Act

## Sources
- [116-hr-7772 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7772)

## Related
- [116-hr-1108: Aviation Funding Stability Act of 2019](https://policyrisk.com/legislation/116-hr-1108)
- [116-hr-748: CARES Act](https://policyrisk.com/legislation/116-hr-748)
- [116-hr-737: Shark Fin Sales Elimination Act of 2019](https://policyrisk.com/legislation/116-hr-737)
- [116-hr-8696: Securing a Strong Retirement Act of 2020](https://policyrisk.com/legislation/116-hr-8696)
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [116-hr-7481: RESTART Act](https://policyrisk.com/legislation/116-hr-7481)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7772 (as of 2025-11-18).