# 117-hr-9044: To amend the Internal Revenue Code of 1986 to create a safe harbor for certain perpetual trust funds.

117-hr-9044, To amend the Internal Revenue Code of 1986 to create a safe harbor for certain perpetual trust funds., is a 117th Congress bill sponsored by Rep. Doggett, Lloyd [D-TX-37] (D-TX); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-9044
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-9044
- Congress: 117
- Title: To amend the Internal Revenue Code of 1986 to create a safe harbor for certain perpetual trust funds.
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2022-09-29
- Sponsor: Rep. Doggett, Lloyd [D-TX-37] (D-TX)
- Cosponsors: 13
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill creates a safe harbor for certain perpetual trust funds. It excludes from the definition of investment property under arbitrage provisions any fund created and controlled by a state and established pursuant to its constitution or state law if on a specified date, substantially all of the assets of the fund consist of nonfinancial assets and the assets are used only to support specifically designated essential governmental functions.

## Cosponsors (13)

- Rep. Arrington, Jodey C. [R-TX-19] (R-TX), 2022-09-29T00:00:00.000Z
- Rep. Cuellar, Henry [D-TX-28] (D-TX), 2022-12-02T00:00:00.000Z
- Rep. Taylor, Van [R-TX-3] (R-TX), 2022-12-02T00:00:00.000Z
- Rep. Garcia, Sylvia R. [D-TX-29] (D-TX), 2022-12-02T00:00:00.000Z
- Rep. Gooden, Lance [R-TX-5] (R-TX), 2022-12-02T00:00:00.000Z
- Rep. Fletcher, Lizzie [D-TX-7] (D-TX), 2022-12-02T00:00:00.000Z
- Rep. Green, Al [D-TX-9] (D-TX), 2022-12-02T00:00:00.000Z
- Rep. Crenshaw, Dan [R-TX-2] (R-TX), 2022-12-02T00:00:00.000Z
- Rep. Gonzalez, Vicente [D-TX-34] (D-TX), 2022-12-02T00:00:00.000Z
- Rep. Escobar, Veronica [D-TX-16] (D-TX), 2022-12-02T00:00:00.000Z
- Rep. Sessions, Pete [R-TX-17] (R-TX), 2022-12-15T00:00:00.000Z
- Rep. Castro, Joaquin [D-TX-20] (D-TX), 2022-12-15T00:00:00.000Z
- Rep. Veasey, Marc A. [D-TX-33] (D-TX), 2022-12-15T00:00:00.000Z

## Related bills

- 117-hr-2471: Consolidated Appropriations Act, 2022
- 117-hr-8203: To designate the facility of the United States Postal Service located at 651 Business Interstate Highway 35 North Suite 420 in New Braunfels, Texas, as the "Bo…
- 117-hres-881: Condemning the heinous terrorist attack on Congregation Beth Israel in Colleyville, Texas, on January 15, 2022.
- 117-hr-5865: To designate the facility of the United States Postal Service located at 4110 Bluebonnet Drive in Stafford, Texas, as the "Leonard Scarcella Post Office Buildi…
- 117-hr-4328: To rename the Department of Veterans Affairs community-based outpatient clinic in San Angelo, Texas, the "Colonel Charles and JoAnne Powell VA Clinic".
- 117-hres-247: Honoring the life and legacy of Congressman Ronald Wright and commending him for his devotion to the Nation and its ideals.

## Sources
- [117-hr-9044 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/9044)

## Related
- [117-hr-2471: Consolidated Appropriations Act, 2022](https://policyrisk.com/legislation/117-hr-2471)
- [117-hr-8203: To designate the facility of the United States Postal Service located at 651 Bu…](https://policyrisk.com/legislation/117-hr-8203)
- [117-hres-881: Condemning the heinous terrorist attack on Congregation Beth Israel in Colleyvi…](https://policyrisk.com/legislation/117-hres-881)
- [117-hr-5865: To designate the facility of the United States Postal Service located at 4110 B…](https://policyrisk.com/legislation/117-hr-5865)
- [117-hr-4328: To rename the Department of Veterans Affairs community-based outpatient clinic…](https://policyrisk.com/legislation/117-hr-4328)
- [117-hres-247: Honoring the life and legacy of Congressman Ronald Wright and commending him fo…](https://policyrisk.com/legislation/117-hres-247)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-9044 (as of 2025-11-18).