Ask AI
H.R. 4204

International Regulated Investment Company Act of 2017

International Regulated Investment Company Act of 2017

This bill amends the Internal Revenue Code to provide for international regulated investment companies (IRICs) and specify rules for the taxation of IRICs. 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.

Referred to the House Committee on Ways and Means.

Rep. Marchant, Kenny [R-TX-24](R-TX)Sponsor
1committees3actions6subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

International Regulated Investment Company Act of 2017 — Informed