Bill115th CongressFiled Sep 6, 2018Taxation
H.R. 6726
Invest in America Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Sep 6, 2018)
Invest in America Act
This bill amends the Internal Revenue Code to repeal several provision that were added by the Foreign Investment in Real Property Tax Act of 1980. The bill repeals provisions that imposed: (1) capital gains taxes on dispositions of investments in U.S. real property by foreign citizens, and (2) related tax withholding and reporting requirements.
What just happenedSep 6, 2018
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Marchant, Kenny [R-TX-24](R-TX)Sponsor
3 cosponsors2 D1 R
3cosponsors1committees3actions6subjects
- Introduced in HouseSep 6, 2018
- Sep 6, 2018IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Sep 6, 2018IntroReferralIntro-H
Introduced in House
- Sep 6, 2018IntroReferral1000
Introduced in House