Bill116th CongressFiled Jun 11, 2020Taxation
S. 3940
Territorial Economic Recovery Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Jun 11, 2020)
Territorial Economic Recovery Act
This bill restores the favorable tax treatment of investment in U.S. territories and possessions. It treats such investment as domestic rather than foreign investment and requires investors to have an active trade or business in a U.S. territory or possession with a certain percentage of income derived from such territory or possession.
What just happenedJun 11, 2020
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Wicker, Roger F. [R-MS](R-MS)Sponsor
1committees2actions1related bills8subjects
- Introduced in SenateJun 11, 2020
- Jun 11, 2020IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jun 11, 2020IntroReferral10000
Introduced in Senate