Bill116th CongressFiled May 1, 2020Taxation
H.R. 6648
Territorial Economic Recovery Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (May 1, 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 happenedMay 1, 2020
Referred to the House Committee on Ways and Means.
Who’s behind it
Del. Plaskett, Stacey E. [D-VI-At Large](D-VI)Sponsor
4 cosponsors4 D
4cosponsors1committees3actions1related bills8subjects
- Introduced in HouseMay 1, 2020
- May 1, 2020IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 1, 2020IntroReferralIntro-H
Introduced in House
- May 1, 2020IntroReferral1000
Introduced in House