Bill117th CongressFiled May 12, 2021Taxation
H.R. 3142
Tax Parity for U.S. Mutual Funds Act of 2021
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (May 12, 2021)
Tax Parity for U.S. Mutual Funds Act of 2021
This bill establishes international regulated investment companies (IRICs) and specifies rules for the taxation of such companies. 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.
What just happenedMay 12, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Davis, Danny K. [D-IL-7](D-IL)Sponsor
3 cosponsors2 D1 R
3cosponsors1committees3actions6subjects
- Introduced in HouseMay 12, 2021
- May 12, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 12, 2021IntroReferralIntro-H
Introduced in House
- May 12, 2021IntroReferral1000
Introduced in House