HOUSE 3142117th CongressReferred to the House Committee on Ways and Means.

Tax Parity for U.S. Mutual Funds Act of 2021

Last Action: 5/12/2021

Actions

2021-05-12Referred to the House Committee on Ways and Means.
2021-05-12Introduced in House
2021-05-12Introduced in House

CRS Summary

As of 2021-05-12 (00)

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.

Cosponsors (3)

Ron Estes (R-KS)
WILLIAM PASCRELL (D-NJ)
Thomas Suozzi (D-NY)

Subjects

Employee benefits and pensions
Financial services and investments
Foreign and international corporations
Securities
Taxation of foreign income
U.S. and foreign investments

Read on Congress.gov

Sourced from Congress.gov (public domain).

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