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HR 707 105th Congress House Taxation Aliens Business income tax Capital gains tax Commerce Dividends Estate tax Finance and Financial Sector Foreign Trade and International Finance Foreign corporations Foreign investments Foreign ownership of real property Immigration Income tax Interest Mutual funds Personal income tax Real estate investment Stockholders Stocks

Investment Competitiveness Act of 1997

Introduced: February 12, 1997 See on congress.gov
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 12, 1997
Referred to the House Committee on Ways and Means.
Feb 12, 1997
Sponsor introductory remarks on measure. (CR E223)
Feb 12, 1997
Introduced in House
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 Plain-English summary Congressional Research Service

Investment Competitiveness Act of 1997 - Amends the Internal Revenue Code to exempt interest-related dividends and short-term capital gain dividends received from a regulated investment company from the 30 percent tax on the income of nonresident aliens and foreign corporations not connected with a U.S. business, subject to exception.

Revises provisions concerning: (1) the estate tax treatment of stock in certain regulated investment companies owned by a nonresident; and (2) the distribution of U.S. property by a qualified investment entity (currently, a real estate investment trust).

What's happening now February 12, 1997

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Smith, Adam
Washington · May 15, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 707: Investment Competitiveness Act of 1997. 105th Congress. Open America. https://openamerica.io/bill/105-HR-707/
MLA
"H.R. 707: Investment Competitiveness Act of 1997." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-707/.
Bluebook (legal)
H.R. 707, 105th Cong. (2026), https://openamerica.io/bill/105-HR-707/.
Markdown link
[H.R. 707: Investment Competitiveness Act of 1997](https://openamerica.io/bill/105-HR-707/)
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