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HR 4598 116th Congress House Taxation Employee benefits and pensions Financial services and investments Foreign and international corporations Income tax exclusion Real estate business Taxation of foreign income U.S. and foreign investments

To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies.

Introduced: October 1, 2019 Introduced by: Suozzi, Thomas R. Democratic · New York See on congress.gov
This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 1, 2019
Referred to the House Committee on Ways and Means.
Oct 1, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

This bill exempts interests held by certain foreign insurance companies from provisions of the Foreign Investment in Real Property Tax Act of 1980 that tax foreign individuals or corporations on dispositions of investments in U.S. real property interests.

What's happening now October 1, 2019

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 4598: To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies.. 116th Congress. Open America. https://openamerica.io/bill/116-HR-4598/
MLA
"H.R. 4598: To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-4598/.
Bluebook (legal)
H.R. 4598, 116th Cong. (2026), https://openamerica.io/bill/116-HR-4598/.
Markdown link
[H.R. 4598: To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies.](https://openamerica.io/bill/116-HR-4598/)
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