HR 4999
116th Congress
House
Taxation
Advisory bodies
Business investment and capital
Economic development
Government information and archives
Government studies and investigations
Low- and moderate-income housing
Performance measurement
Securities
Small business
To amend the Internal Revenue Code of 1986 to require fairness and diversity in opportunity zone investment.
Introduced: November 8, 2019
Introduced by:
Johnson, Henry C. "Hank"
Democratic
· Georgia
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 8, 2019
Referred to the House Committee on Ways and Means.
Nov 8, 2019
Introduced in House
Plain-English summary
This bill amends the Internal Revenue Code, with respect to opportunity zones, to require a qualified opportunity fund to have an investment advisory board and meet certain investment diversity and affordable housing investment requirements. The fund must also report to the congressional tax committees on how investments in opportunity zones will affect different racial and ethnic groups within the zones.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1