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HR 7772 116th Congress House Taxation Employee benefits and pensions Financial services and investments Foreign and international corporations Securities Taxation of foreign income U.S. and foreign investments

Tax Parity for U.S. Mutual Funds Act of 2020

Introduced: July 24, 2020 Introduced by: Davis, Danny K. Democratic · Illinois See on congress.gov
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 24, 2020
Referred to the Subcommittee on Select Revenue Measures.
Jul 24, 2020
Referred to the House Committee on Ways and Means.
Jul 24, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

Tax Parity for U.S. Mutual Funds Act of 2020

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's happening now July 24, 2020

Referred to the Subcommittee on Select Revenue Measures.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 1 Republican 1
Pascrell, Bill
· Oct 1, 2020
 R
Estes, Ron
Kansas · Jul 24, 2020
Marchant, Kenny
· Jul 24, 2020
 D
Suozzi, Thomas R.
New York · Jul 24, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7772: Tax Parity for U.S. Mutual Funds Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-7772/
MLA
"H.R. 7772: Tax Parity for U.S. Mutual Funds Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-7772/.
Bluebook (legal)
H.R. 7772, 116th Cong. (2026), https://openamerica.io/bill/116-HR-7772/.
Markdown link
[H.R. 7772: Tax Parity for U.S. Mutual Funds Act of 2020](https://openamerica.io/bill/116-HR-7772/)
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