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Opportunity Zone Reporting and Reform Act

Introduced: November 6, 2019 Introduced by: Wyden, Ron Democratic · Oregon 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 6, 2019
Read twice and referred to the Committee on Finance.
Nov 6, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

Opportunity Zone Reporting and Reform Act

This bill establishes annual reporting requirements for qualified opportunity funds and requires certain identifying information on persons investing in such funds. It also provides for penalties for failing to file reports or filing reports with incorrect information, and requires public online disclosure of information in the reports.

The bill expands prohibitions of investments in certain luxury assets, including private planes, sports stadiums, self-storage facilities, and luxury rental properties. It also terminates designations of contiguous communities that are not low-income as opportunity zones.

The Internal Revenue Service must provide a publicly available list of investment vehicles that are certified as qualified opportunity funds.

The Government Accountability Office must report to Congress on the effectiveness of the Opportunity Zone program in the fifth and tenth year after the enactment of this bill.

What's happening now November 6, 2019

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 5042 Related bill Opportunity Zone Reform Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Independent 1
I
King, Angus S., Jr.
Maine · Nov 13, 2019
 D
Bennet, Michael F.
Colorado · Nov 12, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2787: Opportunity Zone Reporting and Reform Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-2787/
MLA
"S. 2787: Opportunity Zone Reporting and Reform Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-2787/.
Bluebook (legal)
S. 2787, 116th Cong. (2026), https://openamerica.io/bill/116-S-2787/.
Markdown link
[S. 2787: Opportunity Zone Reporting and Reform Act](https://openamerica.io/bill/116-S-2787/)
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