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HR 3142 117th 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 2021

Introduced: May 12, 2021 Introduced by: Davis, Danny K. Democratic · Illinois See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
May 12, 2021
Referred to the House Committee on Ways and Means.
May 12, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

Tax Parity for U.S. Mutual Funds Act of 2021

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 May 12, 2021

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 1
R
Estes, Ron
Kansas · May 12, 2021
Pascrell, Bill
· May 12, 2021
 D
Suozzi, Thomas R.
New York · May 12, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3142: Tax Parity for U.S. Mutual Funds Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-3142/
MLA
"H.R. 3142: Tax Parity for U.S. Mutual Funds Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-3142/.
Bluebook (legal)
H.R. 3142, 117th Cong. (2026), https://openamerica.io/bill/117-HR-3142/.
Markdown link
[H.R. 3142: Tax Parity for U.S. Mutual Funds Act of 2021](https://openamerica.io/bill/117-HR-3142/)
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