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
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
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1