Territorial Economic Recovery Act
Summary
Territorial Economic Recovery Act This bill restores the favorable tax treatment of investment in U.S. territories and possessions. It treats such investment as domestic rather than foreign investment and requires investors to have an active trade or business in a U.S. territory or possession with a certain percentage of income derived from such territory or possession.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2021
Committee Review
Floor Vote
President
Introduced Feb 26, 2021
Last action Feb 26, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 26, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
Feb 26, 2021
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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