Tax Parity for U.S. Mutual Funds Act of 2021
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2021
Committee Review
Floor Vote
President
Introduced May 12, 2021
Last action May 12, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 12, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
May 12, 2021
Introduced
Introduced in House
lower
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Danny K. Davis
DDemocratic
Co
Bill Pascrell, Jr.
DDemocratic
Co
Ron Estes
RRepublican
Co
Thomas R. Suozzi
DDemocratic
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