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To amend the Internal Revenue Code of 1986 to provide for International Regulated Investment Companies.

USA115th CongressHR-4204| House 
| Updated: 11/1/2017
Kenny Marchant

Kenny Marchant

Republican Representative

Texas

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
International Regulated Investment Company Act of 2017 This bill amends the Internal Revenue Code to provide for international regulated investment companies (IRICs) and specify rules for the taxation of IRICs. 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.
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Timeline
Nov 1, 2017
Introduced in House
Nov 1, 2017
Referred to the House Committee on Ways and Means.
  • November 1, 2017
    Introduced in House
  • November 1, 2017
    Referred to the House Committee on Ways and Means.

Taxation

Employee benefits and pensionsFinancial services and investmentsForeign and international corporationsSecuritiesTaxation of foreign incomeU.S. and foreign investments

To amend the Internal Revenue Code of 1986 to provide for International Regulated Investment Companies.

USA115th CongressHR-4204| House 
| Updated: 11/1/2017
International Regulated Investment Company Act of 2017 This bill amends the Internal Revenue Code to provide for international regulated investment companies (IRICs) and specify rules for the taxation of IRICs. 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 1, 2017
Introduced in House
Nov 1, 2017
Referred to the House Committee on Ways and Means.
  • November 1, 2017
    Introduced in House
  • November 1, 2017
    Referred to the House Committee on Ways and Means.
Kenny Marchant

Kenny Marchant

Republican Representative

Texas

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Employee benefits and pensionsFinancial services and investmentsForeign and international corporationsSecuritiesTaxation of foreign incomeU.S. and foreign investments