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

USA117th CongressHR-3142| House 
| Updated: 5/12/2021
Danny K. Davis

Danny K. Davis

Democratic Representative

Illinois

Cosponsors (3)
Thomas R. Suozzi (Democratic)Ron Estes (Republican)Bill Pascrell (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

HR 116-7772
Tax Parity for U.S. Mutual Funds Act of 2020
May 12, 2021
Introduced in House
May 12, 2021
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-7772
    Tax Parity for U.S. Mutual Funds Act of 2020


  • May 12, 2021
    Introduced in House


  • May 12, 2021
    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

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

USA117th CongressHR-3142| House 
| Updated: 5/12/2021
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.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 116-7772
Tax Parity for U.S. Mutual Funds Act of 2020
May 12, 2021
Introduced in House
May 12, 2021
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-7772
    Tax Parity for U.S. Mutual Funds Act of 2020


  • May 12, 2021
    Introduced in House


  • May 12, 2021
    Referred to the House Committee on Ways and Means.
Danny K. Davis

Danny K. Davis

Democratic Representative

Illinois

Cosponsors (3)
Thomas R. Suozzi (Democratic)Ron Estes (Republican)Bill Pascrell (Democratic)

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