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Tax Parity for U.S. Mutual Funds Act of 2020
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
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vs 9,062 other HR bills in the 116th — cohort avg 39d
Tax Parity for U.S. Mutual Funds Act of 2020 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.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (2)
2020 · fourth_quarter · Taxation/Internal Revenue Code
Tax services policies relating to investment companies H.R. 7772 (Tax Parity for U.S. Mutual Funds Act of 2020), regarding tax fairness for U.S. mutual funds
Client expense: Not reported · Firm income: $30,000
Referred to the Subcommittee on Select Revenue Measures.
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 7772 - Tax Parity for US Mutual Funds Act of 2020 (Davis) H.R. 8695 - Protecting Retirement Savers and Everyday Investors Act (McHenry) H.R. 8696 - Securing a Strong Retirement Act of 2020 (Neal) S. 1431 - Retirement Security and Savings Act of 2019 (Portman) Allow 403(b) plans to invest in collective investment trusts Allow variable annuities to invest in exchange-traded funds Automatic Retirement Plan Act (Neal) Certificate of Residency processing Retirement Savings Tax Incentives Tax Exemption for Municipal Bond Interest Temporary coronavirus-related catch-up contribution
Client expense: $970,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2020 · third_quarter · Taxation/Internal Revenue Code
H.R. 6800 - The Heroes Act (Lowey) H.R. 7772 - Tax Parity for US Mutual Funds Act of 2020 (Davis) S. 1431 - Retirement Security and Savings Act of 2019 (Portman) Allow 403(b) plans to invest in collective investment trusts Allow variable annuities to invest in exchange-traded funds Automatic Retirement Plan Act (Neal) Certificate of Residency processing Financial Transaction Tax Portable Retirement and Investment Account Act (Himes) Retirement Plan Simplification and Enhancement Act (Neal) Retirement Savings Tax Incentives Tax Exemption for Municipal Bond Interest Temporary coronavirus-related catch-up contribution
Client expense: $1,498,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Treasury, Dept of
2020 · third_quarter · Taxation/Internal Revenue Code
Tax services policies relating to investment companies H.R. 7772 (Tax Parity for U.S. Mutual Funds Act of 2020), regarding tax fairness for U.S. mutual funds
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
| Democratic |
| NY |