HR 4204 · 115th Congress · Taxation

International Regulated Investment Company Act of 2017

Introduced 2017-11-01· Sponsored by Rep. Marchant, Kenny [R-TX-24]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2017-11-01)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only