HR 6726 · 115th Congress · Taxation

Invest in America Act

Introduced 2018-09-06· 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.(2018-09-06)

Plain Language Summary

[AI summary unavailable — showing source text] Invest in America Act This bill amends the Internal Revenue Code to repeal several provision that were added by the Foreign Investment in Real Property Tax Act of 1980. The bill repeals provisions that imposed: (1) capital gains taxes on dispositions of investments in U.S. real property by foreign citizens, and (2) related tax withholding and reporting requirements.…

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

Cosponsors (3)

2 Democrats1 Republican
Rep. Crowley, Joseph [D-NY-14]NY
Rep. Blumenauer, Earl [D-OR-3]OR
Rep. Holding, George [R-NC-2]NC