HR 3142 · 117th Congress · Taxation

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

Introduced 2021-05-12· Sponsored by Rep. Davis, Danny K. [D-IL-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2021-05-12)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

Cosponsors (3)

2 Democrats1 Republican
Rep. Estes, Ron [R-KS-4]KS
Rep. Pascrell, Bill, Jr. [D-NJ-9]NJ
Rep. Suozzi, Thomas R. [D-NY-3]NY