To amend the Internal Revenue Code of 1986 to modify the rules for investments in qualified opportunity funds, and for other purposes.

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7820 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7820 To amend the Internal Revenue Code of 1986 to modify the rules for investments in qualified opportunity funds, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 5, 2026 Mrs. Cherfilus-McCormick introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to modify the rules for investments in qualified opportunity funds, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. MODIFICATION OF RULES FOR INVESTMENTS IN QUALIFIED OPPORTUNITY FUNDS. (a) Extension of Designation Period of Qualified Opportunity Zones.--Section 1400Z-1(f) of the Internal Revenue Code of 1986 is amended by striking ``10th calendar year'' and inserting ``20th calendar year''. (b) Extension of Election Period.--Section 1400Z-2(a)…