US HB4999 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 9-0)
Status: Introduced on November 8 2019 - 25% progression, died in committee
Action: 2019-11-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 8 2019 - 25% progression, died in committee
Action: 2019-11-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code, with respect to opportunity zones, to require a qualified opportunity fund to have an investment advisory board and meet certain investment diversity and affordable housing investment requirements. The fund must also report to the congressional tax committees on how investments in opportunity zones will affect different racial and ethnic groups within the zones.
Title
To amend the Internal Revenue Code of 1986 to require fairness and diversity in opportunity zone investment.
Sponsors
| Rep. Henry Johnson [D-GA] | Rep. Bobby Rush [D-IL] | Rep. Eleanor Norton [D-DC] | Rep. Vicente Gonzalez [D-TX] |
| Rep. Danny Davis [D-IL] | Rep. Val Demings [D-FL] | Rep. Steve Cohen [D-TN] | Rep. Frederica Wilson [D-FL] |
| Rep. Joyce Beatty [D-OH] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-11-08 | House | Referred to the House Committee on Ways and Means. |
| 2019-11-08 | House | Introduced in House |
Subjects
Advisory bodies
Business investment and capital
Economic development
Government information and archives
Government studies and investigations
Low- and moderate-income housing
Performance measurement
Securities
Small business
Taxation
Business investment and capital
Economic development
Government information and archives
Government studies and investigations
Low- and moderate-income housing
Performance measurement
Securities
Small business
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/4999/all-info |
| Text | https://www.congress.gov/116/bills/hr4999/BILLS-116hr4999ih.pdf |
