US SB3940 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on June 11 2020 - 25% progression, died in committee
Action: 2020-06-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Restores the favorable tax treatment of investment in U.S. territories and possessions. It treats such investment as domestic rather than foreign investment and requires investors to have an active trade or business in a U.S. territory or possession with a certain percentage of income derived from such territory or possession.

Tracking Information

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Title

Territorial Economic Recovery Act

Sponsors


History

DateChamberAction
2020-06-11SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB6648 (Related) 2020-05-01 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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