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- H.R.6648
H.R.6648: Territorial Economic Recovery Act
About This Bill
- Introduced May 1, 2020
- Latest Major Action May 1, 2020
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (All Democrats)
Bill Version
- Introduced in House - May 1, 2020
Bill Summary
Territorial Economic Recovery Act This bill 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.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
May 1, 2020 |
Referred to the House Committee on Ways and Means.
|
May 1, 2020 |
Introduced in the House by Stacey Plaskett (D-Virgin Islands) |