HR 1055 · 118th Congress

Territorial Economic Recovery Act

<p><b>Territorial Economic Recovery Act</b></p> <p>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…

Sponsor

Plaskett, Stacey E. (D-VI)

Introduced

2023-02-14

Policy area

Taxation

Latest action

Referred to the House Committee on Ways and Means.