Bill > HR2128

Introduced Session

Real Estate Investment and Jobs Act of 2015 This bill amends the Internal Revenue Code to increase from 5% to 10% the stock ownership threshold in a real estate investment trust for purposes of exempting proceeds from dispositions of such stock from withholding requirements under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). Exempts from FIRPTA withholding requirements U.S. real property interests held by: (1) a qualified foreign pension fund created or organized outside the United States, or (2) any entity all of the interests of which are held by a qualified foreign pension fund.

Committee Categories

Kevin Brady (R)*,  Diane Black (R),  Earl Blumenauer (D),  Charles Boustany (R),  Vern Buchanan (R),  Joseph Crowley (WFP),  Mario Diaz-Balart (R),  Robert Dold (R),  George Holding (R),  Lynn Jenkins (R),  Sam Johnson (R),  Mike Kelly (R),  Ron Kind (D),  Peter King (R),  Adam Kinzinger (R),  John Larson (D),  Kenny Marchant (R),  Jim McDermott (D),  Patrick Meehan (R),  Richard Neal (D),  Kristi Noem (R),  Devin Nunes (R),  Bill Pascrell (D),  Erik Paulsen (R),  Charles Rangel (D),  Tom Reed (R),  David Reichert (R),  James Renacci (R),  Ileana Ros-Lehtinen (R),  Peter Roskam (R),  Linda Sánchez (D),  Pete Sessions (R),  Adrian Smith (R),  Jason Smith (R),  Mike Thompson (D),  Patrick Tiberi (R),  Mike Turner (R),  Todd Young (R), 

Referred to the House Committee on Ways and Means. (on 04/30/2015)

Official Document