United States · Bill · HR
H.R. 1597 (102nd)
To amend the Internal Revenue Code of 1986 to repeal the 30-percent gross income limitation applicable to regulated investment companies.
Introduced
22 March 1991
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to repeal the requirement that less than 30 percent of the gross income of a regulated investment company be derived from the sale or disposition of any of the following which were held for less than three months: (1) stocks or securities; (2) options, futures, or forward contracts (other than those on foreign currencies); or (3) certain foreign currencies.
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Votes
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Documents
2 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 22 March 1991
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/102nd-congress/house-bill/1597
- Open data entity: https://api.congress.gov/v3/bill/102/hr/1597