H.R. 10595

Stop Wall Street Looting Act

Sponsor: Mark Pocan

8 cosponsors
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I Corporate responsibility

II Anti-looting

Sec. 208. Elimination of qualified REIT dividends from qualified business income

(a) In general. Subparagraph (B) of section 199A(b)(1) of the Internal Revenue Code of 1986 is amended by striking qualified REIT dividends and.

(b) Conforming amendments

(1) Section 199A(c)(1) of such Code is amended by striking qualified REIT dividends or in the last sentence.

(2) Section 199A(e) of such Code is amended by striking paragraph (3) and by redesignating paragraph (4) as paragraph (3).

(c) Effective date. The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

III Protecting workers when companies go bankrupt

IV Closing tax loopholes

V Investor protection and market transparency

VI Restrictions on securitizing risky corporate debt

VII Miscellaneous