H.R. 4586 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Ways and Means, and in addition to the Committees on Foreign Affairs, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned, Jul 22, 2025
1st SessionH. R. 4586
A BILL
AIDA
Sponsor: Rep. Sheila Cherfilus-McCormick (D-FL-20) · Introduced Jul 22, 2025 · International Affairs · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Sep 2, 2026: “ASSUMING FIRST SPONSORSHIP - Mr. Jackson (IL) asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 4586, a bill originally introduced by Representative Cherfilus-McCormick for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.”
Sections
Sections · 11
- Sec. 1Short titleNo change
- Sec. 2FindingsNo change
- Sec. 3Statement of policyNo change
- Sec. 4Support for diaspora investments from the United States International Development Finance CorporationNo change
- Sec. 5Diaspora infrastructure bond frameworkNo change
- Sec. 6Market expansion for remittance providersNo change
- Sec. 7Deduction for remittances used for qualified purposesNo change
- Sec. 8Exclusion of income attributable to certified diaspora investmentsNo change
- Sec. 9Repeal of remittance excise taxNo change
- Sec. 10ReportNo change
- Sec. 11DefinitionsNo change