H.R. 6433 · 117th Congress
IOC Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
WaltzSponsor12 cosponsors · 1 D, 11 R
R
Joyce
GR
R
Reschenthaler
MS
R
Salazar
JW
D
Wexton
CJ
R
Jacobs
TB
R
Balderson
RC
R
Crawford
BF
R
Fitzpatrick
BJ
R
Johnson
MG
R
Gallagher
RW
R
Weber
CF
R
Franklin4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill eliminates the tax exemption for any organization or entity whose primary purpose is the promotion of international, multi-sport, athletic competitions, and that has gross receipts in in excess of $100 million for any of the 3 preceding taxable years (e.g., the International Olympic Committee).
What it does: CRS summary · Introduced in House · Jan 19, 2022
Irresponsible Olympic Collaboration Act or the IOC Act
This bill eliminates the tax exemption for any organization or entity whose primary purpose is the promotion of international, multi-sport, athletic competitions, and that has gross receipts in in excess of $100 million for any of the 3 preceding taxable years (e.g., the International Olympic Committee).
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: IOC Act
Also known as: Irresponsible Olympic Collaboration Act
Latest action (Jan 19, 2022): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Jan 19, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.