H.R. 4586: AIDA
Quick Facts:
Bill Sponsor: Rep. Sheila Cherfilus-McCormick (D-FL-20)
Congress: 119
Date Introduced: July 22, 2025
Last Action: Referred 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. (July 22, 2025)
African Diaspora Investment and Development Act
This bill repeals the remittance excise tax and makes remittances to certain African and Caribbean countries deductible.
Rep. Jonathan Jackson (D-IL-1) (July 22, 2025)