US Congress House Bill 4321 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on September 12 2019 - 25% progression, died in committee
Action: 2019-09-13 - Referred to the Subcommittee on Environment and Climate Change.
Pending: House Environment and Climate Change Committee
Text: Latest bill text (Introduced) [PDF]

Addresses the reduction of lead-based hazards. It also modifies the tax treatment of carried interest (i.e., compensation that is typically received by a partner of a private equity or hedge fund and is based on a share of the fund's profits) and the estate tax. With respect to lead-based hazards, the bill allows the Department of Housing and Urban Development (HUD) to provide grants to state and local governments to reduce lead-based pipe hazards in housing. Additionally, HUD must require risk assessments, inspections, interim controls, and abatement of these hazards in federally assisted housing. HUD and the Environmental Protection Agency (EPA) must require the disclosure of such hazards in housing that is for sale or lease. Persons that fail to disclose such hazards are subject to civil penalties from HUD and may be liable to purchasers or lessees for treble damages. Additionally, the EPA must ensure that individuals who work with lead-based pipes have proper training and certification. States may enforce and administer such training and certification programs upon receiving EPA approval. The EPA must publish an information pamphlet regarding the health risks and best practices for dealing with lead hazards. The bill also modifies the tax treatment of carried interest by, for example, requiring it to be included in gross income and taxed as ordinary income, with certain exceptions. Under current law, carried interest is taxed as investment income. In addition, the bill reduces the estate tax exemption level.

GET THE LEAD OUT Act of 2019 Grants for Eliminating the Toxic Hazard of Environmental Lead in Our Towns Act of 2019

Rep. Tim Ryan [D-OH]	Rep. Michael Doyle [D-PA]	Rep. Brendan Boyle [D-PA]	Rep. Debbie Dingell [D-MI]
Rep. Sheila Jackson-Lee [D-TX]	Rep. Steve Cohen [D-TN]	Rep. Nanette Barragan [D-CA]	Rep. Eliot Engel [D-NY]

Date	Chamber	Action
2019-09-13	House	Referred to the Subcommittee on Environment and Climate Change.
2019-09-12	House	Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, and Ways and Means, 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.
2019-09-12	House	Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, and Ways and Means, 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.
2019-09-12	House	Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, and Ways and Means, 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.
2019-09-12	House	Introduced in House

HB1735 (Related) 2019-03-13 - Referred to the House Committee on Ways and Means.
SB781 (Related) 2019-03-13 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/4321/all-info
Text	https://www.congress.gov/116/bills/hr4321/BILLS-116hr4321ih.pdf