Introduced. Latest step, 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 Represe… It would change 0 sections of existing law and would add 10 new provisions of its own.
How this bill changes the law
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H.R. 4586 doesn't change any existing section of law. It would create 10 new provisions of its own. Read from the bill text as introduced in the House (Jul 22, 2025).
adds
changes words
removes or repeals
renumbers
Dashed lines: proposed, not law.
H.R. 4586Bill
10 provisions create new law of their ownnew law
New provisions of the bill's own
Sec. 2 Findings
Sec. 3 Statement of policy
Sec. 4 Support for diaspora investments from the United States International Development Finance Corporation
Sec. 5 Diaspora infrastructure bond framework
Sec. 6 Market expansion for remittance providers
Sec. 7 Deduction for remittances used for qualified purposes
Sec. 8 Exclusion of income attributable to certified diaspora investments
Sec. 9 Repeal of remittance excise tax
Sec. 10 Report
Sec. 11 Definitions
What the words would change: every change, in place (0)
Today's wording of each part of the law, with what would be struck out and added. Each change also gives the bill's own instruction, word for word.
From the bill's official text on GovInfo and the U.S. Code, latest edition, which may not yet show changes made since.
What it does
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The Congressional Research Service hasn't published a summary of this bill yet. They usually follow within weeks of introduction.
Our plain-language breakdown, with what it means for you and the case for and against, is written once a bill starts to move.
What has happened
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Sep 2, 2026ASSUMING 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.House floor actions
Jul 22, 2025Referred to the Committee on Ways and Means and the Committees on Foreign Affairs, and Financial Services.House floor actions
Jul 22, 2025Referred to the Committee on Ways and Means and the Committees on Foreign Affairs, and Financial Services.House floor actions
Jul 22, 2025Referred to the Committee on Ways and Means and the Committees on Foreign Affairs, and Financial Services.House floor actions
Jul 22, 2025Introduced in HouseLibrary of Congress
Jul 22, 2025Introduced in HouseLibrary of Congress