Guam Foreign Investment Equity Act
Public Law 107-212 · H.R. 309 · 107th Congress · began in the House
Signed by George W. Bush (R) on Aug 21, 2002 · Government Operations and Politics
Sponsor: Rep. Robert Underwood (D-GU)
Cosponsors: None
Passage votes
- HouseVoice vote
- SenateUnanimous consent
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Guam Foreign Investment Equity Act - Amends the Organic Act of Guam to apply, with an exception for rebated taxes to a Guam payor, Internal Revenue Code tax rates (respecting nonresident aliens, foreign corporations not connected with U.S. business, branch profits, foreign tax-exempt organizations, withholding on nonresident aliens, on foreign corporations, on dispositions of U.S. real property interests, and on partners' share of effectively connected income) to income from sources in Guam as if Guam were treated as part of the United States for treaty purposes.
Defines "Guam payor" as the person from whom the income item would be deemed to be received for purposes of claiming treaty rights were Guam treated as part of the United States.
Committees
The committees the bill was sent to, and what each did with it.
Energy and Natural Resources Committee · Senate · hearings by (full committee), markup by, referred to, reported by
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 15 actions.
- Aug 21, 2002Became lawBecame law · Became Public Law No: 107-212.
- Became lawBecame law · Signed by President.
- Aug 13, 2002PresidentPresident · Presented to President.
- Aug 1, 2002FloorFloor · Passed Senate without amendment by Unanimous Consent.
- Jun 24, 2002CommitteeCommittee · Reported by Senate Energy and Natural Resources Committee
- Jun 5, 2002CommitteeCommittee · Markup by Senate Energy and Natural Resources Committee
- Jul 27, 2001CommitteeCommittee · Hearings by Senate Energy and Natural Resources Committee
- May 2, 2001CommitteeCommittee · Referred to Senate Energy and Natural Resources Committee
- May 1, 2001FloorFloor · Motion to reconsider laid on the table Agreed to without objection.
- FloorFloor · On motion to suspend the rules and pass the bill Agreed to by voice vote.
- FloorFloor · Mr. Hefley moved to suspend the rules and pass the bill.
- Apr 24, 2001CommitteeCommittee · Reported by House Natural Resources Committee
- Mar 28, 2001CommitteeCommittee · Markup by House Natural Resources Committee
- Jan 30, 2001CommitteeCommittee · Referred to House Natural Resources Committee
- IntroducedIntroduced · Introduced in the House
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.