Expressing the sense that the House of Representatives must take responsible and timely action to address the Federal tax loophole that allows Act 22 decree holders to legally evade Federal taxes.

HRES 1553 is a resolution expressing the House of Representatives' sense that action is needed to address a federal tax exemption under Puerto Rico's Act 22. This provision allows wealthy Americans who do not reside in Puerto Rico to receive 100% exemptions from income and capital gains taxes in Puerto Rico while legally avoiding U.S. federal taxes. The resolution focuses on the tax loophole enabling this arrangement, which the bill claims contributes to housing displacement and price spikes on the island. It does not change tax law but urges the House to act on this issue. (Note: As a resolution, it is procedural and not a binding legislative measure.)