H. RES. 1553 is a resolution that calls on the House of Representatives to take prompt and responsible action to close a federal tax loophole allowing Act 22 decree holders to avoid paying federal taxes. Act 22 enables wealthy Americans to move to Puerto Rico and receive substantial tax...
Simple Explanation
H. RES. 1553 is a suggestion from some grown-ups in the government who want to change a rule that lets rich people move to Puerto Rico and not pay certain taxes. This can make it harder for people in Puerto Rico to afford their homes, so they want to fix this problem to help everyone live better.