Bill118th CongressFiled Sep 25, 2024Taxation
S. 5233
No Capital Gains Allowance for American Adversaries Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Sep 25, 2024)
No Capital Gains Allowance for American Adversaries Act
This bill treats gains and dividends derived from transactions involving countries of concern as ordinary income. The bill defines countries of concern to include China (including Hong Kong and Macao and excluding Taiwan), Russia, Belarus, Iran, and North Korea.
What just happenedSep 25, 2024
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Ricketts, Pete [R-NE](R-NE)Sponsor
1committees2actions1related bills
- Introduced in SenateSep 25, 2024
- Sep 25, 2024IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Sep 25, 2024IntroReferral10000
Introduced in Senate