Bill118th CongressFiled Mar 20, 2024Taxation
H.R. 7760
No Capital Gains Allowance for American Adversaries Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Mar 20, 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 happenedMar 20, 2024
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Sherman, Brad [D-CA-32](D-CA)Sponsor
6 cosponsors3 D3 R
6cosponsors1committees3actions1related bills
- Introduced in HouseMar 20, 2024
- Mar 20, 2024IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 20, 2024IntroReferralIntro-H
Introduced in House
- Mar 20, 2024IntroReferral1000
Introduced in House