No Capital Gains Allowance for American Adversaries Act

Summary

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.  

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 20 March 2024

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 20 March 2024

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 March 2024

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 20 March 2024 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 March 2024

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 20 March 2024

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 20 March 2024

  Open at official source

Sponsors

• Brad Sherman · D · Sponsor
• Victoria Spartz · R · Sponsor
• Rep. Doggett, Lloyd [D-TX-37] · D · Sponsor
• Rep. Foster, Bill [D-IL-11] · D · Sponsor
• Rep. Stansbury, Melanie A. [D-NM-1] · D · Cosponsor
• Rep. Weber, Randy K. Sr. [R-TX-14] · R · Cosponsor
• Doug LaMalfa · R · Cosponsor
• · hswm00 · Standing

Related records

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