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United States · Bill · S

S. 5233 (118th)

No Capital Gains Allowance for American Adversaries Act

referredUnited States· United States Congress· EN

Introduced

25 September 2024

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

22 October 2024

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. 

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Documents

3 official files

Introduced in Senate (text)

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Sources

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