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No Capital Gains Allowance for American Adversaries Act

USA118th CongressHR-7760| House 
| Updated: 3/20/2024
Brad Sherman

Brad Sherman

Democratic Representative

California

Cosponsors (6)
Doug LaMalfa (Republican)Bill Foster (Democratic)Victoria Spartz (Republican)Melanie A. Stansbury (Democratic)Randy K. Sr. Weber (Republican)Lloyd Doggett (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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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Timeline
Mar 20, 2024
Introduced in House
Mar 20, 2024
Referred to the House Committee on Ways and Means.
Sep 25, 2024

Latest Companion Bill Action

S 118-5233
Introduced in Senate
  • March 20, 2024
    Introduced in House


  • March 20, 2024
    Referred to the House Committee on Ways and Means.


  • September 25, 2024

    Latest Companion Bill Action

    S 118-5233
    Introduced in Senate

Taxation

Related Bills

  • S 118-5233: No Capital Gains Allowance for American Adversaries Act

No Capital Gains Allowance for American Adversaries Act

USA118th CongressHR-7760| House 
| Updated: 3/20/2024
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 20, 2024
Introduced in House
Mar 20, 2024
Referred to the House Committee on Ways and Means.
Sep 25, 2024

Latest Companion Bill Action

S 118-5233
Introduced in Senate
  • March 20, 2024
    Introduced in House


  • March 20, 2024
    Referred to the House Committee on Ways and Means.


  • September 25, 2024

    Latest Companion Bill Action

    S 118-5233
    Introduced in Senate
Brad Sherman

Brad Sherman

Democratic Representative

California

Cosponsors (6)
Doug LaMalfa (Republican)Bill Foster (Democratic)Victoria Spartz (Republican)Melanie A. Stansbury (Democratic)Randy K. Sr. Weber (Republican)Lloyd Doggett (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • S 118-5233: No Capital Gains Allowance for American Adversaries Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted