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No Capital Gains Allowance for American Adversaries Act

USA118th CongressS-5233| Senate 
| Updated: 9/25/2024
Pete Ricketts

Pete Ricketts

Republican Senator

Nebraska

Finance 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

Latest Companion Bill Action

HR 118-7760
Introduced in House
Sep 25, 2024
Introduced in Senate
Sep 25, 2024
Read twice and referred to the Committee on Finance.
  • March 20, 2024

    Latest Companion Bill Action

    HR 118-7760
    Introduced in House


  • September 25, 2024
    Introduced in Senate


  • September 25, 2024
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 118-7760: No Capital Gains Allowance for American Adversaries Act

No Capital Gains Allowance for American Adversaries Act

USA118th CongressS-5233| Senate 
| Updated: 9/25/2024
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.
View Full Text

Suggested Questions

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

Timeline
Mar 20, 2024

Latest Companion Bill Action

HR 118-7760
Introduced in House
Sep 25, 2024
Introduced in Senate
Sep 25, 2024
Read twice and referred to the Committee on Finance.
  • March 20, 2024

    Latest Companion Bill Action

    HR 118-7760
    Introduced in House


  • September 25, 2024
    Introduced in Senate


  • September 25, 2024
    Read twice and referred to the Committee on Finance.
Pete Ricketts

Pete Ricketts

Republican Senator

Nebraska

Finance Committee

Taxation

Related Bills

  • HR 118-7760: No Capital Gains Allowance for American Adversaries Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted