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S 2126 110th Congress Senate

Generate Retirement Ownership Through Long-Term Holding Act of 2007

Official title: A bill to amend the Internal Revenue Code of 1986 to allow individuals to defer recognition of reinvested capital gains distributions from regulated investment companies.

Introduced: October 2, 2007 Introduced by: Crapo, Mike Republican · Idaho See on congress.gov
Taxation Capital gains taxDividendsFinance and Financial SectorIncome tax
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Mutual fundsSaving and investmentTax deferralTax exclusion
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 2, 2007
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S12440)
Oct 2, 2007
Sponsor introductory remarks on measure. (CR S12439-12440)
Oct 2, 2007
Introduced in Senate
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 Latest action October 2, 2007

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S12440)

 Plain-English summary Congressional Research Service
Generate Retirement Ownership Through Long-Term Holding Act of 2007 - Amends the Internal Revenue Code to provide that no gain shall be recognized on the receipt of a capital gain dividend distributed by a regulated investment company if such dividend is automatically reinvested in additional shares of the company pursuant to a dividend reinvestment plan.
 Related & companion bills 1
  • HR 2796 Related bill Generate Retirement Ownership Through Long-Term Holding Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2126: Generate Retirement Ownership Through Long-Term Holding Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-S-2126/
MLA
"S. 2126: Generate Retirement Ownership Through Long-Term Holding Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-2126/.
Bluebook (legal)
S. 2126, 110th Cong. (2026), https://openamerica.io/bill/110-S-2126/.
Markdown link
[S. 2126: Generate Retirement Ownership Through Long-Term Holding Act of 2007](https://openamerica.io/bill/110-S-2126/)
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