S 3527
114th Congress
Senate
Taxation
Federal officials
Government employee pay, benefits, personnel management
Government ethics and transparency, public corruption
Income tax exclusion
No Windfalls for Government Service Act
Introduced: December 8, 2016
Introduced by:
Whitehouse, Sheldon
Democratic
· Rhode Island
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 8, 2016
Read twice and referred to the Committee on Finance.
Dec 8, 2016
Introduced in Senate
Plain-English summary
No Windfalls for Government Service Act
This bill amends the Internal Revenue Code to establish a $1 million lifetime limitation on the nonrecognition of a taxpayer's gains from the sale of property pursuant to a certificate of divesture to comply with conflict-of-interest requirements for certain federal government positions.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1