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HR 7760 118th Congress House Taxation

No Capital Gains Allowance for American Adversaries Act

Introduced: August 16, 2024 Introduced by: Sherman, Brad Democratic · California See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 20, 2024
Referred to the House Committee on Ways and Means.
Mar 20, 2024
Introduced in House
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 Plain-English summary Congressional Research Service

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.  

What's happening now March 20, 2024

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 3 Republican 2
R
Weber, Randy K. Sr.
Texas · Sep 16, 2024
 D
Stansbury, Melanie A.
New Mexico · Aug 16, 2024
 D
Doggett, Lloyd
Texas · Mar 20, 2024
 D
Foster, Bill
Illinois · Mar 20, 2024
 R
Spartz, Victoria
Indiana · Mar 20, 2024
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7760: No Capital Gains Allowance for American Adversaries Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-7760/
MLA
"H.R. 7760: No Capital Gains Allowance for American Adversaries Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-7760/.
Bluebook (legal)
H.R. 7760, 118th Cong. (2026), https://openamerica.io/bill/118-HR-7760/.
Markdown link
[H.R. 7760: No Capital Gains Allowance for American Adversaries Act](https://openamerica.io/bill/118-HR-7760/)
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