HR 7760
118th Congress
House
Taxation
No Capital Gains Allowance for American Adversaries Act
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
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1