S 5233
118th Congress
Senate
Taxation
No Capital Gains Allowance for American Adversaries Act
Introduced: September 25, 2024
Introduced by:
Ricketts, Pete
Republican
· Nebraska
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 25, 2024
Read twice and referred to the Committee on Finance.
Sep 25, 2024
Introduced in Senate
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1