S 5233 · 118th Congress · Taxation

No Capital Gains Allowance for American Adversaries Act

Introduced 2024-09-25· Sponsored by Sen. Ricketts, Pete [R-NE]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2024-09-25)

Plain Language Summary

[AI summary unavailable — showing source text] 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. …

Summarized by Claude AI · Non-partisan · For informational purposes only