Generating Retirement Ownership through Long-Term Holding

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1839 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1839 To amend the Internal Revenue Code of 1986 to allow individuals to defer recognition of reinvested capital gains distributions from regulated investment companies. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 21, 2025 Mr. Cornyn introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to allow individuals to defer recognition of reinvested capital gains distributions from regulated investment companies. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Generating Retirement Ownership through Long-Term Holding''. SEC. 2. DEFERRAL OF REINVESTED CAPITAL GAIN DIVIDENDS OF REGULATED INVESTMENT COMPANIES. (a) In General.--Part III of subchapter O of chapter 1 of the Internal Revenue Code of …