5233 -- No Capital Gains Allowance for American Adversaries Act | Poliscope

No Capital Gains Allowance for American Adversaries Act

5233

118th Congress

Taxation

In Committee

Legislative Progress

✓

Introduced

Committee

Floor Vote

Other Chamber

Enacted

Introduced

September 25, 2024

Latest Action

September 25, 2024

Primary Sponsor

Pete RickettsRepublican(NE)

Momentum (last 30 days)

score

0 actions · 0 new cosponsors · 0 votes

Speed vs cohort

0pct

0d open

vs 5,649 other S bills in the 118th — cohort avg 33d

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.