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S. 5233

BillFederalSenateIn Committee
To amend the Internal Revenue Code of 1986 to treat certain gains and dividends derived from counties of concern as ordinary income.
About This Bill
Committee
Latest Action · September 25, 2024
Read twice and referred to the Committee on Finance.
Congress
118th (2023–2025)
Introduced
September 25, 2024
Cosponsors (0)
None
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Summary

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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.

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