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H.R. 7760

BillFederalHouseIn Committee
No Capital Gains Allowance for American Adversaries Act
About This Bill
Committee
Latest Action · March 20, 2024
Referred to the House Committee on Ways and Means.
Congress
118th (2023–2025)
Introduced
March 20, 2024
Cosponsors (6)
3D 3R
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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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