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No Capital Gains Allowance for American Adversaries Act
7/7/2025, 7:12 PM
Summary of Bill S 2047
The bill introduced in the 119th Congress and numbered S. 2047 aims to amend the Internal Revenue Code of 1986 to classify specific gains and dividends obtained from countries identified as countries of concern as regular income.
Read the Full Bill
Current Status of Bill S 2047
Bill S 2047 is currently in the status of Bill Introduced since June 12, 2025. Bill S 2047 was introduced during Congress 119 and was introduced to the Senate on June 12, 2025. Bill S 2047's most recent activity was Read twice and referred to the Committee on Finance. as of June 12, 2025
Bipartisan Support of Bill S 2047
Total Number of Sponsors
3Democrat Sponsors
0Republican Sponsors
3Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 2047
Primary Policy Focus
TaxationAlternate Title(s) of Bill S 2047
A bill to amend the Internal Revenue Code of 1986 to treat certain gains and dividends derived from countries of concern as ordinary income.
A bill to amend the Internal Revenue Code of 1986 to treat certain gains and dividends derived from countries of concern as ordinary income.
Comments
Priscilla Whitehead
1,167
1 year ago
I think this bill is good because it will help make sure that people are paying their fair share of taxes on money they make from countries that are causing problems. It's not fair that some people can make money in these countries and not have to pay as much in taxes as the rest of us. This bill will make sure that everyone is treated equally when it comes to paying taxes on their income. I support this bill because it will help make the tax system more fair for everyone.
Sponsors and Cosponsors of S 2047
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