{"bill":{"id":"118-hr-7760","congress":118,"type":"HR","number":7760,"title":"No Capital Gains Allowance for American Adversaries Act","originChamber":"House","introducedDate":"2024-03-20","sponsors":[{"bioguideId":"S000344","fullName":"Rep. Sherman, Brad [D-CA-32]","party":"D","state":"CA","district":32}],"cosponsorsCount":6,"latestAction":{"actionDate":"2024-03-20","text":"Referred to the House Committee on Ways and Means."},"policyArea":"Taxation","subjects":[],"actions":[{"date":"2024-03-20","text":"Referred to the House Committee on Ways and Means.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2024-03-20","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2024-03-20","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>No Capital Gains Allowance for American Adversaries Act&nbsp;</strong></p><p>This bill treats gains and dividends derived from transactions involving countries of concern as ordinary income. The bill defines <em>countries of concern</em> to include China (including Hong Kong and Macao and excluding Taiwan), Russia, Belarus, Iran, and North Korea. &nbsp;</p>","updateDate":"2024-10-21T17:39:33Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":513,"ts":"2026-04-21T09:50:33.998Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"/api/public/query-gov?q=No%20Capital%20Gains%20Allowance%20for%20American%20Adversaries%20Act"}]}}