H.R. 7760, known as the "No Capital Gains Allowance for American Adversaries Act," aims to change how certain financial gains are taxed. The bill proposes that profits made from sales and dividends connected to companies based in countries like China, Russia, and others...
Simple Explanation
The bill wants to change how money earned from certain countries like China and Russia is taxed to make sure it's treated the same as regular earnings, which could mean paying more taxes. It also asks the government to tell people about this change and list the companies affected.