Search Results for keywords:"countries of concern"

Search Results: keywords:"countries of concern"

H. R. 7760 — To amend the Internal Revenue Code of 1986 to treat certain gains and dividends derived from counties of concern as ordinary income.
March 20, 2024
Status:Introduced in House
Congress:118
Words:1,078
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.
S. 5233 — To amend the Internal Revenue Code of 1986 to treat certain gains and dividends derived from counties of concern as ordinary income.
September 25, 2024
Status:Introduced in Senate
Congress:118
Words:1,063
The bill S. 5233, titled the “No Capital Gains Allowance for American Adversaries Act,” seeks to amend the Internal Revenue Code of 1986 to treat gains and dividends from certain countries of concern as ordinary income, not as capital gains. These countries include China...
Simple Explanation
The No Capital Gains Allowance for American Adversaries Act is a rule that treats money made from certain countries like China and Russia as regular earnings instead of special earnings, making taxes higher on them, starting January 2025.
S. 3476 — To monitor United States investments in entities that are controlled by foreign adversaries, and for other purposes.
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December 12, 2023
Status:Introduced in Senate
Congress:118
Words:2,064
S. 3476 is a bill aimed at monitoring investments by the United States in foreign entities controlled by adversarial countries. The bill requires the Secretary of Commerce, the Secretary of the Treasury, and the Securities and Exchange Commission to report regularly on these...
Simple Explanation
The bill is about keeping an eye on the money the United States might invest in businesses controlled by countries like China, Russia, and Iran to make sure everything is safe and fair. It asks certain leaders to check and tell important details about these investments regularly, so everyone knows what's happening.
H. R. 6642 — To require the disclosure of foreign support provided to a recipient after the award of a research and development award, and for other purposes.
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December 06, 2023
Status:Introduced in House
Congress:118
Words:1,935
H. R. 6642, titled the “Grant Recipient Accountability for Necessary Transparency Act of 2023” or the “GRANT Act of 2023”, requires recipients of research and development awards from governmental agencies to disclose any financial support or gifts from countries or entities...
Simple Explanation
The "GRANT Act of 2023" wants to make sure that if someone gets money to do science projects from the government and then gets more money or gifts from other big countries like China or Russia, they have to tell everyone about it. If they don't tell, they might get in trouble, like losing the money or facing other punishments.
S. 4858 — To require the imposition of sanctions with respect to financial institutions of countries of concern that clear, verify, or settle transactions with other financial institutions of such countries.
July 30, 2024
Status:Introduced in Senate
Congress:118
Words:1,827
S. 4858 aims to enforce sanctions on financial institutions in countries considered concerning if they engage in transactions through certain payment systems with other similar institutions. The President is mandated to block and prohibit property transactions in the U.S. for...
Simple Explanation
Imagine there are some countries doing things that could be troublesome, and this bill wants to make sure that banks from these countries can't use certain ways to move money easily in the U.S. If banks from a concerning country do this, then they could get in big trouble, like having their money frozen or not being able to visit America.
S. 5249 — To amend the Internal Revenue Code of 1986 to deny certain green energy tax benefits to companies connected to certain countries of concern.
September 25, 2024
Status:Introduced in Senate
Congress:118
Words:758
The bill, titled the "No Official Giveaways Of Taxpayers’ Income to Oppressive Nations Act" or the "NO GOTION Act", aims to revise the Internal Revenue Code of 1986. It seeks to prevent certain companies from receiving green energy tax benefits if they are...
Simple Explanation
The "NO GOTION Act" is a rule that stops certain companies from getting special money help for green energy if they are linked to countries like China or Russia, because those places might not be friendly to the U.S. or have bad governments.
H. R. 10040 — To amend section 7342 of title 5, United States Code, to require agencies to submit to the Office of Government Ethics and the Department of State the compiled listing of certain statements relating to the receipt and disposition of foreign gifts and decorations, and for other purposes.
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October 25, 2024
Status:Introduced in House
Congress:118
Words:1,665
The Gift Accountability, Reporting, and Disclosures Act (GARD Act) proposes changes to existing U.S. law regarding how federal agencies and politicians handle foreign gifts and decorations. It requires agencies to submit a detailed list of received gifts to both the Office of...
Simple Explanation
The GARD Act is about making sure government workers tell the right people when they get gifts from other countries, and they have to be quick or else they might have to pay a fine. It also says that everyone should be able to see a list of these gifts, but it could be tricky and expensive for some agencies to set all this up.

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