People could pay higher taxes on profits from some investments tied to listed foreign countries. The bill also removes lower tax rates for some dividends and limits a common inheritance tax break for those assets.
Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
No Capital Gains Allowance for American Adversaries Act is a Senate bill in committee. The latest recorded action: Read twice and referred to the Committee on Finance.
Latest action on S. 2047: Read twice and referred to the Committee on Finance.
Who this affects: This bill mainly affects people and institutions that own investments tied to China, Russia, Belarus, Iran, or North Korea. It also affects brokers, sellers, covered companies, heirs, the SEC, and the Treasury Department. Investors may owe more tax, and financial firms may need to track and report more information.
Why this matters: This bill could make some foreign-linked investments less attractive by raising the tax cost. Investors may change where they put money if covered assets no longer get lower capital gains or dividend tax rates. The effect on markets, tax revenue, and investment flows is uncertain. It depends on how many people hold these assets and how broad the final rules become.
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
Officially: No Capital Gains Allowance for American Adversaries Act
People could pay higher taxes on profits from some investments tied to listed foreign countries. The bill also removes lower tax rates for some dividends and limits a common inheritance tax break for those assets.
Use this page to support, oppose, or ask Congress to amend S2047. Modern Action explains No Capital Gains Allowance for American Adversaries Act in plain English, helps identify the right senators or representative, and drafts a bill-specific message you can edit and send.
Where it stands
Sitting in Finance
No vote scheduled. Constituent contact is what moves bills out of committee.
↓ Why your message matters here
This bill is sitting in committee with no scheduled vote — which means a small number of constituent messages can decide whether it moves forward or quietly dies.
Enter your ZIP to see how your senators and member of Congress have voted, sponsored, or spoken on this bill.
Where this bill is in the process
Introduced
Introduced in Senate
Senate Committee
Under Senate committee consideration
Latest: Read twice and referred to the Committee on Finance. (6/12/2025)
Senate Floor Vote
Voted on by Senate
Passed Senate
Approved by Senate
House Review
Sent to House for consideration
Passed Both Chambers
Approved by both House and Senate
Signed into Law
Signed by the President
For more detail
Choose one clear position: support, oppose, or amend. Then pick any reasons or personal context you want included. Modern Action uses that input and the bill context to draft a message you can edit and send.
Congressional offices prioritize messages from their own constituents. Modern Action uses your address to route the drafted message to your senators when that is the most relevant target for this bill.
The draft includes the bill number, your position, the reasons you selected, any personal context you added, and a direct ask such as voting yes, voting no, cosponsoring, opposing, or seeking changes. You stay in control because you can edit the message before sending.
This page gives you an opportunity to support, oppose, or ask for changes to No Capital Gains Allowance for American Adversaries Act, then contact the elected officials who can act. Modern Action drafts the message from your position and the reasons you select.
Modern Action keeps the action tied to the bill itself: what it would do, where it is in the process (committee), which office can still act, and what ask belongs in the message.
You are not starting from a blank form. Modern Action drafts the message around S2047, your stance, and the reasons you choose, then lets you edit and send when ready.
