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A bill to amend the Internal Revenue Code of 1986 to allow individuals to defer recognition of reinvested capital gains distributions from regulated investment companies.

10/2/2007--Introduced.

Generate Retirement Ownership Through Long-Term Holding Act of 2007 - Amends the Internal Revenue Code to provide that no gain shall be recognized on the receipt of a capital gain dividend distributed by a regulated investment company if such dividend is automatically reinvested in additional shares of the company pursuant to a dividend reinvestment plan.

Latest Actions
  • 10/02/2007 - Sponsor introductory remarks on measure. (CR S12439-12440)
  • 10/02/2007 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S12440)
Bill Text
File name Last Updated
S.2126 Introduced in Senate10/05/2007