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- S.2033
S.2033: Closing the Derivatives Blended Rate Loophole Act
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced Jan. 23, 2012
- Latest Major Action Jan. 23, 2012
Bill Sponsor
Bill Summary
Closing the Derivatives Blended Rate Loophole Act - Amends the Internal Revenue Code to treat all gain or loss with respect to a section 1256 contract (i.e., any regulated futures contract, foreign currency contract, nonequity option, dealer equity option, and dealer securities future contract) as short-term capital gain or loss (currently, 60% of such gain or loss is treated as long-term capital gain or loss and is thus taxed at lower...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| Jan. 23, 2012 |
Introduced in the Senate by Carl Levin (D-Mich.) |