S.3527: No Windfalls for Government Service Act

About This Bill

Bill Summary

No Windfalls for Government Service Act This bill amends the Internal Revenue Code to establish a $1 million lifetime limitation on the nonrecognition of a taxpayer's gains from the sale of property pursuant to a certificate of divesture to comply with conflict-of-interest requirements for certain federal government positions.

(Source: Library of Congress)

Bill Actions

Date Description
Dec. 8, 2016
Read twice and referred to the Committee on Finance.
Dec. 8, 2016

Introduced in the Senate by Sheldon Whitehouse (D-R.I.)

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