Legislators
Bills
Statements
Lobbying
Travel
- Bills
- S.1005
S.1005: Modernization of Derivatives Tax Act of 2017
About This Bill
- Introduced May 2, 2017
- Latest Major Action May 2, 2017
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - May 2, 2017
Bill Summary
Modernization of Derivatives Tax Act of 2017 This bill amends the Internal Revenue Code to modify the tax treatment of derivatives. A "derivative" is any contract (including any option, forward contract, futures contract, short position, swap, or similar contract) the value of which, or any payment or other transfer with respect to which, is (directly or indirectly) determined by reference to another specified item. The bill modifies the tax...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
May 2, 2017 |
Read twice and referred to the Committee on Finance.
|
May 2, 2017 |
Introduced in the Senate by Ron Wyden (D-Ore.) |