PRIA Logo™
HR2089119th CongressWALLET

Generating Retirement Ownership through Long-Term Holding

Sponsored By: Representative Van Duyne, Beth [R-TX-24]

Introduced

Summary

Deferral of tax on reinvested capital gain dividends. This bill would add section 1046 to the tax code to let individuals defer recognizing capital gain dividends from a regulated investment company when those dividends are automatically reinvested under a dividend reinvestment plan.

Show full summary
  • Individual investors would postpone tax on reinvested capital gain dividends until a later triggering event. Recognition happens when fund shares are sold or redeemed or when the investor dies, and the recognized amount is the portion of previously deferred gain tied to the shares sold or redeemed.
  • Shares bought through automatic reinvestment are treated as held for one year and one day from the acquisition date for holding-period purposes, which affects whether gains qualify as long-term.
  • The rule would not apply to an individual who is claimed as a dependent under section 151 or to estates and trusts. The Secretary of the Treasury must issue regulations and the bill makes conforming amendments to related Internal Revenue Code sections.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Lower immediate tax on reinvested dividends

You would not recognize gain when a fund (a regulated investment company) pays a capital gain dividend that is automatically reinvested under a dividend reinvestment plan. Shares bought this way would be treated as held for one year and one day from the acquisition date for holding-period purposes. Deferred gain would be reported proportionally when you later sell or redeem those fund shares, and any remaining deferred gain would be included on your final tax return for the taxable year ending on the date of your death. This rule would not apply to estates or trusts or to an individual who can be claimed as a dependent, and the Secretary of the Treasury would issue regulations. The rule would apply to taxable years ending after the date of enactment.

Sponsors & CoSponsors

Sponsor

Van Duyne, Beth [R-TX-24]

TX • R

Cosponsors

  • Rep. Sewell, Terri A. [D-AL-7]

    AL • D

    Sponsored 3/11/2025

  • Rep. Tenney, Claudia [R-NY-24]

    NY • R

    Sponsored 3/27/2025

  • Rep. LaHood, Darin [R-IL-16]

    IL • R

    Sponsored 4/1/2025

  • Rep. Malliotakis, Nicole [R-NY-11]

    NY • R

    Sponsored 4/17/2025

  • Rep. Owens, Burgess [R-UT-4]

    UT • R

    Sponsored 6/4/2025

  • Rep. Amo, Gabe [D-RI-1]

    RI • D

    Sponsored 6/4/2025

  • Rep. Kustoff, David [R-TN-8]

    TN • R

    Sponsored 6/4/2025

  • Rep. Suozzi, Thomas R. [D-NY-3]

    NY • D

    Sponsored 6/9/2025

  • Rep. Moulton, Seth [D-MA-6]

    MA • D

    Sponsored 6/24/2025

  • Rep. Keating, William R. [D-MA-9]

    MA • D

    Sponsored 6/26/2025

  • Rep. Ross, Deborah K. [D-NC-2]

    NC • D

    Sponsored 6/26/2025

  • Rep. Panetta, Jimmy [D-CA-19]

    CA • D

    Sponsored 6/30/2025

  • Rep. Morelle, Joseph D. [D-NY-25]

    NY • D

    Sponsored 6/30/2025

  • Rep. Gonzalez, Vicente [D-TX-34]

    TX • D

    Sponsored 7/10/2025

  • Rep. Cleaver, Emanuel [D-MO-5]

    MO • D

    Sponsored 7/10/2025

  • Rep. McClain Delaney, April [D-MD-6]

    MD • D

    Sponsored 7/17/2025

  • Del. Plaskett, Stacey E. [D-VI-At Large]

    VI • D

    Sponsored 7/17/2025

  • Rep. Moran, Nathaniel [R-TX-1]

    TX • R

    Sponsored 7/23/2025

  • Rep. Kelly, Mike [R-PA-16]

    PA • R

    Sponsored 9/3/2025

  • Rep. Harrigan, Pat [R-NC-10]

    NC • R

    Sponsored 9/3/2025

  • Rep. Menendez, Robert [D-NJ-8]

    NJ • D

    Sponsored 9/4/2025

  • Rep. Sánchez, Linda T. [D-CA-38]

    CA • D

    Sponsored 9/4/2025

  • Rep. Moore, Blake D. [R-UT-1]

    UT • R

    Sponsored 9/9/2025

  • Rep. Gillen, Laura [D-NY-4]

    NY • D

    Sponsored 9/10/2025

  • Rep. Magaziner, Seth [D-RI-2]

    RI • D

    Sponsored 9/10/2025

  • Rep. Schneider, Bradley Scott [D-IL-10]

    IL • D

    Sponsored 9/15/2025

  • Rep. McBride, Sarah [D-DE-At Large]

    DE • D

    Sponsored 9/23/2025

  • Rep. Baumgartner, Michael [R-WA-5]

    WA • R

    Sponsored 10/31/2025

  • Rep. Miller, Carol D. [R-WV-1]

    WV • R

    Sponsored 10/31/2025

  • Rep. Trahan, Lori [D-MA-3]

    MA • D

    Sponsored 10/31/2025

  • Rep. DelBene, Suzan K. [D-WA-1]

    WA • D

    Sponsored 10/31/2025

  • Rep. Boyle, Brendan F. [D-PA-2]

    PA • D

    Sponsored 11/12/2025

  • Rep. Yakym, Rudy [R-IN-2]

    IN • R

    Sponsored 11/18/2025

  • Rep. Steil, Bryan [R-WI-1]

    WI • R

    Sponsored 11/20/2025

  • Rep. Miller, Max L. [R-OH-7]

    OH • R

    Sponsored 12/2/2025

  • Rep. Ellzey, Jake [R-TX-6]

    TX • R

    Sponsored 12/2/2025

  • Rep. Dean, Madeleine [D-PA-4]

    PA • D

    Sponsored 12/2/2025

  • Rep. Carey, Mike [R-OH-15]

    OH • R

    Sponsored 12/9/2025

  • Rep. Fallon, Pat [R-TX-4]

    TX • R

    Sponsored 12/9/2025

  • Rep. Houlahan, Chrissy [D-PA-6]

    PA • D

    Sponsored 12/9/2025

  • Rep. Kim, Young [R-CA-40]

    CA • R

    Sponsored 12/9/2025

  • Rep. Johnson, Julie [D-TX-32]

    TX • D

    Sponsored 12/10/2025

  • Rep. Sessions, Pete [R-TX-17]

    TX • R

    Sponsored 12/18/2025

  • Rep. Guthrie, Brett [R-KY-2]

    KY • R

    Sponsored 1/7/2026

  • Rep. Smucker, Lloyd [R-PA-11]

    PA • R

    Sponsored 1/13/2026

  • Rep. Rutherford, John H. [R-FL-5]

    FL • R

    Sponsored 1/13/2026

  • Rep. Rulli, Michael A. [R-OH-6]

    OH • R

    Sponsored 1/14/2026

  • Rep. Graves, Sam [R-MO-6]

    MO • R

    Sponsored 1/22/2026

  • Rep. Sherman, Brad [D-CA-32]

    CA • D

    Sponsored 1/30/2026

  • Rep. Beatty, Joyce [D-OH-3]

    OH • D

    Sponsored 2/11/2026

  • Rep. Grothman, Glenn [R-WI-6]

    WI • R

    Sponsored 2/11/2026

  • Rep. Goldman, Craig A. [R-TX-12]

    TX • R

    Sponsored 2/23/2026

  • Rep. Lawler, Michael [R-NY-17]

    NY • R

    Sponsored 2/23/2026

  • Rep. Peters, Scott H. [D-CA-50]

    CA • D

    Sponsored 2/24/2026

  • Rep. Velázquez, Nydia M. [D-NY-7]

    NY • D

    Sponsored 2/24/2026

  • Rep. McCormick, Richard [R-GA-7]

    GA • R

    Sponsored 2/24/2026

  • Rep. Scott, David [D-GA-13]

    GA • D

    Sponsored 2/24/2026

  • Rep. Larson, John B. [D-CT-1]

    CT • D

    Sponsored 3/3/2026

  • Rep. Issa, Darrell [R-CA-48]

    CA • R

    Sponsored 3/3/2026

  • Rep. Lee, Susie [D-NV-3]

    NV • D

    Sponsored 3/4/2026

  • Rep. Evans, Gabe [R-CO-8]

    CO • R

    Sponsored 3/4/2026

  • Rep. Beyer, Donald S. [D-VA-8]

    VA • D

    Sponsored 3/5/2026

  • Rep. Mrvan, Frank J. [D-IN-1]

    IN • D

    Sponsored 3/12/2026

  • Rep. Wittman, Robert J. [R-VA-1]

    VA • R

    Sponsored 3/12/2026

  • Rep. Carter, Earl L. "Buddy" [R-GA-1]

    GA • R

    Sponsored 3/17/2026

  • Rep. Latta, Robert E. [R-OH-5]

    OH • R

    Sponsored 3/24/2026

  • Rep. Estes, Ron [R-KS-4]

    KS • R

    Sponsored 3/24/2026

  • Rep. McDowell, Addison P. [R-NC-6]

    NC • R

    Sponsored 3/24/2026

  • Rep. Barrett, Tom [R-MI-7]

    MI • R

    Sponsored 3/25/2026

  • Rep. Donalds, Byron [R-FL-19]

    FL • R

    Sponsored 3/25/2026

  • Rep. Balderson, Troy [R-OH-12]

    OH • R

    Sponsored 3/26/2026

  • Rep. Nunn, Zachary [R-IA-3]

    IA • R

    Sponsored 3/26/2026

  • Rep. Salazar, Maria Elvira [R-FL-27]

    FL • R

    Sponsored 4/13/2026

  • Rep. Hinson, Ashley [R-IA-2]

    IA • R

    Sponsored 4/13/2026

  • Rep. Turner, Michael R. [R-OH-10]

    OH • R

    Sponsored 4/13/2026

  • Rep. Williams, Roger [R-TX-25]

    TX • R

    Sponsored 4/13/2026

  • Rep. Crank, Jeff [R-CO-5]

    CO • R

    Sponsored 4/13/2026

  • Rep. Goodlander, Maggie [D-NH-2]

    NH • D

    Sponsored 4/20/2026

  • Rep. Van Orden, Derrick [R-WI-3]

    WI • R

    Sponsored 4/21/2026

  • Rep. Pettersen, Brittany [D-CO-7]

    CO • D

    Sponsored 4/23/2026

  • Rep. Strickland, Marilyn [D-WA-10]

    WA • D

    Sponsored 4/27/2026

  • Rep. McGarvey, Morgan [D-KY-3]

    KY • D

    Sponsored 4/27/2026

  • Rep. Davis, Donald G. [D-NC-1]

    NC • D

    Sponsored 4/27/2026

  • Rep. Horsford, Steven [D-NV-4]

    NV • D

    Sponsored 5/4/2026

  • Rep. Neguse, Joe [D-CO-2]

    CO • D

    Sponsored 5/11/2026

  • Rep. Stauber, Pete [R-MN-8]

    MN • R

    Sponsored 5/11/2026

  • Rep. Bergman, Jack [R-MI-1]

    MI • R

    Sponsored 5/13/2026

  • Rep. Moore, Tim [R-NC-14]

    NC • R

    Sponsored 5/14/2026

  • Rep. Landsman, Greg [D-OH-1]

    OH • D

    Sponsored 5/14/2026

  • Rep. Moore, Barry [R-AL-1]

    AL • R

    Sponsored 5/14/2026

  • Rep. Wilson, Joe [R-SC-2]

    SC • R

    Sponsored 5/14/2026

  • Rep. Bost, Mike [R-IL-12]

    IL • R

    Sponsored 5/19/2026

  • Rep. Bacon, Don [R-NE-2]

    NE • R

    Sponsored 5/21/2026

  • Rep. Jack, Brian [R-GA-3]

    GA • R

    Sponsored 5/21/2026

  • Rep. Veasey, Marc A. [D-TX-33]

    TX • D

    Sponsored 5/29/2026

  • Rep. Nehls, Troy E. [R-TX-22]

    TX • R

    Sponsored 5/29/2026

  • Rep. Bishop, Sanford D. [D-GA-2]

    GA • D

    Sponsored 6/2/2026

  • Rep. Hurd, Jeff [R-CO-3]

    CO • R

    Sponsored 6/3/2026

  • Rep. Gottheimer, Josh [D-NJ-5]

    NJ • D

    Sponsored 6/3/2026

  • Rep. Ezell, Mike [R-MS-4]

    MS • R

    Sponsored 6/4/2026

  • Rep. Fleischmann, Charles J. "Chuck" [R-TN-3]

    TN • R

    Sponsored 6/4/2026

  • Rep. Kennedy, Timothy M. [D-NY-26]

    NY • D

    Sponsored 6/4/2026

  • Rep. Davids, Sharice [D-KS-3]

    KS • D

    Sponsored 6/4/2026

  • Rep. Budzinski, Nikki [D-IL-13]

    IL • D

    Sponsored 6/8/2026

  • Rep. Dunn, Neal P. [R-FL-2]

    FL • R

    Sponsored 6/8/2026

  • Rep. Garbarino, Andrew R. [R-NY-2]

    NY • R

    Sponsored 6/10/2026

  • Rep. Foxx, Virginia [R-NC-5]

    NC • R

    Sponsored 6/11/2026

  • Rep. Miller-Meeks, Mariannette [R-IA-1]

    IA • R

    Sponsored 6/15/2026

  • Rep. Haridopolos, Mike [R-FL-8]

    FL • R

    Sponsored 6/23/2026

  • Rep. Williams, Nikema [D-GA-5]

    GA • D

    Sponsored 6/23/2026

  • Rep. Downing, Troy [R-MT-2]

    MT • R

    Sponsored 6/23/2026

  • Rep. Mackenzie, Ryan [R-PA-7]

    PA • R

    Sponsored 6/29/2026

  • Rep. Kiley, Kevin [I-CA-3]

    CA • I

    Sponsored 6/29/2026

  • Rep. Pfluger, August [R-TX-11]

    TX • R

    Sponsored 6/30/2026

  • Rep. Timmons, William R. [R-SC-4]

    SC • R

    Sponsored 7/9/2026

  • Rep. Van Epps, Matt [R-TN-7]

    TN • R

    Sponsored 7/9/2026

  • Rep. Fischbach, Michelle [R-MN-7]

    MN • R

    Sponsored 7/9/2026

  • Rep. De La Cruz, Monica [R-TX-15]

    TX • R

    Sponsored 7/9/2026

  • Rep. Figures, Shomari [D-AL-2]

    AL • D

    Sponsored 7/13/2026

  • Rep. Latimer, George [D-NY-16]

    NY • D

    Sponsored 7/14/2026

  • Rep. Fitzpatrick, Brian K. [R-PA-1]

    PA • R

    Sponsored 7/14/2026

  • Rep. Sorensen, Eric [D-IL-17]

    IL • D

    Sponsored 7/15/2026

  • Rep. Courtney, Joe [D-CT-2]

    CT • D

    Sponsored 8/24/2026

  • Rep. Comer, James [R-KY-1]

    KY • R

    Sponsored 8/27/2026

  • Rep. Olszewski, Johnny [D-MD-2]

    MD • D

    Sponsored 8/27/2026

  • Rep. Bera, Ami [D-CA-6]

    CA • D

    Sponsored 9/3/2026

  • Rep. Soto, Darren [D-FL-9]

    FL • D

    Sponsored 9/10/2026

  • Rep. Cuellar, Henry [D-TX-28]

    TX • D

    Sponsored 9/14/2026

  • Rep. Davidson, Warren [R-OH-8]

    OH • R

    Sponsored 10/1/2026

  • Rep. Fong, Vince [R-CA-20]

    CA • R

    Sponsored 10/1/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation