Bill · H.R. 2089· House(119-HR-2089)

Generating Retirement Ownership through Long-Term Holding

Age: 56 years

Texas

Introduced: 3/11/2025
Last activity: 3/11/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Beth Van Duyne
Cosponsors: - 73 - 56

Taxation

Introduced
In Committee

What this bill would do

This bill, titled the "Generating Retirement Ownership through Long-Term Holding" Act, proposes changes to the Internal Revenue Code of 1986. It aims to allow individuals to defer paying taxes on capital gain dividends received from regulated investment companies if those dividends are automatically reinvested into more shares through a dividend reinvestment plan. While the gain is not recognized immediately, it will be taxed later upon the sale or redemption of the shares or upon the death of the individual. The bill also establishes specific rules for determining the holding period of these reinvested shares. These changes would apply to taxable years ending after the date the Act is enacted.

Yes· 3 of 12

Would people with substantial wealth be better off under this?+7
Directly benefits those with substantial portfolios in regulated investment companies.
Would the very wealthiest people be better off under this?+7
Significant tax deferral advantage for very large portfolios.
Would billionaires be better off under this?+7
Significant tax deferral advantage for very large portfolios.

The opposite

Would children be better off under this?-2
Specifically excludes individuals who are a deduction under section 151, which often includes children.
Does this reduce what the federal government owes?-2
Tax deferral may slightly reduce immediate government tax receipts.