3.0.0 2033 2019-11-15T21:52:17Z 2019-11-15T21:52:17Z Senate S S 2012-01-23 112 ssfi00 Finance Committee Senate Standing Referred to 2012-01-23T21:21:17Z 2012-01-23 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2012-01-23 Sponsor introductory remarks on measure. (CR S45) IntroReferral B00100 9 Library of Congress 2012-01-23 Introduced in Senate IntroReferral 10000 9 Library of Congress L000261 Sen. Levin, Carl [D-MI] CARL LEVIN D MI MILTON N Taxation Accounting and auditing Capital gains tax Commodities markets Income tax rates Securities Tax administration and collection, taxpayers Taxation

00 2012-01-23 Introduced in Senate 2012-02-24T23:09:01Z 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 marginal rates).

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Short Titles as Introduced Display Title Official Title as Introduced Introduced in Senate 2012-01-23T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s2033is/xml/BILLS-112s2033is.xml 2012-01-23 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.