Generate Retirement Ownership Through Long-Term Holding Act of 2007 - Amends the Internal Revenue Code to provide that no gain shall be recognized on the receipt of a capital gain dividend distributed by a regulated investment company if such dividend is automatically reinvested in additional shares of the company pursuant to a dividend reinvestment plan.
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Oct 2, 2007
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S12440)
Oct 2, 2007
Sponsor introductory remarks on measure. (CR S12439-12440)