H.R. 878 (110th): Simplification Through Additional Reporting Tax Act of 2007

Introduced:
Feb 07, 2007 (110th Congress, 2007–2009)
Sponsor:
Rep. Rahm Emanuel [D-IL5]
Status:
Died (Referred to Committee)
See Instead:

S. 601 (same title)
Referred to Committee — Feb 14, 2007

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on February 7, 2007, in a previous session of Congress, but was not enacted.

Progress
Introduced Feb 07, 2007
Cosponsors
11 cosponsors (10D, 1R) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to require broker reporting of customer's basis in securities transactions, and for other purposes.

Summary

No summaries available.

Text

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Last updated Feb 07, 2007.
4 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

2/7/2007--Introduced.
Simplification Through Additional Reporting Tax Act of 2007 - Amends the Internal Revenue Code to include within the reporting requirements of investment brokers the adjusted basis of any security owned by customers of such brokers.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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