Prohibiting Unrealized Capital Gains Taxation Act
This bill prohibits the Department of the Treasury or any other federal official from imposing a tax on unrealized capital gains (i.e., not sold or otherwise disposed of).
To prohibit the implementation of unrealized capital gains taxation.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Prohibiting Unrealized Capital Gains 
Taxation Act''.

SEC. 2. PROHIBITION ON THE IMPLEMENTATION OF NEW FEDERAL REQUIREMENTS 
              TO TAX UNREALIZED CAPITAL GAINS.

    The Secretary of the Treasury (including any delegate of the 
Secretary) or any other Federal Government official shall not require 
or impose the implementation of taxation on unrealized capital gains, 
from any taxable asset, including but not limited to covered and 
noncovered tradable assets, gifts, bequests, and transfers in trust, 
except to the extent that such reporting is required under any program, 
or other provision of law, as in effect on October 15, 2021.
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Prohibiting Unrealized Capital Gains Taxation Act
To prohibit the implementation of unrealized capital gains taxation.
Prohibiting Unrealized Capital Gains Taxation Act
Rep. Donalds, Byron