,,ii  #aaeth ,,congress  #ast ,session  
,s4 #ac  ,,in ,,the ,,senate ,,of ,,the 
,,united ,,states  ,january #c1         
#bjag,mr4 ,whitehouse 7for himself1 ,ms4
 ,baldwin1 ,ms4 ,warren1 and ,mrs4      
,feinstein7 introduced the following    
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend the ,internal ,revenue ,code
 of #aihf to prevent high net worth     
individuals from receiving tax windfalls
 for entering government service4  #a4  
,short title ,this ,act may be cited as 
the ,no ,windfalls for ,government      
,service ,act4  #b4 ,lifetime limitation
 on nonrecognition of property sold to  
comply with conflict-of-interest        
requirements  7a7 ,in general ,section  
#ajdc of the ,internal ,revenue ,code of
 #aihf is amended by adding at the end  
the following new subsection3  7d7      
,limitation ,the amount of gain to which
 subsection 7a7 applies with respect to 
any taxpayer for a taxable year shall   
not exceed #a1jjj1jjj reduced by the    

amount of gain to which subsection 7a7  
applied with respect to such taxpayer   
for all preceding taxable years4  4  7b7
 ,effective date ,the amendment made by 
this section shall apply to sales in    
taxable years beginning after ,december 
#ca1 #bjaf4