,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #gghg  ,,in ,,the ,,house ,,of  
,,representatives  ,july #bd1 #bjbj,mr4 
,schweikert 7for himself and ,mr4       
,nunes7 introduced the following bill2  
which was referred to the ,committee on 
,ways and ,means  ,a ,,bill  ,to amend  
the ,internal ,revenue ,code of #aihf to
 provide a reduced capital gains rate on
 certain property acquired in #bjbj4    
#a4 ,short title ,this ,act may be cited
 as the ,invest ,now ,act4  #b4 ,reduced
 capital gains rate on certain property 
acquired in #bjbj  7a7 ,in general      
,section #a7;h7 of the ,internal        
,revenue ,code of #aihf is amended by   
adding at the end the following new     
paragraph3  7#ab7 ,reduced rate for     
certain property acquired in #bjbj  7,a7
 ,in general ,so much of the adjusted   
net capital gain taxed at a rate of #bj 
percent under paragraph 7#a7 7determined
 without regard to this paragraph7 to   
the extent attributable to the sale or  
exchange of qualified property shall be 

taxed at a rate of #e percent under such
 paragraph 7and not #bj percent74  7,b7 
,coordination with #ae percent rate ,so 
much of the adjusted net capital gain   
taxed at a rate of #ae percent or #bj   
percent under paragraph 7#a7 7determined
 without regard to this paragraph7 to   
the extent attributable to the sale or  
exchange of qualified property 7reduced 
by so much of such gain as is taxed at  
the rate determined under clause 7i77   
shall be taxed at a rate of #e percent  
7and not #ae percent74  7,c7 ,qualified 
property ,for purposes of this          
paragraph-- 7i7 ,in general ,the term   
qualified property means any property-- 
7,i7 purchased 7as defined in section   
#agi7;d77#b77 by the taxpayer after     
,december #ca1 #bjai1 and before        
,january #a1 #bjba1 and  7,,ii7 held by 
the taxpayer 7as determined under       
section #abbc7 for a period of more than
 #e years4  7ii7 ,exception for wash    
sales ,such term shall not include any  
property the basis of which is          

determined under section #ajia7;d74  4  
7b7 ,effective date ,the amendment made 
by this section shall apply to taxable  
years beginning after ,december #ca1    
#bjbj4