Window of Opportunity Act

Sponsor introductory remarks on measure. (CR E2484)

Congressional Research Service

Official summary

Version 00 · Introduced in House · Sep 21, 1993

TABLE OF CONTENTS: Title I: Temporary Reduction in Tax on Capital Gains Title II: Indexing of Certain Assets Window of Opportunity Act - Title I: Temporary Reduction in Tax on Capital Gains - Amends the Internal Revenue Code to reduce the individual and corporate capital gains taxes to six percent (three percent for low- and middle-income taxpayers) on capital gains during a moratorium period of one year beginning after the date of enactment of this Act. Title II: Indexing of Certain Assets - Requires indexing, based on the gross national product deflator, of the adjusted basis of certain assets (corporate stock and tangible property that is a capital asset or property used in a trade or business) that have been held for more than one year at the time of sale or other transfer, solely for the purpose of determining gain or loss.

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People & committees

Who introduced it

Rep. Kyl, Jon [R-AZ-4] · R–AZ

Committees

Ways and Means Committee

2 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Oct 20, 1993
Sponsor introductory remarks on measure. (CR E2484)
Sep 21, 1993
Referred to the House Committee on Ways and Means.
Sep 21, 1993
Introduced in House
Sep 21, 1993
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Sep 21, 1993 Formatted Text PDF

Related bills identified by Congress.gov

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Source last updated: Aug 26, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.3101 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.3101, 103rd Congress: Window of Opportunity Act

Official record: https://www.congress.gov/bill/103rd-congress/house-bill/3101

Text version to examine: Introduced in House · 1993-09-21.

Official full text: https://www.congress.gov/103/bills/hr3101/BILLS-103hr3101ih.htm

Imported record last updated by the source: 2025-08-26T13:52:18Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.3101 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.3101 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss H.R.3101, 103rd Congress: Window of Opportunity Act

Official record: https://www.congress.gov/bill/103rd-congress/house-bill/3101

Text version to examine: Introduced in House · 1993-09-21.

Official full text: https://www.congress.gov/103/bills/hr3101/BILLS-103hr3101ih.htm

Imported record last updated by the source: 2025-08-26T13:52:18Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3101 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.3101 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss H.R.3101, 103rd Congress: Window of Opportunity Act

Official record: https://www.congress.gov/bill/103rd-congress/house-bill/3101

Text version to examine: Introduced in House · 1993-09-21.

Official full text: https://www.congress.gov/103/bills/hr3101/BILLS-103hr3101ih.htm

Imported record last updated by the source: 2025-08-26T13:52:18Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3101 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.3101 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.3101, 103rd Congress: Window of Opportunity Act

Official record: https://www.congress.gov/bill/103rd-congress/house-bill/3101

Text version to examine: Introduced in House · 1993-09-21.

Official full text: https://www.congress.gov/103/bills/hr3101/BILLS-103hr3101ih.htm

Imported record last updated by the source: 2025-08-26T13:52:18Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.3101 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.