Politiparty
Politiparty

118th Congress Taxation

S. 4011: Stop Subsidizing Giant Mergers Act

Introduced

  1. Introduced (completed)Mar 21, 2024
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Mar 21, 2024

This bill eliminates the deferral of tax for shareholders who receive stock through corporate mergers, acquisitions, or transfers involving corporations with annual gross receipts exceeding $500 million over the three preceding taxable year period.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

1

Bipartisan support.

Who scored on this bill

6 points earned
  1. 1Sheldon Whitehouse D-RI SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Sheldon Whitehouse

History

  1. Mar 21, 2024Introduced in the Senate by Sheldon Whitehouse.
Show the full action history (2 actions)
  1. Mar 21, 2024Introduced in Senate
  2. Mar 21, 2024Read twice and referred to the Committee on Finance.