118th Congress Taxation
S. 4642: Ending Corporate Greed Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill imposes a tax through 2026 on certain corporations (corporations other than regulated investment companies, real estate investment trusts, or S corporations) that have average annual gross receipts for a three-year period of at least $500 million. The tax is 95% of what are deemed excess profits for a taxable year.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Edward Markey D-MAOriginal
Who scored on this bill
- 1Bernard Sanders SponsorDrew cross-party cosponsors, introduced2 events+6
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Other bills by Bernard Sanders
History
- Introduced in the Senate by Bernard Sanders.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.