118th Congress Taxation
S. 800: DEPOSIT 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 an increased tax rate on bonuses paid after March 1, 2023, and profits from sales of bank stock received by highly-paid bank executives employed by failing banks that were closed and for which the Federal Deposit Insurance Corporation has been appointed conservator or receiver. The bill expresses the sense of the Senate that revenues from such increased taxes be returned to the Deposit Insurance Fund of the Federal Deposit Insurance Corporation.
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
- Kyrsten Sinema I-AZ
- Amy Klobuchar D-MN
- Tina Smith D-MN
- Peter Welch D-VT
- Mark Warner D-VA
- Jeff Merkley D-OR
- Jeanne Shaheen D-NH
Who scored on this bill
- 1Richard Blumenthal SponsorIntroduced, drew cross-party cosponsors2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the Senate by Richard Blumenthal.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.