US Congress Senate Bill 3007 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 11 2010 - 25% progression, died in chamber
Action: 2010-02-11 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]

Wall Street Bonus Tax Act - Amends the Internal Revenue Code to: (1) impose a tax on current or former employees of recipients of financial assistance under the Trouble Asset Relief Program (TARP) for 50% of any bonus exceeding $25,000 paid to them during 2010; and (2) establish in the Treasury the Small Business Growth Fund to hold revenues from such tax. Requires the Administrator of the Small Business Administration (SBA) to establish and carry out a program to make loans directly to small business concerns. Makes amounts from such Fund available to carry out such program.

Wall Street Bonus Tax Act

Sen. Sherrod Brown [D-OH]

Date	Chamber	Action
2010-02-11		Read twice and referred to the Committee on Finance.
2010-02-11		Sponsor introductory remarks on measure. (CR S570)

HB4412 (Related) 2009-12-19 - Referred to the Subcommittee on Finance and Tax.
HB4426 (Related) 2010-01-12 - Referred to the Subcommittee on Finance and Tax.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/3007/all-info
Text	https://www.congress.gov/111/bills/s3007/BILLS-111s3007is.pdf