US SB800 | 2023-2024 | 118th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 7-1)
Status: Introduced on March 14 2023 - 25% progression, died in committee
Action: 2023-03-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 14 2023 - 25% progression, died in committee
Action: 2023-03-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
A bill to amend the Internal Revenue Code of 1986 to impose a higher rate of tax on bonuses and profits from sales of stock received by executives employed by failing banks that were closed and for which the Federal Deposit Insurance Corporation has been appointed as conservator or receiver.
Title
DEPOSIT Act Deliver Executive Profits On Seized Institutions to Taxpayers Act
Sponsors
| Sen. Richard Blumenthal [D-CT] | Sen. Kyrsten Sinema [I-AZ] | Sen. Amy Klobuchar [D-MN] | Sen. Tina Smith [D-MN] |
| Sen. Mark Warner [D-VA] | Sen. Peter Welch [D-VT] | Sen. Jeff Merkley [D-OR] | Sen. Jeanne Shaheen [D-NH] |
History
| Date | Chamber | Action |
|---|---|---|
| 2023-03-14 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB1654 (Same As) 2023-03-17 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/118th-congress/senate-bill/800/all-info |
| Text | https://www.congress.gov/118/bills/s800/BILLS-118s800is.pdf |
