HR 4426
111th Congress
House
Taxation
Corporate finance and management
Financial crises and stabilization
Government lending and loan guarantees
Government trust funds
Sales and excise taxes
Small business
Wages and earnings
Wall Street Bonus Tax Act
Everywhere this bill has been
5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 12, 2010
Referred to House Small Business
Jan 12, 2010
Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 12, 2010
Referred to House Ways and Means
Jan 12, 2010
Referred to the Subcommittee on Finance and Tax.
Jan 12, 2010
Introduced in House
Plain-English summary
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 $50,000 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.
What's happening now
Referred to House Small Business
Committees of jurisdiction
3