S 4011
118th Congress
Senate
Taxation
Stop Subsidizing Giant Mergers Act
Introduced: March 21, 2024
Introduced by:
Whitehouse, Sheldon
Democratic
· Rhode Island
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 21, 2024
Read twice and referred to the Committee on Finance.
Mar 21, 2024
Introduced in Senate
Plain-English summary
Stop Subsidizing Giant Mergers Act
This bill eliminates the deferral of tax for shareholders who receive stock through corporate mergers, acquisitions, or transfers involving corporations with annual gross receipts exceeding $500 million over the three preceding taxable year period.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1