S 4642 118th Congress Senate Taxation

Ending Corporate Greed Act

Introduced: July 9, 2024 Introduced by: Sanders, Bernard Independent · Vermont See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 9, 2024

Read twice and referred to the Committee on Finance.

Jul 9, 2024

Introduced in Senate

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Plain-English summary Congressional Research Service

Ending Corporate Greed Act

This bill imposes a tax through 2026 on certain corporations (corporations other than regulated investment companies, real estate investment trusts, or S corporations) that have average annual gross receipts for a three-year period of at least $500 million. The tax is 95% of what are deemed excess profits for a taxable year.

What's happening now July 9, 2024

Read twice and referred to the Committee on Finance.

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Finance Committee
Senate

Cosponsors 1

Markey, Edward J.

Massachusetts · Jul 9, 2024

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APA

U.S. Congress. (2026). S. 4642: Ending Corporate Greed Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-4642/

MLA

"S. 4642: Ending Corporate Greed Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-4642/.

Bluebook (legal)

S. 4642, 118th Cong. (2026), https://openamerica.io/bill/118-S-4642/.

Markdown link

[S. 4642: Ending Corporate Greed Act](https://openamerica.io/bill/118-S-4642/)