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S. 4642 118th Congress Senate

Ending Corporate Greed Act

Official title: A bill to amend the Internal Revenue Code of 1986 to impose an income tax on excess profits of certain corporations.

Introduced: July 9, 2024 Introduced by: Bernard Sanders Independent · Vermont See on congress.gov
Taxation
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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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 Latest action July 9, 2024

Read twice and referred to the Committee on Finance.

 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. 

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Markey, Edward J.
Massachusetts · Jul 9, 2024
Cite this page click to expand
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/)
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