Bill119th CongressFiled Jun 16, 2026
S. 4796
A bill to amend the Internal Revenue Code of 1986 to increase the rate of the excise tax on the repurchase of corporate stock, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it does
A plain-language summary from the Congressional Research Service isn’t available yet for this bill. CRS summaries are typically posted within a few weeks of introduction.
What just happenedJun 16, 2026
Read twice and referred to the Committee on Finance. (text: CR S2821)
Who’s behind it
Sen. Schumer, Charles E. [D-NY](D-NY)Sponsor
6 cosponsors