Bill118th CongressFiled Mar 21, 2024Taxation
S. 4011
Stop Subsidizing Giant Mergers Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Mar 21, 2024)
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 just happenedMar 21, 2024
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Whitehouse, Sheldon [D-RI](D-RI)Sponsor
1 cosponsor1 R
1cosponsors1committees2actions
- Introduced in SenateMar 21, 2024
- Mar 21, 2024IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Mar 21, 2024IntroReferral10000
Introduced in Senate