CLOSE Act
Sponsor
- Conservative Groups$35,115k
Full profile: /officials/H001104
Source: Congress.gov · FEC
Cosponsors (1)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- Senate Committee on FinanceReferred To · 2026-02-02
Previously
- Finance CommitteeReferred To · 2026-02-02
Plain-English Summary
The CLOSE Act would restrict or eliminate certain tax benefits and deductions that companies currently use, likely to increase federal revenue or change how businesses are taxed. The bill would affect employers and potentially workers whose compensation or benefits are tied to these tax advantages. The specific changes would depend on which tax provisions the legislation targets.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Subjects
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