S3942Referred to Committee

SPONSOR Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-02-26
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Ted Cruz
Ted Cruz
Republican · TX · Senator
Votes with party: 75.7% (868 recorded votes)
Top industries funding sponsor:
  • Conservative Groups$464k

Full profile: /officials/C001098

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 →

Read twice and referred to the Committee on Finance.

2026-02-26

Source: Congress.gov

Committee Activity

Currently in

Previously

Plain-English Summary

The SPONSOR Act appears to address tax policy, though the specific provisions are not detailed in the available information. Based on its referral to the Senate Finance Committee, it likely proposes changes to how certain entities or individuals are taxed, though without more details about the bill's contents, the exact impact on workers, businesses, or taxpayers cannot be determined.

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

Taxation
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Related legislation

Bills by the same sponsor or covering overlapping subjects.