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S4796Referred to Committee

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.

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-06-16
Introduced
6
Cosponsors
S
ⓘ
Type

Sponsor

Charles E. Schumer
Charles E. Schumer
Democrat · NY · Senator
Votes with party: 85.0% (831 recorded votes)

Full profile: /officials/S000148

Source: Congress.gov · FEC

Cosponsors (6)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

  • Chris Van Hollen (D-MD)Original· 2026-06-16
  • Edward J. Markey (D-MA)Original· 2026-06-16
  • Elizabeth Warren (D-MA)Original· 2026-06-16
  • Jack Reed (D-RI)Original· 2026-06-16
  • Ron Wyden (D-OR)Original· 2026-06-16
  • Sheldon Whitehouse (D-RI)Original· 2026-06-16

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.

2026-06-16

Source: Congress.gov

Committee Activity

Currently in

  • Senate Committee on FinanceReferred To · 2026-06-16

Plain-English Summary

The bill would increase the federal tax that companies pay when they buy back their own stock from shareholders. This tax increase would affect large corporations that repurchase shares and could potentially change how companies decide to return money to investors. The revenue from the higher tax could be used for other government purposes.

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.

Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • S4791A bill to abolish the Anti-Weaponization Fund, and for other purposes.
    Referred to Committee · 2026-06-16
  • S4781A bill to expand the mission of the Export-Import Bank of the United States and focus on building export-related domestic critical industries that produce goods and services that support employment in the United States and strengthen global competitiveness, and for other purposes.
    Referred to Committee · 2026-06-15
  • SJRES149A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed".
    Referred to Committee · 2026-05-13
  • S4124A bill to prohibit funds made available to the Department of Justice from being used to make a personal payment to the President in connection with a claim that is subject to the Federal Tort Claims Act, whether in the form of a settlement or any other payment from the Judgment Fund for the personal benefit of the President.
    Introduced · 2026-03-18