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DEPOSIT Act

USA118th CongressHR-1654| House 
| Updated: 3/17/2023
Adam B. Schiff

Adam B. Schiff

Democratic Representative

California

Cosponsors (27)
Dwight Evans (Democratic)John Garamendi (Democratic)Barbara Lee (Democratic)Raúl M. Grijalva (Democratic)Mark Pocan (Democratic)Eric Swalwell (Democratic)Maxwell Frost (Democratic)Tony Cárdenas (Democratic)Donald M. Payne (Democratic)Ro Khanna (Democratic)Henry C. "Hank" Johnson (Democratic)André Carson (Democratic)Brendan F. Boyle (Democratic)Daniel S. Goldman (Democratic)Anna G. Eshoo (Democratic)Mark Takano (Democratic)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Bonnie Watson Coleman (Democratic)Donald S. Beyer (Democratic)James P. McGovern (Democratic)Suzanne Bonamici (Democratic)Kevin Mullin (Democratic)Jimmy Gomez (Democratic)Rashida Tlaib (Democratic)Chellie Pingree (Democratic)Mike Levin (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Deliver Executive Profits On Seized Institutions to Taxpayers Act or the DEPOSIT Act This bill imposes an increased tax rate on bonuses paid after March 1, 2023, and profits from sales of bank stock received by highly-paid bank executives employed by failing banks that were closed and for which the Federal Deposit Insurance Corporation has been appointed conservator or receiver. The bill expresses the sense of the Congress that revenues from such increased taxes be returned to the Deposit Insurance Fund of the Federal Deposit Insurance Corporation.
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Timeline
Mar 17, 2023
Introduced in House
Mar 17, 2023
Referred to the House Committee on Ways and Means.
Jun 6, 2023

Latest Companion Bill Action

S 118-1814
Introduced in Senate
  • March 17, 2023
    Introduced in House


  • March 17, 2023
    Referred to the House Committee on Ways and Means.


  • June 6, 2023

    Latest Companion Bill Action

    S 118-1814
    Introduced in Senate

Taxation

Related Bills

  • S 118-800: DEPOSIT Act

DEPOSIT Act

USA118th CongressHR-1654| House 
| Updated: 3/17/2023
Deliver Executive Profits On Seized Institutions to Taxpayers Act or the DEPOSIT Act This bill imposes an increased tax rate on bonuses paid after March 1, 2023, and profits from sales of bank stock received by highly-paid bank executives employed by failing banks that were closed and for which the Federal Deposit Insurance Corporation has been appointed conservator or receiver. The bill expresses the sense of the Congress that revenues from such increased taxes be returned to the Deposit Insurance Fund of the Federal Deposit Insurance Corporation.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 17, 2023
Introduced in House
Mar 17, 2023
Referred to the House Committee on Ways and Means.
Jun 6, 2023

Latest Companion Bill Action

S 118-1814
Introduced in Senate
  • March 17, 2023
    Introduced in House


  • March 17, 2023
    Referred to the House Committee on Ways and Means.


  • June 6, 2023

    Latest Companion Bill Action

    S 118-1814
    Introduced in Senate
Adam B. Schiff

Adam B. Schiff

Democratic Representative

California

Cosponsors (27)
Dwight Evans (Democratic)John Garamendi (Democratic)Barbara Lee (Democratic)Raúl M. Grijalva (Democratic)Mark Pocan (Democratic)Eric Swalwell (Democratic)Maxwell Frost (Democratic)Tony Cárdenas (Democratic)Donald M. Payne (Democratic)Ro Khanna (Democratic)Henry C. "Hank" Johnson (Democratic)André Carson (Democratic)Brendan F. Boyle (Democratic)Daniel S. Goldman (Democratic)Anna G. Eshoo (Democratic)Mark Takano (Democratic)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Bonnie Watson Coleman (Democratic)Donald S. Beyer (Democratic)James P. McGovern (Democratic)Suzanne Bonamici (Democratic)Kevin Mullin (Democratic)Jimmy Gomez (Democratic)Rashida Tlaib (Democratic)Chellie Pingree (Democratic)Mike Levin (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • S 118-800: DEPOSIT Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted