Legis Daily

Stop Subsidizing Giant Mergers Act

USA118th CongressS-4011| Senate 
| Updated: 3/21/2024
Sheldon Whitehouse

Sheldon Whitehouse

Democratic Senator

Rhode Island

Cosponsors (1)
J. D. Vance (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Mar 21, 2024
Introduced in Senate
Mar 21, 2024
Read twice and referred to the Committee on Finance.
  • March 21, 2024
    Introduced in Senate


  • March 21, 2024
    Read twice and referred to the Committee on Finance.

Taxation

Stop Subsidizing Giant Mergers Act

USA118th CongressS-4011| Senate 
| Updated: 3/21/2024
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.
View Full Text

Suggested Questions

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

Timeline
Mar 21, 2024
Introduced in Senate
Mar 21, 2024
Read twice and referred to the Committee on Finance.
  • March 21, 2024
    Introduced in Senate


  • March 21, 2024
    Read twice and referred to the Committee on Finance.
Sheldon Whitehouse

Sheldon Whitehouse

Democratic Senator

Rhode Island

Cosponsors (1)
J. D. Vance (Republican)

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted