S 1654 · 101th Congress · Taxation
Excessive Churning and Speculation Act of 1989
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Committee on Finance. Hearings held. Hearings printed: S.Hrg. 101-929.(1990-03-21)
Plain Language Summary
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Excessive Churning and Speculation Act of 1989 - Amends the Internal Revenue Code to impose an excise tax on the gain on the sale by employer pension plans of investment assets held 180 days or less. Exempts pension plans with assets of less than $1,000,000.…
Summarized by Claude AI · Non-partisan · For informational purposes only