S 4011 · 118th Congress · Taxation

Stop Subsidizing Giant Mergers Act

Introduced 2024-03-21· Sponsored by Sen. Whitehouse, Sheldon [D-RI]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2024-03-21)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Sen. Vance, J. D. [R-OH]OH