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Ending Corporate Greed Act

12/29/2022, 10:33 PM

Congressional Summary of S 3933

Ending Corporate Greed Act

This bill imposes a tax through 2024 on certain corporations (corporations other than regulated investment companies, real estate investment trusts, or S corporations) that have average annual gross receipts for a three-year period of at least $500 million. The tax is 95% of what are deemed excess profits for a taxable year.

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Current Status of Bill S 3933

Bill S 3933 is currently in the status of Bill Introduced since March 28, 2022. Bill S 3933 was introduced during Congress 117 and was introduced to the Senate on March 28, 2022.  Bill S 3933's most recent activity was Read twice and referred to the Committee on Finance. as of March 28, 2022

Bipartisan Support of Bill S 3933

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
0
Unaffiliated Sponsors
1
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3933

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 3933

Ending Corporate Greed Act
Ending Corporate Greed Act
A bill to amend the Internal Revenue Code of 1986 to impose an income tax on excess profits of certain corporations.

Comments

Sponsors and Cosponsors of S 3933

Bernard Sanders
Bernard Sanders
VermontIndependent
Edward J. Markey
Edward J. Markey
MassachusettsDemocrat

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