Basis Shifting is a Rip-off Act

Hozzl · 2025-07-07T19:14:35Z

Explore the details of Senate Bill 2094 Basis Shifting is a Rip-off Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

7/7/2025, 7:14 PM

Summary of Bill S 2094

This bill, titled "A bill to amend the Internal Revenue Code of 1986 to modify the partnership rules for taxation of basis-shifting transactions involving related parties, and for other purposes," was introduced in the 119th Congress on June 17, 2025.

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Current Status of Bill S 2094

Bill S 2094 is currently in the status of Bill Introduced since June 17, 2025. Bill S 2094 was introduced during Congress 119 and was introduced to the Senate on June 17, 2025. Bill S 2094's most recent activity was Read twice and referred to the Committee on Finance. as of June 17, 2025

Bipartisan Support of Bill S 2094

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 2094

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 2094

A bill to amend the Internal Revenue Code of 1986 to modify the partnership rules for taxation of basis-shifting transactions involving related parties, and for other purposes.