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A bill to amend the Internal Revenue Code of 1986 to repeal the modification of the definition of adjusted taxable income for purposes of the limitation on business interest.

3/27/2026, 10:56 AM

Summary of Bill S 4221

The bill titled "A bill to amend the Internal Revenue Code of 1986 to repeal the modification of the definition of adjusted taxable income for purposes of the limitation on business interest" was introduced in the 119th Congress as S. 4221 on March 26, 2026.

Current Status of Bill S 4221

Bill S 4221 is currently in the status of Bill Introduced since March 26, 2026. Bill S 4221 was introduced during Congress 119 and was introduced to the Senate on March 26, 2026.  Bill S 4221's most recent activity was Read twice and referred to the Committee on Finance. as of March 26, 2026

Bipartisan Support of Bill S 4221

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

Policy Area and Potential Impact of Bill S 4221

Primary Policy Focus

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