H.R.4426: Wall Street Bonus Tax Act

About This Bill

  • This bill was introduced in the 111th Congress
  • This bill is primarily about taxation
  • Introduced Jan. 12, 2010
  • Latest Major Action Jan. 12, 2010

Bill Sponsor

Bill Cosponsors

64 (All Democrats)

Bill Summary

Wall Street Bonus Tax Act - Amends the Internal Revenue Code to: (1) impose a tax on current or former employees of recipients of financial assistance under the Trouble Asset Relief Program (TARP) for 50% of any bonus exceeding $50,000 paid to them during 2010; and (2) establish in the Treasury the Small Business Growth Fund to hold revenues from such tax. Requires the Administrator of the Small Business Administration (SBA) to establish and...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 13 statements associated with H.R.4426.

Bill Actions

Date Description
Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Ways and Means
Referred to House Small Business
Referred to the Subcommittee on Finance and Tax.
Jan. 12, 2010

Introduced in the House by Peter Welch (D-Vt.)

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