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- S.2758
S.2758: Stock Buyback Accountability Act of 2021
About This Bill
- Introduced Sept. 20, 2021
- Latest Major Action Sept. 20, 2021
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - Sept. 20, 2021
Bill Summary
Stock Buyback Accountability Act of 2021 This bill imposes a 2% excise tax on the value of any stock of certain publicly-traded domestic and foreign corporations repurchased (i.e., redeemed) by such corporations. The bill allows exemptions from the tax for repurchases that are part of a reorganization, for repurchased stock that is contributed to an employer-sponsored retirement plan or employee stock ownership plan, for repurchased stock...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Sept. 20, 2021 |
Read twice and referred to the Committee on Finance.
|
| Sept. 20, 2021 |
Introduced in the Senate by Sherrod Brown (D-Ohio) |