US Congress House Bill 4412 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on December 19 2009 - 25% progression, died in chamber
Action: 2009-12-19 - Referred to the Subcommittee on Finance and Tax.
Text: Latest bill text (Introduced) [PDF]

Wall Street Bonus Tax Act - Amends the Internal Revenue Code to: (1) impose an excise tax on 50% of any bonus exceeding $50,000 paid during 2010 by a recipient of financial assistance under the Troubled Asset Relief Program (TARP) to a current or former employee; 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 carry out a program to make loans directly to small business concerns. Makes amounts from such Fund available to carry out such program.

Wall Street Bonus Tax Act

Sen. Peter Welch [D-VT]

Date	Chamber	Action
2009-12-19		Referred to the Subcommittee on Finance and Tax.
2009-12-19		Referred to House Small Business
2009-12-19		Referred to House Ways and Means
2009-12-19		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.

HB4426 (Related) 2010-01-12 - Referred to the Subcommittee on Finance and Tax.
SB3007 (Related) 2010-02-11 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/4412/all-info
Text	https://www.congress.gov/111/bills/hr4412/BILLS-111hr4412ih.pdf