US HB4426 | 2009-2010 | 111th Congress

Status

Spectrum: Partisan Bill (Democrat 66-0)
Status: Introduced on January 12 2010 - 25% progression, died in chamber
Action: 2010-01-12 - Referred to the Subcommittee on Finance and Tax.
Text: Latest bill text (Introduced) [PDF]

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 carry out a program to make loans directly to small business concerns. Makes amounts from such Fund available to carry out such program.

Tracking Information

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Title

Wall Street Bonus Tax Act

Sponsors

Sen. Tammy Baldwin [D-WI]Rep. Timothy Bishop [D-NY]Rep. Leonard Boswell [D-IA]Rep. Bruce Braley [D-IA]
Rep. Lois Capps [D-CA]Rep. Michael Capuano [D-MA]Rep. Dennis Cardoza [D-CA]Rep. Kathy Castor [D-FL]
Rep. Judy Chu [D-CA]Rep. Steve Cohen [D-TN]Rep. Gerald Connolly [D-VA]Rep. John Conyers [D-MI]
Rep. Joe Courtney [D-CT]Rep. Susan Davis [D-CA]Rep. Peter DeFazio [D-OR]Rep. John Dingell [D-MI]
Rep. Lloyd Doggett [D-TX]Rep. Donna Edwards [D-MD]Rep. Keith Ellison [D-MN]Rep. Eni Faleomavaega [D-AS]
Rep. Bob Filner [D-CA]Rep. John Garamendi [D-CA]Rep. Gene Green [D-TX]Rep. Raul Grijalva [D-AZ]
Rep. Luis Gutierrez [D-IL]Rep. John Hall [D-NY]Rep. Phil Hare [D-IL]Rep. Maurice Hinchey [D-NY]
Sen. Mazie Hirono [D-HI]Rep. Rush Holt [D-NJ]Rep. Jay Inslee [D-WA]Rep. Jesse Jackson [D-IL]
Rep. Sheila Jackson-Lee [D-TX]Rep. Henry Johnson [D-GA]Rep. Steve Kagen [D-WI]Rep. Marcy Kaptur [D-OH]
Rep. Dale Kildee [D-MI]Rep. John Larson [D-CT]Rep. Barbara Lee [D-CA]Rep. Daniel Lipinski [D-IL]
Rep. David Loebsack [D-IA]Rep. Zoe Lofgren [D-CA]Rep. Eric Massa [D-NY]Rep. Jim McDermott [D-WA]
Rep. James McGovern [D-MA]Rep. Michael Michaud [D-ME]Rep. James Moran [D-VA]Rep. David Obey [D-WI]
Rep. John Olver [D-MA]Rep. Frank Pallone [D-NJ]Rep. Chellie Pingree [D-ME]Rep. Laura Richardson [D-CA]
Rep. Steven Rothman [D-NJ]Rep. Janice Schakowsky [D-IL]Rep. Mark Schauer [D-MI]Rep. Carol Shea-Porter [D-NH]
Rep. Louise Slaughter [D-NY]Rep. Betty Sutton [D-OH]Rep. Harry Teague [D-NM]Rep. Paul Tonko [D-NY]
Rep. Paul Tonko [D-NY]Rep. Niki Tsongas [D-MA]Sen. Peter Welch [D-VT]Rep. Charles Wilson [D-OH]
Rep. Lynn Woolsey [D-CA]Rep. John Yarmuth [D-KY]

History

DateChamberAction
2010-01-12 Referred to the Subcommittee on Finance and Tax.
2010-01-12 Referred to House Small Business
2010-01-12 Referred to House Ways and Means
2010-01-12 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.

Same As/Similar To

HB4412 (Related) 2009-12-19 - Referred to the Subcommittee on Finance and Tax.
SB3007 (Related) 2010-02-11 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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