US SB788 | 2025-2026 | 119th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: Introduced on February 27 2025 - 25% progression
Action: 2025-02-27 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Status: Introduced on February 27 2025 - 25% progression
Action: 2025-02-27 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Summary
A bill to amend the Internal Revenue Code of 1986 to impose an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences, and for other purposes.
Title
A bill to amend the Internal Revenue Code of 1986 to impose an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences, and for other purposes.
Sponsors
| Sen. Jeff Merkley [D-OR] | Sen. Angus King [I-ME] | Sen. Chris Van Hollen [D-MD] | Sen. Ruben Gallego [D-AZ] |
| Sen. Bernard Sanders [I-VT] | Sen. Mark Kelly [D-AZ] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-27 | Senate | Read twice and referred to the Committee on Finance. |
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/119th-congress/senate-bill/788/all-info |
