S 4011 · 118th Congress

Stop Subsidizing Giant Mergers Act

Right now, when a big company buys another company and shareholders receive stock as part of the deal, they can delay paying taxes on their gains. This bill changes that rule for large corporate mergers. If either company involved in the merger has made more than $500 million in annual revenue over the past three ye…

Sponsor

Whitehouse, Sheldon (D-RI)

Introduced

2024-03-21

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.