Bills · S 5040
IN COMMITTEE· 119TH CONGRESS
Senate BillS 5040Taxation
A bill to amend the Internal Revenue Code of 1986 to impose limitations on high-income taxpayers with large retirement account balances.
INTRO JUL 21· LAST ACTION JUL 21
READING
14MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
SPONSORSHIP
1 + 0
D· Oregon
YRS IN OFFICE
45
BILLS LED
95
ACTION TIMELINE
2 EVENTSJUL 21
Introduced in Senate
JUL 21
Read twice and referred to the Committee on Finance.
BILL INFO
TypeSenate Bill
NumberS 5040
Congress119th
StatusIn Committee
IntroducedJul 21, 2026
Last actionJul 21, 2026
READER REACTIONS
OVERALL SENTIMENT
No reactions yet. Be the first to weigh in.
Discussion
Loading comments...
IN COMMITTEE· 119TH CONGRESS · FINANCE COMMITTEE · INTRODUCED JUL 21, 2026
Senate BillS 5040Taxation
A bill to amend the Internal Revenue Code of 1986 to impose limitations on high-income taxpayers with large retirement account balances.
INTRODUCED JUL 21, 2026· LAST ACTION JUL 21, 2026
PASSAGE CHANCES
—%
READING
14 min
COSPONSORS
0
COMPLEXITY
Moderate
