This bill is currently in the early stages of the legislative process after being sent to the Senate Committee on Finance for review. It is considered active, but there are no upcoming votes or hearings scheduled at this time. The bill does not currently have a companion bill in the House of Representatives.
Legislative Progress
Senate
House
President
Law
Unlikely to pass
While the Senate Majority Leader is the sponsor, the bill lacks Republican support and faces strong opposition from business groups.
Key Points
TaxesEconomy Finance
Impact Analysis
Personal Impact
Life & Work
Most small businesses are not publicly traded corporations and would not be directly subject to this excise tax. However, small business owners who hold shares in publicly traded companies could see indirect effects if buyback reductions alter stock prices or dividend policies.
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Activities
Milestones
2 milestones2 actions
Jun 16, 2026Senate
Read twice and referred to the Committee on Finance. (text: CR S2821)
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Jun 16, 2026
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Related Bills
No related bills have been identified yet.
Source Information
Document Type
Congressional Bill
Official Title
Stock Buyback Accountability Act of 2026
Bill NumberS 4796
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Finance. (text: CR S2821)
