Bill S.4314 titled “A bill to amend the Internal Revenue Code of 1986 to modify the eligible age for the exemption from the retirement plan early withdrawal penalty for public safety officers” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Patrick Toomey with Michael Bennet as cosponsor.
Bill S.4318 titled “A bill to amend the Internal Revenue Code of 1986 to disallow any deduction for punitive damages, and for other purposes” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Patrick Leahy.
Bill S.4346 titled “A bill to amend the Internal Revenue Code of 1986 to allow a credit against income tax for qualified conservation contributions which include National Scenic Trails” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Richard Blumenthal with Dianne Feinstein, Christopher Murphy, Elizabeth Warren as cosponsors.
The Finance Committee moves forward in some way on one bill per day.
Most bills have a hearing where those involved explain why they are for or against the bill. Roughly 8,000 bills are addressed by committees each year but only about 800 make it to the floor of Congress, according to ushistory.org.
A 2019 report from the Brookings Institute argued committees aren’t capable of delving fully into the issues they address and are forced to rely on lobbyists.
| Bill Name | Sponsor | Action |
|---|---|---|
| A bill to amend the Internal Revenue Code of 1986 to modify the eligible age for the exemption from the retirement plan early withdrawal penalty for public safety officers. | Sen. Toomey, Patrick J. | Senate |
| A bill to amend the Internal Revenue Code of 1986 to disallow any deduction for punitive damages, and for other purposes. | Sen. Leahy, Patrick J. | Senate |
| A bill to amend the Internal Revenue Code of 1986 to allow a credit against income tax for qualified conservation contributions which include National Scenic Trails. | Sen. Blumenthal, Richard | Senate |
