NONPARTISAN · SOURCED FROM CONGRESS.GOV, OPENFEC, SENATE & HOUSE CLERKS · UPDATED REGULARLY
119th Congress · Senate bill · Last action Jul 21, 2026
BillsS. 5040Congress.gov ↗
S. 5040In Committee

Democrats limit high-income taxpayers' large retirement account balances.

Sponsor: Sen. Wyden, Ron (D-OR)Introduced Jul 21, 2026
In plain English

A plain-English summary isn’t available for this bill yet.

Where it is in the process

Introduced
Jul 21
Senate committee
Jul 21
3
Senate floor
-
4
House
-
5
Signed
-
What happens next: Sits in committee. Needs a markup or favorable report to advance to the Senate floor.

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Activity timeline

Jul 21
1d ago
Read twice and referred to the Committee on Finance.
Jul 21
1d ago
Introduced in Senate
Read the bill text
Official text via Congress.gov. Opens in a new tab.
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Full action log

All 2 recorded actions since introduction · Source: Congress.gov
Jul 21
SENATERead twice and referred to the Committee on Finance.
Jul 21
Introduced in Senate

In the news

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