119th Congress · Senate bill · Last action Jul 28, 2026
S. 5141In Committee
Democrats propose streamlining IRS notice procedures for multi-year tax credit bans.
Sponsor: Sen. Bennet, Michael F. (D-CO)Introduced Jul 28, 2026
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In plain English
This bill changes how the IRS handles multi-year bans that prevent taxpayers from claiming certain tax credits, requiring the agency to provide better notice to affected taxpayers and give them a chance to review decisions before the bans take effect. Sen. Michael Bennet, D-Colorado, introduced the legislation, which was referred to the Senate Finance Committee on July 28, 2026.
Generated by ThePolitibase from the bill text and CRS summary. Read the official text →
Where it is in the process
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Introduced
Jul 28
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Senate committee
Jul 28
3
Senate floor
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4
House
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5
Signed
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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 28
1d ago
1d ago
Read twice and referred to the Committee on Finance.
Jul 28
1d ago
1d ago
Introduced in Senate
Read the bill text
Official text via Congress.gov. Opens in a new tab.
Full action log
All 2 recorded actions since introduction · Source: Congress.gov
Jul 28
SENATERead twice and referred to the Committee on Finance.
Jul 28
Introduced in Senate
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