119th Congress · Senate bill · Last action Jul 28, 2026
S. 5143In Committee
Democrats modify tax penalty procedures and disallowance periods.
Sponsor: Sen. Bennet, Michael F. (D-CO)Introduced Jul 28, 2026
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In plain English
The bill changes how the Internal Revenue Service applies penalties and sets time limits for disallowing tax deductions and credits. Sen. Michael Bennet (D-CO) introduced the measure, which was referred to the Senate Finance Committee on July 28, 2026. The bill's specific procedural changes are not detailed in the available information.
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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