Bills and Legislation

S. 5040 — A bill to amend the Internal Revenue Code of 1986 to impose limitations on high-income taxpayers with large retirement account balances.

The record

• Chamber: U.S. Senate
• Status: In Committee — Sitting in committee, where most bills die without a vote.
• Sponsor: Sen. Wyden, Ron [D-OR]
• Introduced: Jul 21, 2026
• Latest action: Read twice and referred to the Committee on Finance. (Jul 21, 2026)

Recorded floor votes

None yet.

Data via the ElectedConnect API. Official record.