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H.R. 4426

BillFederalHouseIn Committee
Wall Street Bonus Tax Act
About This Bill
Committee
Latest Action · January 12, 2010
Referred to House Small Business
Congress
111th (2009–2011)
Introduced
January 12, 2010
Cosponsors (64)
64D 0R
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Summary

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Wall Street Bonus Tax Act - Amends the Internal Revenue Code to: (1) impose a tax on current or former employees of recipients of financial assistance under the Trouble Asset Relief Program (TARP) for 50% of any bonus exceeding $50,000 paid to them during 2010; and (2) establish in the Treasury the Small Business Growth Fund to hold revenues from such tax. Requires the Administrator of the Small Business Administration (SBA) to establish and carry out a program to make loans directly to small business concerns. Makes amounts from such Fund available to carry out such program.

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