S. 5040: A bill to amend the Internal Revenue Code of 1986 to impose limitations on high-income taxpayers with large retirement account balances.
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2026-07-21 |
| Sponsor | Sen. Wyden, Ron [D-OR] |
| Policy area | Taxation |
| Cosponsors | 0 |
| Latest action | 2026-07-21 — Read twice and referred to the Committee on Finance. |
| Last updated | 2026-08-01 |
Summary
An official summary for this measure has not been published by Congress. The full text is available on congress.gov.
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 5040 are published by Congress on congress.gov.
View S. 5040 on congress.gov →
Frequently asked questions
What is S. 5040?
S. 5040 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: A bill to amend the Internal Revenue Code of 1986 to impose limitations on high-income taxpayers with large retirement account balances..
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 5040 are available on congress.gov.
Bill data: congress.gov API (official congressional records).