A bill to amend the Internal Revenue Code of 1986 to increase the excise tax for the repurchase of corporate stock by large oil and gas companies.
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Summary
Based on the bill's title, this legislation would amend the Internal Revenue Code to increase the federal excise tax on stock repurchases by large oil and gas companies. The bill targets corporate buyback activity in the energy sector specifically. The bill was referred to the Senate Finance Committee and has not yet been enacted.
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How your representatives voted
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