H.R. 10846House bill · 119th CongressIn committee

To amend the Internal Revenue Code of 1986 to impose an excise tax on certain indebtedness, and for other purposes.

Sponsored byLaura FriedmanD-CA-30Introduced Oct 19, 2026Full text on congress.gov ↗

Latest action (Oct 19, 2026) — on Ways and Means.

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Discussion

6 comments

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TheQuietMajorityDemoCA-12voted Nay3d ago

I keep going back and forth on this one. The problem is real; I'm not convinced this is the instrument for it. The committee report would settle it either way.

river_precinctDemoSC-2voted Nay2d ago

This looks like it codifies practice that already exists informally. Worth doing — informal practice evaporates when an administration changes. It'll come down to what the agency does with it.

granite_porchDemoKY-2voted Yea2d ago

What I'd want before deciding: who administers it, out of which budget, and who they answer to when it doesn't work. The committee report would settle it either way.

r_castellanoDemoMN-62d ago

Same conclusion, different route. I'm less worried about the reach and more about who ends up administering it.

grantwoodDemoVA-4voted Nay3d ago

In favour. The transparency provisions alone justify it, and they're the hardest part to undo later. That's a drafting question rather than a political one.

frontledgerDemoOH-153d ago

You're right about the drafting, but that's fixable in conference. Killing it means starting over next Congress.

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