A Republican bill with no cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, known as the "Advancing Capital for Critical Energy Supply and Security Act" or the "ACCESS Act," seeks to amend the Internal Revenue Code of 1986. The primary goal is to modernize rules regarding publicly traded partnerships. It includes changes to how income, gain, or losses are treated for certain classes of units. It also modifies the asset test for regulated investment companies and eliminates certain passive activity rules. Additionally, the bill addresses how certain interests in publicly traded partnerships are treated regarding effectively connected income. These changes are intended to take effect for taxable years beginning after December 31, 2026.
Yes· 3 of 8
- Scored +3
Does this cut the tax on profits from selling investments?
The bill modifies how gains from partnership interests are treated, potentially reducing the tax burden on certain sales.
- Scored +2
Would high-income households be better off under this?
Changes to partnership taxation and the elimination of certain passive activity rules may benefit higher-income investors.
- Scored +2
Would people with substantial wealth be better off under this?
The modification of asset tests and passive activity rules may benefit high-net-worth investors.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Exclusion of Income/Loss for Small Owners: Under Section 2(a), income, gain, deduction, loss, or credit attributable to certain publicly traded classes of units is excluded if the beneficial owner owns less than 5 percent of the partnership's capital or profits.
-
Modified Asset Test for Investment Companies: Section 2(b) modifies the 25 percent asset test for regulated investment companies by altering the existing clauses in Section 851(b)(3)(B).
-
Changes to Effectively Connected Income: Section 2(d)(1) creates an exception for a partner's sale or exchange of a class of partnership interest regularly traded on an established securities exchange, provided the partner held no more than 10 percent of that class during the preceding 5-year period.
-
Updated Withholding Requirements: Section 2(d)(2) modifies withholding requirements by excluding classes of partnership interest that are regularly traded on an established securities exchange.
Potential Negative Impacts for People
- Elimination of Passive Activity Rules: Section 2(c) strikes subsection (k) of Section 469, which eliminates the separate application of passive activity rules in the case of publicly traded partnerships.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would high-income households be better off under this? — Changes to partnership taxation and the elimination of certain passive activity rules may benefit higher-income investors. Would people with substantial wealth be better off under this? — The modification of asset tests and passive activity rules may benefit high-net-worth investors. Would business owners be better off under this? — Modernizing partnership rules can provide more flexibility for business entities and their owners. Would middle-income households be better off under this? — The bill may benefit middle-class investors by easing the tax treatment of publicly traded partnership interests. Would retired people be better off under this? — The modification of rules regarding partnership interests may benefit retirees holding such investments.
- Economy And Finance
- Does this cut the tax on profits from selling investments? — The bill modifies how gains from partnership interests are treated, potentially reducing the tax burden on certain sales. Does this cut taxes for middle-income families? — The exclusion of certain income and gain for small unit owners may provide tax relief to individual investors. Is this likely to grow the economy? — Modernizing tax rules for partnerships can potentially improve capital liquidity and economic efficiency.
- 7/22/2026
- Referred to the House Committee on Ways and Means.
- Introduced in House