Richard Blumenthal (D-CT)

Anti-Corruption Tax (ACT) Act

S. 5448 · Senate bill Taxation

A Democratic bill with no cosponsors

Last activity — Read twice and referred to the Committee on Finance.

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

  1. Introduced
  2. In Committee

What this bill would do

This bill is known as the Anti-Corruption Tax (ACT) Act. It creates a new tax specifically for certain top government officials and their family members. The tax applies to income that comes from special, favorable federal government actions. Specifically, the tax rate is set at 100 percent of that windfall income. It targets people who served as President, Vice President, or in certain top-level executive positions, along with their spouses and children. The new tax rule applies to taxable years ending after January 20, 2025.

Yes

  • Scored +8

    Does this raise taxes on the highest earners?

    The bill imposes a 100 percent surtax on windfall income derived from favorable federal government actions received by high-ranking public officials and their families.

  • Scored +7

    Does this limit the influence of paid lobbyists?

    By taxing windfall income tied to discretionary federal actions for top officials and their families, the bill disincentivizes corrupt leveraging of public office for private financial gain.

  • Scored +6

    Does this make what the government does easier for the public to see?

    The legislation shines a light on discretionary federal actions and benefits conferred to entities owned by high-ranking government officials and their relatives.

The opposite

No question was scored the opposite.