A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Interim Guidance Simplifying Application of the Corporate Alternative Minimum Tax to Partnerships".

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Bill ID: 119/sjres/95
Last Updated: December 18, 2025

Sponsored by

Sen. Wyden, Ron [D-OR]

ID: W000779

Follow the money

The bill

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Interim Guidance Simplifying Application of the Corporate Alternative Minimum Tax to Partnerships".

SJRES. 95, 119th Congress β€” read as touching Private Equity & Hedge Funds.

The sponsor

Sen. Wyden, Ron [D-OR]

Every bill has someone who introduced it. That name is where the paper trail starts.

The money

$116,250 raised

30 itemised contributions to this sponsor, pulled from FEC filings.

Bill's Journey to Becoming a Law

Track this bill's progress through the legislative process

Latest Action

Placed on Senate Legislative Calendar under General Orders. Calendar No. 297.

December 17, 2025

Introduced

πŸ“ Current Status

Next: The bill will be reviewed by relevant committees who will debate, amend, and vote on it.

πŸ›οΈ

Committee Review

πŸ—³οΈ

Floor Action

βœ…

Passed Senate

πŸ›οΈ

House Review

πŸŽ‰

Passed Congress

πŸ–ŠοΈ

Presidential Action

βš–οΈ

Became Law

πŸ“š How does a bill become a law?

1. Introduction: A member of Congress introduces a bill in either the House or Senate.

2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.

3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.

4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.

5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.

6. Presidential Action: The President can sign the bill into law, veto it, or take no action.

7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!

Bill Summary

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S.J. Res. 95 Placed on Calendar Senate (PCS)]

<DOC>

Calendar No. 297 119th CONGRESS 1st Session S. J. RES. 95

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to ``Interim Guidance Simplifying Application of the Corporate Alternativ...

Related Topics

Federal Budget & AppropriationsCongressional Rules & ProceduresTaxation & IRS Regulations
Generated using Llama 3.1 70B (Dr. Haus personality)

πŸ’° Campaign Finance Network

Sen. Wyden, Ron [D-OR]

Congress 119 β€’ 2024 Election Cycle

Total Contributions
$116,250
27 donors
PACs
$0
Organizations
$9,550
Committees
$0
Individuals
$106,700

No PAC contributions found

1
SANTA YNEZ BAND OF MISSION INDIANS
2 transactions
$3,000
2
SHAKOPEE MDWEKANTON SIOUX COMMUNITY
2 transactions
$2,000
3
MOHEGAN TRIBE OF INDIANS OF CONNECTICUT
1 transaction
$1,000
4
SAN MANUEL BAND OF MISSIONS INDIANS
1 transaction
$1,000
5
MS BAND OF CHOCTAW INDIANS
1 transaction
$1,000
6
RENO-SPARKS INDIAN COLONY
2 transactions
$1,000
7
CHOCTAW NATION OF OKLAHOMA
1 transaction
$550

No committee contributions found

1
WINTER, DAVID
1 transaction
$11,600
2
JAIN, TUSHAR
1 transaction
$6,600
3
ROSENTHAL, JOSHUA
1 transaction
$6,600
4
SAMANI, PYAHM
1 transaction
$6,600
5
SEIFF, KEN
1 transaction
$6,600
6
SMITH, BRIAN
1 transaction
$6,600
7
XETHALIS, GREGORY
1 transaction
$6,600
8
WOODS, ANDREW
1 transaction
$5,000
9
FISE, PETER
1 transaction
$5,000
10
PUTALA, CHRISTOPHER
1 transaction
$5,000
11
VANROEKEL, CAROLINE
1 transaction
$5,000
12
FOGG, ANGELA
1 transaction
$5,000
13
FOGG, PHILLIP JR.
1 transaction
$5,000
14
MAHFOUZ, SAMUEL
1 transaction
$5,000
15
CHASE, DAVID
1 transaction
$4,000
16
YOUNGMAN, ANDREW
1 transaction
$3,300
17
DIXON, CHRIS
1 transaction
$3,300
18
EMERSON, BILL
1 transaction
$3,300
19
ZACHARY, JENNIFER
1 transaction
$3,300
20
TURKISH, JASON
1 transaction
$3,300

Cosponsors & Their Campaign Finance

This bill has 2 cosponsors. Below are their top campaign contributors.

Sen. King, Angus S., Jr. [I-ME]

ID: K000383

Top Contributors

10

1
2120 SEA ISLAND LLC
OrganizationRIVER FOREST, IL
$3,300
Oct 26, 2023
2
THE CHICKASAW NATION
OrganizationADA, OK
$3,300
May 22, 2024
3
THE CHICKASAW NATION
OrganizationADA, OK
$2,000
Mar 29, 2024
4
THE CHICKASAW NATION
OrganizationADA, OK
$1,300
May 22, 2024
5
SMITH, BRAD
MICROSOFT CORPORATION β€’ ATTORNEY
IndividualBELLEVUE, WA
$6,600
Feb 13, 2024
6
SMITH, BRAD
IndividualBELLEVUE, WA
$6,600
Feb 20, 2024
7
DOWNEY, NANCY A.
IndividualNEW YORK, NY
$5,000
Sep 4, 2024
8
DOWNEY, NANCY A.
NOT EMPLOYED β€’ RETIRED
IndividualNEW YORK, NY
$5,000
Aug 31, 2024
9
OTTEN, LESLIE B.
AMERICAN SKIING COMPANY β€’ OWNER
IndividualBETHEL, ME
$5,000
Oct 4, 2024
10
BEKENSTEIN, ANITA
NOT EMPLOYED β€’ RETIRED
IndividualWAYLAND, MA
$3,300
Oct 24, 2024

Sen. Peters, Gary C. [D-MI]

ID: P000595

Top Contributors

10

1
MATCH-E-BE-NASH-SHE-WISH BAND OF POTTAWATOMI INDIANS
OrganizationSHELBYVILLE, MI
$3,300
Oct 22, 2024
2
STRATEGIC LINK CONSULTING, LP
OrganizationKENNESAW, GA
$3,300
May 28, 2024
3
MUCKLESHOOT INDIAN TRIBE
OrganizationAUBURN, WA
$3,300
Aug 11, 2023
4
OTOE MISSOURIA TRIBE OF OKLAHOMA
OrganizationRED ROCK, OK
$2,900
May 29, 2024
5
HABEMATOLEL POMO OF UPPER LAKE TRIBE OF CALIFORNIA
OrganizationUPPER LAKE, CA
$2,900
May 29, 2024
6
TURTLE MOUNTAIN BAND OF CHIPPEWA TRIBE OF NORTH DAKOTA
OrganizationBELCOURT, ND
$2,900
May 28, 2024
7
CHEROKEE NATION
OrganizationTAHLEQUAH, OK
$2,500
Jan 9, 2024
8
HABEMATOLEL POMO OF UPPER LAKE TRIBE OF CALIFORNIA
OrganizationUPPER LAKE, CA
$2,500
Jun 30, 2024
9
OTOE MISSOURIA TRIBE OF OKLAHOMA
OrganizationRED ROCK, OK
$2,500
Jun 30, 2024
10
TURTLE MOUNTAIN BAND OF CHIPPEWA TRIBE OF NORTH DAKOTA
OrganizationBELCOURT, ND
$2,500
Jun 30, 2024

Donor Network - Sen. Wyden, Ron [D-OR]

PACs
Organizations
Individuals
Politicians

Hub layout: Politicians in center, donors arranged by type in rings around them.

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Showing 80 nodes and 36 connections (78 secondary connections hidden)

Total contributions: $134,750

Top Donors - Sen. Wyden, Ron [D-OR]

Showing top 25 donors by contribution amount

7 Orgs20 Individuals

Industry Impact

Which industries are materially affected by specific provisions in this bill. 2 harmed.

  • The bill disapproves a rule simplifying the application of the Corporate Alternative Minimum Tax to partnerships (Section 1), which could increase tax complexity and costs for private equity firms and hedge funds that utilize partnership structures.

  • βˆ’Commercial Banksconfidence 0.70

    The disapproval of the rule may lead to increased tax burdens or complexities for banks with partnership interests or investments (Section 1), potentially affecting their bottom line.

Who funds the sponsor on these industries

For each industry this bill affects, here's what the sponsor (Sen. Wyden, Ron [D-OR])received from donors associated with that industry during the 2022–present cycles. Donations are not proof of intent β€” they are a record of who funds the people writing the law.

Industries this bill HARMS

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