Ending the Carried Interest Loophole Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 15
- Latest action
- Apr 16, 2026
What it does
The Ending the Carried Interest Loophole Act would amend the Internal Revenue Code to treat certain partnership interests received for services as ordinary income rather than capital gains, primarily affecting individuals in investment-related trades or businesses who receive such interests. It would require the fair market value of transferred partnership interests to be included in gross income in the year of transfer, with specific rules for calculating deemed compensation based on invested capital and a specified rate tied to federal interest rates plus 9 percentage points. The bill also creates mechanisms to recapture income as ordinary income upon disposition and directs the Treasury…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.