Stock Buyback Accountability Act of 2026

This bill would raise the federal excise tax that corporations pay when they buy back their own stock from 1 percent to 4 percent. Under current law, a company can reduce the amount of buybacks subject to the tax by the value of stock it issues or gives to employees. The bill would stop counting stock given to certain top executives, or to other people paid more than $1,000,000 by the company in a year, toward that reduction. The higher rate would apply to buybacks after the bill becomes law, and the change to the reduction would apply to stock issued in tax years ending more than 90 days after enactment.

Full text and official record on Congress.gov

Sponsors

• Charles E. Schumer Democrat sponsor
• 7 cosponsors