WHAT THE LAW DOINCongress, in plain words

S.J.Res. 95 · 119th Congress

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".

IntroducedTaxation
IntroducedNov 18, 2025
Passed SenateNot yet
Passed HouseNot yet
To PresidentNot yet
Became lawNot yet

Where it stands

Introduced. Latest step, Feb 10, 2026: Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 47 - 51. Record Vote Number: 35. (CR S543)

What it does

Sourced

The Congressional Research Service hasn't published a summary of this bill yet. They usually follow within weeks of introduction.

Our plain-language breakdown, with what it means for you and the case for and against, is written once a bill starts to move.

What has happened

Sourced
  1. Feb 10, 2026Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 47 - 51. Record Vote Number: 35. (CR S543) Roll call recordSenate
  2. Dec 18, 2025Placed on Senate Legislative Calendar under General Orders. Calendar No. 297.Senate
  3. Dec 18, 2025Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).Senate
  4. Dec 18, 2025Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).Library of Congress
  5. Nov 18, 2025Read twice and referred to the Committee on Finance.Senate
  6. Nov 18, 2025Introduced in SenateLibrary of Congress

Show key steps only

Recorded votes

Sourced
  1. Feb 10, 2026 · SenateMotion to Proceed Rejected 47–51
    On the Motion to Proceed · needed a majority
    R 1 yes, 51 noI 2 yes, 0 noD 44 yes, 0 noEach member · Record

Cosponsors

  • Angela D. Alsobrooks D-MD
  • Angus S. King, Jr. I-ME
  • Gary C. Peters D-MI