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BillS 4221 · 119

Ensuring Better Interest Treatment and Deductibility Act (EBITDA)

Introduced
Mar 26, 2026
Cosponsors
5
Traction
0
Last Action
Mar 26, 2026

Bill Summary

Modifies tax rules to change how businesses calculate their taxable income, specifically regarding interest deductions. Requires businesses to follow new guidelines when determining their tax liability.

Sponsored By

Shelley Moore Capito
Republican · West Virginia · Senate

Bill Journey

  1. Mar 26, 2026
  3. Mar 26, 2026You Are Here

    The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.

  4. TBD

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  5. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

This bill affects corporations and businesses, potentially altering their tax obligations and financial reporting requirements. It may impact their bottom line by changing how much they can deduct in interest payments on their taxes.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
4backers
  • Republican4
Cross-party cosponsors0 · 0%

Documents

1

Full text opens on congress.gov, the official source.

Cosponsors (5)

2 more not shown here — see the full list on congress.gov.

Bill Details

Bill TypeSenate Bill · Federal
Primary TopicMoney & Economy
CommitteeCommittee on Finance
IntroducedMar 26, 2026
Last UpdatedMar 26, 2026
Latest ActionRead twice and referred to the Committee on Finance.
Subjects
  • Economy

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.