United States · Bill · S
S. 1654 (101st)
Excessive Churning and Speculation Act of 1989
Introduced
21 September 1989
Last action
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Status
Committee on Finance. Hearings held. Hearings printed: S.Hrg. 101-929.
Sponsors
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Subjects
Discovery layer
Source updated
26 August 2025
Summary
Excessive Churning and Speculation Act of 1989 - Amends the Internal Revenue Code to impose an excise tax on the gain on the sale by employer pension plans of investment assets held 180 days or less. Exempts pension plans with assets of less than $1,000,000.
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Timeline
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Votes
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Versions
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Documents
2 official files
Introduced in Senate (text)
Introduced in Senate · EN
Introduced in Senate
summary · EN · 21 September 1989
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/101st-congress/senate-bill/1654
- Open data entity: https://api.congress.gov/v3/bill/101/s/1654