GRATS Act
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill reduces a grant, compliance mandate, definition change provision: 2, expands a appropriation, grant, compliance mandate provision: 3. Certain transfers between grantor trust and deemed owner Part IV of subchapter O of chapter 1 of the Internal Revenue Code of 1986 is amended, and expands a appropriation, grant, compliance mandate provision: 1063. It relies on grants, compliance mandates, appropriations, and definition changes. The main policy areas are Finance and Transportation.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Reduces a grant, compliance mandate, definition change provision: 2.
- Expands a appropriation, grant, compliance mandate provision: 3. Certain transfers between grantor trust and deemed owner Part IV of subchapter O of chapter 1 of the Internal Revenue Code of 1986 is amended...
- Expands a appropriation, grant, compliance mandate provision: 1063.
- Expands a tax deduction, grant, compliance mandate provision: 4.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill reduces a grant, compliance mandate, definition change provision: 2, expands a appropriation, grant, compliance mandate provision: 3. Certain transfers between grantor trust and deemed owner Part IV of subchapter O of chapter 1 of the Internal Revenue Code of 1986 is amended, and expands a appropriation, grant, compliance mandate provision: 1063.
Key Policy Areas
Finance, Transportation
Primary Purpose
The bill reduces a grant, compliance mandate, definition change provision: 2, expands a appropriation, grant, compliance mandate provision: 3. Certain transfers between grantor trust and deemed owner Part IV of subchapter O of chapter 1 of the Internal Revenue Code of 1986 is amended, and expands a appropriation, grant, compliance mandate provision: 1063.
Policy Domains
Sponsors
Legislative Progress
In CommitteeRead twice and referred to the Committee on Finance.
Introduced in Senate
Mr. Wyden (for himself and Mr. King) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology