Modernization of Derivatives Tax Act of 2026
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 requires removes a compliance mandate provision: 1. Short title This Act may be cited as the Modernization of Derivatives Tax Act of 2026. Except as otherwise expressly provided, whenever in this Act an amendment, expands a tax deduction, appropriation, reporting req provision: 2, and expands a tax deduction, reporting req, compliance mandate provision: 491. Rules for treatment of derivatives. It relies on compliance mandates, appropriations, tax deductions, and procurement rules. The main policy areas are Finance, Environment, and Healthcare.
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
- Requires removes a compliance mandate provision: 1. Short title This Act may be cited as the Modernization of Derivatives Tax Act of 2026. Except as otherwise expressly provided, whenever in this Act an amendment...
- Expands a tax deduction, appropriation, reporting req provision: 2.
- Expands a tax deduction, reporting req, compliance mandate provision: 491. Rules for treatment of derivatives.
- Expands a appropriation, compliance mandate, procurement provision: 492. Investment hedging units.
- Adds or tightens a compliance mandate, procurement, price control provision: 493. Derivative defined.
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 requires removes a compliance mandate provision: 1. Short title This Act may be cited as the Modernization of Derivatives Tax Act of 2026. Except as otherwise expressly provided, whenever in this Act an amendment, expands a tax deduction, appropriation, reporting req provision: 2, and expands a tax deduction, reporting req, compliance mandate provision: 491. Rules for treatment of derivatives.
Key Policy Areas
Finance, Environment, Healthcare
Primary Purpose
The bill requires removes a compliance mandate provision: 1. Short title This Act may be cited as the Modernization of Derivatives Tax Act of 2026. Except as otherwise expressly provided, whenever in this Act an amendment, expands a tax deduction, appropriation, reporting req provision: 2, and expands a tax deduction, reporting req, compliance mandate provision: 491. Rules for treatment of derivatives.
Policy Domains
Sponsors
Legislative Progress
In CommitteeRead twice and referred to the Committee on Finance.
Introduced in Senate
Mr. Wyden introduced the following bill; which was read twice …
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
- "the_commission"
- → The commission 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