Investment fund managers would have to treat more carried interest as regular income, not lower-taxed investment gain. Partnerships would also have to report those amounts to the Internal Revenue Service and to partners each year.
Modern Action explains what the legislation does, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
Ending the Carried Interest Loophole Act is a Senate bill in committee. The latest recorded action: Read twice and referred to the Committee on Finance.
Latest action on S. 4330: Read twice and referred to the Committee on Finance.
Who this affects: This bill mainly affects people who manage investment partnerships and get paid through a share of profits. It also affects the partnerships that must calculate and report the new tax amounts. Investors could feel indirect effects if funds change fees, pay terms, or investment choices.
Why this matters: This bill matters because it would change how some high-income fund managers are taxed on profit shares they receive for their work. Under current law, some of that income can qualify for lower long-term capital gains tax rates. This bill would move a major part of that income into regular income tax treatment each year. It could also change how funds design pay plans, fees, loans, and transfers, but the exact market effects are uncertain.
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
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Officially: Ending the Carried Interest Loophole Act
Investment fund managers would have to treat more carried interest as regular income, not lower-taxed investment gain. Partnerships would also have to report those amounts to the Internal Revenue Service and to partners each year.
Use this page to support, oppose, or ask Congress to amend S4330. Modern Action explains what the bill does, helps identify the right senators or representative, and drafts a bill-specific message you can edit and send.
Where it stands
Sitting in Finance
No vote scheduled. Constituent contact is what moves bills out of committee.
↓ Why your message matters here
This bill is sitting in committee with no scheduled vote — which means a small number of constituent messages can decide whether it moves forward or quietly dies.
Enter your ZIP to see how your senators and member of Congress have voted, sponsored, or spoken on this bill.
Where this bill is in the process
Introduced
Introduced in Senate
Senate Committee
Under Senate committee consideration
Latest: Read twice and referred to the Committee on Finance. (4/16/2026)
Senate Floor Vote
Voted on by Senate
Passed Senate
Approved by Senate
House Review
Sent to House for consideration
Passed Both Chambers
Approved by both House and Senate
Signed into Law
Signed by the President
For more detail
Choose one clear position: support, oppose, or amend. Then pick any reasons or personal context you want included. Modern Action uses that input and the bill context to draft a message you can edit and send.
Congressional offices prioritize messages from their own constituents. Modern Action uses your address to route the drafted message to your senators when that is the most relevant target for this bill.
The draft includes the bill number, your position, the reasons you selected, any personal context you added, and a direct ask such as voting yes, voting no, cosponsoring, opposing, or seeking changes. You stay in control because you can edit the message before sending.
This page gives you an opportunity to support, oppose, or ask for changes to Ending the Carried Interest Loophole Act, then contact the elected officials who can act. Modern Action drafts the message from your position and the reasons you select.
Modern Action keeps the action tied to the bill itself: what it does, where it is in the process (committee), which office can still act, and what ask belongs in the message.
You are not starting from a blank form. Modern Action drafts the message around S4330, your stance, and the reasons you choose, then lets you edit and send when ready.
