Search

Search bills, members, committees and pages...

Sign In

S. 4221

U.S. Senate•In Senate Committee

Summary

S. 4221, the Ensuring Better Interest Treatment and Deductibility Act (EBITDA), was introduced in the Senate on Mar 26, 2026 by Sen. Shelley Capito (R) with 8 co-sponsors. It was referred to Finance, and last saw action on Mar 26, 2026: Read twice and referred to the Committee on Finance.

Record

Text

S. 4221 has 8 co-sponsors.

sb4221/introduced-in-senate.txt
119 S4221 IS: Ensuring Better Interest Treatment and Deductibility Act (EBITDA)
 U.S. Senate
 2026-03-26
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  2d Session  S. 4221  IN THE SENATE OF THE UNITED STATES   March 26, 2026   Mrs. Capito  (for herself,  Mr. Cornyn ,  Mrs. Blackburn , and  Mr. Husted ) introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
To amend the Internal Revenue Code of 1986 to repeal the modification of the definition of adjusted taxable income for purposes of the limitation on business interest.
1.
Short title
This Act may be cited as the   Ensuring Better Interest Treatment and Deductibility Act (EBITDA)  .
2.
Repeal of modification to definition of adjusted taxable income for purposes of the limitation on business interest
(a)
In general
 Section 163(j)(8)(A)  of the Internal Revenue Code of 1986, as amended by  Public Law 119–21 , is amended by inserting  and  at the end of clause (iv) and by striking clause (vi).
(b)
Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2025.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-03-26
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

A bill to amend the Internal Revenue Code of 1986 to repeal the modification of the definition of adjusted taxable income for purposes of the limitation on business interest.

Sponsors

Sen. Shelley Capito (R) sponsors S. 4221, and 8 members have co-sponsored it, 3 of them from the day it was introduced.

Committees

S. 4221 went before 1 committee: Finance.

Finance
Finance
Referred To · Mar 26, 2026 · 902 Bills

Actions

S. 4221 has taken 2 actions since Mar 26, 2026.

ChamberAction
Mar 26, 2026
Senate
Read twice and referred to the Committee on Finance.Finance Committee
Mar 26, 2026
—
Introduced in Senate

Votes

S. 4221 has not gone to a roll call.

1 bill is related to S. 4221, as Identical bill.

Titles

S. 4221 goes by 3 titles, 1 of them short titles.

  • Ensuring Better Interest Treatment and Deductibility Act (EBITDA) — Display Title
  • Ensuring Better Interest Treatment and Deductibility Act (EBITDA) — Short Title(s) as Introduced
  • A bill to amend the Internal Revenue Code of 1986 to repeal the modification of the definition of adjusted taxable income for purposes of the limitation on business interest. — Official Title as Introduced

Lobbying

12 clients hired 12 firms and 184 registered lobbyists who named S. 4221 in 23 quarterly filings, 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Taxation/Internal Revenue Code, Trade (domestic/foreign), Defense, Energy/Nuclear, Environment/Superfund, Science/Technology, Budget/Appropriations, Transportation.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
AMERICAN CHEMISTRY COUNCILOrganization of Chemical ManufacturersDistrict of Columbia23$110K
CHAMBER OF COMMERCE OF THE U.S.A.—District of Columbia13—
TAX REFORM COALITIONCoalition of companies with an interest in corporate tax reformDistrict of Columbia12$620K
DELL INC—District of Columbia12$160K
EVONIK CORPORATIONSpecialty chemicals companyNew Jersey22$110K
YUM! BRANDS—Kentucky12$60K
CELANESE CORPORATION—Texas12—
DELL TECHNOLOGIES INC—District of Columbia12—
KENVUE INC.Consumer health.New Jersey12—
ALBEMARLE CORPORATIONSpecialty Chemical manufacturerDistrict of Columbia11—
BUSINESS ROUNDTABLE INC—District of Columbia11—
MARSH & MCLENNAN COMPANIES, INC.—District of Columbia11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
THE WASHINGTON TAX & PUBLIC POLICY GROUP36$680K
CHAMBER OF COMMERCE OF THE U.S.A.13—
AMERICAN CHEMISTRY COUNCIL12—
CELANESE CORPORATION12—
DELL TECHNOLOGIES INC.12—
WILLIAMS AND JENSEN, PLLC12$160K
ALBEMARLE CORPORATION11—
CAPITOLINE CONSULTING, LLC11$50K
EVONIK CORPORATION11$60K
MARSH & MCLENNAN COMPANIES, INC.11—
MEHLMAN CONSULTING, INC.11$110K
THE BUSINESS ROUNDTABLE, INC.11—

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 184.

LobbyistFirmsClientsFilings
GREGORY NICKERSON136
JAMES PEDROTTI136
ZACHARY PRICE136
ABELARDO TORRES113
ALEXA BRANSON113
AMANDA MAYS113
ANDREA PORWOLL113
ASHLEY GUM113
BENJAMIN KRON113
BRADLEY WATTS113
BRINCE MANNING113
BROOKE MILLER113
CASSIA CARVALHO113
CHAD WHITEMAN113
CHANTEL SHEAKS113
CHRISTOPHER CRENSHAW113
CHRISTOPHER EYLER113
CHRISTOPHER GUITH113
CHRISTOPHER ROBERTI113
CLARK JACKSON113

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 first_quarter$19.8M1st Quarter - Amendme…
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 first_quarter$19.8M1st Quarter - Report
CHAMBER OF COMMERCE OF THE U.S.A.CHAMBER OF COMMERCE OF THE U.S.A.2026 second_quarter$17M2nd Quarter - Report
BUSINESS ROUNDTABLE INCTHE BUSINESS ROUNDTABLE, INC.2026 second_quarter$7M2nd Quarter - Report
AMERICAN CHEMISTRY COUNCILAMERICAN CHEMISTRY COUNCIL2026 first_quarter$3.8M1st Quarter - Report
AMERICAN CHEMISTRY COUNCILAMERICAN CHEMISTRY COUNCIL2026 second_quarter$2.6M2nd Quarter - Report
DELL TECHNOLOGIES INCDELL TECHNOLOGIES INC.2026 first_quarter$1.6M1st Quarter - Report
DELL TECHNOLOGIES INCDELL TECHNOLOGIES INC.2026 second_quarter$1.5M2nd Quarter - Report
MARSH & MCLENNAN COMPANIES, INC.MARSH & MCLENNAN COMPANIES, INC.2026 second_quarter$520K2nd Quarter - Report
ALBEMARLE CORPORATIONALBEMARLE CORPORATION2026 second_quarter$520K2nd Quarter - Report
CELANESE CORPORATIONCELANESE CORPORATION2026 second_quarter$460K2nd Quarter - Report
CELANESE CORPORATIONCELANESE CORPORATION2026 first_quarter$440K1st Quarter - Report
TAX REFORM COALITIONTHE WASHINGTON TAX & PUBLIC POLICY GROUP2026 first_quarter$430K1st Quarter - Report
TAX REFORM COALITIONTHE WASHINGTON TAX & PUBLIC POLICY GROUP2026 second_quarter$190K2nd Quarter - Report
AMERICAN CHEMISTRY COUNCILMEHLMAN CONSULTING, INC.2026 second_quarter$110K2nd Quarter - Report
DELL INCWILLIAMS AND JENSEN, PLLC2026 second_quarter$80K2nd Quarter - Report
DELL INCWILLIAMS AND JENSEN, PLLC2026 first_quarter$80K1st Quarter - Report
EVONIK CORPORATIONEVONIK CORPORATION2026 first_quarter$60K1st Quarter - Report
EVONIK CORPORATIONCAPITOLINE CONSULTING, LLC2026 first_quarter$50K1st Quarter - Report
YUM! BRANDSTHE WASHINGTON TAX & PUBLIC POLICY GROUP2026 second_quarter$30K2nd Quarter - Report

Classification

The Congressional Research Service files S. 4221 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 4221’s is Taxation.

s4221/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com