IRL Act
The source supplies the latest action, but no lifecycle stage.
Latest action (24 Sep 2026): Read twice and referred to the Committee on Finance.
What this bill does
This bill, introduced by Senator Christopher Murphy (D-CT), proposes to create a new tax, an excise tax, specifically on digital advertising. The Internal Revenue Code of 1986 would be amended to include this new tax, though the specific details of its implementation and calculation are not yet publicly available. The bill's title also indicates that it may address other related matters.
The direct impact of this bill would be on entities involved in digital advertising, potentially including advertisers, publishers, or platforms that facilitate digital ad transactions, as well as consumers who may experience indirect effects. Without the full text of the bill, it is not possible to determine the exact scope of who would be affected or the precise nature of the financial implications.
Currently, S. 5531 has been introduced in the 119th Congress and its latest action was its introduction on September 24, 2026. The full text of the bill has not yet been published, meaning its specific provisions and intended effects are not publicly known. Following its introduction, the bill would typically proceed through various legislative stages, such as committee review and floor debate, if it is to be considered further.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
24 Sep 2026
Read twice and referred to the Committee on Finance.
Common questions
- What does S. 5531 do?
- This bill, introduced by Senator Christopher Murphy (D-CT), proposes to create a new tax, an excise tax, specifically on digital advertising. The Internal Revenue Code of 1986 would be amended to include this new tax, though the specific details of its implementation and calculation are not yet publicly available. The bill's title also indicates that it may address other related matters. The direct impact of this bill would be on entities involved in digital advertising, potentially including advertisers, publishers, or platforms that facilitate digital ad transactions, as well as consumers who may experience indirect effects. Without the full text of the bill, it is not possible to determine the exact scope of who would be affected or the precise nature of the financial implications. Currently, S. 5531 has been introduced in the 119th Congress and its latest action was its introduction on September 24, 2026. The full text of the bill has not yet been published, meaning its specific provisions and intended effects are not publicly known. Following its introduction, the bill would typically proceed through various legislative stages, such as committee review and floor debate, if it is to be considered further.
- Has S. 5531 become law?
- The source does not supply a confirmed lifecycle stage for S. 5531. Check the latest action and official source below.
- Who sponsored S. 5531?
- S. 5531 was sponsored by Sen. Murphy, Christopher [D-CT] (D-CT), with 0 cosponsors.
- What's the latest action on S. 5531?
- Read twice and referred to the Committee on Finance. (24 Sep 2026).
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More bills from Sen. Murphy, Christopher [D-CT]
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A bill to prohibit immigration enforcement actions at child care facilities.
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