Bill · H.R. 9841· House(119-HR-9841)
ACCESS Act
- Introduced
- 7/22/2026
- Last activity
- 7/22/2026 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Mike Carey
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the "Advancing Capital for Critical Energy Supply and Security Act" or the "ACCESS Act," seeks to amend the Internal Revenue Code of 1986. The primary goal is to modernize rules regarding publicly traded partnerships. It includes changes to how income, gain, or losses are treated for certain classes of units. It also modifies the asset test for regulated investment companies and eliminates certain passive activity rules. Additionally, the bill addresses how certain interests in publicly traded partnerships are treated regarding effectively connected income. These changes are intended to take effect for taxable years beginning after December 31, 2026.
Yes· 3 of 8
Does this cut the tax on profits from selling investments?+3
The bill modifies how gains from partnership interests are treated, potentially reducing the tax burden on certain sales.
Would high-income households be better off under this?+2
Changes to partnership taxation and the elimination of certain passive activity rules may benefit higher-income investors.
Would people with substantial wealth be better off under this?+2
The modification of asset tests and passive activity rules may benefit high-net-worth investors.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Exclusion of Income/Loss for Small Owners: Under Section 2(a), income, gain, deduction, loss, or credit attributable to certain publicly traded classes of units is excluded if the beneficial owner owns less than 5 percent of the partnership's capital or profits.
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Modified Asset Test for Investment Companies: Section 2(b) modifies the 25 percent asset test for regulated investment companies by altering the existing clauses in Section 851(b)(3)(B).
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Changes to Effectively Connected Income: Section 2(d)(1) creates an exception for a partner's sale or exchange of a class of partnership interest regularly traded on an established securities exchange, provided the partner held no more than 10 percent of that class during the preceding 5-year period.
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Updated Withholding Requirements: Section 2(d)(2) modifies withholding requirements by excluding classes of partnership interest that are regularly traded on an established securities exchange.
Potential Negative Impacts for People
- Elimination of Passive Activity Rules: Section 2(c) strikes subsection (k) of Section 469, which eliminates the separate application of passive activity rules in the case of publicly traded partnerships.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For High Income Households+2Good For High Net Worth Individuals+2Good For Business Owners+1Good For Middle Class Households+1Good For Retirees+1
- Economy And Finance
- Reduces Capital Gains Tax+3Reduces Middle Class Taxes+2Improves Economic Growth+1
- 7/22/2026
- Referred to the House Committee on Ways and Means.
- Introduced in House