This bill modernizes S corporation tax rules by creating deductions for inherited stock, letting foreign individuals and retirement accounts become shareholders, and raising limits on investment income. It also repeals complex deferred compensation rules and makes it easier for companies with many employee-owners to keep their S corp status.
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.
S Corporation Modernization Act of 2025 is a Senate bill in committee. The latest recorded action: Read twice and referred to the Committee on Finance.
Latest action on S. 2017: Read twice and referred to the Committee on Finance.
Who this affects: This bill affects a wide range of people connected to S corporations, from the business owners themselves to their families, employees, foreign investors, and retirement savers. It also changes how employers design executive pay packages.
Why this matters: S corporations are one of the most common business structures in America, used by millions of small and mid-size companies. Changes to their tax rules ripple out to business owners, their families, employees, investors, and the federal budget. This bill makes it significantly easier to pass businesses down through generations, attract new kinds of investors, and earn investment income, but these benefits come with real trade-offs in tax revenue and regulatory complexity.
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: S Corporation Modernization Act of 2025
This bill modernizes S corporation tax rules by creating deductions for inherited stock, letting foreign individuals and retirement accounts become shareholders, and raising limits on investment income. It also repeals complex deferred compensation rules and makes it easier for companies with many employee-owners to keep their S corp status.
Use this page to support, oppose, or ask Congress to amend S2017. 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.
The debate
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. (6/10/2025)
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 S Corporation Modernization Act of 2025, 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 S2017, your stance, and the reasons you choose, then lets you edit and send when ready.
