119th Congress
H.R. 5427
Billionaires Income Tax Act
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Steve Cohen(D-TN)
- Introduced
- Sep 17, 2025
- Policy area
- Taxation
- Committees
- House Committee on Ways and Means
- Official text
- Introduced in House · Congress.gov page
Cosponsors (33)
Original cosponsors (27)
- Betty McCollum (D-MN)
- Brendan F. Boyle (D-PA)
- Danny K. Davis (D-IL)
- Delia C. Ramirez (D-IL)
- Donald Norcross (D-NJ)
- Donald S. Beyer, Jr. (D-VA)
- Dwight Evans (D-PA)
- Eleanor Holmes Norton (D-DC)
- Greg Landsman (D-OH)
- Ilhan Omar (D-MN)
- James P. McGovern (D-MA)
- Jared Huffman (D-CA)
- Jerrold Nadler (D-NY)
- Jesús G. "Chuy" García (D-IL)
- John Garamendi (D-CA)
- Jonathan L. Jackson (D-IL)
- Kevin Mullin (D-CA)
- Lateefah Simon (D-CA)
- Linda T. Sánchez (D-CA)
- Madeleine Dean (D-PA)
- Mary Gay Scanlon (D-PA)
- Maxwell Frost (D-FL)
- Rashida Tlaib (D-MI)
- Robin L. Kelly (D-IL)
- Rosa L. DeLauro (D-CT)
- Summer L. Lee (D-PA)
- Yvette D. Clarke (D-NY)
Added later (6)
- Judy Chu (D-CA) · Feb 9, 2026
- Zoe Lofgren (D-CA) · Feb 9, 2026
- Christopher R. Deluzio (D-PA) · Feb 23, 2026
- John B. Larson (D-CT) · Feb 23, 2026
- Nikki Budzinski (D-IL) · Feb 23, 2026
- Maxine Dexter (D-OR) · Jun 24, 2026
Summary
No Congressional Research Service summary yet. CRS usually publishes one a few weeks after a bill is introduced.
Official title: To amend the Internal Revenue Code of 1986 to eliminate tax loopholes that allow billionaires to defer tax indefinitely through planning strategies such as "buy, borrow, die", to modify over 30 tax provisions so that billionaires are required to pay taxes annually, and for other purposes.
Latest action(Sep 17, 2025): Referred to the House Committee on Ways and Means.
Roll-call votes
No recorded votes on this bill.
Actions
- Sep 17, 2025 · House
Referred to the House Committee on Ways and Means. - Sep 17, 2025
Introduced in House - Sep 17, 2025
Sponsor introductory remarks on measure. (CR H4397) - Sep 16, 2025
Sponsor introductory remarks on measure. (CR E863)