119th Congress
S. 2845
Billionaires Income Tax Act
- Introduced
- In committee
- Passed Senate
- Passed House
- To President
- Became law
- Sponsor
- Ron Wyden(D-OR)
- Introduced
- Sep 17, 2025
- Policy area
- Taxation
- Committees
- Senate Committee on Finance
- Official text
- Introduced in Senate · Congress.gov page
Cosponsors (23)
Original cosponsors (20)
- Angela D. Alsobrooks (D-MD)
- Ben Ray Luján (D-NM)
- Bernard Sanders (I-VT)
- Brian Schatz (D-HI)
- Christopher Murphy (D-CT)
- Chris Van Hollen (D-MD)
- Edward J. Markey (D-MA)
- Elizabeth Warren (D-MA)
- Jack Reed (D-RI)
- Jeff Merkley (D-OR)
- John Fetterman (D-PA)
- Martin Heinrich (D-NM)
- Mazie K. Hirono (D-HI)
- Patty Murray (D-WA)
- Peter Welch (D-VT)
- Richard Blumenthal (D-CT)
- Sheldon Whitehouse (D-RI)
- Tammy Baldwin (D-WI)
- Tammy Duckworth (D-IL)
- Tina Smith (D-MN)
Added later (3)
- Adam B. Schiff (D-CA) · Sep 30, 2025
- Christopher A. Coons (D-DE) · Aug 6, 2026
- Alex Padilla (D-CA) · Sep 14, 2026
Summary
No Congressional Research Service summary yet. CRS usually publishes one a few weeks after a bill is introduced.
Official title: A bill 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): Read twice and referred to the Committee on Finance.
Roll-call votes
No recorded votes on this bill.
Actions
- Sep 17, 2025 · Senate
Read twice and referred to the Committee on Finance. - Sep 17, 2025
Introduced in Senate