Ultra-Millionaire Tax Act of 2026
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 50
- Latest action
- Mar 25, 2026
What it does
The Ultra-Millionaire Tax Act of 2026 would impose an annual wealth tax on individuals and certain trusts with net taxable assets exceeding $50 million.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Pramila Jayapal
- Adam Smith
- Adelita Grijalva
- Adriano Espaillat
- Alexandria Ocasio-Cortez
- Analilia Mejia
- Ayanna Pressley
- Bonnie Watson Coleman
- Brendan Boyle
- Chellie Pingree
- Chris Deluzio
- Dan Goldman
- Danny Davis
- Delia Ramirez
- Donald Beyer
- Dwight Evans
- Eleanor Norton
- Frank Pallone
- Glenn Ivey
- Grace Meng
- Gregorio Casar
- Henry Johnson
- Ilhan Omar
- James McGovern
- Janice Schakowsky
- Jerrold Nadler
- Jesús García
- Jill Tokuda
- Jonathan Jackson
- Judy Chu
- Lateefah Simon
- Laura Friedman
- Linda Sánchez
- Madeleine Dean
- Mark DeSaulnier
- Mark Takano
- Maxine Dexter
- Maxine Waters
- Maxwell Frost
- Melanie Stansbury
- Nydia Velázquez
- Rashida Tlaib
- Ro Khanna
- Robert Garcia
- Robin Kelly
- Shri Thanedar
- Summer Lee
- Teresa Leger Fernandez
- Valerie Foushee
- Yassamin Ansari
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.