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Wall Street Tax Act of 2025

In committee: it can still change before the session ends.

US HR 4035 · House Bill · 119th Congress

Stage
In committee
Started in
House
Sponsors
10
Latest action
Jun 17, 2025

What it does

The Wall Street Tax Act would impose a tax on certain trading transactions involving securities and derivatives, with rates increasing from 0.02% to 0.1% over time, applying to transactions occurring on or subject to U.S. qualified boards or exchanges, or involving U.S. persons. The tax would generally be paid by the exchange or broker facilitating the transaction, with specific rules for direct transactions and controlled foreign corporations. It would apply to transactions after December 31, 2025, and includes provisions for guidance, regulations, and information reporting to prevent avoidance.

No official summary is available here. This one was written by AI from the bill’s text.

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Where it stands

  1. Introduced (Done)

    Jun 17, 2025

  2. Committee (Current step)

    In committee · Jun 17, 2025

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

Wall Street Tax Act of 2025 | 52