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IntroducedSep 17, 2025
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Passed House
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Passed Senate
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Signed into Law
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.
Last Action See all actions
House • Sep 17, 2025: Referred to the House Committee on Ways and Means.
Summary/Bill Text
Comments on HR 5427
Tweets
Whip Lists
Sponsors
- Rep. McGovern, James P.cosponsor
- Del. Norton, Eleanor Holmescosponsor
- Rep. Davis, Danny K.cosponsor
- Rep. DeLauro, Rosa L.cosponsor
- Rep. Boyle, Brendan F.cosponsor
- Rep. McCollum, Bettycosponsor
- Rep. Nadler, Jerroldcosponsor
- Rep. Garamendi, Johncosponsor
- Rep. Kelly, Robin L.cosponsor
- Rep. Dean, Madeleinecosponsor
- Rep. Mullin, Kevincosponsor
- Rep. Omar, Ilhancosponsor
- Rep. Landsman, Gregcosponsor
- Rep. Scanlon, Mary Gaycosponsor
- Rep. Clarke, Yvette D.cosponsor
- Rep. Huffman, Jaredcosponsor
- Rep. Norcross, Donaldcosponsor
- Rep. Sánchez, Linda T.cosponsor
- Rep. Evans, Dwightcosponsor
- Rep. Frost, Maxwellcosponsor
- Rep. Lee, Summer L.cosponsor
- Rep. Simon, Lateefahcosponsor
- Rep. Jackson, Jonathan L.cosponsor
- Rep. Ramirez, Delia C.cosponsor
Votes
Actions
- Sep 17, 2025 | House
- Introduced in House
- Referred to the House Committee on Ways and Means.
Bill Texts
Documents