Create a new tax on the unrealized capital gains of extremely wealthy individuals.
One policy goal, tracked across every bill that has carried it.
What’s happening with Billionaires Income Tax Act?
The Billionaires Income Tax Act is currently stalled in the House Committee on Ways and Means after the last action occurred on September 16, 2025. The House committee members must decide whether to hold a vote on the bill, but most legislation fails to receive a committee vote and dies without further action. This bill has seen no movement since September 16, 2025, which follows the standard pattern for the vast majority of proposed federal laws.
Updated July 9, 2026 · Generated by AI. Always verify with official sources.
Where it stands
Now carried by Billionaires Income Tax Act (H.R. 5427 (119th)) →
Legislative Progress
No action since September 2025
How we got here
Every bill that has carried this goal, oldest first.
Died with Congress · Jan 3, 2025
Died when the 118th Congress ended without final passage. Bills must be reintroduced under a new number to be revived.
Reintroduced · Jan 3, 2025
Reintroduced from S. 3367 (118th), which died when its Congress ended.
S. 3367 (118th) →
Vehicles
Who’s behind it
Steve Cohen (D-TN)Wrote and sponsored the current bill.