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Wall Street Tax Act: New Fees on Securities Trading

This act introduces a new tax on the purchase and sale of securities, including stocks, bonds, and derivatives. The aim is to tax stock market trading, which could impact investment costs for individuals and businesses. The tax rate will gradually increase over several years.
Key points
Introduction of a new tax on securities trading, calculated on the value of purchased or sold securities.
The tax rate will gradually increase from 0.02% in 2026 to 0.1% from 2030 onwards.
The tax will cover a wide range of financial instruments, including stocks, bonds, and derivatives, with some exceptions.
The tax will be paid by exchanges, brokers, or directly by the buyer/seller, depending on the transaction type.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4035
Sponsor: Rep. Hoyle, Val T. [D-OR-4]
Process start date: 2025-06-17
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Wall Street Tax Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4035.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-06-17.

What are the main provisions?

Key points include:

  • Introduction of a new tax on securities trading, calculated on the value of purchased or sold securities.
  • The tax rate will gradually increase from 0.02% in 2026 to 0.1% from 2030 onwards.
  • The tax will cover a wide range of financial instruments, including stocks, bonds, and derivatives, with some exceptions.
  • The tax will be paid by exchanges, brokers, or directly by the buyer/seller, depending on the transaction type.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Hoyle, Val T. [D-OR-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Taxes Economy