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New Tax on Financial Transactions: Fees on Stocks, Bonds, and Derivatives Trading.

This Act introduces a new tax on financial market trading transactions, covering the purchase of stocks, bonds, and derivatives. The tax rate starts at 0.02% in 2026 and will gradually increase to 0.1% after 2029.
Key points
Introduction of a new tax on trading transactions (Wall Street Tax) covering the purchase of securities and derivatives.
The tax rate will increase gradually: from 0.02% in 2026 to 0.1% after December 31, 2029.
The tax applies to a wide range of assets, including stocks, bonds, partnership interests, and derivatives.
Exceptions include the initial issuance of securities and certain short-term debt instruments (maturity of 100 days or less).
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Status: Introduced
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Additional Information
Print number: 119_S_2127
Sponsor: Sen. Schatz, Brian [D-HI]
Process start date: 2025-06-18
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-3-pro-preview
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_S_2127.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-06-18.

What are the main provisions?

Key points include:

  • Introduction of a new tax on trading transactions (Wall Street Tax) covering the purchase of securities and derivatives.
  • The tax rate will increase gradually: from 0.02% in 2026 to 0.1% after December 31, 2029.
  • The tax applies to a wide range of assets, including stocks, bonds, partnership interests, and derivatives.
  • Exceptions include the initial issuance of securities and certain short-term debt instruments (maturity of 100 days or less).
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 Sen. Schatz, Brian [D-HI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Economy