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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).
article Official text account_balance Process page
Introduced
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Additional Information
Print number: 119_S_2127
Sponsor: Sen. Schatz, Brian [D-HI]
Process start date: 2025-06-18
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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.

CATEGORIES

Taxes Economy