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119th Congress · House bill · Last action Sep 17, 2025
BillsTaxationH.R. 5427Congress.gov ↗
H.R. 5427In CommitteeTaxation

Billionaires Income Tax Act

Sponsor: Rep. Cohen, Steve (D-TN)33 cosponsorsIntroduced Sep 17, 2025
In plain English

A plain-English summary isn’t available for this bill yet.

Where it is in the process

Introduced
Sep 17
House committee
Sep 17
3
House floor
-
4
Senate
-
5
Signed
-
What happens next: Sits in committee. Needs a markup or favorable report to advance to the House floor.

Sponsor

Cosponsors (33)

DR
RR
JR
JR
ED
DR
RR
+26
All Democratic.

Activity timeline

Sep 17
Sep 17, 2025
Referred to the House Committee on Ways and Means.
Sep 17
Sep 17, 2025
Introduced in House
Sep 17
Sep 17, 2025
Sponsor introductory remarks on measure. (CR H4397)
Sep 17
Sep 17, 2025
Introduced in House
Sep 16
Sep 16, 2025
Sponsor introductory remarks on measure. (CR E863)
Read the bill text
Official text via Congress.gov. Opens in a new tab.
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Full action log

All 5 recorded actions since introduction · Source: Congress.gov
Sep 17
HOUSEReferred to the House Committee on Ways and Means.
Sep 17
Introduced in House
Sep 17
Sponsor introductory remarks on measure. (CR H4397)
Sep 17
Introduced in House
Sep 16
Sponsor introductory remarks on measure. (CR E863)

All 30 cosponsors

30 Democrats · 0 Republicans
Democrats (30)

In the news

Family Businesses Concerned About Potential New Wealth Tax Act Re-Introduced in Congress - Macau Business
Here's how area members of Congress voted - Mansfield News Journal
Congressman Mfume Leads Passage of Two Bills to Address Pandemic Fraud - Representative Kweisi Mfume | (.gov)
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