3.0.0
4870
2025-12-05T08:17:50Z
2025-12-05T08:17:50Z
House
H
HR
2023-07-25
118
https://www.congress.gov/bill/118th-congress/house-bill/4870
[Congressional Record Volume 169, Number 128 (Tuesday, July 25, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. HOYLE of Oregon:H.R. 4870.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I of the United States Constitutionand its subsequent amendments, and further clarified andinterpreted by the Supreme Court of the United States.The single subject of this legislation is:This bill imposes a 0.1% excise tax on certain purchases ofstocks, bonds, and derivatives.[Page H3951]
- hswm00
Ways and Means Committee
House
Standing
  - Referred To
2023-07-25T16:04:50Z

- WPA Act
118
8602
HR
2024-12-17
Referred to the Subcommittee on Work and Welfare.
  - Related bill
CRS

- Wall Street Tax Act of 2023
118
2491
S
2023-07-25
Read twice and referred to the Committee on Finance.
  - Related bill
CRS
- 2023-07-25
Referred to the House Committee on Ways and Means.
IntroReferral
H11100
2
House floor actions
  - hswm00
Ways and Means Committee
- 2023-07-25
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-07-25
Introduced in House
IntroReferral
1000
9
Library of Congress
- H001094
Rep. Hoyle, Val T. [D-OR-4]
Val
Hoyle
D
OR
T.
4
N
- B000574
Rep. Blumenauer, Earl [D-OR-3]
EARL
BLUMENAUER
D
OR
3
2023-07-25
True
- C001072
Rep. Carson, Andre [D-IN-7]
André
Carson
D
IN
7
2023-07-25
True
- C001068
Rep. Cohen, Steve [D-TN-9]
Steve
Cohen
D
TN
9
2023-07-25
True
- G000586
Rep. Garcia, Jesus G. "Chuy" [D-IL-4]
Jesus
Garcia
D
IL
G.
4
2023-07-25
True
- G000551
Rep. Grijalva, Raúl M. [D-AZ-7]
Raúl
Grijalva
D
AZ
M.
7
2023-07-25
True
- J000298
Rep. Jayapal, Pramila [D-WA-7]
Pramila
Jayapal
D
WA
7
2023-07-25
True
- K000389
Rep. Khanna, Ro [D-CA-17]
Ro
Khanna
D
CA
17
2023-07-25
True
- M000312
Rep. McGovern, James P. [D-MA-2]
JAMES
MCGOVERN
D
MA
P.
2
2023-07-25
True
- N000147
Del. Norton, Eleanor Holmes [D-DC-At Large]
ELEANOR
NORTON
D
DC
HOLMES
0
2023-07-25
True
- P000597
Rep. Pingree, Chellie [D-ME-1]
Chellie
Pingree
D
ME
1
2023-07-25
True
- P000607
Rep. Pocan, Mark [D-WI-2]
Mark
Pocan
D
WI
2
2023-07-25
True
- P000617
Rep. Pressley, Ayanna [D-MA-7]
Ayanna
Pressley
D
MA
7
2023-07-25
True
- S001145
Rep. Schakowsky, Janice D. [D-IL-9]
JANICE
SCHAKOWSKY
D
IL
D.
9
2023-07-25
True
- S000510
Rep. Smith, Adam [D-WA-9]
ADAM
SMITH
D
WA
9
2023-07-25
True
- T000472
Rep. Takano, Mark [D-CA-39]
Mark
Takano
D
CA
39
2023-07-25
True
- T000481
Rep. Tlaib, Rashida [D-MI-12]
Rashida
Tlaib
D
MI
12
2023-07-25
True
- T000487
Rep. Tokuda, Jill N. [D-HI-2]
Jill
Tokuda
D
HI
N.
2
2023-07-25
True
- W000822
Rep. Watson Coleman, Bonnie [D-NJ-12]
Bonnie
Watson Coleman
D
NJ
12
2023-07-25
True
- R000606
Rep. Raskin, Jamie [D-MD-8]
Jamie
Raskin
D
MD
8
2023-07-26
False
- F000476
Rep. Frost, Maxwell [D-FL-10]
Maxwell
Frost
D
FL
10
2023-09-20
False
Taxation
Taxation
2023-08-25T15:00:35Z
00
2023-07-25
Introduced in House
2023-10-10T15:22:37Z
Wall Street Tax Act of 2023
This bill imposes a 0.1% excise tax on certain financial transactions such as the purchase of stocks, bonds, and derivatives.
The tax applies to the purchase of a security if (1) such purchase occurs on, or is subject to the rules of, a qualified board or exchange located in the United States; or (2) the purchaser or seller is a U.S. person.
A security includes
- a share of stock in a corporation;
- a partnership or beneficial ownership interest in a partnership or trust;
- a note, bond, debenture, or other evidence of indebtedness; and
- derivatives that meet specified criteria.
The tax applies to transactions with respect to a derivative if (1) the derivative is traded on, or is subject to the rules of, a qualified board or exchange located in the United States; or (2) any party with rights under the derivative is a U.S. person.
The bill exempts from such tax (1) initial issues of securities; and (2) any note, bond, debenture, or other evidence of indebtedness that is traded on or is subject to the rules of, a qualified board or exchange located in the United States, and has a fixed maturity of not more than 100 days.
The tax applies to transactions by a controlled foreign corporation and must be paid by its U.S. shareholders.

Wall Street Tax Act of 2023
- Display Title
45

Wall Street Tax Act of 2023
2024-07-24T15:20:53Z
- Short Title(s) as Introduced
101

Wall Street Tax Act of 2023
2024-05-24T13:37:33Z
Introduced in House
IH
- Official Title as Introduced
6

To amend the Internal Revenue Code of 1986 to impose a tax on certain trading transactions.
2024-03-18T21:12:58Z
Introduced in House
IH
- Introduced in House
2023-07-25T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr4870ih/xml/BILLS-118hr4870ih.xml
2023-07-25
Referred to the House Committee on Ways and Means.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
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