Wall Street Tax Act of 2021
Official title: To amend the Internal Revenue Code of 1986 to impose a tax on certain trading transactions.
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Referred to the House Committee on Ways and Means.
Wall Street Tax Act of 2021
This bill imposes a 0.1% excise tax on certain purchases 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.
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 which 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.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 328: Wall Street Tax Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-328/
"H.R. 328: Wall Street Tax Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-328/.
H.R. 328, 117th Cong. (2026), https://openamerica.io/bill/117-HR-328/.
[H.R. 328: Wall Street Tax Act of 2021](https://openamerica.io/bill/117-HR-328/)