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S. 1990 118th Congress Senate

Tax on Wall Street Speculation Act

Official title: A bill to impose a tax on certain trading transactions to invest in our families and communities, improve our infrastructure and our environment, strengthen ou… Show full official titleShow less

Official title: A bill to impose a tax on certain trading transactions to invest in our families and communities, improve our infrastructure and our environment, strengthen our financial security, expand opportunity and reduce market volatility.

Introduced: June 14, 2023 Introduced by: Bernard Sanders Independent · Vermont See on congress.gov
Taxation
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 14, 2023
Read twice and referred to the Committee on Finance.
Jun 14, 2023
Introduced in Senate
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 Latest action June 14, 2023

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Tax on Wall Street Speculation Act

This bill imposes an excise tax on the transfer of ownership in certain securities (covered transactions), including any share of stock in a corporation; any partnership or beneficial interest in a partnership or trust; any note, bond, debenture, or other evidence of indebtedness (excluding tax-exempt municipal bonds); and derivative financial instruments or digital assets.

The bill includes exceptions for initial issues, certain traded short-term indebtedness, and securities lending arrangements.

The bill also (1) imposes a penalty on taxpayers who fail to include a covered transaction on their tax return or information statement, and (2) allows an individual taxpayer whose modified adjusted gross income does not exceed $50,000 ($75,000 for married taxpayers filing joint returns) a tax credit for the amount of tax paid on covered transactions.

 Related & companion bills 1
  • HR 4119 Identical bill Tax on Wall Street Speculation Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 9

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

  • NASDAQ, INC.
    for NASDAQ INC · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
  • AMERICAN FEDERATION OF TEACHERS
    for AMERICAN FEDERATION OF TEACHERS · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)
  • NASDAQ, INC.
    for NASDAQ INC · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)
  • AMERICAN FEDERATION OF TEACHERS
    for AMERICAN FEDERATION OF TEACHERS · District of Columbia · 1st Quarter 2026 (Jan 1 - Mar 31)
  • NASDAQ, INC.
    for NASDAQ INC · District of Columbia · 1st Quarter 2026 (Jan 1 - Mar 31)
  • NASDAQ, INC.
    for NASDAQ INC · District of Columbia · 4th Quarter 2025 (Oct 1 - Dec 31)

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 9 filings →
 Cosponsors 1
All 1 Democratic 1
D
Padilla, Alex
California · Jun 14, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1990: Tax on Wall Street Speculation Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-1990/
MLA
"S. 1990: Tax on Wall Street Speculation Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-1990/.
Bluebook (legal)
S. 1990, 118th Cong. (2026), https://openamerica.io/bill/118-S-1990/.
Markdown link
[S. 1990: Tax on Wall Street Speculation Act](https://openamerica.io/bill/118-S-1990/)
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