Wall Street Tax Act of 2023
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Wall Street Tax Act of 2023
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.
Read twice and referred to the Committee on Finance.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 2491: Wall Street Tax Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-S-2491/
"S. 2491: Wall Street Tax Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-2491/.
S. 2491, 118th Cong. (2026), https://openamerica.io/bill/118-S-2491/.
[S. 2491: Wall Street Tax Act of 2023](https://openamerica.io/bill/118-S-2491/)