H.R. 5427
119th Congress
House
Billionaires Income Tax Act
Official title: To amend the Internal Revenue Code of 1986 to eliminate tax loopholes that allow billionaires to defer tax indefinitely through planning strategies such as "bu… Show full official titleShow less
Official title: To amend the Internal Revenue Code of 1986 to eliminate tax loopholes that allow billionaires to defer tax indefinitely through planning strategies such as "buy, borrow, die", to modify over 30 tax provisions so that billionaires are required to pay taxes annually, and for other purposes.
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 17, 2025
Referred to the House Committee on Ways and Means.
Sep 17, 2025
Sponsor introductory remarks on measure. (CR H4397)
Sep 17, 2025
Introduced in House
Sep 16, 2025
Sponsor introductory remarks on measure. (CR E863)
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What's happening now
Referred to the House Committee on Ways and Means.
Related & companion bills
1
Bill text
1 version
- Introduced in House Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Lobbying activity
27
- AMERICAN FEDERATION OF TEACHERS
- FINSECA
- M FINANCIAL
- AMERICANS FOR FINANCIAL REFORM
- AMERICANS FOR FINANCIAL REFORM
- AMERICAN FEDERATION OF TEACHERS
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Labor, Dept of (DOL)
- Securities & Exchange Commission (SEC)
- Treasury, Dept of
- Centers For Medicare and Medicaid Services (CMS)
- Federal Reserve System
- Health & Human Services, Dept of (HHS)
Cosponsors
33
D
Dexter, Maxine
D
Budzinski, Nikki
D
Deluzio, Christopher R.
D
Larson, John B.
D
Chu, Judy
D
Lofgren, Zoe
D
Beyer, Donald S.
D
Boyle, Brendan F.
D
Clarke, Yvette D.
D
Davis, Danny K.
D
Dean, Madeleine
D
DeLauro, Rosa L.
D
Evans, Dwight
D
Frost, Maxwell
D
Garamendi, John
D
García, Jesús G. "Chuy"
D
Huffman, Jared
D
Jackson, Jonathan L.
D
Kelly, Robin L.
D
Landsman, Greg
D
Lee, Summer L.
D
McCollum, Betty
D
McGovern, James P.
D
Mullin, Kevin
D
Nadler, Jerrold
D
Norcross, Donald
D
Norton, Eleanor Holmes
D
Omar, Ilhan
D
Ramirez, Delia C.
D
Sánchez, Linda T.
D
Scanlon, Mary Gay
D
Simon, Lateefah
D
Tlaib, Rashida
Cite this page
U.S. Congress. (2026). H.R. 5427: Billionaires Income Tax Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-5427/
"H.R. 5427: Billionaires Income Tax Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-5427/.
H.R. 5427, 119th Cong. (2026), https://openamerica.io/bill/119-HR-5427/.
[H.R. 5427: Billionaires Income Tax Act](https://openamerica.io/bill/119-HR-5427/)