S. 3956 119th Congress Senate

Make Billionaires Pay Their Fair Share Act

Official title: A bill to amend the Internal Revenue Code of 1986 to impose an annual tax on the net value of assets held by a taxpayer, and for other purposes.

Introduced: March 2, 2026 Introduced by: Bernard Sanders Independent · Vermont See on congress.gov

Taxation

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 2, 2026

Read twice and referred to the Committee on Finance.

Mar 2, 2026

Introduced in Senate

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What's happening now March 2, 2026

Read twice and referred to the Committee on Finance.

Related & companion bills 6

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Finance Committee
Senate

Lobbying activity 27

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

SOUTHERN POVERTY LAW CENTER, INC.
for SOUTHERN POVERTY LAW CENTER, INC. · Alabama · 3rd Quarter 2026 (July 1 - Sep 30)
COMMUNICATIONS WORKERS OF AMERICA
for COMMUNICATIONS WORKERS OF AMERICA · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
NEW VENTURE FUND
for NEW VENTURE FUND · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
AMERICAN FEDERATION OF TEACHERS
for AMERICAN FEDERATION OF TEACHERS · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
P STREET PROJECT, INC.
for P STREET PROJECT, INC. · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
INTERNATIONAL ASSOCIATION OF MACHINISTS AND AEROSPACE WORKERS
for INTERNATIONAL ASSOCIATION OF MACHINISTS AND AEROSPACE WORKERS · Maryland · 3rd Quarter 2026 (July 1 - Sep 30)

Bodies those filers lobbied

HOUSE OF REPRESENTATIVES
27 filings
SENATE
27 filings
White House Office
6 filings
Federal Aviation Administration (FAA)
5 filings
Homeland Security, Dept of (DHS)
5 filings
U.S. Trade Representative (USTR)
5 filings
Labor, Dept of (DOL)
4 filings
Agriculture, Dept of (USDA)
3 filings

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 27 filings →

Cosponsors 1

Van Hollen, Chris

Maryland · Mar 26, 2026

Cite this page click to expand

APA

U.S. Congress. (2026). S. 3956: Make Billionaires Pay Their Fair Share Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-3956/

MLA

"S. 3956: Make Billionaires Pay Their Fair Share Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-3956/.

Bluebook (legal)

S. 3956, 119th Cong. (2026), https://openamerica.io/bill/119-S-3956/.

Markdown link

[S. 3956: Make Billionaires Pay Their Fair Share Act](https://openamerica.io/bill/119-S-3956/)