Wall Street Tax Act of 2025

Sponsor: Val T. Hoyle (Democratic-OR)June 17, 2025

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on Ways and Means.

Many financial trades would face a new small tax starting in 2026.

This bill would add a new tax on buying and selling stocks, bonds, and other financial products. The tax would start at 0.02% in 2026 and gradually increase to 0.1% by 2030. This would affect investors, brokers, and exchanges involved in these transactions.

What Would Change

Currently, there is no federal tax specifically on each individual financial trading transaction like buying a stock or bond. If this bill became law, a small tax would be added to most of these transactions, starting at 0.02% in 2026 and increasing to 0.1% by 2030, with financial exchanges, brokers, or the traders themselves responsible for paying it.

Key Provisions

Imposes a new tax on most financial trading transactions.
Sets the initial tax rate at 0.02% of the transaction value, starting January 1, 2026.
Increases the tax rate gradually each year, reaching 0.1% by 2030.
Applies the tax to purchases of stocks, bonds, partnership interests, and derivatives.
Exempts the initial sale of new stocks or bonds from the tax.
Requires financial exchanges or brokers to collect the tax for most transactions.

View on Congress.gov

HR 4035 · 119th Congress · June 17, 2025 · AI Summary by gemini-2.5-flash · 9/10

Lobbying Activity

7 filings mentioned this bill

Top Lobbying Clients

PUBLIC CITIZEN

1 filing

NEW VENTURE FUND

2 filings

ASSOCIATED GENERAL CONTRACTORS OF AMERICA

2 filings

AMERICAN FEDERATION OF TEACHERS

2 filings

Top Lobbying Firms

1.NEW VENTURE FUND2 filings

2.ASSOCIATED GENERAL CONTRACTORS OF AMERICA2 filings

3.AMERICAN FEDERATION OF TEACHERS2 filings

4.PUBLIC CITIZEN1 filing

Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.

7 filings mentioned this bill

Top Lobbying Clients

PUBLIC CITIZEN

1 filing

NEW VENTURE FUND

2 filings

ASSOCIATED GENERAL CONTRACTORS OF AMERICA

2 filings

AMERICAN FEDERATION OF TEACHERS

2 filings

Top Lobbying Firms

1.NEW VENTURE FUND2 filings

2.ASSOCIATED GENERAL CONTRACTORS OF AMERICA2 filings

3.AMERICAN FEDERATION OF TEACHERS2 filings

4.PUBLIC CITIZEN1 filing

Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.