HR6438Referred to Committee
ROBINHOOD Act
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2025-12-04
Introduced
9
Cosponsors
HR
ⓘType
Sponsor
Daniel S. Goldman
Democrat · NY · Representative
Votes with party: 97.2% (498 recorded votes)
Full profile: /officials/G000599
Source: Congress.gov · FEC
Cosponsors (9)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
- Ro Khanna (D-CA-17)· 2025-12-17
- Steve Cohen (D-TN-9)· 2026-04-16
- Adam Smith (D-WA-9)· 2026-04-20
- James P. McGovern (D-MA-2)· 2026-04-20
- Valerie P. Foushee (D-NC-4)· 2026-04-20
- Brittany Pettersen (D-CO-7)· 2026-04-21
- Rashida Tlaib (D-MI-12)· 2026-04-28
- Christopher R. Deluzio (D-PA-17)· 2026-05-07
- Nikema Williams (D-GA-5)· 2026-05-12
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- House Committee on Ways and MeansReferred To · 2025-12-04
Previously
- Ways and Means CommitteeReferred To · 2025-12-04
Plain-English Summary
The ROBINHOOD Act would impose a small tax on high-frequency stock trades and other financial transactions, with the goal of raising revenue and potentially reducing rapid trading that can destabilize markets. The tax would primarily affect wealthy investors and large financial firms that engage in frequent buying and selling of stocks, bonds, and derivatives. Revenue collected would likely go toward reducing the federal deficit or funding other government programs.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
Subjects
Taxation
Full bill text is not yet cached locally.
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