HR6438Referred to Committee

ROBINHOOD Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-12-04
Introduced
10
Cosponsors
HR
ⓘ
Type

Sponsor

Daniel S. Goldman
Daniel S. Goldman
Democrat · NY · Representative
Votes with party: 97.2% (535 recorded votes)
Top industries funding sponsor:
  • Progressive Groups$78k

Full profile: /officials/G000599

Source: Congress.gov · FEC

Cosponsors (10)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

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 →

Referred to the House Committee on Ways and Means.

2025-12-04

Source: Congress.gov

Committee Activity

Currently in

Previously

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
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Related legislation

Bills by the same sponsor or covering overlapping subjects.