HR7767Referred to Committee

Make Billionaires Pay Their Fair Share Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-03-03
Introduced
7
Cosponsors
HR
ⓘ
Type

Sponsor

Ro Khanna
Ro Khanna
Democrat · CA · Representative
Votes with party: 97.5% (596 recorded votes)

Full profile: /officials/K000389

Source: Congress.gov · FEC

Cosponsors (7)

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 Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Financial Services, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

2026-03-03

Source: Congress.gov

Committee Activity

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Plain-English Summary

This proposal would create a new annual tax on wealthy individuals based on the total value of their assets rather than just their income, affecting people with substantial net worth. The tax would apply each year to the net value of things like investments, real estate, and other property that taxpayers own. The bill has been referred to multiple congressional committees to review how it would work with existing tax laws and financial regulations.

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.