S3956Referred 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
2026-03-02
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Bernard Sanders
Bernard Sanders
Independent · VT · Senator

Source: Congress.gov · FEC

Cosponsors (1)

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 →

Read twice and referred to the Committee on Finance.

2026-03-02

Source: Congress.gov

Committee Activity

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Previously

Plain-English Summary

This bill would impose a new annual tax on the wealth of extremely wealthy individuals, likely those with net worth above a certain threshold like $50 million or $1 billion. The tax would apply to their total assets rather than just their income, and the revenue collected would go toward federal spending. Supporters argue it would reduce wealth inequality and fund government programs, while critics worry it could be difficult to implement and might discourage investment.

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.