Govwatch

Introduced

In Committee

3

Passed One Chamber

4

Passed Both

5

Signed into Law

Sponsor

Val T. Hoyle

Democrat · OR · Representative

Votes with party: 96.5% (548 recorded votes)

Full profile: /officials/H001094

Source: Congress.gov · FEC

Cosponsors (9)

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.

2025-06-17

Source: Congress.gov

Plain-English Summary

This bill would impose a small tax on financial transactions like stock and bond sales, with the goal of raising revenue and potentially reducing high-frequency trading. The tax would primarily affect Wall Street firms, investment banks, and wealthy investors who frequently buy and sell securities, though it could indirectly impact regular people with retirement accounts or mutual funds. Revenue collected would go to the federal government to help pay for 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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Open text view Read on Congress.gov

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