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Bill or law · United States

Make Billionaires Pay Their Fair Share Act (S. 3956 and H.R. 7767)

Pending

Title I imposes a yearly 5% tax on the net value of assets of individuals and trusts above $1 billion, with the revenue paying for affordability rebates, health, education and other programmes in the later titles.

Overview

Senator Bernie Sanders and Representative Ro Khanna's bill imposes a yearly 5% tax on the net value of assets of individuals and trusts above $1 billion. The revenue pays for affordability rebates, health, education and other programmes set out in the later titles.

Sanders introduced it in the Senate on 2 March 2026 as S. 3956 and Khanna in the House on 3 March as H.R. 7767. On 1 November 2026 the latest action in the govinfo data was the referral to committee (Finance; Ways and Means). The 119th Congress ends on 3 January 2027. The register compared the official sponsor lists and found them complete.

Written from the records and links on this page.

On the record 10

Statements, votes and sponsorships in the register whose source is this bill or one of its documents: 10 sponsorships.

Official documents 1

From the records tracker for United States: the bill, its debates, votes and committee reports, and whether each has been read in full.

People in the register 13

Sponsors and signatories who are on a register, each with the statement they rest on.