To amend the Internal Revenue Code of 1986 to impose a tax on certain trading transactions.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to impose a tax on certain trading transactions., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Foreign Policy, Environment.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H447A70D224DB41B79AD3A97EB4E4F906: 1. Short title This Act may be cited as the Wall Street Tax Act of 2023.
- Section H629C7260CBB549B2AF753387D37B2C9D: 2. Transaction tax Chapter 36 of the Internal Revenue Code of 1986 is amended by inserting after subchapter B the following new subchapter: CTax on Trading...
- Section H3E25DC6050EE403EA8C40ADC70EA04D8: 4475. Tax on trading transactions There is hereby imposed a tax on each covered transaction with respect to any security. The tax imposed under subsection (a)...
- Section HAD15FF5E009D4E36830E9058FDC5D14B: 4476. Derivative defined For purposes of this subchapter, except as otherwise provided in this section, the term derivative means any contract (including any...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to impose a tax on certain trading transactions., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Foreign Policy, Environment
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to impose a tax on certain trading transactions., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMs. Hoyle of Oregon (for herself, Mr. Blumenauer, Mr. Carson, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
- "the_commission"
- → The commission identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology