To impose a tax on certain trading transactions to invest in our families and communities, improve our infrastructure and our environment, strengthen our financial security, expand opportunity and reduce market volatility.
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 impose a tax on certain trading transactions to invest in our families and communities, improve our infrastructure and our environment, strengthen our financial security, expand opportunity and reduce market volatility., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Environment, Government Operations.
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 H0E13ACCAC7E0404380A24EFF77E9F1E9: 1. Short title This Act may be cited as the Tax on Wall Street Speculation Act.
- Section HE8F3250E4B5C402B85600A1F1268800F: 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 H12F0E9477CD84C42BEBD623DE730CB9F: 4475. Tax on trading transactions There is hereby imposed a tax on the transfer of ownership in each covered transaction with respect to any security. The tax...
- Section H8F43BD296A6640FC939B0E02FBE9E8D2: 6707B. Penalty for failure to include covered transaction information with return Any person who fails to include on any return or statement any information...
- Section H18845B2D0A48440191DD5C83B4D1936E: 3. Offsetting credit for financial transaction tax Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by...
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 impose a tax on certain trading transactions to invest in our families and communities, improve our infrastructure and our environment, strengthen our financial security, expand opportunity and reduce market volatility., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Environment, Government Operations
Primary Purpose
This bill, To impose a tax on certain trading transactions to invest in our families and communities, improve our infrastructure and our environment, strengthen our financial security, expand opportunity and reduce market volatility., 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
IntroducedMr. Sanders (for himself and Mr. Padilla) introduced the following …
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