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 HC9625C39FDE04D0C8A0616ABB52EBE81: 1. Short title This Act may be cited as the Wall Street Tax Act of 2025.
- Section HE4713B4CB563492E952BBD3A98CE79AB: 2. Transaction tax Chapter 36 of the Internal Revenue Code of 1986 is amended by inserting after subchapter B the following new subchapter: There is hereby...
- Section HC1D28B3F33984FB588EEDDECF705F04A: 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 H893B02338D594409B96B33EDA44B8DF8: 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
IntroducedMr. Schatz (for himself, Ms. Warren, Mr. Van Hollen, Mr. …
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