House bill · 119th Congress · Latest step: Introduced
Billionaires Income Tax Act
Official title: To amend the Internal Revenue Code of 1986 to eliminate tax loopholes that allow billionaires to defer tax indefinitely through planning strategies such as "buy, borrow, die", to modify over 30 tax provisions so that billionaires are required to pay taxes annually, and for other purposes.
Sponsor: Rep. Steve Cohen D-TNWhere it went
- IntroducedSep 17, 2025
- Committee action—
- Passed House—
- Passed Senate—
- To the President—
- Became law—
Latest action: Sep 17, 2025 — Referred to the House Committee on Ways and Means.
Cost and committee reports
Official records Congress.gov attaches to H.R. 5427.
- Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. COHEN, as printed in the Congressional Record (Vol. 171, No. 152, September 17, 2025, Page H4411):Article 1, Section 8Source: Congress.gov, Congressional Record September 17, 2025 ↗
Evidence
- Field in the Congress.gov record
- constitutionalAuthorityStatementText
- Statement length
- 20 characters
- Congress.gov bill record
- H.R. 5427, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/5427
- Record last updated by Congress.gov
- October 6, 2026
- PORKER copy retrieved
- October 7, 2026
- Stored copy, SHA-256 of the file
966dbb8cb42f64d8273415e69fb8e9f6bc449861011985442e524f8241865b71
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.
Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of October 6, 2026). Not every bill gets one.
From the Congress.gov bill record for H.R. 5427, last updated October 6, 2026. PORKER’s copy was retrieved October 7, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.
Vote results
No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).
Cosponsors
33 cosponsors — 33 Democrats
0 of 33 cosponsors (0%) are from the other party.
Donald Beyer (D-VA), Brendan Boyle (D-PA), Nikki Budzinski (D-IL), Judy Chu (D-CA), Yvette Clarke (D-NY), Danny Davis (D-IL), Rosa DeLauro (D-CT), Madeleine Dean (D-PA), Christopher Deluzio (D-PA), Maxine Dexter (D-OR), Dwight Evans (D-PA), Maxwell Frost (D-FL), John Garamendi (D-CA), Jesús García (D-IL), Jared Huffman (D-CA), Jonathan Jackson (D-IL), Robin Kelly (D-IL), Greg Landsman (D-OH), John Larson (D-CT), Summer Lee (D-PA), Zoe Lofgren (D-CA), Betty McCollum (D-MN), James McGovern (D-MA), Kevin Mullin (D-CA), Jerrold Nadler (D-NY), Donald Norcross (D-NJ), Eleanor Norton (D-DC), Ilhan Omar (D-MN), Delia Ramirez (D-IL), Mary Gay Scanlon (D-PA) and 3 more.
More from the sponsor
Other 119th Congress bills sponsored by Rep. Steve Cohen.
- H.R. 144 (119th) Tennessee Valley Authority Salary Transparency Act
- H.R. 1669 (119th) To amend the Public Health Service Act to reauthorize the Stop, Observe, Ask, and Respond to Health and Wellness Training Program.
- H.R. 9401 (119th) Latonya Reeves Freedom Act of 2026
- H.R. 5451 (119th) Aviation Funding Stability Act of 2025
- H.R. 1056 (119th) To include the Czech Republic in the list of foreign states whose nationals are eligible for admission into the United States as E1…
- H.R. 3623 (119th) Horse Transportation Safety Act of 2025
Related bills
- H.R. 10367 (119th) Working Americans Affordability Tax Credit ActRelated bill
- S. 2845 (119th) Billionaires Income Tax ActRelated bill
Relationships as recorded by Congress.gov.
Sponsor’s state and district
Data as of Oct 7, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.