House bill · 119th Congress · Latest step: Introduced

Make Billionaires Pay Their Fair Share Act

H.R. 7767Introduced Mar 3, 2026Policy area: Taxation

Official title: To amend the Internal Revenue Code of 1986 to impose an annual tax on the net value of assets held by a taxpayer, and for other purposes.

Sponsor: Rep. Ro Khanna D-CA

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Where it went

IntroducedMar 3, 2026
Committee action—
Passed House—
Passed Senate—
To the President—
Became law—

Latest action: Mar 3, 2026 — Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Financial Services, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Cost and committee reports

Official records Congress.gov attaches to H.R. 7767.

Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. KHANNA, as printed in the Congressional Record (Vol. 172, No. 40, March 3, 2026, Page H2369):
Article I, Section 8, clause 1
Source: Congress.gov, Congressional Record March 3, 2026 ↗
Evidence
Field in the Congress.gov record
constitutionalAuthorityStatementText
Statement length
30 characters
Congress.gov bill record
H.R. 7767, 119th Congress
Congress.gov API record
https://api.congress.gov/v3/bill/119/hr/7767
Record last updated by Congress.gov
September 19, 2026
PORKER copy retrieved
September 24, 2026
Stored copy, SHA-256 of the file
dbb8f074183c3193631ef0057bbc5bf6d1bbf5db94cea9597d37aca98759eec8
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 September 19, 2026). Not every bill gets one.

Sent to: Financial Services Committee, Education and Workforce Committee, Energy and Commerce Committee, Ways and Means CommitteeBills with a CBO estimate Bills with a committee report See it in the Data Web

From the Congress.gov bill record for H.R. 7767, last updated September 19, 2026. PORKER’s copy was retrieved September 24, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.