2025-2026 Regular Session • US Congress Legislature
HB5427
Legislative Summary
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.
Bill History
9/16/2025
Sponsor introductory remarks on measure. (CR E863)
House of Representatives
9/17/2025
Introduced in House
House of Representatives
9/17/2025
Sponsor introductory remarks on measure. (CR H4397)
House of Representatives
9/17/2025
Introduced in House
House of Representatives
9/17/2025
Referred to the House Committee on Ways and Means.
House of Representatives
Status Information
Current Status
Introduced(9/16/2025)
Chamber
House of Representatives
Committee
Ways And Means(House of Representatives)
Sponsors
Democrat: 28
Primary Sponsor

Steve Cohen
Democrat
Co-Sponsors (27)
Don Beyer
Democrat
Rashida Tlaib
Democrat
Jesus Garcia
Democrat
James McGovern
Democrat
Eleanor Norton
Democrat
Danny Davis
Democrat
Rosa DeLauro
Democrat
Brendan Boyle
Democrat
Betty McCollum
Democrat
Jerrold Nadler
Democrat
John Garamendi
Democrat
Robin Kelly
Democrat
Madeleine Dean
Democrat
Kevin Mullin
Democrat
Ilhan Omar
Democrat
Greg Landsman
Democrat
Mary Gay Scanlon
Democrat
Yvette Clarke
Democrat
Jared Huffman
Democrat
Donald Norcross
Democrat
Linda Sanchez
Democrat
Dwight Evans
Democrat
Maxwell Frost
Democrat
Summer Lee
Democrat
Lateefah Simon
Democrat
Jonathan Jackson
Democrat
Delia Ramirez
Democrat