2025-2026 Regular SessionUS 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