Ultra-Millionaire Tax Act of 2026
Latest action · Mar 25, 2026 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 25, 2026
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Cosponsors 50
Members who signed on, in the order they did. Signatures ran from Mar 25, 2026 to Oct 29, 2026; 39 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-WA | Adam Smith | Original | Mar 25, 2026 |
| D-AZ | Adelita S. Grijalva | Original | Mar 25, 2026 |
| D-NY | Alexandria Ocasio-Cortez | Original | Mar 25, 2026 |
| D-MA | Ayanna Pressley | Original | Mar 25, 2026 |
| D-NJ | Bonnie Watson Coleman | Original | Mar 25, 2026 |
| D-PA | Brendan F. Boyle | Original | Mar 25, 2026 |
| D-PA | Christopher R. Deluzio | Original | Mar 25, 2026 |
| D-NY | Daniel S. Goldman | Original | Mar 25, 2026 |
| D-IL | Danny K. Davis | Original | Mar 25, 2026 |
| D-IL | Delia C. Ramirez | Original | Mar 25, 2026 |
| D-VA | Donald S. Beyer, Jr. | Original | Mar 25, 2026 |
| D-DC | Eleanor Holmes Norton | Original | Mar 25, 2026 |
| D-NJ | Frank Pallone, Jr. | Original | Mar 25, 2026 |
| D-MD | Glenn Ivey | Original | Mar 25, 2026 |
| D-GA | Henry C. "Hank" Johnson, Jr. | Original | Mar 25, 2026 |
| D-MN | Ilhan Omar | Original | Mar 25, 2026 |
| D-MA | James P. McGovern | Original | Mar 25, 2026 |
| D-IL | Janice D. Schakowsky | Original | Mar 25, 2026 |
| D-NY | Jerrold Nadler | Original | Mar 25, 2026 |
| D-IL | Jesús G. "Chuy" García | Original | Mar 25, 2026 |
| D-HI | Jill N. Tokuda | Original | Mar 25, 2026 |
| D-IL | Jonathan L. Jackson | Original | Mar 25, 2026 |
| D-CA | Judy Chu | Original | Mar 25, 2026 |
| D-CA | Lateefah Simon | Original | Mar 25, 2026 |
| D-CA | Laura Friedman | Original | Mar 25, 2026 |
| D-CA | Linda T. Sánchez | Original | Mar 25, 2026 |
| D-PA | Madeleine Dean | Original | Mar 25, 2026 |
| D-CA | Mark DeSaulnier | Original | Mar 25, 2026 |
| D-CA | Mark Takano | Original | Mar 25, 2026 |
| D-FL | Maxwell Frost | Original | Mar 25, 2026 |
| D-NM | Melanie A. Stansbury | Original | Mar 25, 2026 |
| D-NY | Nydia M. Velázquez | Original | Mar 25, 2026 |
| D-MI | Rashida Tlaib | Original | Mar 25, 2026 |
| D-CA | Robert Garcia | Original | Mar 25, 2026 |
| D-IL | Robin L. Kelly | Original | Mar 25, 2026 |
| D-MI | Shri Thanedar | Original | Mar 25, 2026 |
| D-PA | Summer L. Lee | Original | Mar 25, 2026 |
| D-NC | Valerie P. Foushee | Original | Mar 25, 2026 |
| D-AZ | Yassamin Ansari | Original | Mar 25, 2026 |
| D-TX | Greg Casar | Mar 26, 2026 | |
| D-CA | Maxine Waters | Mar 27, 2026 | |
| D-PA | Dwight Evans | Apr 2, 2026 | |
| D-NY | Grace Meng | Apr 9, 2026 | |
| D-ME | Chellie Pingree | Apr 14, 2026 | |
| D-NJ | Analilia Mejia | Apr 27, 2026 | |
| D-CA | Ro Khanna | May 4, 2026 | |
| D-NM | Teresa Leger Fernandez | May 12, 2026 | |
| D-NY | Adriano Espaillat | Jun 10, 2026 | |
| D-OR | Maxine Dexter | Jun 23, 2026 | |
| D-CA | Zoe Lofgren | Oct 29, 2026 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Mar 25, 2026 |
Actions 2
Everything that happened, newest first.
- Mar 25, 2026Introduced in House
- Mar 25, 2026Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 172, no. 56, March 25, 2026, page H2711.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 4246 | Ultra-Millionaire Tax Act of 2026 | Identical bill | Mar 26, 2026 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to impose a tax on the net value of assets of a taxpayer, and for other purposes.
- Short Title(s) as Introduced
- Ultra-Millionaire Tax Act of 2026
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 25, 2026Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
