Wall Street Tax Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2127 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2127 To amend the Internal Revenue Code of 1986 to impose a tax on certain trading transactions. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES June 18, 2025 Mr. Schatz (for himself, Ms. Warren, Mr. Van Hollen, Mr. Whitehouse, Mr. Fetterman, and Mr. Merkley) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to impose a tax on certain trading transactions. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Wall Street Tax Act of 2025''. SEC. 2. TRANSACTION TAX. (a) In General.--Chapter 36 of the Internal Revenue Code of 1986 is amended by inserting after subchapter B the following new subchapter: ``Subchapter C--Tax on Trading Transactions ``Sec. 4475. Tax on trading transactions. ``Sec. 447…