Billionaires Income Tax Act
Referred to the Finance Committee and never marked up, then reintroduced in 2025.
- BillS. 3367
- Congress118th Congress, 2023 to 2025
- SponsorRon Wyden (Democrat, OR)
- IntroducedNovember 30, 2023
- Cause of deathDied in committee
- Died inthe Senate
What it would have done
Required billionaires to pay tax on the yearly growth in value of their stocks and other assets instead of deferring it indefinitely, closing the buy, borrow, die strategy.
The path to law
The bill was referred to committee and the chair never scheduled a markup. No member of Congress had to vote on it. This is how most bills die, and it leaves no fingerprints.
Other lives of this bill
119th CongressS. 2845. Reintroduced in September 2025; in committee.
The record
Last verified November 10, 2026.