119-HR4035
Wall Street Tax Act of 2025
Last action was on 6-17-2025
SenateCurrent status is Referred to the House Committee on Ways and Means.
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119th CONGRESS
1st Session
H. R. 4035
1. Short title2. Transaction tax1. Short title
This Act may be cited as the "Wall Street Tax Act of 2025".
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:
(b) Information reporting with respect to controlled foreign corporations - Section 6038(a)(1)(B) of such Code is amended by inserting "and transactions which are covered transactions for purposes of section 4475 by reason of the application of section 4475(h)(1) to such corporation" before the semicolon at the end.
(c) Conforming amendment - The table of subchapters for chapter 36 of such Code is amended by inserting after the item relating to subchapter B the following new item:
(d) Effective date - The amendments made by this section shall apply to transactions after December 31, 2025.