H.R. 4870 · 118th Congress · 2023–2024
Wall Street Tax Act of 2023
H.R. 4870 in the 118th Congress (2023–2024) was introduced on Jul 25, 2023, sponsored by Val T. Hoyle with 20 co-sponsors.
During the 118th Congress (2023–2024), Joe Biden was president, and Republicans held the House majority and Democrats the Senate majority.
- Status
- Introduced
- Introduced
- Jul 25, 2023
- Co-sponsors
- 20
- Policy area
- Taxation
What it does
Wall Street Tax Act of 2023 This bill imposes a 0.1% excise tax on certain financial transactions such as the purchase of stocks, bonds, and derivatives. The tax applies to the purchase of a security if (1) such purchase occurs on, or is subject to the rules of, a qualified board or exchange located in the United States; or (2) the purchaser or seller is a U.S. person.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Val T. Hoyle (D-OR). Co-sponsors: 20 Democrats.
Where it stands
- IntroducedJul 25, 2023
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Jul 25, 2023)
More bills from Val T. Hoyle in the 118th Congress
Other Taxation bills in the 118th Congress
- H.R. 1432: VETT Act
- H.R. 5863: Federal Disaster Tax Relief Act of 2023
- H.R. 3797: Paperwork Burden Reduction Act
- H.R. 3801: Employer Reporting Improvement Act
- H.R. 190: Saving Gig Economy Taxpayers Act
- H.R. 329: American Workforce Empowerment Act
- H.R. 531: Educational Choice for Children Act
- S. 596: Military Spouse Hiring Act
- H.R. 700: Supply Chain Disruptions Relief Act
- H.R. 812: Inflation Reduction Act of 2023
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 4870 (118th Congress): Wall Street Tax Act of 2023,” https://www.capitolreceipts.com/bill/118-hr-4870/wall-street-tax-act-of-2023 (accessed 2026-10-17).