Sponsor · U.S. Representative, WA-7 · Democratic
House bill · H.R. 8085 (119th Congress)
Ultra-Millionaire Tax Act of 2026
Summary
Would amend the Internal Revenue Code to impose an annual tax on the net value of a taxpayer's assets above a threshold set in the bill.
AI summary. Not an official summary. How we handle summaries
Your position on this bill
Not chosen yet
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
House Committee on Ways and Means · U.S. House of Representatives
Related bills
As identified by Congress.gov.
Cosponsors
Adam Smith, Adelita S. Grijalva and 47 others
Cosponsors listed on Congress.gov, shown A to Z.
- Democratic49
Shown in neutral colors by design; Agora is non-partisan.
- Adam Smith
- Adelita S. Grijalva
- Adriano Espaillat
- Alexandria Ocasio-Cortez
- Analilia Mejia
- Ayanna Pressley
- Bonnie Watson Coleman
- Brendan F. Boyle
- Chellie Pingree
- Christopher R. Deluzio
- Daniel S. Goldman
- Danny K. Davis
Show the full list (49 names)Show fewer cosponsors
- Delia C. Ramirez
- Donald S. Beyer, Jr.
- Dwight Evans
- Eleanor Holmes Norton
- Frank Pallone, Jr.
- Glenn Ivey
- Grace Meng
- Greg Casar
- Henry C. "Hank" Johnson, Jr.
- Ilhan Omar
- James P. McGovern
- Janice D. Schakowsky
- Jerrold Nadler
- Jesús G. "Chuy" García
- Jill N. Tokuda
- Jonathan L. Jackson
- Judy Chu
- Lateefah Simon
- Laura Friedman
- Linda T. Sánchez
- Madeleine Dean
- Mark DeSaulnier
- Mark Takano
- Maxine Dexter
- Maxine Waters
- Maxwell Frost
- Melanie A. Stansbury
- Nydia M. Velázquez
- Rashida Tlaib
- Ro Khanna
- Robert Garcia
- Robin L. Kelly
- Shri Thanedar
- Summer L. Lee
- Teresa Leger Fernandez
- Valerie P. Foushee
- Yassamin Ansari
Full history
- Mar 25, 2026
Introduced
Introduced in House
U.S. House of Representatives
- Mar 25, 2026
Introduced
Introduced in U.S. House
U.S. House
- Mar 25, 2026
Referred to committee
Referred to the House Committee on Ways and Means.
U.S. House of Representatives
From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data
Read the record
- Read on Congress.gov (opens in a new tab) The official record on Congress.gov.