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U.S. Legislative Tracker

S 3845

Official Title: A bill to amend the Internal Revenue Code of 1986 to eliminate tax loopholes that allow billionaires to defer tax indefinitely through planning strategies such as "buy, borrow, die", to modify over 30 tax provisions so that billionaires are required to pa

Introduced: 09/17/2025

Passed House:

Passed Senate:

To President:

Became Law:

Summary:

A summary is in progress.

Action(s):

  • 09/17/2025 - Read twice and referred to the Committee on Finance.
  • 09/17/2025 - Introduced in Senate
Data made available by: Api.Congress.Gov

Bill Details

  • Billionaires Income Tax Act

  • Senate

  • Congress Number: 119