Oligarch Act of 2025

Hozzl · 2025-05-12T19:37:43Z

Explore the details of House Bill 2912 Oligarch Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

5/12/2025, 7:37 PM

Summary of Bill HR 2912

The bill titled "To amend the Internal Revenue Code of 1986 to establish a wealth tax, and for other purposes" was introduced in the 119th Congress on April 14, 2025. This bill aims to amend the Internal Revenue Code by introducing a wealth tax and includes provisions related to this tax, along with other purposes specified in the bill.

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Current Status of Bill HR 2912

Bill HR 2912 is currently in the status of Bill Introduced since April 14, 2025. Bill HR 2912 was introduced during Congress 119 and was introduced to the House on April 14, 2025. Bill HR 2912's most recent activity was Referred to the House Committee on Ways and Means. as of April 14, 2025

Bipartisan Support of Bill HR 2912

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 2912

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 2912

To amend the Internal Revenue Code of 1986 to establish a wealth tax, and for other purposes.

Comments

Novalee Montgomery

767

11 months ago

I think this bill is good idea. It will help make things more fair for everyone. I don't know all the details, but it sounds like it could help me and my family. I hope it passes soon. #politics #wealthtax #fairness