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 pay taxes annually, and for other purposes.

9/18/2025, 5:15 PM

Summary of Bill HR 5427

The bill, titled "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\", aims to modify over 30 tax provisions to ensure that billionaires are obligated to pay taxes yearly.

Current Status of Bill HR 5427

Bill HR 5427 is currently in the status of Bill Introduced since September 17, 2025. Bill HR 5427 was introduced during Congress 119 and was introduced to the House on September 17, 2025. Bill HR 5427's most recent activity was Referred to the House Committee on Ways and Means. as of September 17, 2025

Bipartisan Support of Bill HR 5427

Total Number of Sponsors

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Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5427

Primary Policy Focus

Alternate Title(s) of Bill HR 5427

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 pay taxes annually, and for other purposes.