HR 6438
Robinhood act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 13, 2026, 4:10 PM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, known as the ROBINHOOD Act, proposes a new tax on high-income individuals. It would impose a 20% excise tax on secured loans and lines of credit taken out by people with an adjusted gross income exceeding $400,000. The tax would be paid by the borrower and collected annually by the Secretary of the Treasury. The bill specifically excludes certain types of loans like residential mortgages and farmland loans.
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