ROBINHOOD Act of 2026

This bill would change federal tax law so that when certain taxpayers with very high income or wealth take out a loan, they must treat some of their long-term investments as sold and pay tax on the gain. The rule covers individuals who, for each of the 3 prior years, had income over $100 million or net assets over $1 billion, as well as certain large trusts and estates. The amount of gain treated as realized must equal at least the loan amount, and capital losses could not be used to offset it. Leases longer than 5 years and loans to partnerships or S corporations owned by these taxpayers would also be covered. Loans taken out before the law takes effect would be treated as one loan issued on January 1, 2027.

Full text and official record on Congress.gov

Sponsors

• Ruben Gallego Democrat sponsor
• 0 cosponsors