Introduced
S. 4246
Introduced in Senate · April 14, 2026March 26, 2026
Ms. Warren (for herself, Ms. Duckworth, Ms. Hirono, Mr. Markey, Mr. Merkley, Mr. Schiff, Ms. Smith, Mr. Schatz, Mr. Van Hollen, Mr. Welch, and Mr. Whitehouse) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to impose a tax on the net value of assets of a taxpayer, and for other purposes.
Imposition of tax
Net value of taxable assets
Special rules
Information reporting
Enforcement
Authorization of appropriations
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Ultra-Millionaire Tax Act of 2026”.