Introduced
S. 4662
Introduced in Senate · June 10, 2026June 2, 2026
Mr. Gallego 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 ensure that high net-worth individuals cannot avoid paying taxes on their income and assets.
Treatment of loans for applicable taxpayers
Treatment of loans for applicable taxpayers
Applicable taxpayer defined
Terms and rules relating to covered assets
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 “Redistribution Of Billions by Instituting New High-income Obligations on Overlooked Debt Act of 2026” or the “ROBINHOOD Act of 2026”.