ROBINHOOD Act of 2026
Bill Summary
Imposes a tax on certain financial transactions, such as stock trades. Requires financial institutions to pay this tax on these transactions.
Sponsored By
Bill Journey
- Jun 2, 2026
- Jun 2, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill affects financial institutions, such as banks and investment firms, by requiring them to pay a tax on certain transactions. It also affects investors, including individuals and organizations, who will likely see the cost of these taxes passed on to them through higher fees or lower returns.
Impact Areas
Support & Opposition
- Democratic1
Documents
1
Full text opens on congress.gov, the official source.
Bill Details
- Economy
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.