CURB Act

Senate Bill

S. 1990

119th Congress

CURB Act

In Committee

Introduced:Jun 9, 2025

Primary Sponsor

Bernard Sanders

I - VT

Cosponsors

1

Quick Stats

Policy Area

Taxation

Summary

The CURB Act would place a small tax on the buying and selling of stocks, bonds, and other financial instruments. This aims to discourage rapid, speculative trading and raise revenue that could be used for public programs.

Latest Action

Read twice and referred to the Committee on Finance.

Introduced6/9/2025

StatusRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

ChamberSenate

Data from Congress.gov

See this page through your district lens

Enter ZIP to personalize representatives and vote context.

Stay on top of this issue

Subscribe for weekly bill and representative updates.

Vote Prediction

CURB Act

The CURB Act would place a small tax on the buying and selling of stocks, bonds, and other financial instruments. This aims to discourage rapid, speculative trading and raise revenue that could be used for public programs.

Community Breakdown

Pass

0%

Fail

0%

0 predictions

The CURB Act would place a small tax on the buying and selling of stocks, bonds, and other financial instruments. This aims to discourage rapid, speculative trading and raise revenue that could be used for public programs.

Bill Number: 1990
Introduced: 6/9/2025
Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy Area: Taxation

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: CURB Act
Bill Number: 1990
Sponsor: No sponsor
Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced: 6/9/2025
Summary: The CURB Act would place a small tax on the buying and selling of stocks, bonds, and other financial instruments. This aims to discourage rapid, speculative trading and raise revenue that could be used for public programs.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

The CURB Act would place a small tax on the buying and selling of stocks, bonds, and other financial instruments. This aims to discourage rapid, speculative trading and raise revenue that could be used for public programs.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Tax on Wall Street Speculation Act This bill imposes an excise tax on the transfer of ownership in certain securities (covered transactions), including any share of stock in a corporation; any partnership or beneficial interest in a partnership or trust; any note, bond, debenture, or other evidence of indebtedness (excluding tax-exempt municipal bonds); and derivative financial instruments or digital assets. The bill includes exceptions for initial issues, certain traded short-term indebtedness, and securities lending arrangements. The bill also (1) imposes a penalty on taxpayers who fail to include a covered transaction on their tax return or information statement, and (2) allows an individual taxpayer whose modified adjusted gross income does not exceed $50,000 ($75,000 for married taxpayers filing joint returns) a tax credit for the amount of tax paid on covered transactions.

Key Points

Main provisions of the bill

The bill would impose a tax on the transfer of ownership of stocks, bonds, and other securities, with some exceptions.
It would provide a tax credit for lower-income individuals to offset the cost of the transaction tax.
The goal is to reduce high-frequency, speculative trading on Wall Street and generate revenue that could fund government initiatives.

How This Impacts Americans

Potential effects on citizens and communities

If passed, the CURB Act would primarily affect investors, financial institutions, and high-frequency traders who engage in rapid buying and selling of securities. This could lead to reduced speculative activity and slightly higher costs for everyday investors. The tax revenue generated could then be used to fund public programs, potentially benefiting the broader population.