SB 5797 — Enacting a tax on stocks, bonds, and other financial intangible assets for the benefit of public schools.
Congress · introduced 2025-03-21
AN ACT Relating to enacting a wealth tax on stocks, bonds, and other financial intangible assets for the benefit of public schools;
Latest action: 2026-01-12 — Rules Committee relieved of further consideration. On motion, referred to Ways & Means.
Sponsors
- Frame, Noel (D, WA-36) — sponsor · 2025-03-21
- Dhingra, Manka (D, WA-45) — cosponsor · 2025-03-21
- Alvarado, Emily (D, WA-34) — cosponsor · 2025-03-21
- Bateman, Jessica (D, WA-22) — cosponsor · 2025-03-21
- Hasegawa, Bob (D, WA-11) — cosponsor · 2025-03-21
- Lovelett, Liz (D, WA-40) — cosponsor · 2025-03-21
- Nobles, T'wina (D, WA-28) — cosponsor · 2025-03-21
- Pedersen, Jamie (D, WA-43) — cosponsor · 2025-03-21
- Ramos, Bill (D, WA-5) — cosponsor · 2025-03-21
- Riccelli, Marcus (D, WA-3) — cosponsor · 2025-03-21
- Stanford, Derek (D, WA-1) — cosponsor · 2025-03-21
- Trudeau, Yasmin (D, WA-27) — cosponsor · 2025-03-21
- Valdez, Javier (D, WA-46) — cosponsor · 2025-03-21
- Wellman, Lisa (D, WA-41) — cosponsor · 2025-03-21
- Wilson, Claire (D, WA-30) — cosponsor · 2025-03-21
Action timeline
- · senate — First reading, referred to Ways & Means.
- · senate — WM - Majority; 1st substitute bill be substituted, do pass.
- · senate — Minority; do not pass.
- · senate — Minority; without recommendation.
- · senate — WM - Majority; 1st substitute bill be substituted, do pass.
- · senate — Minority; do not pass.
- · senate — Minority; without recommendation.
- · senate — Passed to Rules Committee for second reading.
- · senate — Placed on second reading by Rules Committee.
- · senate — Passed to Rules Committee for second reading.
- · senate — Placed on second reading by Rules Committee.
- · senate — 1st substitute bill not substituted.
- · senate — Floor amendment(s) adopted.
- · senate — Rules suspended. Placed on Third Reading.
- · senate — Third reading, passed; yeas, 26; nays, 21; absent, 0; excused, 1.
- · senate — First reading, referred to Finance.
- · senate — By resolution, returned to Senate Rules Committee for third reading.
- · senate — 1st substitute bill not substituted.
- · senate — By resolution, reintroduced and retained in present status.
- · senate — Rules Committee relieved of further consideration. On motion, referred to Ways & Means.
Text versions
No text versions on file yet — same ingest as the action timeline populates these. Each version has direct links to the XML / HTML / PDF at govinfo.gov.
Connected on the graph
Inbound (15)
| date | from | type | amount | role | source |
|---|---|---|---|---|---|
| 2025-03-21 | Alvarado, Emily | cosponsor_of_bill | — | cosponsor | sponsorship |
| 2025-03-21 | Bateman, Jessica | cosponsor_of_bill | — | cosponsor | sponsorship |
| 2025-03-21 | Wilson, Claire | cosponsor_of_bill | — | cosponsor | sponsorship |
| 2025-03-21 | Dhingra, Manka | cosponsor_of_bill | — | cosponsor | sponsorship |
| 2025-03-21 | Frame, Noel | sponsor_of_bill | — | sponsor | sponsorship |
| 2025-03-21 | Hasegawa, Bob | cosponsor_of_bill | — | cosponsor | sponsorship |
| 2025-03-21 | Lovelett, Liz | cosponsor_of_bill | — | cosponsor | sponsorship |
| 2025-03-21 | Nobles, T'wina | cosponsor_of_bill | — | cosponsor | sponsorship |
| 2025-03-21 | Pedersen, Jamie | cosponsor_of_bill | — | cosponsor | sponsorship |
| 2025-03-21 | Ramos, Bill | cosponsor_of_bill | — | cosponsor | sponsorship |
| 2025-03-21 | Riccelli, Marcus | cosponsor_of_bill | — | cosponsor | sponsorship |
| 2025-03-21 | Stanford, Derek | cosponsor_of_bill | — | cosponsor | sponsorship |
| 2025-03-21 | Trudeau, Yasmin | cosponsor_of_bill | — | cosponsor | sponsorship |
| 2025-03-21 | Valdez, Javier | cosponsor_of_bill | — | cosponsor | sponsorship |
| 2025-03-21 | Wellman, Lisa | cosponsor_of_bill | — | cosponsor | sponsorship |
Who matters
Members ranked by combined influence on this bill: role (sponsor 5 / cosponsor 1), capped speech count from the Congressional Record, and recorded-vote engagement.
| # | Member | Role | Speeches | Voted | Score |
|---|---|---|---|---|---|
| 1 | Frame, Noel (D, state_upper WA-36) | sponsor | 0 | — | 5 |
| 2 | Alvarado, Emily (D, state_upper WA-34) | cosponsor | 0 | — | 1 |
| 3 | Bateman, Jessica (D, state_upper WA-22) | cosponsor | 0 | — | 1 |
| 4 | Dhingra, Manka (D, state_upper WA-45) | cosponsor | 0 | — | 1 |
| 5 | Hasegawa, Bob (D, state_upper WA-11) | cosponsor | 0 | — | 1 |
| 6 | Lovelett, Liz (D, state_upper WA-40) | cosponsor | 0 | — | 1 |
| 7 | Nobles, T'wina (D, state_upper WA-28) | cosponsor | 0 | — | 1 |
| 8 | Pedersen, Jamie (D, state_upper WA-43) | cosponsor | 0 | — | 1 |
| 9 | Ramos, Bill (D, state_upper WA-5) | cosponsor | 0 | — | 1 |
| 10 | Riccelli, Marcus (D, state_upper WA-3) | cosponsor | 0 | — | 1 |
| 11 | Stanford, Derek (D, state_upper WA-1) | cosponsor | 0 | — | 1 |
| 12 | Trudeau, Yasmin (D, state_upper WA-27) | cosponsor | 0 | — | 1 |
| 13 | Valdez, Javier (D, state_upper WA-46) | cosponsor | 0 | — | 1 |
| 14 | Wellman, Lisa (D, state_upper WA-41) | cosponsor | 0 | — | 1 |
| 15 | Wilson, Claire (D, state_upper WA-30) | cosponsor | 0 | — | 1 |
Predicted vote
Aggregated from: actual roll-call votes (when present) → sponsor → cosponsor → party median (predicts YES when ≥25% of the caucus sponsored/cosponsored). Each row labels its confidence tier so you can see why a position was predicted.
0 predicted yes (0%) · 543 predicted no (100%) · 0 unknown (0%)
By party: · R: 0 yes / 277 no · D: 0 yes / 263 no · I: 0 yes / 3 no
Activity
Every typed-graph event involving this entity, newest first. Each row is one edge in the influence graph; click the date to jump to its provenance.
- 2025-03-21 · cosponsored by Alvarado, Emily (cosponsor) · sponsorship
- 2025-03-21 · cosponsored by Lovelett, Liz (cosponsor) · sponsorship
- 2025-03-21 · sponsored by Frame, Noel (sponsor) · sponsorship
- 2025-03-21 · cosponsored by Hasegawa, Bob (cosponsor) · sponsorship
- 2025-03-21 · cosponsored by Nobles, T'wina (cosponsor) · sponsorship
- 2025-03-21 · cosponsored by Ramos, Bill (cosponsor) · sponsorship
- 2025-03-21 · cosponsored by Pedersen, Jamie (cosponsor) · sponsorship
- 2025-03-21 · cosponsored by Valdez, Javier (cosponsor) · sponsorship
- 2025-03-21 · cosponsored by Wellman, Lisa (cosponsor) · sponsorship
- 2025-03-21 · cosponsored by Wilson, Claire (cosponsor) · sponsorship
- 2025-03-21 · cosponsored by Riccelli, Marcus (cosponsor) · sponsorship
- 2025-03-21 · cosponsored by Dhingra, Manka (cosponsor) · sponsorship
- 2025-03-21 · cosponsored by Trudeau, Yasmin (cosponsor) · sponsorship
- 2025-03-21 · cosponsored by Stanford, Derek (cosponsor) · sponsorship
- 2025-03-21 · cosponsored by Bateman, Jessica (cosponsor) · sponsorship