H.R. 7502 (117 th ): Babies over Billionaires Act of 2022

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To amend the Internal Revenue Code of 1986 to adopt mark-to-market income tax rules for taxpayers with net worth above a specified threshold, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Jamaal Bowman

Sponsor. Representative for New York's 16th congressional district. Democrat.

This bill was introduced on April 14, 2022, in a previous session of Congress, but it did not receive a vote.

Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).

History

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

H.R. 7502 (117th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 7502. This is the one from the 117 th Congress.

This bill was introduced in the 117 th Congress, which met from Jan 3, 2021 to Jan 3, 2023. Legislation not passed by the end of a Congress is cleared from the books.

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GovTrack.us. (2024). H.R. 7502 — 117th Congress: Babies over Billionaires Act of 2022. Retrieved from https://www.govtrack.us/congress/bills/117/hr7502

“H.R. 7502 — 117th Congress: Babies over Billionaires Act of 2022.” www.GovTrack.us. 2022. September 18, 2024

Babies over Billionaires Act of 2022, H.R. 7502, 117th Cong..

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|title=H.R. 7502 (117th)
|accessdate=September 18, 2024
|author=117th Congress (2022)
|date=April 14, 2022
|work=Legislation
|publisher=GovTrack.us
|quote=Babies over Billionaires Act of 2022
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