What does Modern Action include in the message about H.R. 4119?

The draft includes the bill number, your position, the reasons you selected, any personal context you add, and a direct ask such as voting yes, voting no, cosponsoring, opposing, or seeking changes.

Contact Congress about H.R. 4119: Wall Street Tax Act of 2023

Q: How do I support or oppose H.R. 4119?

Choose support, opposition, or changes. Modern Action uses that stance, the bill context, and any reasons you choose to draft a message you can edit and send.

Q: Who should I contact about H.R. 4119?

Modern Action routes the drafted message to your House representative when that is the relevant target for this bill, using your address to confirm constituent status.

Many financial trades would cost more because of a new federal tax. Lower- and middle-income adults could get a tax credit for the tax on trades they own. Brokers and trading platforms would have to help collect and report it.

Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.

Wall Street Tax Act of 2023 is a House bill in Congress.

Who this affects: This bill mainly affects people and firms that buy and sell financial assets often. Large trading firms, brokers, trading platforms, and active investors would see the most direct changes. Smaller individual investors could also be affected, but many may qualify for a tax credit if they meet the bill's age, immigration status, and income rules.

Why this matters: This bill matters because it would make many financial trades cost more than they do now. That could raise federal revenue and reduce very fast trading that depends on tiny price changes. It could also raise costs for investors and create more work for brokers, platforms, and the IRS. The bill does not decide how any new federal revenue would be spent.

Key provisions in H.R. 4119

The bill adds a federal tax when ownership changes hands in many financial trades. It covers stocks, ownership interests, many bonds, derivatives, and digital assets.
The tax rate depends on what is being traded. It is 0.5% for most stocks, ownership interests, some bonds, and digital assets; 0.1% for certain debt; and 0.005% for derivatives based on the value of the underlying asset.
The tax applies to many trades connected to the United States. That includes trades done or cleared on a U.S. trading facility, or trades where at least one party is a U.S. person.
Some transactions are left out. These include many first-time security issuances, certain debt that matures in 60 days or less and trades on U.S. facilities, and certain securities lending deals under tax rules for loans of securities.
An exchange counts as both a sale and a purchase. That means each party in the exchange can face the transaction tax.

How Modern Action helps you take action on H.R. 4119

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about H.R. 4119

What is H.R. 4119?: Many financial trades would cost more because of a new federal tax. Lower- and middle-income adults could get a tax credit for the tax on trades they own. Brokers and trading platforms would have to help collect and report it.
How do I support or oppose H.R. 4119?: Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.
Who should I contact about H.R. 4119?: Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.
Can Modern Action explain H.R. 4119 before I act?: Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.

Contact Congress about H.R. 4119: Wall Street Tax Act of 2023

Wall Street Tax Act of 2023 is a House bill in Congress.

Key provisions in H.R. 4119

The bill adds a federal tax when ownership changes hands in many financial trades. It covers stocks, ownership interests, many bonds, derivatives, and digital assets.

The tax rate depends on what is being traded. It is 0.5% for most stocks, ownership interests, some bonds, and digital assets; 0.1% for certain debt; and 0.005% for derivatives based on the value of the underlying asset.

The tax applies to many trades connected to the United States. That includes trades done or cleared on a U.S. trading facility, or trades where at least one party is a U.S. person.

Some transactions are left out. These include many first-time security issuances, certain debt that matures in 60 days or less and trades on U.S. facilities, and certain securities lending deals under tax rules for loans of securities.

An exchange counts as both a sale and a purchase. That means each party in the exchange can face the transaction tax.

How Modern Action helps you take action on H.R. 4119

Questions people ask about H.R. 4119

What is H.R. 4119?

How do I support or oppose H.R. 4119?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about H.R. 4119?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

Can Modern Action explain H.R. 4119 before I act?

Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.