HRES1028119th CongressWALLET

Expressing the sense of the House of Representatives that the United States must act urgently to end the political and economic dominance of billionaire oligarchs, halt the corporate subsidies and tax advantages that fortify their power, and reinvest in the needs of the American people to defend democracy from authoritarianism.

Sponsored By: Representative Rep. Tlaib, Rashida [D-MI-12]

Introduced

Summary

End the political and economic dominance of billionaire oligarchs. This resolution urges halting corporate subsidies and special tax advantages that concentrate wealth and calls for redirecting public funds into education, health care, housing, clean energy, and infrastructure to defend democracy.

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  • Families and households: Pushes public spending toward education, health care, housing, and clean energy to make basic needs more affordable for households.
  • Workers and unions: Elevates the role of the labor movement and urges stronger protections and rules to curb corporate power and improve conditions for workers.
  • Democracy and civic life: Targets the influence of big money by calling out large campaign contributions, media and tech concentration, and Supreme Court decisions that treat money as speech.
  • Wealth and corporate power: Calls for breaking up monopolies, taxing high incomes and large estates, and ending corporate tax breaks and subsidies. It notes about 900 billionaires hold more combined wealth than the bottom 67 million households.

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Bill Overview

Analyzed Economic Effects

7 provisions identified: 6 benefits, 0 costs, 1 mixed.

Reform Supreme Court to Empower Congress

If adopted, this resolution would call for reforms to the Supreme Court so a majority of Justices interpret the Constitution to let Congress act against corporate domination. It would suggest changes to judicial selection processes or interpretive approaches. It does not set specific legal steps, statutes, or dates.

Limit Monopolies and Protect Critical Systems

If adopted, this resolution would ask the President and Congress to break up concentrations of economic and political power, especially monopolies in media, finance, and technology. It would also call for critical national security functions—cloud computing, surveillance, artificial intelligence, and space exploration—to be controlled by public servants rather than oligarchic private firms. It does not set specific statutory remedies, timetables, or funding.

Raise Taxes on Ultra-Rich and Firms

If adopted, this resolution would ask Congress and the President to increase tax rates on corporations and very rich individuals, enact a wealth tax, and close tax loopholes. It would direct that revenues be used for universal health care, affordable housing, debt-free education, climate resilience, and food programs. The resolution does not set exact tax rates, revenue estimates, or an implementation schedule.

Public Financing for Small-Donor Elections

If adopted, this resolution would call for election reforms that emphasize public financing and small-dollar contributions. The goal would be to reduce billionaire and corporate political spending and strengthen election integrity. The resolution does not specify program designs, eligibility rules, or funding amounts.

Big Boost for Labor Unions

If adopted, this resolution would ask the President and Congress to support a large expansion of labor unions and collective bargaining. The goal would be to increase worker bargaining power, wages, and benefits for ordinary Americans. The resolution does not specify exact laws, funding, or timelines.

Support Cooperative and Community Ownership

If adopted, this resolution would direct the President and Congress to promote cooperatives, nonprofits, multistakeholder, public, and community ownership models. It would encourage programs, incentives, or technical help to grow noncorporate ownership and democratic control. It does not set funding amounts or detailed program rules.

Stop Federal Support for Oligarchs

If adopted, this resolution would direct the federal government and the President to stop giving subsidies, contracts, loans, or grants to oligarchs and billionaire-controlled entities. The ban would apply when those entities engage in corrupt quid pro quo, fail to fairly compete, or break federal labor, environmental, or nondiscrimination laws. It does not create formal debarment procedures or list dollar amounts.

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Sponsors & CoSponsors

Sponsor

Rep. Tlaib, Rashida [D-MI-12]

MI • D

Cosponsors

  • Rep. Jayapal, Pramila [D-WA-7]

    WA • D

    Sponsored 1/30/2026

  • Rep. Ramirez, Delia C. [D-IL-3]

    IL • D

    Sponsored 1/30/2026

  • Rep. Lee, Summer L. [D-PA-12]

    PA • D

    Sponsored 1/30/2026

  • Rep. Hoyle, Val T. [D-OR-4]

    OR • D

    Sponsored 2/2/2026

  • Rep. García, Jesús G. "Chuy" [D-IL-4]

    IL • D

    Sponsored 2/4/2026

  • Rep. Schakowsky, Janice D. [D-IL-9]

    IL • D

    Sponsored 2/25/2026

  • Rep. Omar, Ilhan [D-MN-5]

    MN • D

    Sponsored 3/4/2026

Roll Call Votes

No roll call votes available for this bill.

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