# 119-s-3956: Make Billionaires Pay Their Fair Share Act

119-s-3956, Make Billionaires Pay Their Fair Share Act, is a 119th Congress bill sponsored by Sen. Sanders, Bernard [I-VT] (I-VT); status introduced; PRIA reads it as touching household money (as of 2026-05-08).

- Canonical: https://policyrisk.com/legislation/119-s-3956
- As of: 2026-05-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3956
- Congress: 119
- Title: Make Billionaires Pay Their Fair Share Act
- Status: introduced
- Introduced: 2026-03-02
- Sponsor: Sen. Sanders, Bernard [I-VT] (I-VT)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-05-08

## Summary

**A 5% wealth tax on billionaires** would fund broad expansions in health, child care, and affordability programs. It pairs a new annual wealth tax with Medicare dental, hearing, and vision coverage, a universal birth‑to‑five child care entitlement, expanded premium subsidies, and affordability rebates. - Parents and children: would guarantee subsidized child care for eligible children under age six starting October 1, 2026. Families would face sliding fees up to 7% of income while the federal share would cover 90% of direct care costs. - Medicare beneficiaries: would gain dental, hearing, and vision benefits with dentures covered beginning January 1, 2027 and other services starting January 1, 2028. Preventive dental care would be paid at 100% and most other services at 80% coinsurance. - Very wealthy taxpayers: would face a 5% annual tax on net assets above $1 billion, plus new asset reporting, a federal wealth registry, valuation rules, and special rules for trusts and expatriation. *Overall, the bill would increase federal spending through new program expansions and explicit appropriations.*

## Cosponsors (1)

- Sen. Van Hollen, Chris [D-MD] (D-MD), 2026-03-26T00:00:00.000Z

## Provisions PRIA read

- More Medicaid support for HCBS: benefit, high. If enacted, States that meet new HCBS program rules would get an 8 percentage-point FMAP increase for qualifying home and community-based services, capped so total FMAP does not exceed 95%. States that implement qualifying self-directed programs would get an extra 2 percentage points for the first…
- Universal Birth-to-Five child care: benefit, high. If enacted, beginning October 1, 2026 eligible children under age 6 in approved States, territories, and Tribes would be entitled to direct child care services. The federal government would pay 90% of direct child care service costs each quarter and the statute authorizes $20 billion in FY2026 for…
- Higher starting pay for teachers: benefit, high. If enacted, the bill would set a minimum annual base salary of $60,000 for full-time first-year public school teachers for fiscal years 2027 through 2031. It would create a federal grant program starting in FY2027 to help States raise teacher pay (the bill authorizes $14.5 billion for FY2027, with…
- One-time $3,000 affordability rebate: benefit, medium. If enacted, the bill would provide an affordability rebate for tax year 2026: $3,000 for single filers, $6,000 for joint filers, plus $3,000 for each dependent claimed in the year. This would be a one-time payment for 2026 and the statute updates related textual references to reflect these amounts.
- 5% wealth tax and reporting: cost, high. If enacted, the bill would impose an annual 5% tax on the net value of global assets for any individual or trust with more than $1 billion in year-end net assets (married couples treated as one taxpayer). The bill would create an ownership registry and expanded asset reporting for public stock, dig…
- New Medicare dental, hearing, vision: mixed, high. If enacted, Medicare Part B would add dental, hearing, and routine vision coverage. Dentures would be covered starting January 1, 2027; most dental, hearing, and vision services would start January 1, 2028. Preventive dental care would be paid at 100%; other dental and hearing services would genera…

## Related bills

- 119-s-891: Bipartisan Health Care Act
- 119-s-2819: Head Start for America's Children Act
- 119-s-5283: Momnibus Act
- 119-s-4504: Full-Service Community School Expansion Act of 2026
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act

## Sources
- [119-s-3956 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3956)

## Related
- [119-s-891: Bipartisan Health Care Act](https://policyrisk.com/legislation/119-s-891)
- [119-s-2819: Head Start for America's Children Act](https://policyrisk.com/legislation/119-s-2819)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [119-s-4504: Full-Service Community School Expansion Act of 2026](https://policyrisk.com/legislation/119-s-4504)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3956 (as of 2026-05-08).