,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #fdch  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #d1 #bjbe,mr4
 ,goldman ( ,new ,york introduc$ !      
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to ensure high-income individuals 
pay _! fair %>e ( taxes4  #a4 ,%ort     
title ,?is ,act may be cit$ z !         
,r$i/ribution ( ,billions by ,in/itut+  
,new ,high-,income ,obligations on      
,ov]look$ ,debt ,act or ! ,,rob9hood    
,act4  #b4 ,excise tax on secur$ loans &
 l9es ( cr$it  7a7 ,excise tax ,*apt]   
#cf ( ! ,int]nal ,rev5ue ,code ( #aihf  
is am5d$ by ins]t+ aft] sub*apt] ,d !   
foll[+ new sub*apt]3  ,e ,c]ta9 secur$  
loans & l9es ( cr$it  ,sec4 #ddia4      
,imposition ( tax4  #ddia4 ,imposition (
 tax  7a7 ,9 g5]al ,!re is h]eby impos$ 
on any specifi$ secur$ loan or l9e (    
cr$it a tax equal to #bj p]c5t ( ! am\nt
 borr[$ dur+ ! taxable ye> ) respect to 
su* loan or l9e ( cr$it4  7b7 ,paym5t ( 

tax  7#a7 ,9 g5]al ,! tax impos$ "u     
subsection 7a7 ) respect to any specifi$
 secur$ loan or l9e ( cr$it %all be paid
 by ! borr[] ) respect to su* loan or   
l9e ( cr$it4  7#b7 ,collection ,! tax   
impos$ "u subsection 7a7 ) respect to   
su* loan or l9e ( cr$it %all be collect$
 annually by ! ,secret>y at su* "t & 9  
su* mann] z provid$ by ! ,secret>y4  7c7
 ,def9itions ,= purposes ( ?is section--
 7#a7 ,specifi$ secur$ loan or l9e (    
cr$it ,! t]m specifi$ secur$ loan or l9e
 ( cr$it-- 7,a7 means a loan or revolv+ 
cr$it arrangem5t secur$ by "o or m      
capital assets 7z def9$ 9 section       
#abba7;a77 ( an applicable borr[]1 "u   
:i* ! am\nt ( ! loan or available cr$it 
is bas$ on ! value ( su* asset1 &  7,b7 
does n include resid5tial mortgage      
loans1 home equity loans & l9es ( cr$it1
 m>g9 loans1 or l9es ( cr$it & loans    
secur$ by f>ml&4  7#b7 ,applicable      
borr[] ,! t]m applicable borr[] means an
 individual ) an adju/$ gross income    
great] ?an #djj1jjj 7#dej1jjj 9 ! case (

 a jo9t return74  7d7 ,regulations &    
guidance ,! ,secret>y may promulgate su*
 regulations or guidance z necess>y to  
c>ry out ! provisions ( ?is section4  4 
7b7 ,cl]ical am5dm5t ,! table (         
sub*apt]s = *apt] #cf ( ! ,int]nal      
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] ! item relat+ to sub*apt] ,d !    
foll[+ new item3  ,sub*apt] ,e4 ,c]ta9  
secur$ loans & l9es ( cr$it4  4  7c7    
,effective date ,! am5dm5ts made by ?is 
section %all apply to loans & l9es (    
cr$it ext5d$ aft] ! date ( ! enactm5t ( 
?is ,act4