ROBINHOOD Act

This bill imposes a 20% tax on certain loans secured by assets like stocks or business property for individuals earning over $400,000 annually (or $450,000 for joint returns). The tax applies to the borrowed amount each year and is paid directly by borrowers. It specifically excludes home mortgages, home equity loans, margin loans, and farmland-secured loans. The tax targets high-value lending outside standard residential financing, with new rules taking effect after the bill's enactment.