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.
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Latest Action · January 30, 2026
Referred to the Committee on the Judiciary, and in addition to the Committees on House Administration, Ways and Means, Education and Workforce, Energy and Commerce, Financial Services, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
H.Res. 1028 is a congressional resolution expressing the House's view that the federal government must urgently address the political and economic power of billionaire oligarchs. The resolution argues that wealthy individuals and corporations have corrupted U.S. democracy through campaign contributions and lobbying, citing examples like fossil fuel and tech industry spending in the 2024 election cycle, and contends that this concentration of wealth has led to stagnant wages and unaffordable basic needs for working Americans. The resolution calls for nine specific actions, including breaking up monopolies (especially in media, finance, and technology), increasing taxes on corporations and the wealthy, enacting a wealth tax, publicly financing elections, expanding unions, and redirecting public funds toward universal health care, affordable housing, education, and climate initiatives. This is a sense-of-the-House resolution, meaning it expresses the chamber's position without requiring budget allocations or creating a specific implementation timeline, though it urges the President and Congress to act "with all deliberate speed" on these priorities.
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