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RELEASE: Rep. Friedman Introduces Bill to Close Tax-Avoidance Loophole Used by the Ultra-Rich
October 20, 2026
WASHINGTON, Oct. 20 -- Rep. Laura Friedman, D-California, issued the following news release:

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RELEASE: Rep. Friedman Introduces Bill to Close Tax-Avoidance Loophole Used by the Ultra-Rich

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Pay Your TAB Act taxes borrowing against a fortune the same as selling it, while protecting hardworking Americans & small business owners

WASHINGTON, D.C. - Today, October 20, 2026, U.S. Congresswoman Laura Friedman (CA-30) introduced t . . .

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