HCONRES 301
106th Congress
House
Foreign Trade and International Finance
Currency devaluation
Foreign exchange
Foreign exchange futures
International monetary system
Sales tax
Taxation
Expressing the sense of the Congress that the United States, in concert with the international community, should enact transaction taxes on short-term, cross-border foreign exchange transactions to deter speculation.
Introduced: April 11, 2000
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 3, 2000
Referred to the Subcommittee on International Economic Policy and Trade.
Apr 11, 2000
Referred to the Subcommittee on Domestic and International Monetary Policy.
Apr 11, 2000
Referred to the Committee on Banking and Financial Services, and in addition to the Committees on Ways and Means, and International Relations, 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.
Apr 11, 2000
Introduced in House
Plain-English summary
Expresses the sense of the Congress that: (1) the United States should show leadership by enacting, in concert with the international community, transaction taxes on short-term, cross- border foreign exchange transactions to deter speculation and that the adoption of such Tobin- style taxes should be done in coordination with a large number of nations, in a fully transparent and accountable manner, with the revenue dedicated to urgent global needs; (2) the United States should build support for and advocate this position at the World Bank and the International Monetary Fund, as well as within other regional and international organizations; and (3) this should not be done in isolation of other initiatives for reform of global finance and the United States should continue to explore other options with the international community.
What's happening now
Referred to the Subcommittee on International Economic Policy and Trade.