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HR 2441 106th Congress House

Fairness in Securities Transactions Act

Official title: To amend the Securities Exchange Act of 1934 to reduce fees on securities transactions.

Introduced: July 1, 1999 See on congress.gov
Finance and Financial Sector Administrative feesAppropriationsCommerceEconomics and Public Finance
More subjectsShow fewer subjects
Government Operations and PoliticsIndependent regulatory commissionsLawSecurities and Exchange CommissionSecurities industrySecurities regulationStock exchanges
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 15, 2000
Placed on the Union Calendar, Calendar No. 596.
Dec 15, 2000
Reported (Amended) by the Committee on Commerce. H. Rept. 106-1034.
Oct 6, 2000
Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 16.
Oct 6, 2000
Committee Consideration and Mark-up Session Held.
Feb 15, 2000
Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.
Sep 28, 1999
Committee Consideration and Mark-up Session Held.
Jul 21, 1999
Referred to the Subcommittee on Finance and Hazardous Materials.
Jul 1, 1999
Referred to the House Committee on Commerce.
Jul 1, 1999
Introduced in House
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 Latest action December 15, 2000

Placed on the Union Calendar, Calendar No. 596.

 Plain-English summary Congressional Research Service
Fairness in Securities Transactions Act - Amends the Securities Exchange Act of 1934 to reduce (from one three-hundredth of one percent to one five-hundredth of one percent) the transaction fees designed to recover the costs to the Government of securities markets oversight and enforcement.

Provides that if insufficient fees are collected for the budget authority of the Securities and Exchange Commission (SEC) as provided by an appropriations Act, such Act may provide for a fee increase, with all such increases deposited and credited as offsetting collections to the pertinent appropriations account.

Requires that such fees be deposited and collected as general revenue of the Treasury. Prohibits the fee amount in any fiscal year from exceeding a specified baseline amount.

Mandates that fees collected in excess of such baseline amount: (1) only be collected or spent to the extent provided in advance in appropriation Acts; and (2) be deposited and credited as offsetting collections to the account providing appropriations to the SEC.

 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 6
All 6 Democratic 2 Republican 2
R
Calvert, Ken
California · Jul 19, 1999
Burr, Richard
· Jul 1, 1999
 D
Meeks, Gregory W.
New York · Jul 1, 1999
 D
Pallone, Frank
New Jersey · Jul 1, 1999
 R
Sessions, Pete
Texas · Jul 1, 1999
TAUZIN, W.
· Jul 1, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2441: Fairness in Securities Transactions Act. 106th Congress. Open America. https://openamerica.io/bill/106-HR-2441/
MLA
"H.R. 2441: Fairness in Securities Transactions Act." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-2441/.
Bluebook (legal)
H.R. 2441, 106th Cong. (2026), https://openamerica.io/bill/106-HR-2441/.
Markdown link
[H.R. 2441: Fairness in Securities Transactions Act](https://openamerica.io/bill/106-HR-2441/)
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