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HR 1311 107th Congress House

Fairness in Securities Transactions Act

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

Introduced: March 29, 2001 See on congress.gov
Finance and Financial Sector Administrative feesAppropriationsCommerceCongress
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Congressional reporting requirementsEconomics and Public FinanceFederal employeesFeesGovernment Operations and PoliticsIndependent regulatory commissionsLawPay equitySalariesSecurities and Exchange CommissionSecurities industrySecurities regulationStock exchanges
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 10, 2001
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Mar 29, 2001
Referred to the House Committee on Financial Services.
Mar 29, 2001
Introduced in House
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 Latest action April 10, 2001

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

 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.

Replaces the fee structure for off-exchange trades of last-sale-reported securities with a fee structure for off-exchange trades of exchange-registered and last-sale-reported securities.

Provides that the fees so collected shall: (1) be deposited and credited as offsetting collections to the account providing appropriations to the Securities and Exchange Commission (SEC); and (2) not be deposited and credited as general revenue of the Treasury for specified fiscal years.

Sets forth requirements for pay parity for SEC employees.

 Related & companion bills 1
  • HR 1480 Identical bill Fairness in Securities Transactions Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Markey, Edward J.
Massachusetts · Mar 29, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1311: Fairness in Securities Transactions Act. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1311/
MLA
"H.R. 1311: Fairness in Securities Transactions Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1311/.
Bluebook (legal)
H.R. 1311, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1311/.
Markdown link
[H.R. 1311: Fairness in Securities Transactions Act](https://openamerica.io/bill/107-HR-1311/)
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