HR 1311
107th Congress
House
Finance and Financial Sector
Administrative fees
Appropriations
Commerce
Congress
Congressional reporting requirements
Economics and Public Finance
Federal employees
Fees
Government Operations and Politics
Independent regulatory commissions
Law
Pay equity
Salaries
Securities and Exchange Commission
Securities industry
Securities regulation
Stock exchanges
Fairness in Securities Transactions Act
Introduced: March 29, 2001
See on congress.gov
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
Plain-English summary
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.
What's happening now
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Committees of jurisdiction
2
Cosponsors
1