HR 7125
110th Congress
House
Taxation
Excise tax
Finance and Financial Sector
Financial services
Investments
Securities
Let Wall Street Pay for Wall Street's Illiquid Assets Act of 2008
Introduced: September 26, 2008
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 26, 2008
Referred to the House Committee on Ways and Means.
Sep 26, 2008
Introduced in House
Plain-English summary
Let Wall Street Pay for Wall Street's Illiquid Assets Act of 2008 - Amends the Internal Revenue Code to impose an excise tax on securities or commodity transactions equal to 0.25% of the value of the instruments involved in such transactions. Makes such tax payable by the trading facility on which such transactions occur.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1