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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
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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 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
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 Plain-English summary Congressional Research Service

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 September 26, 2008

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Democratic 9
D
DeLauro, Rosa L.
Connecticut · Sep 29, 2008
 D
McGovern, James P.
Massachusetts · Sep 27, 2008
 D
Schakowsky, Janice D.
Illinois · Sep 27, 2008
 D
Hirono, Mazie K.
Hawaii · Sep 26, 2008
 D
Johnson, Henry C. "Hank"
Georgia · Sep 26, 2008
 D
Kaptur, Marcy
Ohio · Sep 26, 2008
 D
Scott, Robert C. "Bobby"
Virginia · Sep 26, 2008
 D
Waters, Maxine
California · Sep 26, 2008
 D
Welch, Peter
Vermont · Sep 26, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7125: Let Wall Street Pay for Wall Street's Illiquid Assets Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-HR-7125/
MLA
"H.R. 7125: Let Wall Street Pay for Wall Street's Illiquid Assets Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-7125/.
Bluebook (legal)
H.R. 7125, 110th Cong. (2026), https://openamerica.io/bill/110-HR-7125/.
Markdown link
[H.R. 7125: Let Wall Street Pay for Wall Street's Illiquid Assets Act of 2008](https://openamerica.io/bill/110-HR-7125/)
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