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HR 3153 111th Congress House

Transparent Markets Act of 2009

Official title: To amend the Internal Revenue Code of 1986 to impose a tax on over-the-counter derivatives transactions, and for other purposes.

Introduced: July 9, 2009 Introduced by: Larson, John B. Democratic · Connecticut See on congress.gov
Taxation Financial services and investmentsSales and excise taxesSecurities
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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
Jul 9, 2009
Referred to the House Committee on Ways and Means.
Jul 9, 2009
Introduced in House
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 Latest action July 9, 2009

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Transparent Markets Act of 2009 - Amends the Internal Revenue Code to impose an excise tax on over-the-counter derivative transactions. Sets the rate of such tax at 0.25% of the fair market value of the underlying property with respect to, or the notional principal amount of, the derivative financial instrument involved in such transactions. Defines "derivative financial instrument" as any option, forward contract, short position, notional principal contract, credit default swap, or similar financial instrument in any share of corporate stock, interest in a widely held or publicly traded partnership or trust, debt instrument, commodity which is actively traded, foreign currency, or specified index.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 3153: Transparent Markets Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-3153/
MLA
"H.R. 3153: Transparent Markets Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-3153/.
Bluebook (legal)
H.R. 3153, 111th Cong. (2026), https://openamerica.io/bill/111-HR-3153/.
Markdown link
[H.R. 3153: Transparent Markets Act of 2009](https://openamerica.io/bill/111-HR-3153/)
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