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HR 4191 111th Congress House Taxation Budget deficits and national debt Employment and training programs Financial services and investments Sales and excise taxes Securities Transportation programs funding

Let Wall Street Pay for the Restoration of Main Street Act of 2009

Introduced: December 3, 2009 See on congress.gov
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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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 3, 2009
Referred to House Budget
Dec 3, 2009
Referred to House Rules
Dec 3, 2009
Referred to the Committee on Ways and Means, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Dec 3, 2009
Referred to House Ways and Means
Dec 3, 2009
Introduced in House
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 Plain-English summary Congressional Research Service

Let Wall Street Pay for the Restoration of Main Street Act of 2009 - Amends the Internal Revenue Code to impose an excise tax on certain securities transactions, including transactions in stocks, futures, swaps, credit default swaps, and options. Exempts transactions for securities held in tax-exempt retirement accounts, health savings accounts, educational accounts, and regulated investment companies. Allows the purchaser of securities a credit against the excise tax for the lesser of the tax incurred or $250 ($500 for married couples filing joint tax returns). Requires withholding of excise tax amounts by the transferor of securities subject to the tax.

Requires one-half of the tax revenues raised by this Act to be held in a separate Job Creation Reserve account to offset additional costs from the Surface Transportation Authorization Act of 2009 and subsequent legislation to fund job creation.

Expresses the sense of Congress that one-half of the tax revenues raised by this Act shall be used to reduce the federal deficit.

What's happening now December 3, 2009

Referred to House Budget

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 6
All 6 Democratic 6
D
Lofgren, Zoe
California · Dec 9, 2009
 D
Hirono, Mazie K.
Hawaii · Dec 3, 2009
 D
Johnson, Henry C. "Hank"
Georgia · Dec 3, 2009
 D
Kaptur, Marcy
Ohio · Dec 3, 2009
 D
Schakowsky, Janice D.
Illinois · Dec 3, 2009
 D
Welch, Peter
Vermont · Dec 3, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4191: Let Wall Street Pay for the Restoration of Main Street Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-4191/
MLA
"H.R. 4191: Let Wall Street Pay for the Restoration of Main Street Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-4191/.
Bluebook (legal)
H.R. 4191, 111th Cong. (2026), https://openamerica.io/bill/111-HR-4191/.
Markdown link
[H.R. 4191: Let Wall Street Pay for the Restoration of Main Street Act of 2009](https://openamerica.io/bill/111-HR-4191/)
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