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HR 5783 111th Congress House Taxation Child care and development Child health Climate change and greenhouse gases Currency Family planning and birth control Financial services and investments Foreign aid and international relief Government trust funds HIV/AIDS Health programs administration and funding Infectious and parasitic diseases International law and treaties International organizations and cooperation Sales and excise taxes United Nations World health

Investing in Our Future Act of 2010

Introduced: July 20, 2010 See on congress.gov
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 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 20, 2010
Referred to House Foreign Affairs
Jul 20, 2010
Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, 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.
Jul 20, 2010
Referred to House Ways and Means
Jul 20, 2010
Sponsor introductory remarks on measure. (CR E1371)
Jul 20, 2010
Introduced in House
 Plain-English summary Congressional Research Service

Investing in Our Future Act of 2010 - Amends the Internal Revenue Code to impose an excise tax on currency transactions exceeding $10,000 equal to 0.005% of the value of the currency acquired in the transaction (currency transaction tax).

Establishes in the Treasury: (1) the Child Care Assistance Trust Fund, which shall be funded with 20% of the revenues from the currency transactions tax and which shall be used to provide increased allocations to states for child care assistance; (2) the Multilateral Global Health Trust Fund, which shall be funded with 40% of the revenues from such tax and from which the Secretary of State shall make grants to assist developing countries in addressing HIV/AIDS, tuberculosis, malaria, maternal mortality, family planning, neglected diseases, and other health issues; and (3) the Global Climate Change Adaptation and Mitigation Trust Fund, which shall be funded with 40% of the revenues from such tax and which shall be used for contributions to a United Nations Framework Convention on Climate Change global climate fund for climate change adaptation and mitigation.

What's happening now July 20, 2010

Referred to House Foreign Affairs

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1