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HR 5783 111th Congress House

Investing in Our Future Act of 2010

Official title: To amend the Internal Revenue Code of 1986 to impose an excise tax on currency transactions.

Introduced: September 22, 2010 See on congress.gov
Taxation Child care and developmentChild healthClimate change and greenhouse gasesCurrency
More subjectsShow fewer subjects
Family planning and birth controlFinancial services and investmentsForeign aid and international reliefGovernment trust fundsHIV/AIDSHealth programs administration and fundingInfectious and parasitic diseasesInternational law and treatiesInternational organizations and cooperationSales and excise taxesUnited NationsWorld health
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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
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
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 Latest action July 20, 2010

Referred to House Foreign Affairs

 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Schakowsky, Janice D.
Illinois · Sep 22, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5783: Investing in Our Future Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-HR-5783/
MLA
"H.R. 5783: Investing in Our Future Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-5783/.
Bluebook (legal)
H.R. 5783, 111th Cong. (2026), https://openamerica.io/bill/111-HR-5783/.
Markdown link
[H.R. 5783: Investing in Our Future Act of 2010](https://openamerica.io/bill/111-HR-5783/)
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