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S 2927 111th Congress Senate

Wall Street Fair Share Act

Official title: A bill to amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to fund job creation and deficit reduction, and for other purposes.

Introduced: December 23, 2009 See on congress.gov
Taxation Financial services and investmentsSales and excise taxesSecuritiesTax administration and collection, taxpayers
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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
Dec 23, 2009
Read twice and referred to the Committee on Finance.
Dec 23, 2009
Introduced in Senate
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 Latest action December 23, 2009

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Wall Street Fair Share Act - Amends the Internal Revenue Code to impose an excise tax on securities trading facilities, brokers, and purchasers for certain securities transactions. Sets such tax at .25% of the fair market value of the security traded. Defines "security" to include stock in a corporation, partnership interests, debt instruments, or interests in certain derivative financial instruments. Exempts from such tax an initial issue of securities, transactions in certain retirement, education, and health savings accounts, and transactions in mutual funds. 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Independent 1
I
Sanders, Bernard
Vermont · Dec 23, 2009
 D
Whitehouse, Sheldon
Rhode Island · Dec 23, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2927: Wall Street Fair Share Act. 111th Congress. Open America. https://openamerica.io/bill/111-S-2927/
MLA
"S. 2927: Wall Street Fair Share Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-2927/.
Bluebook (legal)
S. 2927, 111th Cong. (2026), https://openamerica.io/bill/111-S-2927/.
Markdown link
[S. 2927: Wall Street Fair Share Act](https://openamerica.io/bill/111-S-2927/)
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