Skip to main content
S. 1787 112th Congress Senate

Wall Street Trading and Speculators Tax Act

Official title: A bill to amend the Internal Revenue Code of 1986 to impose a tax on certain trading transactions.

Introduced: February 16, 2012 See on congress.gov
Taxation Financial services and investmentsSales and excise taxesSecurities
Sign in to write a letter Sign in to watch
This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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
Nov 2, 2011
Read twice and referred to the Committee on Finance.
Nov 2, 2011
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action November 2, 2011

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Wall Street Trading and Speculators Tax Act - Amends the Internal Revenue Code to impose a .03% excise tax on the purchase of a security: (1) if such purchase occurs on a trading facility located in the United States, or (2) the purchaser or seller is a U.S. person.

Defines "security" to include: (1) stocks, partnership interests, notes, bonds, debentures, or other evidences of indebtedness; and (2) interests in a derivative financial instrument (i.e., any option, forward contract, futures contract, notional principal contract, or any similar financial instrument).

Exempts from such tax: (1) initial issues of securities; (2) any note, bond, debenture, or other evidence of indebtedness which has a fixed maturity of not more than 100 days; and (3) securities traded pursuant to certain lending arrangements.

 Related & companion bills 4
  • HR 3313 Identical bill Wall Street Trading and Speculators Tax Act
  • HR 5909 Comprehensive Dental Reform Act of 2012
  • HR 6411 Inclusive Prosperity Act
  • S 3272 Comprehensive Dental Reform Act of 2012
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Independent 1
D
Whitehouse, Sheldon
Rhode Island · Feb 16, 2012
 I
Sanders, Bernard
Vermont · Nov 2, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1787: Wall Street Trading and Speculators Tax Act. 112th Congress. Open America. https://openamerica.io/bill/112-S-1787/
MLA
"S. 1787: Wall Street Trading and Speculators Tax Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-1787/.
Bluebook (legal)
S. 1787, 112th Cong. (2026), https://openamerica.io/bill/112-S-1787/.
Markdown link
[S. 1787: Wall Street Trading and Speculators Tax Act](https://openamerica.io/bill/112-S-1787/)
Report a problem