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H.R. 1579 113th Congress House

Inclusive Prosperity Act of 2013

Official title: To impose a tax on certain trading transactions to strengthen our financial security, reduce market volatility, expand opportunity, and stop shrinking the middle class.

Introduced: April 16, 2013 See on congress.gov
Taxation Financial services and investmentsGovernment information and archivesIncome tax creditsSales and excise taxes
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SecuritiesTax administration and collection, taxpayers
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Apr 16, 2013
Referred to the House Committee on Ways and Means.
Apr 16, 2013
Introduced in House
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 Latest action April 16, 2013

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Inclusive Prosperity Act of 2013 - Amends the Internal Revenue Code to: (1) impose an excise tax on the transfer of ownership in certain securities (covered transaction), including any share of stock in a corporation, any partnership or beneficial interest in a partnership or trust, any note, bond, debenture, or other evidence of indebtedness (excluding tax-exempt municipal bonds), or derivative financial instruments; (2) impose a penalty on taxpayers who fail to include a covered transaction on their tax return or information statement; and (3) allow an individual taxpayer whose modified adjusted gross income does not exceed $50,000 ($75,000 for married taxpayers filing joint returns) a tax credit for the amount of tax paid on covered transactions.

 Related & companion bills 2
  • HR 880 Wall Street Trading and Speculators Tax Act
  • S 410 Wall Street Trading and Speculators Tax Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 16
All 16 Democratic 10
O'Rourke, Beto
· May 19, 2014
 D
Clark, Katherine M.
Massachusetts · Apr 1, 2014
 D
Garamendi, John
California · Apr 1, 2014
 D
Schakowsky, Janice D.
Illinois · Feb 18, 2014
 D
Huffman, Jared
California · Jul 31, 2013
CAPUANO, MICHAEL
· Jul 24, 2013
 D
Takano, Mark
California · Jul 24, 2013
HOLT, RUSH
· Jul 8, 2013
FARR, SAM
· Jun 25, 2013
 D
Pocan, Mark
Wisconsin · May 14, 2013
MCDERMOTT, JIM
· May 7, 2013
 D
Lofgren, Zoe
California · Apr 24, 2013
 D
Chu, Judy
California · Apr 16, 2013
Edwards, Donna
· Apr 16, 2013
 D
McGovern, James P.
Massachusetts · Apr 16, 2013
 D
Norton, Eleanor Holmes
District of Columbia · Apr 16, 2013
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1579: Inclusive Prosperity Act of 2013. 113th Congress. Open America. https://openamerica.io/bill/113-HR-1579/
MLA
"H.R. 1579: Inclusive Prosperity Act of 2013." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-1579/.
Bluebook (legal)
H.R. 1579, 113th Cong. (2026), https://openamerica.io/bill/113-HR-1579/.
Markdown link
[H.R. 1579: Inclusive Prosperity Act of 2013](https://openamerica.io/bill/113-HR-1579/)
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