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HR 8695 116th Congress House

Protecting Retirement Savers and Everyday Investors Act

Official title: To impose a limitation on taxation and fees on transactions by certain securities industry participants, and for other purposes.

Introduced: November 9, 2020 See on congress.gov
Finance and Financial Sector Financial services and investmentsSales and excise taxesSecuritiesState and local taxation
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Tax administration and collection, taxpayersUser charges and fees
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Oct 27, 2020
Referred to the House Committee on the Judiciary.
Oct 27, 2020
Introduced in House
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 Latest action October 27, 2020

Referred to the House Committee on the Judiciary.

 Plain-English summary Congressional Research Service

Protecting Retirement Savers and Everyday Investors Act

This bill prohibits states and local governments from imposing taxes upon a securities industry participant based on the number, volume, or value of securities transactions processed or consummated by the participant, with exceptions.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Steil, Bryan
Wisconsin · Nov 9, 2020
 R
Huizenga, Bill
Michigan · Oct 27, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8695: Protecting Retirement Savers and Everyday Investors Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-8695/
MLA
"H.R. 8695: Protecting Retirement Savers and Everyday Investors Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-8695/.
Bluebook (legal)
H.R. 8695, 116th Cong. (2026), https://openamerica.io/bill/116-HR-8695/.
Markdown link
[H.R. 8695: Protecting Retirement Savers and Everyday Investors Act](https://openamerica.io/bill/116-HR-8695/)
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