Bill > HR3313

Introduced Session

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.

Committee Categories

Joe Baca (D),  Earl Blumenauer (D),  Bruce Braley (D),  Corrine Brown (D),  Michael Capuano (D),  David Cicilline (D),  John Conyers (D),  Peter DeFazio (D),  Rosa DeLauro (D),  Donna Edwards (D),  Keith Ellison (D),  Sam Farr (D),  Bob Filner (D),  Raúl Grijalva (D),  Janice Hahn (D),  Maurice Hinchey (D),  Mazie Hirono (D),  Tim Holden (D),  Jesse Jackson (D),  Hank Johnson (D),  Zoe Lofgren (D),  Jim McGovern (D),  Michael Michaud (D),  James Moran (D),  Grace Napolitano (D),  Eleanor Holmes Norton (D),  John Olver (D),  Chellie Pingree (D),  Silvestre Reyes (D),  John Sarbanes (D),  Jan Schakowsky (D),  Bobby Scott (D),  Louise Slaughter (D),  Fortney Stark (D),  Betty Sutton (D),  Peter Welch (D),  Lynn Woolsey (D), 

Referred to the House Committee on Ways and Means. (on 11/02/2011)

Official Document