H.R.5783 - Investing in Our Future Act of 2010

To amend the Internal Revenue Code of 1986 to impose an excise tax on currency transactions. view all titles (2)

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  • Official: To amend the Internal Revenue Code of 1986 to impose an excise tax on currency transactions. as introduced.
  • Short: Investing in Our Future Act of 2010 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
07/19/10
 
 
 
 
 
 
 

Official Bill Text Comment on about 19 Pages

Official Summary

7/20/2010--Introduced.Investing in Our Future Act of 2010 - Amends the Internal Revenue Code to impose an excise tax on currency transactions exceeding $10,000 equal to 0.005% of the value of the currency acquired in the transaction (currency transaction tax). Establishes in the Treasury:
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Official Summary

7/20/2010--Introduced.Investing in Our Future Act of 2010 - Amends the Internal Revenue Code to impose an excise tax on currency transactions exceeding $10,000 equal to 0.005% of the value of the currency acquired in the transaction (currency transaction tax). Establishes in the Treasury:
(1) the Child Care Assistance Trust Fund, which shall be funded with 20% of the revenues from the currency transactions tax and which shall be used to provide increased allocations to states for child care assistance;
(2) the Multilateral Global Health Trust Fund, which shall be funded with 40% of the revenues from such tax and from which the Secretary of State shall make grants to assist developing countries in addressing HIV/AIDS, tuberculosis, malaria, maternal mortality, family planning, neglected diseases, and other health issues; and
(3) the Global Climate Change Adaptation and Mitigation Trust Fund, which shall be funded with 40% of the revenues from such tax and which shall be used for contributions to a United Nations Framework Convention on Climate Change global climate fund for climate change adaptation and mitigation.

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Recent Blog Coverage

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12/28/10
Climate Wars

On July 20 Representative Pete Stark (CA) introduced HR 5783, the Investing in Our Future Act. The bill would place a levy of 0.005% on currency transactions and invest the revenue in programs to help countries adapt to the negative ...

Source: Letters from the Prairie
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10/20/10
U.S. Congress: the Key to International Climate Action? « Of Peace ...

Along with a coalition of other NGOs, I have been working to support the “Investing in Our Future Act,” H.R. 5783, sponsored by Rep. Pete Stark (who is of no relation to me, although I still feel some kind of personal connection ...

Source: Of Peace And Politics
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10/15/10
Just to make you aware....

H.R.5783. Title: Investing in Our Future Act of 2010. Status on this bill is lited here: http://thomas.loc.gov/cgi-bin/bdquery/z?d111:h.r.05783. There may be other pending and or hidden taxes you may want to be aware of so just please ...

Source: Dinar Rumor - Iraq Dinar Forum - Find out...
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