U.S. Congress - H.R.3313 Wall Street Trading and Speculators Tax Act
H.R.3313 - Wall Street Trading and Speculators Tax Act
To amend the Internal Revenue Code of 1986 to impose a tax on certain trading transactions. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to impose a tax on certain trading transactions. as introduced.
- Short: Wall Street Trading and Speculators Tax Act as introduced.
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Official Summary
11/2/2011--Introduced.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. DOfficial Summary
11/2/2011--Introduced.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.
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Organizations Supporting H.R.3313
- Demos
- Americans for Financial Reform
- American Association of Retired Persons
- AFL-CIO
- American Income Life Insurance
- Communications Workers of America
- ...and 23 more. See all.
Organizations Opposing H.R.3313
- Independent Community Bankers of America
Latest Letters to Congress
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H.R.3313 Wall Street Trading and Speculators Tax Act
qzh00k
November 12, 2012
I am writing as your constituent in the 3rd Congressional district of Oregon. I support H.R.3313 - Wall Street Trading and Speculators Tax Act, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
This is not enough, but a start.
Sincerely,
Richard Wood -
H.R.3313 Wall Street Trading and Speculators Tax Act
widdleolme
December 21, 2011
I am writing as your constituent in the 3rd Congressional district of Missouri. I support H.R.3313 - Wall Street Trading and Speculators Tax Act, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
Charles Baker -
H.R.3313 Wall Street Trading and Speculators Tax Act
CuDeTa
November 27, 2011
To Whom It May Concern,
I am writing as your constituent in the 8th district of Florida. I support H.R.3313 Wall Street Trading and Speculators Tax Act. I support this bill becasue it's the right thing to do. We do not have capitalism when losses generated by Wall St are being socialized and profits privatized. Derivatives that crash our economy have no productive value and the money raised from this tax can be used to build a solid foundation for a better and stronger economy.
Sincerely,
S...
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