H.R.1068 - Let Wall Street Pay for Wall Street’s Bailout Act of 2009

To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to the extent required to recoup the net cost of the Troubled Asset Relief Program. view all titles (3)

All Bill Titles

  • Popular: Let Wall Street Pay for Wall Street’s Bailout Act of 2009 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to the extent required to recoup the net cost of the Troubled Asset Relief Program. as introduced.
  • Short: Let Wall Street Pay for Wall Street's Bailout Act of 2009 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
02/13/09
 
 
 
 
 
 
 

Official Summary

Let Wall Street Pay for Wall Street's Bailout Act of 2009 - Amends the Internal Revenue Code to require securities trading facilities to pay an excise tax on a specified percentage of the value of securities and commodities transactions sufficient to recoup the net cost of carrying out

Official Summary

Let Wall Street Pay for Wall Street's Bailout Act of 2009 - Amends the Internal Revenue Code to require securities trading facilities to pay an excise tax on a specified percentage of the value of securities and commodities transactions sufficient to recoup the net cost of carrying out the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008.

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Organizations Supporting H.R.1068

  • U.S. Public Interest Research Groups

Organizations Opposing H.R.1068

  • Securities Traders Association
  • Wedbush Morgan Securities
  • Credit Suisse




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