H.R.4414 - Responsible Banking Act of 2010

To amend the Internal Revenue Code of 1986 to impose a 75 percent tax on bonuses paid by certain financial and other businesses. view all titles (3)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to impose a 75 percent tax on bonuses paid by certain financial and other businesses. as introduced.
  • Popular: Responsible Banking Act of 2010 as introduced.
  • Short: Responsible Banking Act of 2010 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
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01/12/10
 
 
 
 
 
 
 

Official Summary

Responsible Banking Act of 2010 - Amends the Internal Revenue Code to impose a 75% tax for the next five years on any bonus for services performed for the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), any financial institution,

Official Summary

Responsible Banking Act of 2010 - Amends the Internal Revenue Code to impose a 75% tax for the next five years on any bonus for services performed for the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), any financial institution, insurance company, hedge fund, financial adviser, or broker or dealer in securities, and any lending or finance business.

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