Finishing Irresponsible Reckless Speculative Trading act

Finishing Irresponsible Reckless Speculative Trading Act

This Bill has:
0% Democratic Support in the Senate
10% Democratic Support in the House

 


















   This bill was introduced by Peter DeFazio in the house and has not been introduced at all in the senate.
   This bill amends the Internal Revenue Code to impose a .03% excise tax on the purchase of a security if: (1) such purchase occurs on, or is subject to the rules of, a qualified board or exchange located in the United States; or (2) the purchaser or seller is a U.S. person. A "security" includes: (1) any share of stock in a corporation, (2) any partnership or beneficial ownership interest in a partnership or trust; (3) any note, bond, debenture, or other evidence of indebtedness; and (4) derivatives that meet specified criteria. The tax applies to transactions with respect to a derivative if: (1) the derivative is traded on, or is subject to the rules of, a qualified board or exchange located in the United States; or (2) any party with rights under the derivative is a U.S. person.
Senate Bill: S. ---
Democratic Support: 
Introduced by: 
Latest Action:




Cosponsors: