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H.R. 7125 · 110th Congress

Let Wall Street Pay for Wall Street's Illiquid Assets Act of 2008

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

PDD DeFazioSponsor
34 cosponsors · 34 D

Let Wall Street Pay for Wall Street's Illiquid Assets Act of 2008 - Amends the Internal Revenue Code to impose an excise tax on securities or commodity transactions equal to 0.25% of the value of the instruments involved in such transactions. Makes such tax payable by the trading facility on which such transactions occur.

What it does: CRS summary · Introduced in House · Sep 26, 2008

Let Wall Street Pay for Wall Street's Illiquid Assets Act of 2008 - Amends the Internal Revenue Code to impose an excise tax on securities or commodity transactions equal to 0.25% of the value of the instruments involved in such transactions. Makes such tax payable by the trading facility on which such transactions occur.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Let Wall Street Pay for Wall Street's Illiquid Assets Act of 2008

Latest action (Sep 26, 2008): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Sep 26, 2008

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.