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H.R. 7125:
Let Wall Street Pay for Wall Street's Illiquid Assets Act of 2008
110th Congress

This is a bill in the U.S. Congress originating in the House of Representatives ("H.R."). A bill must be passed by both the House and Senate and then be signed by the President before it becomes law.

Bill numbers restart from 1 every two years. Each two-year cycle is called a session of Congress. This bill was created in the 110th Congress, in 2007-2008.

The titles of bills are written by the bill's sponsor and are a part of the legislation itself. GovTrack does not editorialize bill summaries.

2007-2008

To amend the Internal Revenue Code of 1986 to impose a tax on securities transactions.

Overview

Sponsor:
Text:
Summary | Full Text
Status:
Occurred: IntroducedSep 26, 2008
Occurred: Referred to CommitteeView Committee Assignments
Not Yet Occurred: Reported by Committee(did not occur)
Not Yet Occurred: House Vote(did not occur)
Not Yet Occurred: Senate Vote(did not occur)
Not Yet Occurred: Signed by President(did not occur)
This bill never became law. This bill was proposed in a previous session of Congress. Sessions of Congress last two years, and at the end of each session all proposed bills and resolutions that haven't passed are cleared from the books. Members often reintroduce bills that did not come up for debate under a new number in the next session.
Last Action:
Sep 26, 2008: Referred to the House Committee on Ways and Means.
Question & Answer
Can you answer any of these questions posed by other users? Think of it as a civic good deed. You can submit a short question too.

Jan 21, 2009 9:37 PM - How would you answer those that say volume would evaporate being too expensive to provide liquidity, resulting an inefficient market more prone to manipulation and bad prices for the many shareholders in this country? - Answer it!
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