H.R. 4191: Let Wall Street Pay for the Restoration of Main Street Act of 2009 (GovTrack.us)

H.R. 4191:

Let Wall Street Pay for the Restoration of Main Street Act of 2009

111^th 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 111^th Congress, in 2009-2010.

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.

2009-2010

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Primary Source

See H.R. 4191 on THOMAS for the official source of information on this bill or resolution.

To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to fund job creation and deficit reduction.

Overview

Sponsor:

Rep. Peter DeFazio [D-OR4]show cosponsors (31)

Text:

Summary | Full Text

Status:

	Introduced	Dec 3, 2009
	Referred to Committee	View Committee Assignments
	Reported by Committee	...
	House Vote	...
	Senate Vote	...
	Signed by President	...

This bill is in the first step in the legislative process. Introduced bills and resolutions first go to committees that deliberate, investigate, and revise them before they go to general debate. The majority of bills and resolutions never make it out of committee. [Last Updated: Jun 27, 2010 1:10PM]

Last Action:

Dec 3, 2009: Referred to House Budget

See the Related Legislation page for other bills related to this one and a list of subject terms that have been applied to this bill. Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned.

Question & Answer

Can you answer any of these questions posed by other users? Think of it as a civic good deed. See 7 more questions posed on this topic or submit your own question on the Q&A page.

Dec 14, 2009 9:30 PM - Has a fiscal analysis been performed comparing the relative merits of this proposal as opposed to simply increasing capital gains taxes on profits earned, the latter approach having a much less potentially severe impact on trading volume and market liquidity? - Answer it!

Feb 3, 2010 6:46 AM - Out of the approximate $150 billion in revenue from the proposed financial transactions tax, what is the expected tax take on derivatives at 0.02%? - Answer it!

and 7 more questions.

Subject Areas

Budget deficits and national debt, Employment and training programs, Financial services and investments, Sales and excise taxes, Securities, Taxation, Transportation programs funding

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{{cite web
|url=http://www.govtrack.us/congress/bill.xpd?bill=h111-4191
|title=H.R. 4191
|accessdate=September 5, 2010
|author=111th Congress (2009)
|date=Dec 3, 2009
|work=Legislation
|publisher=GovTrack.us
|quote=Let Wall Street Pay for the Restoration of Main Street Act of 2009
}}

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