H.R. 5783 (111th): Investing in Our Future Act of 2010

Jul 20, 2010 (111th Congress, 2009–2010)
Died (Referred to Committee)
Fortney “Pete” Stark
Representative for California's 13th congressional district
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Last Updated
Jul 20, 2010
20 pages
Related Bills
H.R. 755 (112th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Feb 17, 2011


This bill was introduced on July 20, 2010, in a previous session of Congress, but was not enacted.

Introduced Jul 20, 2010
Referred to Committee Jul 20, 2010
Full Title

To amend the Internal Revenue Code of 1986 to impose an excise tax on currency transactions.


No summaries available.

7 cosponsors (7D) (show)

House Foreign Affairs

House Ways and Means

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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

Investing in Our Future Act of 2010 - Amends the Internal Revenue Code to impose an excise tax on currency transactions exceeding $10,000 equal to 0.005% of the value of the currency acquired in the transaction (currency transaction tax).
Establishes in the Treasury:
(1) the Child Care Assistance Trust Fund, which shall be funded with 20% of the revenues from the currency transactions tax and which shall be used to provide increased allocations to states for child care assistance;
(2) the Multilateral Global Health Trust Fund, which shall be funded with 40% of the revenues from such tax and from which the Secretary of State shall make grants to assist developing countries in addressing HIV/AIDS, tuberculosis, malaria, maternal mortality, family planning, neglected diseases, and other health issues; and
(3) the Global Climate Change Adaptation and Mitigation Trust Fund, which shall be funded with 40% of the revenues from such tax and which shall be used for contributions to a United Nations Framework Convention on Climate Change global climate fund for climate change adaptation and mitigation.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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