H.R. 7125 · 110th Congress
Let Wall Street Pay for Wall Street's Illiquid Assets Act of 2008
- Stage
- In committee
- Sponsor
- Peter DeFazio
- Introduced
- 2008-09-26
- Latest action
- 2008-09-26 · Introduced in House
Summary
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.