H.Con.Res. 301 — Expressing the sense of the Congress that the United States, in concert with the international community, should enact transaction taxes on short-term, cross-border foreign exchange transactions to deter speculation. | PoliFocus

H.Con.Res. 301106th Congress

Expressing the sense of the Congress that the United States, in concert with the international community, should enact transaction taxes on short-term, cross-border foreign exchange transactions to deter speculation.

Subjects

Foreign Trade and International Finance

Summary

Expresses the sense of the Congress that: (1) the United States should show leadership by enacting, in concert with the international community, transaction taxes on short-term, cross- border foreign exchange transactions to deter speculation and that the adoption of such Tobin- style taxes should be done in coordination with a large number of nations, in a fully transparent and accountable manner, with the revenue dedicated to urgent global needs; (2) the United States should build support for and advocate this position at the World Bank and the International Monetary Fund, as well as within other regional and international organizations; and (3) this should not be done in isolation of other initiatives for reform of global finance and the United States should continue to explore other options with the international community.

Full Text

Legislative Actions

2000-04-11
Introduced in House
2000-04-11
Introduced in House
2000-04-11
Referred to the Committee on Banking and Financial Services, and in addition to the Committees on Ways and Means, and International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2000-04-11
Referred to the Committee on Banking and Financial Services, and in addition to the Committees on Ways and Means, and International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2000-04-11
Referred to the Committee on Banking and Financial Services, and in addition to the Committees on Ways and Means, and International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2000-04-11
Referred to the Committee on Banking and Financial Services, and in addition to the Committees on Ways and Means, and International Relations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2000-04-11
Referred to the Subcommittee on Domestic and International Monetary Policy.
2000-05-03
Referred to the Subcommittee on International Economic Policy and Trade.

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