Fairness in Securities Transactions Act

Fairness in Securities Transactions Act - Amends the Securities Exchange Act of 1934 to reduce (from one three-hundredth of one percent to one five-hundredth of one percent) the transaction fees designed to recover the costs to the Government of securities markets oversight and enforcement.

Provides that if insufficient fees are collected for the budget authority of the Securities and Exchange Commission (SEC) as provided by an appropriations Act, such Act may provide for a fee increase, with all such increases deposited and credited as offsetting collections to the pertinent appropriations account.

Requires that such fees be deposited and collected as general revenue of the Treasury. Prohibits the fee amount in any fiscal year from exceeding a specified baseline amount.

Mandates that fees collected in excess of such baseline amount: (1) only be collected or spent to the extent provided in advance in appropriation Acts; and (2) be deposited and credited as offsetting collections to the account providing appropriations to the SEC.