A resolution expressing the sense of the Senate that Congress should reject any proposal for the creation of a system of global taxation and regulation.

Expresses the sense of the Senate that Congress should reject any proposal for the creation of: (1) innovative financing mechanisms or global taxes; (2) an international system of government bailouts for the financial sector; (3) a global cap-and-trade system or other climate regulations that would punish businesses in, and limit the competitiveness of, the United States; and (4) a global tax system that would violate U.S. sovereignty.