Fairness in Securities Transactions Act

Summary

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. Replaces the fee structure for off-exchange trades of last-sale-reported securities with a fee structure for off-exchange trades of exchange-registered and last-sale-reported securities. Provides that the fees so collected shall: (1) be deposited and credited as offsetting collections to the account providing appropriations to the Securities and Exchange Commission (SEC); and (2) not be deposited and credited as general revenue of the Treasury for specified fiscal years. Sets forth requirements for pay parity for SEC employees.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 March 2001

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• Introduced in House (PDF)

  Introduced in House · EN · 29 March 2001

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• Introduced in House

  summary · EN · 29 March 2001

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