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United States · Bill · HR

H.R. 5783 (111th)

Investing in Our Future Act of 2010

referredUnited States· United States Congress· EN

Introduced

20 July 2010

Last action

20 July 2010 · Introduced

Status

Referred to House Foreign Affairs

Sponsors

Rep. Stark, Fortney Pete [D-CA-13], Rep. Lee, Barbara [D-CA-12], Rep. Jackson, Jesse L., Jr. [D-IL-2], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Kucinich, Dennis J. [D-OH-10], Rep. Moore, Dennis [D-KS-3], Rep. Filner, Bob [D-CA-51], Rep. Schakowsky, Janice D. [D-IL-9]

Subjects

Taxation, Climate

Source updated

14 August 2025

Taxation · Climate

Summary

Investing in Our Future Act of 2010 - Amends the Internal Revenue Code to impose an excise tax on currency transactions exceeding $10,000 equal to 0.005% of the value of the currency acquired in the transaction (currency transaction tax). Establishes in the Treasury: (1) the Child Care Assistance Trust Fund, which shall be funded with 20% of the revenues from the currency transactions tax and which shall be used to provide increased allocations to states for child care assistance; (2) the Multilateral Global Health Trust Fund, which shall be funded with 40% of the revenues from such tax and from which the Secretary of State shall make grants to assist developing countries in addressing HIV/AIDS, tuberculosis, malaria, maternal mortality, family planning, neglected diseases, and other health issues; and (3) the Global Climate Change Adaptation and Mitigation Trust Fund, which shall be funded with 40% of the revenues from such tax and which shall be used for contributions to a United Nations Framework Convention on Climate Change global climate fund for climate change adaptation and mitigation.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 20 July 2010

    Introduced

    Referred to House Ways and Means

    Source: IntroReferral

  2. 20 July 2010

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, 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.

    Source: IntroReferral

  3. 20 July 2010

    Introduced

    Sponsor introductory remarks on measure. (CR E1371)

    Source: IntroReferral

  4. 20 July 2010

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 20 July 2010

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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Leesvertaling

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  • Introduced in House (text)

    Introduced in House · EN · 20 July 2010

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  • Introduced in House (PDF)

    Introduced in House · EN · 20 July 2010

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 20 July 2010

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Sponsors

Related records

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Sources

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