Let Wall Street Pay for Wall Street's Illiquid Assets Act of 2008

referredUnited States· United States Congress· EN

Introduced

26 September 2008

Last action

26 September 2008 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. DeFazio, Peter A. [D-OR-4], Rep. Stark, Fortney Pete [D-CA-13], Rep. Miller, George [D-CA-11], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Lewis, John [D-GA-5], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Holt, Rush [D-NJ-12], Rep. Scott, Robert C. "Bobby" [D-VA-3], Rep. Abercrombie, Neil [D-HI-1], Rep. Capuano, Michael E. [D-MA-8], Rep. McDermott, Jim [D-WA-7], Rep. Sires, Albio [D-NJ-13], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Lee, Barbara [D-CA-12], Rep. Edwards, Donna F. [D-MD-4], Rep. Wu, David [D-OR-1], Rep. Kucinich, Dennis J. [D-OH-10], Sen. Hirono, Mazie K. [D-HI], Rep. Melancon, Charlie [D-LA-3], Rep. Chandler, Ben [D-KY-6], Sen. Welch, Peter [D-VT], Rep. Kaptur, Marcy [D-OH-9], Rep. Filner, Bob [D-CA-51], Rep. Watson, Diane E. [D-CA-33], Rep. Johnson, Henry C. "Hank" [D-GA-4], Rep. Roybal-Allard, Lucille [D-CA-40], Rep. Costello, Jerry F. [D-IL-12], Rep. Waters, Maxine [D-CA-43], Rep. Blumenauer, Earl [D-OR-3], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Sutton, Betty [D-OH-13], Rep. McGovern, James P. [D-MA-2], Rep. DeLauro, Rosa L. [D-CT-3], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Honda, Michael M. [D-CA-15]

Subjects

Taxation

Source updated

14 August 2025

Taxation

Official source Download file View documents Share

Summary

Let Wall Street Pay for Wall Street's Illiquid Assets Act of 2008 - Amends the Internal Revenue Code to impose an excise tax on securities or commodity transactions equal to 0.25% of the value of the instruments involved in such transactions. Makes such tax payable by the trading facility on which such transactions occur.

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

Timeline

26 September 2008
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
26 September 2008
Introduced
Introduced in House
Source: IntroReferral
26 September 2008
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 26 September 2008 · Download file

Documents

3 official files

Introduced in House (text)

View file Download file

This file cannot be previewed here. Use View or Download.

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Vertaal naar

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Introduced in House (text)
Introduced in House · EN · 26 September 2008
View Download Open at official source
Introduced in House (PDF)
Introduced in House · EN · 26 September 2008
View Download Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in House
summary · EN · 26 September 2008
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/110th-congress/house-bill/7125
Open data entity: https://api.congress.gov/v3/bill/110/hr/7125
us · 110-hr-7125 · source updated 14 August 2025