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H.Con.Res.301 / 106th Congress

Expressing the sense of the Congress that the United States, in concert with the international community, should enact transaction taxes on short-term, cross-border foreign exchange transactions to deter speculation.

Referred to the Subcommittee on International Economic Policy and Trade.

Official summary

Version 00 · Introduced in House · Apr 11, 2000

Expresses the sense of the Congress that: (1) the United States should show leadership by enacting, in concert with the international community, transaction taxes on short-term, cross- border foreign exchange transactions to deter speculation and that the adoption of such Tobin- style taxes should be done in coordination with a large number of nations, in a fully transparent and accountable manner, with the revenue dedicated to urgent global needs; (2) the United States should build support for and advocate this position at the World Bank and the International Monetary Fund, as well as within other regional and international organizations; and (3) this should not be done in isolation of other initiatives for reform of global finance and the United States should continue to explore other options with the international community.

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Who introduced it

Rep. DeFazio, Peter A. [D-OR-4] · D–OR

Committees

  • Foreign Affairs Committee
  • Financial Services Committee
  • Ways and Means Committee
4 cosponsorship records, including any withdrawals

Actions

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  1. Referred to the Subcommittee on International Economic Policy and Trade.

  2. Referred to the Subcommittee on Domestic and International Monetary Policy.

  3. Referred to the Committee on Banking and Financial Services, and in addition to the Committees on Ways and Means, and International Relations, 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.

  4. Referred to the Committee on Banking and Financial Services, and in addition to the Committees on Ways and Means, and International Relations, 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.

  5. Referred to the Committee on Banking and Financial Services, and in addition to the Committees on Ways and Means, and International Relations, 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.

  6. Referred to the Committee on Banking and Financial Services, and in addition to the Committees on Ways and Means, and International Relations, 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.

  7. Introduced in House

  8. Introduced in House

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.

Explore the bill from different angles

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Neutral evidence review

Objective

Analyze H.Con.Res.301 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

Examine H.Con.Res.301 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Institutions and government scope

Conservative lens

Examine H.Con.Res.301 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Individual rights and government power

Liberty lens

Examine H.Con.Res.301 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

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