PlainBillCongress, translated.Legislation. Context. Public interest.Congressional Research Service
Version 00 · Introduced in House · Mar 19, 2001
Investor and Capital Markets Fee Relief Act - Amends the Securities Exchange Act of 1934 to reduce mandatory transaction fees pertaining to: (1) exchange-traded securities; (2) off-exchange trades of exchange-registered and last-sale-reported securities; (3) stock repurchase statements; and (4) proxy solicitations and statements in corporate control transactions.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.Amends the Securities Act of 1933 to: (1) reduce registration fees; and (2) reflect the provisions of this Act.Amends the Trust Indenture Act of 1939 to terminate the mandatory application filing fee.Sets forth requirements for pay parity for SEC employees.
People & committees
Rep. Fossella, Vito [R-NY-13] · R–NY
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Became Public Law No: 107-123.
Became Public Law No: 107-123.
Signed by President.
Signed by President.
Presented to President.
Presented to President.
Message on Senate action sent to the House.
Passed Senate without amendment by Unanimous Consent. (consideration: CR S13830)
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S13830)
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 74.
On passage Passed by recorded vote: 404 - 22 (Roll no. 165). (text as passed House: CR H33159-3164)
House roll call 165 · Individual votesMotion to reconsider laid on the table Agreed to without objection.
Passed/agreed to in House: On passage Passed by recorded vote: 404 - 22 (Roll no. 165).(text as passed House: CR H33159-3164)
House roll call 165 · Individual votesThe previous question was ordered pursuant to the rule.
DEBATE - Pursuant to the provisions of H. Res. 161, the House proceeded with one hour of debate on the LaFalce amendment in the nature of a substitute.
DEBATE - The House proceeded with one hour of debate on H.R. 1088.
Rule provides for consideration of H.R. 1088 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. In lieu of the amendment recommended by the Committee on Financial Services now printed in the bill, the amendment in the nature of a substitute printed in the Congressional Record and numbered 1 shall be considered as adopted. Measure will be considered read. A specified amendment is in order.
Considered under the provisions of rule H. Res. 161. (consideration: CR H3159-3182)
Rule H. Res. 161 passed House.
Rules Committee Resolution H. Res. 161 Reported to House. Rule provides for consideration of H.R. 1088 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. In lieu of the amendment recommended by the Committee on Financial Services now printed in the bill, the amendment in the nature of a substitute printed in the Congressional Record and numbered 1 shall be considered as adopted. Measure will be considered read. A specified amendment is in order.
Placed on the Union Calendar, Calendar No. 42.
Committee on Government Reform discharged.
Committee on Government Reform discharged.
House Committee on Government Reform Granted an extension for further consideration ending not later than May 25, 2001.
House Committee on Government Reform Granted an extension for further consideration ending not later than May 18, 2001.
House Committee on Government Reform Granted an extension for further consideration ending not later than May 10, 2001.
House Committee on Government Reform Granted an extension for further consideration ending not later than May 9, 2001.
House Committee on Government Reform Granted an extension for further consideration ending not later than May 8, 2001.
Referred sequentially to the House Committee on Government Reform for a period ending not later than May 2, 2001 for consideration of such provisions of the bill and amendment as fall within the jurisdiction of that committee pursuant to clause 1(h), rule X.
Reported (Amended) by the Committee on Financial Services. H. Rept. 107-52, Part I.
Reported (Amended) by the Committee on Financial Services. H. Rept. 107-52, Part I.
Mr. Oxley asked unanimous consent that the Committee on Financial Services have until midnight on April 17 to file a report on H.R. 1088. Agreed to without objection.
Ordered to be Reported (Amended) by Voice Vote.
Committee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee by Voice Vote.
Subcommittee Consideration and Mark-up Session Held.
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Primary sources
Text links open the official source. We currently store references to these documents.
Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
AI Conversation Starters
Choose a perspective, copy a prompt, and paste it into your preferred AI. Each prompt includes the bill version and available official source links, and asks for counterarguments as well as supporting evidence.
Analyze H.R.1088 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.
Examine H.R.1088 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.
Examine H.R.1088 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.
Examine H.R.1088 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.