PlainBillCongress, translated.Legislation. Context. Public interest.Congressional Research Service
Version 00 · Introduced in House · Mar 24, 1999
Savings and Investment Relief Act of 1999 - Amends the Securities Exchange Act of 1934 to prohibit the Securities and Exchange Commission (SEC) from collecting transaction fees for FY 2000 through 2006 which in the aggregate exceed specified amounts for the following types of securities: (1) exchange-traded securities; (2) off-exchange trades of exchange registered securities; and (3) off-exchange trades of last-sale reported securities. Directs the SEC to publish annually in the Federal Register notice of such fee limitations and any suspension of fees. Sets a ceiling for the maximum amount of such transaction fees which may be deposited and collected as general revenue of the Treasury. Mandates that the balance of such fees which are not deposited as general revenue shall be deposited and credited as offsetting collections to the SEC appropriations account. Authorizes future appropriations Acts to increase such fee limitations in any year in which the total fees collected are insufficient for SEC budget authority provided under such Acts.
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.
Subcommittee Hearings Held.
Sponsor introductory remarks on measure. (CR E729-730)
Referred to the Subcommittee on Finance and Hazardous Materials.
Referred to the House Committee on Commerce.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 20, 2025. Consult Congress.gov for the current record.
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