Comprehensive Transform America Transaction Fee Act of 2005

Referred to the House Committee on Ways and Means.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Apr 13, 2005

Comprehensive Transform America Transaction Fee Act of 2005 - Directs the Secretary of the Treasury to conduct an in-depth study on the implementation of a transaction fee in the United States to replace all existing Federal taxes. Sets forth guidelines for such study, including: (1) an identification of the transactions to which such fee would apply; (2) exclusions from such fee; (3) the rate of such fee; (4) potential uses for revenue from such fee; (5) progressivity standards; and (6) general matters, including point of liability for such fee and responsibility for collection.

Requires the Secretary to report to Congress on the results of such study within one year after the enactment of this Act with a comprehensive analysis of various aspects of the transaction fee, including revenue generation, impact on the national economy, and implementation.

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People & committees

Who introduced it

Rep. Fattah, Chaka [D-PA-2] · D–PA

Committees

Ways and Means Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

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Apr 13, 2005
Referred to the House Committee on Ways and Means.
Apr 13, 2005
Introduced in House
Apr 13, 2005
Introduced in House

Primary sources

Bill text & related measures

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

Introduced in House · Apr 13, 2005 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

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Source last updated: Aug 15, 2025. Consult Congress.gov for the current record.

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Analyze H.R.1601 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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Discuss H.R.1601, 109th Congress: Comprehensive Transform America Transaction Fee Act of 2005

Official record: https://www.congress.gov/bill/109th-congress/house-bill/1601

Text version to examine: Introduced in House · 2005-04-13.

Official full text: https://www.congress.gov/109/bills/hr1601/BILLS-109hr1601ih.htm

Imported record last updated by the source: 2025-08-15T17:59:29Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.1601 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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Examine H.R.1601 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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Discuss H.R.1601, 109th Congress: Comprehensive Transform America Transaction Fee Act of 2005

Official record: https://www.congress.gov/bill/109th-congress/house-bill/1601

Text version to examine: Introduced in House · 2005-04-13.

Official full text: https://www.congress.gov/109/bills/hr1601/BILLS-109hr1601ih.htm

Imported record last updated by the source: 2025-08-15T17:59:29Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1601 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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Examine H.R.1601 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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Discuss H.R.1601, 109th Congress: Comprehensive Transform America Transaction Fee Act of 2005

Official record: https://www.congress.gov/bill/109th-congress/house-bill/1601

Text version to examine: Introduced in House · 2005-04-13.

Official full text: https://www.congress.gov/109/bills/hr1601/BILLS-109hr1601ih.htm

Imported record last updated by the source: 2025-08-15T17:59:29Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1601 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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Examine H.R.1601 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.

View full prompt & sources

Discuss H.R.1601, 109th Congress: Comprehensive Transform America Transaction Fee Act of 2005

Official record: https://www.congress.gov/bill/109th-congress/house-bill/1601

Text version to examine: Introduced in House · 2005-04-13.

Official full text: https://www.congress.gov/109/bills/hr1601/BILLS-109hr1601ih.htm

Imported record last updated by the source: 2025-08-15T17:59:29Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1601 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.