PlainBillCongress, translated.Legislation. Context. Public interest.Placed on the Union Calendar, Calendar No. 596.
Congressional Research Service
Version 17 · Reported to House with amendment(s) · Dec 15, 2000
Fairness in Securities Transactions Act - Amends the Securities Exchange Act of 1934 to reduce (from one three-hundredth of one percent to one five-hundredth of one percent) the transaction fees designed to recover the costs to the Government of securities markets oversight and enforcement.Provides that if insufficient fees are collected for the budget authority of the Securities and Exchange Commission (SEC) as provided by an appropriations Act, such Act may provide for a fee increase, with all such increases deposited and credited as offsetting collections to the pertinent appropriations account.Requires that such fees be deposited and collected as general revenue of the Treasury. Prohibits the fee amount in any fiscal year from exceeding a specified baseline amount.Mandates that fees collected in excess of such baseline amount: (1) only be collected or spent to the extent provided in advance in appropriation Acts; and (2) be deposited and credited as offsetting collections to the account providing appropriations to the SEC.
People & committees
Rep. Lazio, Rick [R-NY-2] · R–NY
Legislative record
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Placed on the Union Calendar, Calendar No. 596.
Reported (Amended) by the Committee on Commerce. H. Rept. 106-1034.
Reported (Amended) by the Committee on Commerce. H. Rept. 106-1034.
Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 16.
Committee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.
Committee Consideration and Mark-up Session Held.
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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Analyze H.R.2441 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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