- Not enactedThe President has not signed this bill
- The house has not voted
- The senate has not voted
Committee on FinanceIntroducedMay 19th, 2015
- senate Committees
Some traders on Wall Street have gotten rich through high-frequency trades and risky, speculative investment decisions that endangered the economy. This tax would restore stability to financial markets.
Speculation is an inherent part of financial markets, trying to reduce it through taxes just makes those markets work less efficiently -- which can create market distortions that this bill wants to avoid.