Fairness in Securities Transactions Act

[AI summary unavailable — showing source text] 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 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 ten percent of all such fees be deposited and credited as offsetting collections to the pertinent appropriations account.…