HR 1088 · 107th Congress · Finance and Financial Sector

Investor and Capital Markets Fee Relief Act

Introduced 2001-03-19· Sponsored by Rep. Fossella, Vito [R-NY-13]· House

Bill Progress

1
Introduced
Committee
House Vote
Senate
Enacted
Latest: Became Public Law No: 107-123.(2002-01-16)

Recorded Votes

PassedHouse · 2001-06-14
Roll #165
Yea 404Nay 22
Democrats
188 Yea·20 Nay
Republicans
214 Yea·2 Nay
PassedHouse · 2001-06-14
Roll #165
Yea 404Nay 22
Democrats
188 Yea·20 Nay
Republicans
214 Yea·2 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] Investor and Capital Markets Fee Relief Act - Amends the Securities Exchange Act of 1934 to reduce mandatory transaction fees pertaining to: (1) exchange-traded securities; (2) off-exchange trades of exchange-registered and last-sale-reported securities; (3) stock repurchase statements; and (4) proxy solicitations and statements in corporate control transactions. Replaces the fee structure for off-exchange trades of last-sale-reported securities with a fee structure for off-exchange trades of exchange-registered and last-sale-reported securities. Provides that the fees so collected shall: (1) be deposited and credited as offsetting collections to the account providing appropriations to the Securities and Exchange Commission (SEC); and (2) not be deposited and credited as general revenue of the Treasury. Amends the Securities Act of 1933 to: (1) reduce registration fees; and (2) reflect the provisions of this Act. Amends the Trust Indenture Act of 1939 to terminate the mandatory application filing fee. Sets forth requirements for pay parity for SEC employees.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 1088, Investor and Capital Markets Fee Relief Act

Apr 3, 2001

<p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on March 28, 2001</p>

Full CBO report ↗

H.R. 1088, Investor and Capital Markets Fee Relief Act

Apr 3, 2001

Cost estimate for the bill as ordered reported by the House Committee on Financial Services on March 28, 2001

Full CBO report ↗

H.R. 1088, Investor and Capital Markets Fee Relief Act

Jan 11, 2002

<p>Pay-as-you-go estimate for the bill as cleared by the Congress on December 20, 2001</p>

Full CBO report ↗

H.R. 1088, Investor and Capital Markets Fee Relief Act

Jan 11, 2002

Pay-as-you-go estimate for the bill as cleared by the Congress on December 20, 2001

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (20)

2 Democrats18 Republicans