HR 8695
Protecting Retirement Savers and Everyday Investors Act
Take action
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Protecting Retirement Savers and Everyday Investors Act aims to prevent states and local governments from imposing taxes or fees on securities industry participants based on the volume or value of their transactions. This legislation seeks to lower costs for investors, particularly those in retirement accounts, by limiting states’ ability to tax activities related to securities processing. It clarifies that states can still tax individuals buying or selling securities for their own accounts, but not those engaged in broader securities industry activities. The bill is part of the broader Dodd-Frank reform effort.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Patrick T. McHenry
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.