[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4269 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 4269

    To amend the Securities Exchange Act of 1934 to reduce fees on 
                        securities transactions.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 17, 1998

Mr. Forbes (for himself and Mrs. Kelly) introduced the following bill; 
            which was referred to the Committee on Commerce

_______________________________________________________________________

                                 A BILL


 
    To amend the Securities Exchange Act of 1934 to reduce fees on 
                        securities transactions.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Fairness in Securities Transactions 
Act''.

SEC. 2. FEE REDUCTION.

    Section 31 of the Securities Exchange Act of 1934 (15 U.S.C. 78ee) 
is amended by striking ``\1/300\ of one percent'' each place it appears 
and inserting ``\1/600\ of one percent''.

SEC. 3. EFFECTIVE DATE.

    The amendments made by section 2 shall apply with respect to 
transactions occurring on or after ________.
                                 <all>