Futures Markets: A Futures Transaction Fee Is Administratively Feasible
(Letter Report, 10/28/93, GAO/GGD-94-40).

Proposals to impose a futures transactions fee, which would be levied on
contracts to buy commodities at a set price in the future, have been
around for years.  Generally, such fees were expected to generate enough
money to cover the cost of all Commodity Futures Trading Commission
(CFTC) oversight activities. GAO found that implementing a transaction
fee is administratively feasible; such a fee, however, may not provide
CFTC with enough money to oversee the futures markets unless it is
earmarked for CFTC's use.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  GGD-94-40
     TITLE:  Futures Markets: A Futures Transaction Fee Is 
             Administratively Feasible
      DATE:  10/28/93
   SUBJECT:  Fees
             Trade regulation
             Commodities exchanges
             Stock exchanges
             Securities
             Securities regulation
             Government collections
             Independent regulatory commissions
             Administrative costs

             
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