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Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
27pct
1d open
vs 6,526 other HR bills in the 114th — cohort avg 56d
Putting Main Street FIRST Act or the Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act This bill amends the Internal Revenue Code to impose a .03% excise tax on the purchase of a security if: (1) such purchase occurs on, or is subject to the rules of, a qualified board or exchange located in the United States; or (2) the purchaser or seller is a U.S. person. A "security" includes: (1) any share of stock in a corporation, (2) any partnership or beneficial ownership interest in a partnership or trust; (3) any note, bond, debenture, or other evidence of indebtedness; and (4) derivatives that meet specified criteria. The tax applies to transactions with respect to a derivative if: (1) the derivative is traded on, or is subject to the rules of, a qualified board or exchange located in the United States; or (2) any party with rights under the derivative is a U.S. person. The bill exempts from such tax: (1) initial issues of securities; (2) any note, bond, debenture, or other evidence of indebtedness which is traded on or is subject to the rules of, a qualified board or exchange located in the United States, and has a fixed maturity of not more than 100 days. The tax applies to transactions by a controlled foreign corporation and must be paid by its U.S. shareholders. The bill allows an offset against such tax for contributions to certain tax-favored savings accounts.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (7)
2016 · fourth_quarter · Taxation/Internal Revenue Code
Sponsor introductory remarks on measure. (CR E1124)
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Corporate Tax Reform Issues S 922, HR 1790, HR 3935- Corporate Tax Dodging Prevention Act HR 415, S 198- Stop Corporate Tax Inversions Act HR 5745- Financial Transaction Tax HR 2889, S 1686- Carried Interest Fairness Act HR 1464, S 1127- Stop Subsidizing Multimillion Corporate Bonus Act Federal income tax exclusion for interest on state and local government public purpose bonds Corporate tax, including rates, loopholes, territorial Repatriation tax rate and requirements S 174, HR 297- Tax on international firms (e.g. Stop Tax Haven Abuse Act, and Schumer-Portman International Tax Plan) HR 1105- Estate tax Earned Income Tax Credit Child Tax Credit Federal tax reform impact on state and local government revenue S 698, HR 2775, Goodlatte draft- State and local tax on internet/remote sales HR 1643, S 851- Digital Goods and Services Tax Fairness Act HR 2584- Business Activity Tax Simplification Act HR 4287- Wireless Tax Fairness Act Earned Income Tax Credit and Child Tax Credit Parity for Puerto Rico
Client expense: $550,000 · Firm income: Not reported
Government targets: Equal Employment Opportunity Commission (EEOC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Social Security Administration (SSA), Substance Abuse & Mental Health Services Administration (SAMHSA), Treasury, Dept of, White House Office
2016 · fourth_quarter · Financial Institutions/Investments/Securities
S. 1484, Financial Regulatory Improvement Act. Closing the IRS 162(m) loophole. H.R. 381, Return to Prudent Banking Act of 2015. H.R. 3054/ S. 1709, 21st Century Glass-Steagall Act of 2015. H.R. 1464/ S. 1371, Inclusive Prosperity Act of 2015. H.R. 2889/ S. 1686, Carried Interest Fairness Act. H.R. 2103/ S. 1127, Stop Subsidizing Million Dollar Bonuses Act. H.R. 5745, Putting Main Street FIRST Act. Offshore Subsidiary Disclosure Rules (SEC). SEC Corporate Political Disclosure Rulemaking.
Client expense: $310,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Motor Carrier Safety Administration, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), Pension Benefit Guaranty Corporation (PBGC), President of the U.S., SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), U.S. Trade Representative (USTR), White House Office
2016 · fourth_quarter · Taxation/Internal Revenue Code
Corporate Tax Reform Issues S 922, HR 1790, HR 3935- Corporate Tax Dodging Prevention Act HR 415, S 198- Stop Corporate Tax Inversions Act HR 5745- Financial Transaction Tax HR 2889, S 1686- Carried Interest Fairness Act HR 1464, S 1127- Stop Subsidizing Multimillion Corporate Bonus Act Federal income tax exclusion for interest on state and local government public purpose bonds Corporate tax, including rates, loopholes, territorial Repatriation tax rate and requirements S 174, HR 297- Tax on international firms (e.g. Stop Tax Haven Abuse Act, and Schumer-Portman International Tax Plan) HR 1105- Estate tax Earned Income Tax Credit Child Tax Credit Federal tax reform impact on state and local government revenue S 698, HR 2775, Goodlatte draft- State and local tax on internet/remote sales HR 1643, S 851- Digital Goods and Services Tax Fairness Act HR 2584- Business Activity Tax Simplification Act HR 4287- Wireless Tax Fairness Act Earned Income Tax Credit and Child Tax Credit Parity for Puerto Rico
Client expense: $540,000 · Firm income: Not reported
Government targets: Equal Employment Opportunity Commission (EEOC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Social Security Administration (SSA), Substance Abuse & Mental Health Services Administration (SAMHSA), Treasury, Dept of, White House Office
2016 · fourth_quarter · Taxation/Internal Revenue Code
Tax issues involving real estate taxation, partnerships, and S corporations; S 3181/HR 5745 (S Corporation Modernization Act of 2016)
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2016 · fourth_quarter · Financial Institutions/Investments/Securities
HR 1261, Bureau of Consumer Financial Protection Accountability Act of 2015 Commodity End User Relief Act HR 3340 HR 2289, The Commodity End User Relief Act S. 2790, the Financial Institution Customer Protection Act of 2016 S. 2663, the so-called Reforming CFPB Indirect Auto Financing Guidance Act. Investment Advisors Modernization Act of 2016 the SEC Regulatory Accountability Act. HR 5112, Unfair or Deceptive Acts or Practices Uniformity Act HR 4139, the Fostering Innovation Act H.R. 4850, the Micro Offering Improvement Act H.R. 4852, the Private Placement Improvement Act H.R. 4854, the Supporting Americas Innovators Act H.R. 4855, the Fix Crowdfunding Act H.R. 5311, the Corporate Governance Reform and Transparency Act H.R. 5421, the National Securities Exchange Regulatory Parity Act H.R. 5424, the Investment Advisers Modernization Act H.R. 5429, the SEC Regulatory Accountability Act HJ Res 88 HR 5485, The Financial Services and General Government Appropriations Act of 2017 The Financial CHOICE Act H.R. 5211 - CFPB Dual Mandate and Economic Analysis Act HR 2889 Carried Interest Fairness Act HR 2103 -Stop Subsidizing Multimillion Dollar Corporate Bonuses Act HR 4018 - Consumer Protection and Choice Act HR 4737 - State and Tribal Government Sovereignty Protection Act of 2016 S. 1686 Carried Interest Fairness Act Non-profit depository institutions HR 5745 Putting Main Street FIRST Act CEO Bonus Loophole Bank worker issues Postal Banking The Poverty, Opportunity, and Upward Mobility plan Financial Policy Riders Payday Lending Reform CFPB Arbitration Rule/Forced Arbitration Private Equity tax loophole CFPB Defense DoL Fiduciary Rule Title II of the Dodd-Frank Act OCC Chartering of Fintechs H.R. 6392 H.R. 5491 and H.R. 5413 (the CFPB Data Accountability Act) H.R. 5424 H.R. 5063 CFPB status as independent agency Removal protections for CFPB director H.R. 4172 - Credit Access and Inclusion Act PACE Loans Wells Fargo arbitration HR 5982 - Midnight Rules Relief Act
Client expense: $335,275 · Firm income: Not reported
Government targets: Bureau of the Census, Consumer Financial Protection Bureau (CFPB), Education, Dept of, Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2016 · third_quarter · Financial Institutions/Investments/Securities
S. 1484, Financial Regulatory Improvement Act. Closing the IRS 162(m) loophole. H.R. 381, Return to Prudent Banking Act of 2015. H.R. 3054/ S. 1709, 21st Century Glass-Steagall Act of 2015. H.R. 1464/ S. 1371, Inclusive Prosperity Act of 2015. H.R. 2889/ S. 1686, Carried Interest Fairness Act. H.R. 2103/ S. 1127, Stop Subsidizing Million Dollar Bonuses Act. H.R. 5745, Putting Main Street FIRST Act. Offshore Subsidiary Disclosure Rules (SEC). SEC Corporate Political Disclosure Rulemaking.
Client expense: $320,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Defense, Dept of (DOD), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Motor Carrier Safety Administration, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Pension Benefit Guaranty Corporation (PBGC), President of the U.S., SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Transportation Security Administration (TSA), Transportation, Dept of (DOT), U.S. Trade Representative (USTR), White House Office
H.R. 5421: Investment Advisers Modernization Act of 2016 H.R. 5485/S. 3067: Financial Services and General Government Appropriations Act, 2017 H.R. 5745: Putting Main Street FIRST: speculation tax H.R. 5983: Financial CHOICE Act of 2016
Client expense: $720,000 · Firm income: Not reported
Government targets: Defense, Dept of (DOD), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Export-Import Bank of the United States (EXIM Bank), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Labor, Dept of (DOL), SENATE, Social Security Administration (SSA), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2016 · third_quarter · Taxation/Internal Revenue Code
H.R. 235, Permanent Internet Tax Freedom Act H.R. 625, Infrastructure 2.0 Act H.R. 1105/S. 860, Death Tax Repeal Act of 2015 H.R. 2775, Remote Transactions Parity Act of 2015 H.R. 5053, Preventing IRS Abuse and Protecting Free Speech Act H.R. 5745, Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act S. 431, Internet Tax Freedom Forever Act S. 698, Marketplace Fairness Act of 2015 S. 2809, A bill to amend the Internal Revenue Code of 1986 to preserve taxpayers' rights to administrative appeal of deficiency determinations, and for other purposes Online Sales Simplification Act of 2015 (discussion draft) Proposed rules on the treatment of certain interests in corporations as stock or indebtedness (81 Fed. Reg. 20,912, April 8, 2016) Proposed rules on deemed distributions under section 305(c) of stock and rights to acquire stock (81 Fed. Reg. 21,795, April 13, 2016) Proposed rules on estate, gift, and generation-skipping transfer taxes; restrictions on liquidation of an interest ( 81 Fed. Reg. 51,413, August 4, 2016) Various issues relating to tax extenders, including bonus depreciation, deferral tax provisions, S-Corp tax provisions, and flow-throughs; corporate tax inversions; repatriation of multinational business earnings; bilateral income tax treaties and protocols, including those with Chile, Hungary, Switzerland, Luxembourg, Spain, Japan and Poland and a protocol amending the Convention on Mutual Administrative Assistance in Tax Matters; tax reform; pension reform; international competitiveness of corporate tax rates; patent box or innovation box proposals; corporate integration proposals; House Republican tax reform blueprint
Client expense: $18,410,000 · Firm income: Not reported
2016 · third_quarter · Taxation/Internal Revenue Code
HR 5745-financial transaction tax (main street first),
Client expense: $60,000 · Firm income: Not reported
Government targets: Director of National Intelligence (ODNI), Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, Justice, Dept of (DOJ), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of Special Counsel, Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office
| Democratic |
| CA |
| James P. McGovern | Democratic | MA |
| Janice D. Schakowsky | Democratic | IL |
| Jim McDermott | Democratic | WA |
| John Conyers, Jr. | Democratic | MI |
| Louise McIntosh Slaughter | Democratic | NY |
| Matt Cartwright | Democratic | PA |
| Raúl M. Grijalva | Democratic | AZ |
| Zoe Lofgren | Democratic | CA |
Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Bureau of Industry and Security (BIS), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Council on Environmental Quality (CEQ), Defense, Dept of (DOD), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Bureau of Investigation (FBI), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Natl Institute of Standards & Technology (NIST), Natl Labor Relations Board (NLRB), Natl Security Council (NSC), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Patent & Trademark Office (PTO), Pension Benefit Guaranty Corporation (PBGC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Transportation Security Administration (TSA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Customs & Border Protection, U.S. Fish & Wildlife Service (USFWS), U.S. Geological Survey (USGS), U.S. Trade Representative (USTR), White House Office