Summary: H.Con.Res.301 — 106th Congress (1999-2000)All Information (Except Text)

There is one summary for H.Con.Res.301. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/11/2000)

Expresses the sense of the Congress that: (1) the United States should show leadership by enacting, in concert with the international community, transaction taxes on short-term, cross- border foreign exchange transactions to deter speculation and that the adoption of such Tobin- style taxes should be done in coordination with a large number of nations, in a fully transparent and accountable manner, with the revenue dedicated to urgent global needs; (2) the United States should build support for and advocate this position at the World Bank and the International Monetary Fund, as well as within other regional and international organizations; and (3) this should not be done in isolation of other initiatives for reform of global finance and the United States should continue to explore other options with the international community.