H.R.4414: Responsible Banking Act of 2010

About This Bill

  • This bill was introduced in the 111th Congress
  • This bill is primarily about taxation
  • Introduced Jan. 12, 2010
  • Latest Major Action Jan. 13, 2010

Bill Summary

Responsible Banking Act of 2010 - Amends the Internal Revenue Code to impose a 75% tax for the next five years on any bonus for services performed for the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), any financial institution, insurance company, hedge fund, financial adviser, or broker or dealer in securities, and any lending or finance business.

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure.
Jan. 12, 2010

Introduced in the House by Dennis J. Kucinich (D-Ohio)

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