1、1 For an overview of the issue, see CRS Report RS20204.Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS20953Updated September 7, 2001Reducing Securities Transaction Fees:Effects on Collections of H.R. 1088 and S. 143Mark JicklingS
2、pecialist in Public FinanceGovernment and Finance DivisionSummaryBoth the House and the Senate have passed separate bills that would reduce feescollected by the Securities and Exchange Commission (SEC) from sellers of corporatestock and companies active in securities and merger markets.1 H.R. 1088 a
3、nd S. 143have the common aim of reducing the amounts collected to a sum more nearly equal tothe SECs budget, and would replace the current fee structure. In some cases, existingfee rates would be lowered; in others, collections would become subject to annual capsor targets. The proposed fee schedule
4、s in the two bills are not identical. This report setsout the differences, and, relying upon forecasts of collections under current law preparedby the Congressional Budget Office (CBO), presents dollar estimates of the impact onfee collections through FY2011. Over fiscal years 2002 through 2011, H.R
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