I 
115TH CONGRESS 
1ST SESSION H. R. 1144 
To impose a tax on certain trading transactions to invest in our families 
and communities, improve our infrastructure and our environment, 
strengthen our financial security, expand opportunity and reduce market 
volatility. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 16, 2017 
Mr. ELLISON (for himself, Mr. GRIJALVA, Mr. POCAN, Mr. BLUMENAUER, Ms. 
CLARK of Massachusetts, Mr. CONYERS, Ms. EDDIE BERNICE JOHNSON 
of Texas, Ms. LEE, Mr. TED LIEU of California, Mr. LOWENTHAL, Mr. 
MCGOVERN, Mr. NOLAN, Ms. NORTON, Ms. ROYBAL-ALLARD, Mr. SAR-
BANES, Ms. SCHAKOWSKY, Ms. SLAUGHTER, and Mr. TAKANO) intro-
duced the following bill; which was referred to the Committee on Ways 
and Means 
A BILL 
To impose a tax on certain trading transactions to invest 
in our families and communities, improve our infrastruc-
ture and our environment, strengthen our financial secu-
rity, expand opportunity and reduce market volatility. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Inclusive Prosperity 
Act of 2017’’. 
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SEC. 2. FINDINGS. 
Congress finds the following: 
(1) The global financial crisis cost Americans 
$19 trillion in lost wealth. 
(2) The global financial crisis was caused by fi-
nancial firms taking great financial risks without 
disclosing those risks to their investors or their regu-
lators and by regulatory failures to adequately police 
the financial services markets for crime, unfair or 
deceptive practices, fraud, lack of transparency, and 
mismanagement. 
(3) Deceptive, illegal, and speculative financial 
practices have harmed public confidence in the integ-
rity and fairness of many United States financial in-
stitutions and threaten the basic strengths of the 
United States economic system. 
(4) American citizens provided the money to 
stabilize the financial sector, making $600 billion 
available to 800 financial institutions, automakers, 
and insurance companies. 
(5) The global financial crisis, along with the 
wars, unabated and unaddressed climate change, 
unsustainable tax cuts, and a continuing unemploy-
ment crisis, if unaddressed, will deprive a generation 
of a meaningful role in the larger economy. 
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(6) Nurses, teachers, public safety officers, and 
other public sector workers have faced drastic fund-
ing cuts, harming our long-term public safety and 
prospects for economic growth. 
(7) Extreme weather events rooted in climate 
change, including flood, drought, fire, super storms 
like Sandy, as well as ‘‘slow-onset’’ events like sea 
level rise, are wreaking havoc in the United States 
and across the globe resulting in climate change im-
pacts that jeopardize the lives and livelihoods of 
Americans, causing large-scale food and energy inse-
curity in developing countries, and extolling untold 
economic costs. 
(8) According to economists, a small tax on 
transfer of ownership of every financial trade could 
generate hundreds of billions annually in revenue, 
which when invested could help create sufficient jobs 
in both the public and private sectors to replace the 
8 million jobs lost in the recent recession and add 
even more jobs on an ongoing basis, as well as pro-
vide urgently needed funding for programs to com-
bat climate change and address global health and 
development issues. 
(9) A transactions tax will help limit high fre-
quency trading which may be as high as 70 percent 
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