I 
113TH CONGRESS 
1ST SESSION H. R. 2546 
To protect financial transactions in the United States from enforcement 
of certain excise taxes imposed by any foreign government, and for 
other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 27, 2013 
Mr. PRICE of Georgia (for himself, Mr. MARCHANT, Mr. SCHOCK, Mr. BOU-
STANY, and Mr. TIBERI) introduced the following bill; which was referred 
to the Committee on Ways and Means, and in addition to the Committee 
on Foreign Affairs, for a period to be subsequently determined by the 
Speaker, in each case for consideration of such provisions as fall within 
the jurisdiction of the committee concerned 
A BILL 
To protect financial transactions in the United States from 
enforcement of certain excise taxes imposed by any for-
eign government, and for other purposes. 
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 ‘‘Protect American In-
vestments Act of 2013’’. 
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SEC. 2. PROHIBITION ON THE UNITED STATES PERSONS 
PAYING FOREIGN FINANCIAL TRANSACTION 
TAX. 
(a) IN GENERAL.—A United States based company, 
entity, or person shall be prohibited from paying a finan-
cial transaction tax which is imposed by a foreign country 
on any covered financial transaction. 
(b) ACTIONS BY SECRETARY.—The Secretary of the 
Treasury— 
(1) not later than 90 days after the date of the 
enactment of this Act, shall promulgate such regula-
tions or other guidance, and 
(2) may take such other actions, 
as may be necessary or appropriate to carry out subsection 
(a). 
SEC. 3. PROHIBITION ON UNITED STATES ASSISTANCE IN 
COLLECTING CERTAIN TAXES, ETC. 
The Secretary of the Treasury may not assist any 
foreign government with respect to the collection of any 
excise tax, related penalty, or related judgment by a court 
of a foreign country or by a foreign government on any 
covered financial transaction. 
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SEC. 4. PROTECTION OF FINANCIAL TRANSACTIONS IN THE 
UNITED STATES FROM ENFORCEMENT OF EX-
CISE TAX IMPOSED BY FRANCE. 
The Secretary of the Treasury shall apply paragraph 
4 of Article 29 of the Convention Between the Government 
of the United States of America and the Government of 
the French Republic for the Avoidance of Double Taxation 
and the Prevention of Fiscal Evasion With Respect to 
Taxes on Income and Capital, entered into force on or 
after January 1, 1996, to exempt covered financial trans-
actions. 
SEC. 5. DEFINITIONS. 
For purposes of this Act— 
(1) COVERED FINANCIAL TRANSACTION.—The 
term ‘‘covered financial transaction’’ means a finan-
cial transaction occurring on a United States ex-
change or over the counter within the United States, 
notwithstanding the nationality of the issuer of such 
security or the residence of any party to the trans-
action. 
(2) SECRETARY OF THE TREASURY.—The term 
‘‘Secretary of the Treasury’’ includes any delegate of 
the Secretary. 
Æ 
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