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Section 31 Relief Is on Shaky Ground

Traders Magazine, September 1998

Jeffrey L. Winograd

A high-stakes campaign by the Security Traders Association and other industry participants to reduce the amount of money raised under Section 31 transaction fees seemed unlikely to succeed as the current Congressional session winded down.

At presstime, only a handful of days were left on the legislative calendar with lawmakers' attention focused on more pressing matters than Section 31 relief, among them Congressional elections, President Clinton's threatened impeachment, appropriations bills and tax cuts.

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