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Now or Never:

Traders Magazine, February 2001

Gregory Bresiger

It's now or never for the trading industry in the 107th Congress. Never have the

Security Traders Association's chances seemed so bright to obtain favored tax-reduction legislation of Section 31(a) fees. Still, if the industry isn't able to take advantage of this unique opportunity over the next two years, it will be a long time before it has another one, STA officials concede.

"This [Bush] administration is much more sympathetic than the previous one. This is the year to get things done," said Lee Korins, president of the STA. That's what STA officials and securities industry lobbyists tell Traders Magazine in a series of interviews about the new Congressional session and about their attempts to reduce the unpopular Section 31(a) tax, which is the STA's top priority in the current two-year session of Congress.

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