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Section 31(a) Still in Limbo

Traders Magazine, August 2001

Gregory Bresiger

See you after Labor Day. That's what trading industry Congressional lobbyists are thinking about their biggest legislative priority. Congress adjourned and went home for the summer without putting the finishing touches on the Section 31(a) reform bill, but securities industry sources are still confident that the tax relief measure, which would reduce a transaction fee, will easily pass when lawmakers return this fall.

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