Sen. Pat Roberts, R-Kan., and Rep. Tom Price, R-Ga., have introduced legislation in the Senate and the House to block foreign governments from collecting taxes on securities transactions.

The European Union is moving closer to agreeing to impose a financial transaction tax that would apply to 11 member states and the tax could affect U.S. investors as well (see Don’t Have a Fit, or a FTT). France and Italy have already levied taxes on financial transactions.

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