,,iv  #aacth ,,congress  #ast ,session  
,h4 ,,res4 #aff  ,,in ,,the ,,house ,,of
 ,,representatives  ,april #ag1 #bjac   
,mr4 ,latham 7for himself1 ,mr4 ,cole1  
,mr4 ,duffy1 ,mr4 ,fitzpatrick1 ,mr4    
,fortenberry1 ,mr4 ,hanna1 ,mr4 ,king of
 ,iowa1 and ,mr4 ,nugent7 submitted the 
following resolution2 which was referred
 to the ,committee on ,financial        
,services  ,,resolution  ,condemning any
 proposals for the arbitrary seizure of 
funds from federally insured deposit    
accounts in the ,united ,states by the  
,government without due process4        
,whereas to make up for budgetary       
shortfalls1 foreign governments have    
proposed to subject a one-time tax or   
fee on individual deposit accounts in   
financial institutions in their         
countries2 ,whereas such proposals have 
incited public panic and raised concerns
 that large numbers of bank customers   
may withdraw funds from their depository
 institutions rapidly and               
simultaneously1 also known as bank runs2

 ,whereas such proposals have resulted  
in temporary capital restrictions and   
bank closures in fear of prolonged bank 
runs2 ,whereas such proposals have      
resulted in bank customers unable to    
withdraw funds during normal bank       
operating hours2 ,whereas federally     
insured deposit accounts help maintain  
public confidence in the ,u4,s4         
financial system2 ,whereas such a tax or
 fee would have a destabilizing effect  
on ,american families1 businesses1 and  
the overall ,u4,s4 financial system2 and
 ,whereas a financial transaction tax or
 fee also would be detrimental to       
average investors in towns all across   
,america1 suppress business activity1   
and harm the ,u4,s4 economy from ,main  
,street to ,wall ,street3 ,now1         
therefore1 be it  ,that the ,house of   
,representatives condemns any proposals 
for the arbitrary seizure of funds from 
federally insured deposit accounts in   
the ,united ,states by the ,government  
without due process4