,,iv #aac? ,,congress #a/ ,session ,h4 ,,res4 #aff ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,april #ag1 #bjac ,mr4 ,la?am 7= himself1 ,mr4 ,cole1 ,mr4 ,duffy1 ,mr4 ,fitzpatrick1 ,mr4 ,=t5b]ry1 ,mr4 ,hanna1 ,mr4 ,k+ ( ,i[a1 & ,mr4 ,nug5t7 submitt$ ! foll[+ resolution2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,,resolution ,condemn+ any proposals = ! arbitr>y seizure ( funds f f$]ally insur$ deposit acc\nts 9 ! ,unit$ ,/ates by ! ,gov]nm5t )\t due process4 ,:]eas to make up = budget>y %ortfalls1 =eign gov]nm5ts h propos$ to subject a "o-"t tax or fee on individual deposit acc\nts 9 f9ancial in/itutions 9 _! c\ntries2 ,:]eas su* proposals h incit$ public panic & rais$ conc]ns t l>ge numb]s ( bank cu/om]s may )draw funds f _! depository in/itutions rapidly & simultane\sly1 also kn[n z bank runs2 ,:]eas su* proposals h result$ 9 tempor>y capital re/rictions & bank closures 9 fe> ( prolong$ bank runs2 ,:]eas su* proposals h result$ 9 bank cu/om]s unable to )draw funds dur+ normal bank op]at+ h\rs2 ,:]eas f$]ally insur$ deposit acc\nts help ma9ta9 public confid5ce 9 ! ,u4,s4 f9ancial sy/em2 ,:]eas su* a tax or fee w\ld h a de/abiliz+ effect on ,am]ican families1 bus9esses1 & ! ov]all ,u4,s4 f9ancial sy/em2 & ,:]eas a f9ancial transaction tax or fee also w\ld be detrim5tal to av]age inve/ors 9 t[ns all across ,am]ica1 suppress bus9ess activity1 & h>m ! ,u4,s4 economy f ,ma9 ,/reet to ,wall ,/reet3 ,n[1 !re=e1 be x ,t ! ,h\se ( ,repres5tatives condemns any proposals = ! arbitr>y seizure ( funds f f$]ally insur$ deposit acc\nts 9 ! ,unit$ ,/ates by ! ,gov]nm5t )\t due process4