,,ii  #aacth ,,congress  #ast ,session  
,s4 #abeg  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #bg1     
#bjac ,mr4 ,roberts introduced the      
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to protect financial        
transactions in the ,united ,states from
 enforcement of certain excise taxes    
imposed by any foreign government1 and  
for other purposes4  #a4 ,short title   
,this ,act may be cited as the ,protect 
,american ,investments ,act of #bjac4   
#b4 ,prohibition on the ,united ,states 
persons paying foreign financial        
transaction tax  7a7 ,in general ,a     
,united ,states based company1 entity1  
or person shall be prohibited from      
paying a financial transaction tax which
 is imposed by a foreign country on any 
covered financial transaction4  7b7     
,actions by ,secretary ,the ,secretary  
of the ,treasury--  7#a7 not later than 
#ij days after the date of the enactment
 of this ,act1 shall promulgate such    

regulations or other guidance1 and  7#b7
 may take such other actions1  as may be
 necessary or appropriate to carry out  
subsection 7a74  #c4 ,prohibition on    
,united ,states assistance in collecting
 certain taxes1 etc ,the ,secretary of  
the ,treasury may not assist any foreign
 government with respect to the         
collection of any excise tax1 related   
penalty1 or related judgment by a court 
of a foreign country or by a foreign    
government on any covered financial     
transaction4  #d4 ,protection of        
financial transactions in the ,united   
,states from enforcement of excise tax  
imposed by ,france ,the ,secretary of   
the ,treasury shall apply paragraph #d  
of ,article #bi of the ,convention      
,between the ,government of the ,united 
,states of ,america and the ,government 
of the ,french ,republic for the        
,avoidance of ,double ,taxation and the 
,prevention of ,fiscal ,evasion ,with   
,respect to ,taxes on ,income and       
,capital1 entered into force on or after

 ,january #a1 #aiif1 to exempt covered  
financial transactions4  #e4            
,definitions ,for purposes of this      
,act--  7#a7 ,covered financial         
transaction ,the term covered financial 
transaction means a financial           
transaction occurring on a ,united      
,states exchange or over the counter    
within the ,united ,states1             
notwithstanding the nationality of the  
issuer of such security or the residence
 of any party to the transaction4  7#b7 
,secretary of the ,treasury ,the term   
,secretary of the ,treasury includes any
 delegate of the ,secretary4