HI HCR195

Urges U.S. Congress to impose a financial transactions tax on trading transactions similar to the Inclusive Prosperity Act of 2017 (H.R. 1144; S. 805).

Identifies the 2007-2009 financial crisis that caused $19.2 trillion in lost household wealth and required $600 billion in taxpayer-funded bailouts as justification for the tax.

Notes that 40 nations have implemented financial transactions taxes, which are endorsed by over 1,000 economists and would help limit high-frequency trading that constitutes up to 70 percent of market volume.

States that revenue generated from the tax would fund social safety net programs, infrastructure investments, education, climate change initiatives, Medicare/Medicaid expansion, and international development assistance.

Directs transmission of the resolution to the President, Congressional leadership, Senate Finance Committee, House Ways and Means Committee, and Hawaii's Congressional delegation.