The accused Iraqi spy also worked for Rep. Zoe Lofgren (D-Cal.) and Rep. Peter DeFazio (D-Ore.).

CENTERFORSECURITYPOLICY: Ex-Wyden staffer arrested as Iraqi spy

Last year Congressman Peter DeFazio proposed a similar act, suggesting a tax imposition of 0.03 percent on financial transactions.

FORBES: Risk Of Going Hungary With A Financial Transaction Tax

One proposal addressing patent reform that is currently pending before Congress is the SHIELD Act, which was introduced by Representatives Peter DeFazio and Jason Chaffetz on August 1.

FORBES: The $29 Billion Tax On Innovation