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On Thursday, McKeon introduced a bill, NJ A4402, he said was inspired by the op-ed.
McKeon’s bill would impose a quarter-of-a-cent fee on all transactions processed in massive Wall Street computer server warehouses in New Jersey.
The measure has become an unwitting tribute to Applefield, who died the day before McKeon introduced it.
Asked how much his proposal could generate for the state, McKeon said, “literally billions.”
“There are reportedly billions of financial transactions processed daily, and many of those are processed through electronic infrastructure located in New Jersey,” McKeon’s bill states.

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