Peter Anthony DeFazio

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Pete DeFazio
Occupation U.S. Congressman - D-Ore.
Employer U.S. Congress

Rep. Peter Anthony DeFazio, D-Ore., introduced the idea of "Let Wall Street Pay for Wall Street's Bailout Act of 2009" in February. The measure would tax securities transfers, including stocks, options and futures. It does not specifically set a tax rate, calling on the Treasury secretary to do that. But it suggests 0.25 percent would do. The bill had seven co-sponsors, all Democrats.[1]

On the House floor in February, DeFazio cited "obscene executive compensation" as a problem with original TARP legislation.

As of early 2009, he characterized his key issues as:

  • Fighting for taxpayers, fixing the economy;
  • Bringing an end to the war in Iraq and
  • Ensuring a sustainable energy future.[2]


He worked as an aide to United States Representative James H. Weaver of Oregon from 1977-1982; Lane County, Oreg., commissioner, 1983-1986, and chairman, 1985-1986. He was an unsuccessful candidate for nomination to the United States Senate in a special primary election in 1995 and was elected as a Democrat to the One Hundredth and to the 11 succeeding Congresses Jan. 3, 1987 to the present.[3]


DeFazio received a B.A. from Tufts University in Medford, Mass. in 1969; He received an M.S. from the University of Oregon in Eugene, Oreg. in 1977.