On February 3, 2020, the Equity Markets Association joined 30 organizations in sending a letter to New York’s Governor, Andrew Cuomo, and New York state legislative leaders opposing the the re-imposition of the state’s Stock Transaction Tax (STT). The letter was also sent to the New York State Senate President and the Speaker of the New York State Assembly. EMA cannot express strongly enough the economic harm a STT could have on the state’s retirement savers, investors, businesses and the economy.