US HB6613 | 2011-2012 | 112th Congress

Status

Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on November 29 2012 - 25% progression, died in committee
Action: 2012-12-20 - Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Pending: House Subcommittee on Capital Markets and Government Sponsored Enterprises Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Markets and Trading Reorganization Act - Establishes the Securities and Derivatives Commission as an independent regulatory commission. Directs such Commission to establish three principal divisions: (1) a Markets and Trading Division with oversight of market conduct and utilities, the conduct of market professionals, and self-regulatory organizations with regard to such market professionals, including related examination functions; (2) an Issuers and Financial Disclosures Division with oversight of the issuance of securities, including investment companies and related rules and examinations; and (3) an Enforcement Division responsible for the enforcement of all Commission rules. Transfers to the Commission all functions and personnel of: (1) the Commodity Futures Trading Commission (CFTC), and (2) the Securities and Exchange Commission (SEC). Grants the Commission fee and funding authority.

Tracking Information

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Title

Markets and Trading Reorganization Act

Sponsors


History

DateChamberAction
2012-12-20HouseReferred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
2012-12-17HouseReferred to the Subcommittee on General Farm Commodities and Risk Management.
2012-11-29HouseReferred to House Agriculture
2012-11-29HouseReferred to House Financial Services
2012-11-29HouseReferred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Same As/Similar To

HB3665 (Related) 2012-01-17 - Referred to the Subcommittee on General Farm Commodities and Risk Management.

Subjects


US Congress State Sources


Bill Comments

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